Monday, April 03, 2006

NYC DA shuts down massive terrorist finance ring

New York City District Attorney Robert Morgenthau has closed off a terror-finance rathole that laundered over $3 billion in profits from drug deals and other crimes through a major New York bank to Middle East terrorists..using accounts in the Palestinian Authority, among other Middle East locations.New York Post Online Edition: news

DA Morgenthau is pursuing a multi-million dollar settlement against what's described as one of the largest and most prominent banks in New York..which Morganthau refused to identify at this time.

The way the scam worked is that money originating in South America's notorious "tri-border region" were rerouted to the New York bank by a shadowy company in Montevideo, Uruguay. The illegal cash then went to bank accounts in the Middle East locations including Riyadh, Saudi Arabia, Beirut, Lebanon, and Ramallah in the Palestinian territories and then was traced to accounts controlled by Hamas, al Qaeda and Hezbollah.

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