“Cut!” US Marshals sell “Wolf of Wall Street” producer’s condo for half price

The Upper West Side property was one of several forfeited amid the 1MDB scandal

New York /
May.May 27, 2021 07:00 AM
Riza Aziz with the Park Laurel Condominiums (Getty, Google Maps)

Riza Aziz with the Park Laurel Condominiums (Getty, Google Maps)

Steep discounts can still be found in Manhattan’s surging luxury market — at least if you’re buying from the U.S. Marshals.

Earlier this month, authorities offloaded a condo caught up in the 1Malaysia Development Berhad scandal for roughly half of what it was sold for nearly a decade ago, property records show.

U.S. Marshals closed a deal on the unit, located in the Park Laurel at 15 West 63rd Street, for $16.8 million on May 5. Its previous owner, Riza Aziz, a producer on “The Wolf of Wall Street” and stepson of a former Malaysian prime minister, paid $33.5 million for the property in 2012 — using funds he allegedly embezzled from a Malaysian sovereign wealth fund.

Real estate lawyer Paul Giddins — along with “St. Jean II Revocable Trust” — is listed as the buyer’s trustee. Giddins declined to reveal additional information about the transaction.

To avoid criminal charges, Aziz agreed to forfeit $60 million worth of assets, the Department of Justice announced last year, including the Upper West Side condo as well as an 11,000-square-foot Beverly Hills mansion and a four-story townhouse in London.

Between Aziz and other suspects Jho Low and Khadem Al-Qubaisi, the total sum of recovered assets was roughly $1.1 billion as of September.





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