Federal prosecutors in Boston cashed in big on a fugitive defendant’s $9 million bond by selling his mansion in Greenwich, Connecticut.
The mansion was owned by Iftikar Ahmed.
In 2015 federal law enforcement charged Ahmed with securities fraud.
To secure his pretrial release, Ahmed signed the $9 million bond secured by his Greenwich home.
Within less than a month, Ahmed allegedly fled the country and returned to India where he remains on the lam.
On July 15, 2025 the U.S. District Attorney’s Office put Ahmed’s mansion on the market.
Here we are, ten days later, and the house has already sold for $7.35 million.
What will the DA’s office do with all that cash?