{
  "id": 13225056,
  "title": "Queens home bought for $850,000 heads to federal auction from $900,000",
  "url": "https://urgent.news/2026/10/09/queens-home-bought-for-850-000-heads-to-federal-auction-from-900-000",
  "topic": "world",
  "section": "World",
  "published": "2026-10-09T21:25:00.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/world/us/in-2003-two-brothers-bought-a-queens-home-for-850000-after-racketeering-convictions-and-years-of-forfeiture-litigation-the-property-is-heading-to-a-federal-auction-with-bidding-starting-at-900000/articleshow/134790822.cms"
  },
  "original_language": "en",
  "account": "In 2003, two brothers, Eduard and Arkadiy Bangiyev, purchased a five-bedroom house in Forest Hills, Queens, for $850,000. This property, built in 1930, has since become entangled in a federal forfeiture proceeding. The Bangiyev brothers were convicted in a major counterfeiting case involving the production and distribution of counterfeit US currency. The house, which sits on a 5,000-square-foot lot, underwent forfeiture proceedings as authorities pursued the brothers' involvement in a racketeering conspiracy. Despite being purchased over two decades ago, the property is now set to be sold in a federal auction on October 23, with bidding starting at $900,000, only $50,000 above the original purchase price.",
  "summary": "A Forest Hills property, once owned by two brothers found guilty of counterfeiting, is set to go up for federal auction soon. Originally bought for $850,000 in 2003, the auction will commence at $900,000. Years of legal challenges have clouded its sale following their convictions. Scheduled public inspections will occur ahead of the auction on October 23, shedding light on the property's…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}