Greenwich mansion owned by disgraced venture capitalist sold by U.S. authorities

A Greenwich, CT mansion, located on North Street near Lindsay Drive that was seized by U.S. authorities in November 2024, was sold July 15, 2025, for $7.35 million. It was the home of Iftikar (Ifty) Ahmed, a former partner of CT-headquartered Oak Investment Partners, a venture firm managed by Anne Lamont, CT Governor Ned Lamont's wife.

Mr. Ahmed was convicted for stealing $65 million from Oak Investment Partners. Over the period from 2004 to 2015, using doctored deal documents, phony exchange rates and fake invoices, Mr. Ahmed directed multiple Oak investments into secret accounts that he controlled. Regulators were initially tipped off when he was caught for insider trading. In 2015, after being charged with fraud and insider trading, Mr. Ahmed fled to India.

In one of his final deals in 2014, Mr. Ahmed led the Oak investment in stablecoin issuer Circle, in which Oak invested around $30 million. Circle went public in June 2025 at a valuation of $8 billion and is now worth $50 billion. In addition to Circle, Ahmed's deals included Airespace (acquired by Cisco), GMarket (acquired by eBay) and Kayak (acquired by Priceline).

Between the Lines: As Axios reported, "He was a good venture capitalist, albeit a corrupt one".

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