$6M NYC condo is the latest to be forfeited by court order in the multibillion 1MDB sovereign wealth fraud
A $6 million luxury condo in New York City has been forfeited by court order due to its connection to the 1MDB fraud. The property was purchased using funds stolen from the Malaysian sovereign wealth fund, with ties to international fugitive Jho Low. The U.S. government is also seizing rental proceeds from the condo as part of the ongoing investigation into the fraud.
- ▪The condo is located in the Flatiron district and was bought in July 2017 for $5.6 million.
- ▪It was purchased through an anonymous shell company for the benefit of May Ling Catherine Tan, who worked for Jho Low.
- ▪The U.S. government is seizing at least $1.77 million in rental proceeds earned from the property.
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Real Estate exclusive gimme shelter $6M NYC condo is the latest to be forfeited by court order in the multibillion 1MDB sovereign wealth fraud By Jennifer Gould Published May 27, 2026, 12:47 p.m. ET See more of our coverage in your search results. Add The New York Post on Google The US government has obtained a judge’s order for the forfeiture of a $6 million luxury condo in the Flatiron district bought with money stolen from 1MDB, a Malaysian sovereign wealth fund at the center of one of the largest financial frauds in history, Gimme Shelter has learned exclusively. The second-floor condo is at 10 Madison Square West, overlooking Madison Square Park. It was bought in July 2017 for $5.6 million via an anonymous shell company for the benefit of May Ling Catherine Tan, the feds say.
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