web analytics
August 31, 2014 / 5 Elul, 5774
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



US Seizing Iran Owned NYC 36-Story Building

The U.S. can use the proceeds to compensate victims of Iranian-sponsored terrorism.
The building, at 650 Fifth Avenue, was built in the 1970s by a foundation linked to Shah Mohammad Reza Pahlavi.

The building, at 650 Fifth Avenue, was built in the 1970s by a foundation linked to Shah Mohammad Reza Pahlavi.

The Justice Department has conducted the biggest seizure of terrorism-related assets in its history, confiscating a 36-story office building in Manhattan from an Iranian straw company.

A district court ruled on Tuesday that the office building’s owners, the Alavi Foundation and Assa Corp., were “shielding and concealing Iranian assets” in violation of U.S. sanctions on Iran.

Manhattan U.S. Attorney Preet Bharara said in press release: “The Judge’s opinion upholds what was the contention of this office from outset: ‘Assa was (and is) a front for Bank Melli, and thus a front for the Government of Iran.’”

The building, at 650 Fifth Avenue, was built in the 1970s by a foundation linked to Shah Mohammad Reza Pahlavi. The Iranian government took over the building following the 1979 Islamic Revolution and since then it has been owned by a variety of banks and shell corporations, according to the Dept. of Justice.

The ruling allows the U.S. to seize bank accounts and other properties belonging to the building’s owner, and also, possibly, use the proceeds to compensate victims of Iranian-sponsored terrorism.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

10 Responses to “US Seizing Iran Owned NYC 36-Story Building”

  1. Lloyd Bergner says:

    It's a good beginning..let's continue

  2. Nice, some good news today…very nice!

  3. Anonymous says:

    How much is it worth, and who gets the $$? Who are the tenants?

  4. Anonymous says:

    How much is it worth, and who gets the $$? Who are the tenants?

  5. Mary Stone says:

    Well…it remains to be seen if the bank accounts are used to compensate victimsof Iranian-sponsored terrorism! Me…I rather doubt it. Oh…I'm all for the seizure of this building and the bank accounts…however as to where the money actually goes…"I'll believe it when I see it"

  6. Evelyn Munoz says:

    I agree with Bergner, we should do more of this, and if the money goes to a good cause tht is an added pleasure.

  7. Yechiel Baum says:

    THIS WAS ONLY DISCOVERED NOW?
    IRS is busy seeking at Jewish assets but those of criminals are at the bottom of their review or are they just stupid?

  8. Yechiel Baum says:

    THIS WAS ONLY DISCOVERED NOW?
    IRS is busy seeking at Jewish assets but those of criminals are at the bottom of their review or are they just stupid?

  9. Anonymous says:

    I DOUBT that the VICTIMS will ever get even a penny from this seizure. Of course I am a cynic by nature.

  10. Christopher Lee says:

    Great news. I am glad to see the US government doing this.

    Chris
    Owner Cel Financial Services
    IRS Registered Tax Return Preparer
    Registered bonded California CTEC Tax Preparer
    Please visit my website for all your Fillmore Income Tax needs.
    http://www.taxprepfillmore.com/

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
MK Hanin Zoabi, under the protection of the Israeli flag, speaks against Israel.
Zoabi Sings Palestinian Authority Anthem at Hamas ‘Victory’ Rally
Latest News Stories
Chen Schwartz

Almost a month after being shot in Jerusalem by a terrorist, IDF soldier Chen Schwartz is going home…

The Great Synagogue in Lyons was targeted for a suicide bombing by two Muslim teenage girls.

The jihad network has snared teenagers in it web. One out of every six Frenchmen supports the ISIS.

Arab youth throwing a firebomb at Jews.

Palestinian Authority terrorists set off a bomb at a bus stop in Samaria and threw two pipe bombs at passing Jewish drivers in Samaria on Sunday. No one was injured. Police sappers were called to the Rechalim Junction where the bomb exploded. They did not find any other explosive devices and still are searching for […]

MK Hanin Zoabi, under the protection of the Israeli flag, speaks against Israel.

What other country would allow legislators to openly declare their allegiance to another entity?

Israel is better off with a weak Hamas rather than a dead Hamas, for the time being, says Netanyahu.

Two mortars landed close to the Israel-Syrian border/cease-fire lines in the Eastern Golan Heights

If Israel would just not exists, and if Jews would stop being Jewish, there would be no anti-Semitism in the world.

Doctors are hopeful but worried. Her daughter Melissa is an “emotional wreck.”

We wish him a speedy recovery and a lifetime of laryngitis.

The FIlipino UN troops were successfully extracted by Irish UN troops from the Syrian rebel siege.

Joan Rivers, 81, is in an induced coma following throat surgery on Thursday. Rivers suffered a heart attack during surgery.

With new neighbors along our Syrian border, we thought we’d check out what they’re saying and what’s going on…

We wish a speedy recovery to Joan Rivers, the straight-shooting Jewish comedienne whose exact analysis of the war was, “Hamas started it.”

An IDF soldier who was critically injured last week by a rocket that hit Ashdod died from his wounds today. He is Israel’s 71st casualty in the war. Sergeant Natanel Maman, 21, from Gan Yavne, an Ordnance Corps soldier, was critically injured by a rocket that hit Ashdod last Friday. He was promoted posthumously from […]

More than 200,000 Muslims live in Michigan. Fifty of them showed up for a protest against ISIS.

Sofer, who may have died from dehydration after falling in a ravine while hiking, is being buried in Beit Shemesh.

More Articles from Jewish Press Staff
Dell Smitherman at The Jewish Press.

Smitherman has witnessed firsthand both how damaging income inequality has been to the poor and how it negatively impacts families and communities.

“It was embarrassing to be asked, Why is Egypt right now a better ally than America? Why is Israel doing more than the U.S. to protect Israel?”

An Uzbek couple has reportedly confessed under interrogation to the murders of a Turkish Jewish couple in Istanbul.

At least three terrorists are dead and nine others wounded in an IAF air strike in Gaza City following a day of non-stop rocket fire aimed at Israel.

Printed from: http://www.jewishpress.com/news/breaking-news/us-seizing-iran-owned-nyc-36-story-building/2013/09/18/

Scan this QR code to visit this page online: