The feds want to evict fraudster Hassan Nemazee’s wife from their luxury Park Avenue apartment over mounting maintenance and mortgage bills that haven’t been paid since he was busted.
Prosecutor Michael Lockard said in court today that Nemazee, once a leading Democratic donor, is a year behind on co-op charges that cost $10,000 a month and a $42,000-a-quarter mortgage.
The debts are chipping away at the value of the swanky 770 Park Ave. pad, which would be sold to pay off victims of Nemazee’s $292 million bank fraud, Lockard said.
The crooked money manager agreed to forfeit his interest in the co-op under a plea deal that’s sending him to the slammer for 12 years, but wife Sheila Nemazee maintains that she came up with much of the money to buy the place in 1989.
Her lawyer, Lawrence McMichael, insisted there was no reason to rush a sale, saying a prospective purchaser offered $20 million in December, and that the price was likely to hold.
He also said the co-op board wasn’t raising a stink about the unpaid maintenance charges because “they feel sorry for Ms. Nemazee.”
McMichael said Sheila Nemazee wanted a trial over her rights to the apartment, along with a suburban estate in Katonah and two properties in Italy.
Manhattan federal Judge Sidney Stein ordered both sides to submit legal papers later this month.