NY court issues US$500,000 forfeiture order against Ed Ahmad

Edul Ahmad

Following a request from the US State’s Attorney Office, New York Judge Dora Irizarry has ordered Guyanese businessman Edul Ahmad to make all payments of a forfeiture money judgment to the tune of US$500,000 by certified or bank cheque.

Justice Irizarry made the order last Friday as this was part of the agreement Ahmad made with the state following his October 10, 2012 guilty plea to mortgage fraud conspiracy for which he is still awaiting sentencing.

In the order, seen by this newspaper, Judge Irizarry said that the money shall be paid not later than the date of the defendant’s sentencing which was