Relatives of Marines killed in an attack in Lebanon in 1983 want federal authorities to give them a Midtown skyscraper owned by a nonprofit organization accused of being a "front for the Iranian government." According to the Post, families of the 241 soldiers killed in the bombing of military barracks want 650 Fifth Avenue to serve as their compensation for the $2.6 billion in damages awarded to them in court three years ago. Federal prosecutors have tried to revoke ownership of the 36-story tower because the Alavi Foundation, which owns the building, has been accused of sending money to Iran despite a trade ban. more ›

After previously filing forfeiture action on 650 Fifth Avenue, claiming it was owned by a company laundering money for Iranian terrorists, federal prosecutors have move to seize the 36-floor skyscraper in Midtown Manhattan as well as properties in Queens—including a mosque— owned by the Alavi Foundation. Manhattan U.S. Attorney Preet Bharara said, "The Alavi Foundation has effectively been a front for the government of Iran." said Manhattan U.S. Attorney Preet Bharara, who sued to grab more than $500 million in assets. more ›

export license from the United States Department of Treasury.") The NY Times reports, "The seizure was the latest step in the government’s broader effort to financially suffocate Iran’s biggest banks, several of which have been accused of funneling money to groups like Hamas and financing Iran’s nuclear missile program." Tenants in the building include Citibank and the Juicy flagship store. more ›