NYC Home with Ties to $70M Counterfeiting Ring Hits Auction Block

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A sprawling Forest Hills home tied to two brothers who helped finance a massive international counterfeit-money operation is hitting the auction block — with Uncle Sam opening the bidding at $900,000 — just $50,000 more than they paid for it more than two decades ago.

The five-bedroom Colonial at 110-37 69th Ave. will be sold in an online federal auction on Oct. 23, according to the US Treasury Department, more than a decade after brothers Eduard and Arkadiy Bangiyev were arrested in a sprawling racketeering case involving tens of millions of dollars in fake US currency.