Man Arrested in Alleged Federal Reserve Bomb Plot

Quazi Mohammad Rezwanul Ahsan Nafis was arrested a few blocks from Ground Zero.
3:00 | 10/17/12

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Transcript for Man Arrested in Alleged Federal Reserve Bomb Plot
The fbi says this 21-year-old man from bangladesh is under arrest, accused of plotting to blow up this building, the one with the red roof. The federal reserve bank here in new york. The man did not know he was being tracked by an fbi sting and abc's dan harris has this developing story at this hour. Dan? Reporter: Diane, good evening. Police say this morning, the suspect parked a van that he thought was loadedith 1,000 pounds worth of explosives, in front of the building behind me, then walked several blocks away d made a cell phone call that he would set it all off. Prosecutors say the suspect -- a 21-year-old named quazi mohammad rezwanul ahsan nafis -- moved to america from bangladesh in january of this year, specifically to carry out a terror attack. They say when he got here, nafis started trying to recruit accomplices, claiming he had al qaeda connections, and justifying the killing of innocents by quoting "our beloved sheikh osama bin laden." Is what nafis did not know was that one of the people he contacted was an untsdercover fbi agent, who supplied him with 20 50-pound backs of what nafis believed to be explosives but were, in fact, fake. Over the course of months, nafis allegedly stored the material, bought a detonator and conducted surveillance on various sites in lower manhattan. This morning, nafis allegedly packed the explosives in a van, connected a detonator, parked it outside the federal reserve bank, where hundreds of people work. A symbol of capitalism in the middle of lower manhattan's crowded financial district and then walked over to the nearby millennium hotel, where he taped a video statement explaining his actions saying quote, "we will not stop until we attain victory or martyrdom." When he tried to detonate the bomb via his cell phone, he was arrested. If that had been a real bomb, it could have done massive, massive damage, perhaps killing or injures many, many people. While investigators say the public was never in danger during the course of this investigation, they argue that if they don't intervene early with people like nafis, they can get their hands on real weapons and do real damage. But what they have learned about this man beyond that, dan? Any connections overseas? Any evidence of it? Reporter: Despite his boasting of having connections, in court today, they said they do not believe he had any such connections and that his status as an internationaler the rest was quote, aspirational. Dan harris reporting.

This transcript has been automatically generated and may not be 100% accurate.

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