A New York Federal Judge granted a Judgment handing more than $1 Billion in Real Estate and Cash from an Iranian-linked Charity to the U.S. Government for Sanctions Violations on Wednesday, the same day the last of the Private Plaintiffs in the Case agreed to a Settlement with the Government.
District Court Judge Katherine B. Forrest issued the Order authorizing the Government to seize Property Co-Owned by the Alavi Foundation, including a $500 Million, 38-story Office Tower at 650 Fifth Avenue in New York City.
The Alavi Foundation is the successor Organization to the Pahlavi Foundation, a Nonprofit Group used by Shah Mohammad Reza Pahlavi to advance Iran's Charitable interests in America. Most of the Charity's Income is from rent collected on the Piaget Building, a skyscraper on Fifth Avenue in New York City.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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