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For Immediate Release

May 08, 2013 Deputy U.S. Marshal Kevin R. Kamrowski
Southern District of New York (212) 331-7078
U.S. Marshals Announce Largest Real Property Sale in Marshals Service History

New York, NY – Joseph R. Guccione, the United States Marshal for the Southern District of New York, announced today the largest sale of real property in U.S. Marshals Service history. The 14-room, 5,130 square foot, pre-war luxury penthouse duplex apartment by renowned Italian-American architect Rosario Candela, located on Park Avenue, New York, NY belonging to Hassan Nemazee has been sold by Corcoran Group Real Estate. The U.S. Marshals Service, assisted by their national real property contractor, LPS Asset Management Solutions and Sotheby’s International Realty, announced that the property formerly owned by Hassan Nemazee has sold for $17,750,000. Nemazee was convicted for a $292 million fraud scheme and is currently serving 12 years in federal prison.

As part of the sentence, Nemazee was ordered to forfeit various real properties, corporate entities, hedge funds, securities accounts, and bank accounts, including his interests in an apartment in Rome, Italy; property in Puglia, Italy; a luxury yacht and private plane; various Manhattan apartments, including the one located on Park Avenue; a 22-acre estate in Katonah, New York; and various privately- and publicly-held companies.

“This marks the largest sale of a residential property obtained through ill-gotten gains in the U.S. Marshals Service’s 224-year history,” said Guccione. “The Marshals Service has been able to compensate victims of this criminal enterprise by providing restitution payments in excess of $90 million. Depriving criminals of their ill-gotten gains sends out a strong and clear message.”

Interior and balcony view of penthouse apartment

The U.S. Marshals Service administers the Department of Justice's Asset Forfeiture Program by managing and disposing of properties seized and forfeited by federal law enforcement agencies and U.S. Attorneys nationwide. The program has become a key part of the federal government's efforts to combat major criminal activities. The Marshals Service currently manages approximately 23,000 assets with a value of more than $2.4 billion.

Additional information about the U.S. Marshals Service can be found at


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