That's what I figured. Plus minimizing depreciation by allowing the owner to sell it. Thanks. Haytham Faraj Sent from my iPhone For clarity, consider "blocking" the functional equivalent of "freezing" property. The payment of the value of the car is a "bond."
This letter is the first step and explains what is happening. I imagine the letter will be followed up with a criminal/civil notice from the OFAC. The letter proposes means of sealing w/the property in the interim and permits the owner to "store" the property instead of the government storing it.
On Sun, May 22, 2011 at 3:13 PM, Haytham <haytham@puckettfaraj.com> wrote:
Please review the attached documents. I need your assistance in contacting the OFAC office to determine what exactly is meant by their letter. Why would the owner have to pay the value of a car to get his own vehicle back?
Haytham Faraj Sent from my iPhone
Begin forwarded message:
Dear HaythamPlease see the attached letter.
Thank you,Ghida NassifManaging DirectorSallaum Lines USATel: 703-350-4065
-----Original Message-----From: Dale.Thompson@treasury.gov [mailto:Dale.Thompson@treasury.gov]
Sent: Friday, May 20, 2011 4:04 PMTo: Ghida NassifSubject: Notification Regarding Blocked PropertyGhida,Here is a copy of the notice we are sending in the mail today. We have one that is addressed to Sallaum Group SA in Ashburn, VA.
Best Regards,Dale ThompsonEnforcement Section ChiefOffice of Foreign Assets ControlU.S. Department of the Treasury(202) 622-1523
Fax (202) 622-2606thompsond@tsdn.treasury.sgov.gov
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Nick N. Hadous Mobile (MI): (313) 415-5559 Mobile (AZ): (602) 492-4432 Email: nickhadous@gmail.com
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