A charity with an ownership stake in a 36-story building in Manhattan and several other properties served as a front for the Iranian government, moving money at its behest in violation of U.S. sanctions, a federal judge ruled on Thursday following a trial of roughly five weeks.
Southern District Judge Katherine Forrest’s 147-page ruling, released just after the jury in the case returned its verdict, allows the U.S. government to seize the Alavi Foundation’s majority stake in the 650 Fifth Ave. building through civil forfeiture.
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