Posts Tagged ‘Hamas’

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Clandestine money news: recommended reading

October 9, 2014
  • Qatar is arming the revolutionary Islamist militia known as “Libya Dawn”… more>>
  • The international watchdog Financial Action Task Force finds that soccer and money laundering are a perfect match for each other… more>>
  • Arab Bank wasn’t the only financial institution funding Hamas.  Enter National Westminster Bank… more>>
  • How ISIS’s antiquities smuggling and the Islamic khums tax finance the blood-letting in Iraq and Syria… more>>
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Arab Bank liable in Hamas money case

October 6, 2014

Litigation can help bankrupt terrorist groups by discouraging banks from providing them with account services. While banks like HSBC have gotten a lot of attention for weak compliance programs, there are some banks—particularly Gulf-based and sharia banks—that have purposefully funded terrorist groups out of shared sympathies or backscratching arrangements with the ruling monarchies. Jordan’s Arab Bank is one of them. Note that in this case, as in almost every other high-fatality terrorist operation in the past 20 years, a Saudi front charity is involved.

From ACAMS MoneyLaundering.com:

By Colby Adams and Kira Zalan

In the first trial of its kind, a federal court said Monday that Arab Bank is liable for deaths caused by Hamas and a Saudi charity that used its accounts to reward terrorism.

A jury in the Eastern District of New York ruled in the decade-old case that the Amman-based financial institution should pay the families of individuals killed by Hamas in reparation for providing banking services to the group’s leaders and facilitating payments to relatives of suicide bombers.

Using Arab Bank accounts, the Saudi Committee in Support of the Intifada Al Quds offered the payments as a reward to the families of any Palestinian terrorist, regardless of group affiliation, according to the plaintiff’s attorneys, who said the program functioned with the financial institution’s consent…

Arab Bank will appeal.

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Terror payola news: recommended reading

October 2, 2014
  • 300 plaintiffs would have their health or loved ones back if it hadn’t been for Arab Bank and the money they handled for Hamas, a jury finds… more>>
  • Qatar gave $15 million to the institute that keeps a key U.S. negotiator for peace in the Middle East on its payroll.  The summary in Latin is quid pro quomore>>
    (h/t Europe News)
  • The smoke clears on the history of Hezbollah‘s cigarette smuggling in North Carolina with the publication of Lightning out of Lebanonmore>>
    (hat tip El Grillo)
  • The Israel-Gaza rocket war was triggered by a $61.5K contract killing of three Israeli teenagers ordered by Hamas… more>>
  • Treasury’s top authority on the subject says, “Qatar, a longtime U.S. ally, has for many years openly financed Hamas”… more>>
  • On Hamas’s recent bank robbery of $750,000 from the Bank of Palestine in Gaza City… more>>
    (h/t El Grillo)
  • Ukraine lists 172 Russian citizens & 65 Russian companies to be sanctioned “for financing terrorism”… more>>

 

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Money for terror: recommended news reading

September 18, 2014
  • Behind’s ISIS‘s ascendance were piles of money from Kuwait and Qatar… more>>
  • Three anthropologists have learned “that ISIS is indeed involved in the illicit antiquities trade,” justifying their looting on the traditional Islamic khums tax… more>>
  • The threat of cyber-theft by terrorists raises alarms about the federal backstop for insurance against terrorismmore>>
  • Aid and donations are diverted to fund Hamas‘s rockets… Diagram>>
  • Biting the hands that fed them:  “Islamic State’s Ultimate Goal: Saudi Arabia’s Oil Wells”… more>>
  • Hamas’s budget is between $500 million and $1 billion a year. Funds derive from Iran, Qatar, and Turkey, and from taxing Gazans… more>>
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Jebril—Hamas fan, insurance fraudster, ISIS hero

September 14, 2014

While raiding the home of Ahmad Jebril and his father Musa Abdallah Jebril on suspicions of fraud, the FBI agents discovered a poster for Hamas, firearms, and blank passports. The Jebrils were eventually convicted on 42 counts of fraud including money laundering and bank fraud charges. At their 2005 trial it was learned that the Jebrils owned several rental units, which they enjoyed trashing in order to submit false claims to their insurance carrier. Netting over $400,000 from their crimes, no clear accounting of how they spent their money or to whom they transferred it has come to light yet.

Insurance fraud has been documented in other cases as a revenue measure for organized crime syndicates.

Ahmad Jebril spent part of his prison sentence in a federal penitentiary in Indiana that, according to the Detroit Free Press, “has been called Guantanamo North because many of the prisoners are Muslims whom prosecutors have tried to link to terror cases.” Only positive influences from his cell mates, to be sure.

Since his release, Jebril’s popularity among terrorists and his debts for restitution have only grown. Thanks to those who sent this in from the Detroit Free Press on Aug. 21:

U.S.: Dearborn cleric popular with ISIS fighters owes $250K for fraud

A cleric in Dearborn popular with supporters of the militant group ISIS owes a quarter of a million dollars in restitution and other costs stemming from his fraud convictions, according to newly filed court records.

Ahmad Jebril, 43, who has gained an international following among ISIS fighters and sympathizers, is on probation after serving 6½ years in prison. After being released in 2012, he has used social media to become what experts say is the most popular religious leader for Islamists from the West fighting for ISIS, also known as ISIL or the Islamic State…

Federal authorities in Detroit are trying to collect more than $250,000 in restitution from Jebril and more than $3,600 in special assessments for 42 counts of fraud. So far, Jebril has paid only $2,790, according to a motion filed Aug. 11 by the U.S. Attorney’s office in Detroit. On Aug. 12, U.S. District Judge Gerald Rosen approved the government’s motion, which calls for “actions necessary to enforce the collection of the restitution.”

In the motion, federal prosecutors wrote that a probation officer said she has “financial information about (Jebril) that would be helpful” to set up an “appropriate repayment schedule.” Jebril’s liability for restitution expires 20 years after his release from prison, which means he would have to pay more than $1,000 a month to pay his amount in full, which he is currently not meeting, said prosecutors.

Jebril and his attorney did not returns calls or an e-mail seeking comment. He was to appear for a deposition in the case on Aug. 13.

The government’s move to collect money from Jebril comes after Rosen placed restrictions on the Dearborn cleric in June because of his probation violations. Jebril was traveling out of state to speak at Islamic centers, but now is not allowed to leave the eastern half of Michigan and must share information about his computer activity to his probation officers if asked. The restrictions came after a Free Press report in May that noted his extensive activities online.

The Centre for the Study of Radicalisation and Political Violence released a report in April that said Jebril was the most popular inspirational figure for Western fighters flocking to the Middle East to join ISIS…

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Terror finance frontal assault: recommended news reading

September 7, 2014
  • The Turkish Islamic front charity behind the illegal Gaza flotilla has just inked a pact with Qatar. What could go wrong?  More>>
  • After Egypt shut down Sinai smuggling tunnels, Hamas became desperate for cash. So it launched its rocket war against Israel with a global shakedown in mind… more>>
  • How Arab Bank transferred millions of dollars from Middle East “charities” to Hamas’s “martyrs”… more>>
  • Poorly informed Pentagon spokesman is concerned about Qatar’s support for terrorism only “if the reports are true”…more>>
  • ISIS poses an economic threat to the U.S….more>>
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Money Jihad blog benefits from celebrity tweets

August 16, 2014

We were quite surprised when comedian and actress Roseanne Barr recently tweeted out a link to a Money Jihad blog post from last year about Hamas’s involvement in organ trafficking to her quarter-million followers on Twitter:

Tweet by Roseanne Barr to Money Jihad post

But the 17 retweets and 10 favorites to Roseanne’s tweet didn’t drive quite as much traffic as the 55 retweets and 127 favorites for a droll tweet earlier this month by television actor David Boreanaz to his 600,000 Twitter fans:  “Number 4: http://moneyjihad.wordpress.com/2011/08/29/the-worlds-5-richest-terrorist-groups/,” corresponding to Hamas’s place among the world’s five richest terrorist groups as ranked by Money Jihad:

Angel from Buffy tweets link to Money Jihad post

But oftentimes the Hollywood tweeps can’t compete with subject matter experts with large followings on Twitter. Canadian commentator Tarek Fatah, author of The Jew is Not My Enemy and several other books, routinely attracts multiple retweets, as he did with this 2013 tweet about Money Jihad’s profile of one of Jamaat-e-Islami’s Saudi financiers:

One of Tarek Fatah's links to Money Jihad

That level of influence is tough to match on our own. But with over 4,500 followers on Twitter, @moneyjihad chirps out some popular tweets linking back to the blog, like this one in May about the Canadian Islamic charity IRFAN’s financing of Hamas:

Money Jihad Twitter referral

Twitter, in addition to being a very fun way of gathering news and engaging with people about terrorist financing, has been a very effective method of drawing attention to the blog.

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