Re: Notification Regarding Blocked Property

[Haytham <haytham@puckettfaraj.com>]

Thanks.  I was aware of all that. It appears that. What I needed clarification on is whether the government was offering release if the owners post a bond. It doesn't specify that but states that a deposit for the FMV is required to retrieve a vehicle. It appears that you believe they mean bond. Why? I assumed the same but want to make sure that's what they mean. 

Haytham Faraj 

Sent from my iPhone

On May 23, 2011, at 1:32 PM, Nick Hadous <nickhadous@gmail.com> wrote:

The assets were seized b/c the government believes they are owned/controlled by a "restricted" entity or being sold to a restricted entity.

The government is not offering to give back the property - the property is considered detained/seized.

The government is offering to:

1.  Issue a license authorizing the owner to dispose of the property to a non-restircted party.  The owner is required to post a bond in the amount of the FMV.

2.  Issue a license releasing the vehicle to the owner but not permitting the owner to dispose of the property absent a license form the OFAC.

In short, the government thinks the property was going to an entity not entitled under U.S. law to receive them.  The penalties of dealing in such manner may include civil/criminal or a combination. 

I imagine the owner can pursue administrative and/or judicial remedies.  It will probably cost money to get the property back and the burden will be on the owner to prove the property was not destined for a restricted entity. 

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:

From: Ghida Nassif <Ghida.Nassif@sallaumlines.com>
Date: May 21, 2011 3:31:23 PM MDT
To: "haytham@puckettfaraj.com" <haytham@puckettfaraj.com>
Subject: FW: Notification Regarding Blocked Property

Dear Haytham

Please see the attached letter.


Thank you,

Ghida Nassif
Managing Director

Sallaum Lines USA
Tel: 703-350-4065


-----Original Message-----
From: Dale.Thompson@treasury.gov [mailto:Dale.Thompson@treasury.gov]
Sent: Friday, May 20, 2011 4:04 PM
To: Ghida Nassif
Subject: Notification Regarding Blocked Property

Ghida,

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 Thompson
Enforcement Section Chief
Office of Foreign Assets Control
U.S. Department of the Treasury
(202) 622-1523
Fax (202) 622-2606
thompsond@tsdn.treasury.sgov.gov

--
Nick N. Hadous
Mobile (MI):  (313) 415-5559
Mobile (AZ):  (602) 492-4432
Email: nickhadous@gmail.com