By rssfeeds-admin WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on WWLP.com.
BOSTON, Mass. (WWLP) – The US Attorney’s Office for Massachusetts enforced the appearance bond of a fugitive by selling his Connecticut mansion for $7.35 million.
In a news release sent to 22News on Friday from the Department of Justice, Iftikar Ahmed of Greenwich, Connecticut, was arrested in April 2015 in connection with a million-dollar insider trading scheme. He was charged with securities fraud after being tipped off about the acquisition of Cooper Tire & Rubber Company by India-based Apollo Tyre.
Ahmed was released from pre-trial custody after he and his wife signed a $9 million appearance bond secured by their Greenwich home. The Justice Department said that in May 2015 Ahmed violated his conditions of release by going to India and has remained at large ever since.
“There are serious consequences for evading justice,” said U.S. Attorney Foley. “An appearance bond is not simply a procedural formality; its purpose is to deter defendants from violating conditions of their release and ensure they appear in court to face their charges. Those who contemplate fleeing should know that my office will doggedly seek to find them and enforce their bond obligations.”
A final judgement was made in September 2018, ordering Iftikar Ahmed to pay $41.9 million in disgorgement, $1.5 million in interest, and a $21 million civil penalty, and turn over interest and returns on frozen assets.
In May 2019, the government commenced proceedings to enforce Ahmed’s appearance bond for his Greenwich home. According to a court order, the U.S. Attorney’s Office listed the property for sale, and on July 15, 2025, the house sold for $7.35 million.
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