Word: alavi
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Dates: during 2010-2019
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Managers of an Iranian charity started by the Shah faced a dilemma with its American properties, as Washington tightened a squeeze on all entities tied to the Islamic Revolutionary Government. But U.S. law allowed a simple solution for the renamed Alavi Foundation: disguise its properties' real owners through the use of shell companies, multiple ones if need...
...years, right under authorities' noses. It's also meant that tenants of the prestigious Manhattan property have been paying millions in rent to Tehran every year - $4.5 million in 2007 alone. Last November, more than 30 years after the Islamic revolution, U.S. officials moved to take over all of Alavi's U.S. properties and bank accounts, spread over five states...