There’s one thing you can say for Hassan Nemazee, the Iranian-American investment banker who plead guilty to a $292 million bank fraud: he certainly knew how to spend it.
Nemazee certainly spared no expense when it came to his 15-room terraced duplex apartment on the 14th and 15th floors of 770 Park Avenue. Twenty-eight windows span three exposures, and the co-op has a 29-foot living room overlooking Park Avenue and a 20-foot living room adjacent (both with wood burning fireplaces and herringbone wood floors, of course). When the U.S. Marshals listed it for $28 million last March, it was the highest-priced forfeited asset that they’d ever put up for sale. Read More