US to seize New York skyscraper secretly owned by Iran
The website for the building at 650 Fifth Avenue advertises for prospective tenants. NEW YORK (CNNMoney) The U.S. government is set to seize a Manhattan skyscraper that prosecutors say is secretly owned and controlled by the Iranian government. The 36-story tower is located on Fifth Avenue in the heart of New York City, adjacent to Rockefeller Center, and is home to a number of corporate tenants. Preet Bharara, the U.S. attorney in Manhattan, said Tuesday that the seizure and sale of the property would be the government's largest-ever terrorism-related forfeiture. A federal judge authorized the seizure in a ruling this week, finding that the building's owners had violated federal money laundering laws and sanctions against Iran . The building was constructed in the 1970's by a non-profit organization operated by the Shah of Iran, who was overthrown at the end of that decade. Today, the property is 60% owned by that organization, now called the Al...