Condo linked to money laundering is auctioned

Stella Tsang (left), her husband center and auctioneer Mike Lewis.

Stella Tsang (left), her husband center and auctioneer Mike Lewis going over contract.

A Long Island woman who gave her name as Stella Tsang was the winning bidder at today’s auction of a Chelsea condo that the U.S. Treasury Department seized after a former president of Taiwan pleaded guilty to money laundering.

Her final Continue reading

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Money-laundering scandal puts condo on block

A property ensnared in an international money-laundering scandal to which a former president of Taiwan has pleaded guilty is to be auctioned this month by the U.S. Treasury Department.

Chelsea’s Onyx

The auction of the 1,1,78-sf luxury condo in Chelsea’s Onyx, at 261 W. 28th St., is scheduled for April 23.

According to the World Bank, which cites a U.S. Justice Department press release, the sale stems from a conviction by former Taiwan President Chen Shui-Ben and his wife for bribery, embezzlement and money laundering.

Alleging that the apartment Continue reading