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For Immediate Release

March 17, 2011

Roland Ubaldo or Bill Dundon

Southern District of New York


U.S. Marshals Selling Two Properties That Belonged to Convicted Fraudster Hassan Nemazee

WASHINGTON Two N.Y. properties that belonged to convicted fraudster Hassan Nemazee have been listed for sale by a U.S. Marshals contractor. One of the properties, a New York City duplex, is listed at $28 million and is the highest-priced forfeited asset that the U.S. Marshals have ever listed for sale. Nemazee was convicted for a $292 million fraud scheme and is currently serving 12 years in a federal prison.

Information about the two properties is as follows:

Property address:  770 Park Ave., Duplex Apartment 14A/15A, New York, NY




Anne V. Corey, Sotheby's International Realty

Office: 212-606-7733

Cell: 917-270-0698

Fax: 212-606-7661

Property address:  128-136 Mount Holly Rd., Katonah, NY




Caroline Shepherd, Houlihan Lawrence Real Estate

Office: 914-393-2795


Angela Kessel, Houlihan Lawrence Real Estate

Office: 914-234-9099 ext. 359

Cell: 914-841-1919

The U.S. Marshals Service is responsible for managing and selling seized and forfeited properties acquired by federal criminals through illegal activities. Proceeds generated from asset sales are used to compensate victims, supplement funding for law enforcement initiatives and support community programs.