Friday, November 13, 2009

US Attempts to Seize Iranian Assets in NYC

Those familiar with our case, Flatow v. Islamic Republic of Iran, will remember that our family attempted to collect on our judgment by seizing various properties we alleged were owned by the Iranian government through third parties. As the records in those cases show, we could not overcome the so-called day-to-day control of these assets by the mullahs in Iran.

Notwithstanding that we thought we had proved that Iran was the owner of the Alavi Foundation by virtue of its nature as an Iranian controlled charity, US courts ruled against us.

Now comes the United States Attorney for the Southern District of New York and the filing of a Verified Amended Complaint seeking forfeiture of properties around the United States on the basis that there owners are fronts for the Islamic Republic of Iran.

10 years ago I stated that the seizure of Iranian assets was another weapon to be used to get the Iranians out of the terrorism sponsorship business. Apparently, the government agrees.

It seems we were right all along.

Kudos to the US Attorney for the Southern District of New York. Here's hoping he's successful in his efforts.

Read two current news accounts: 1010WINS, The New York Times.

The US Attorney's Press Release is here.

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