August 20, 2012

U.S. Seizes $150 Million in Alleged Hezbollah-Linked Cash


Iranian Quds Day demos, note Hezbollah flag


U.S. officials said Monday they seized $150 million connected to a scheme in which entities linked to Hezbollah allegedly used the U.S. financial system to launder money through West Africa and back to the group’s base of Lebanon.

The seizure stems from a civil lawsuit filed last year by federal prosecutors in Manhattan against defunct Lebanese Canadian Bank, or LCB, and two Lebanese exchange houses seeking more than $480 million in funds allegedly derived from drug trafficking and other criminal activity passing through the U.S. financial system.[More...]

Islamists making money off of drugs, sex and stuff to fund terrorism, who knew?


h/t @AmbShapiro

By Stable Hand at 08:07 PM | Comments |