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The Totally Amazing 650 Fifth Avenue Building

November 14th, 2009 by Economic Policy Journal Filed under Featured, Feeds, Free Republic, Politics.[0 views]
The building at 650 Fifth Avenue was built in the 1970s by the Shah of Iran, who was overthrown in 1979. The US Attorney's office in Manhattan said yesterday that it is seeking control of a 60-percent stake in in the building, now held by the Alavi Foundation, a New York-based charitable group. "The Alavi Foundation has effectively been a front for the government of Iran," said Preet Bharara, the US Attorney in Manhattan. "For two decades, the Alavi Foundation's affairs have been directed by various Iranian officials, including Iranian ambassadors to the United Nations, in violation of a series...

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