BOSTON (WTNH) — A Greenwich, Massachusetts, mansion sold for $7.35 million to enforce the appearance bond for Iftikar Ahmed, the U.S. Department of Justice (DOJ) announced Friday.
In April 2015, Ahmed was charged in Boston with securities fraud in connection with his alleged role in insider trading. He was conditionally released from pre-trial custody, which included himself and his wife, as sureties, signing a $9 million appearance bond secured by their Greenwich residence.
In May 2015, Ahmed fled to India, violating his conditions of release. He has remained at-large ever since.
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In May 2019, the DOJ began the process to enforce Ahmed’s appearance bond, which was declared forfeited, and default judgment was entered and was affirmed on appeal…