In re: 650 Fifth Avenue and Related Properties

  1. March 02, 2020

    Feds Told They Can't Sit On Rent From Iran-Linked Building

    An Iran-linked charity can again start collecting the rent from a Midtown office building that prosecutors have targeted in a decade-old sanctions case after a Manhattan federal judge ruled on Monday that freezing the money is akin to seizing the property and triggers due process concerns.

  2. October 05, 2017

    Iran-Linked Charity Must Hand NYC Office Tower To Feds

    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.

  3. September 05, 2017

    Iran-Linked Manhattan Office Tower Can Be Sold, Judge Says

    A New York federal judge rejected a request by an Iran-linked charity on Friday to overturn a jury's finding that it evaded sanctions on the country or delay the sale of its $500 million Manhattan skyscraper until an appeals court has weighed in, saying the Alavi Foundation's chances of overturning the verdict are "remote."

  4. July 07, 2017

    Judge In $1B Iran Asset Fight Looks Ready To Push Forward

    An Iran-linked charity held liable to surrender its Midtown Manhattan office tower for sanctions violations said Thursday it believes such a punishment would violate a constitutional bar on excessive fines, but the judge overseeing the historic case displayed little desire to hold off on entering judgment pending that long-shot theory.

  5. June 29, 2017

    Jury Rings Up Iran-Linked Charity In $1B Forfeiture Fight

    A Manhattan federal jury on Thursday held an Iran-linked charity extensively liable for violations of sanctions against the Middle Eastern power, tracing its proceeds to money laundering on the country's behalf and dealing prosecutors a win in a decadelong real estate civil forfeiture effort said to be the largest in U.S. history.

  6. June 28, 2017

    Families Harmed By Iran Terrorism Push For Charity's Assets

    Victims of terrorism linked to the government of Iran pressed their claims Wednesday against a billion-dollar real estate portfolio operated by a New York charity with ties to the Mideast power as jurors a room away weighed a parallel effort by U.S. prosecutors to seize the valuable assets.

  7. June 26, 2017

    Sham Transaction Stands Out As $1B Iran Asset Fight Closes

    A 1995 real estate partnership sleight-of-hand stood out Monday as an Iran-linked charity and prosecutors made final arguments to a Manhattan federal jury tasked with deciding if the charity must forfeit a billion-dollar real estate portfolio to the U.S. for violating Iran sanctions.

  8. June 21, 2017

    Former Charity Manager Denies Iran Link In Forfeiture Trial

    A longtime financial manager for the Alavi Foundation, the Iran-linked charity being targeted by the U.S. in a billion-dollar asset forfeiture trial, asserted Wednesday that the Mideast power had no influence over the charity's management of the 36-story Manhattan office tower at the heart of the case. 

  9. June 19, 2017

    Iran Forfeiture Trial Judge To Watch Closings Like A Hawk

    The Manhattan federal judge overseeing the billion-dollar real estate seizure effort targeting an Iran-linked charity warned Monday against cherry-picking quotes from the often-irresolute testimony of a noted Islamic economist who was the treasurer of the charity when it allegedly violated U.S. sanctions.

  10. June 15, 2017

    Iran-Linked Charity Knocks US Witness In $1B Asset Fight

    The Iran-linked charity fighting a billion-dollar U.S. government asset seizure effort got a key informant to tell jurors Thursday that his personal knowledge of the affairs of a real estate partnership at the heart of the case was before when prosecutors say the charity violated sanctions against Tehran.