NYC bowling alley to return Arafat funds

MSNBC.Com - International News ^ | Updated: 11:33 a.m. ET Dec. 23, 2004 | The Associated Press

[F15Eagle]

NEW YORK - The owner of a popular bowling alley in Greenwich Village said Thursday his company is was severing ties with a group tied to the late Palestinian leader Yasser Arafat and is returning its $1.3 million investment.

Arafat invested the money in New York-based Strike Holdings, owner of Bowlmor Lanes, through a holding company he created called Onyx Funds, according to Bloomberg Markets Magazine.

“We are in the process of placing the funds in the amount they invested in escrow to be returned,” Strike Holdings founder Thomas Shannon told The Associated Press in a telephone interview.

“Effectively as of today the PCSC will have no investments in Strike Holdings,” he added. The PSCS is a Ramallah-based holding company owned by the Palestinian Authority

[F15Eagle]

Good news. Anyways, better to return it now than when the money seized under RICO for Arafat's terror organizations that killed Americans.

However, they said Yasser could keep his shoes. They couldn't get the smell out.

[randog]

8)

[F15Eagle]

LOL - Bowling With Yasser

[fuquadukie]

A better idea would be to 'tank' the Company deliberately, thereby rendering the investment worthless... prepackaged bankruptcy, consultants fees, bonuses, sale to another party at distress price... No way should they simply give it back. He**, I'll take a 'success fee' of $1.3M for suggesting this.

[F15Eagle]

well, if Yasser's got $799 million invested (as the earlier article stated) in various companies, the FBI was working on his group killing the Americans in Israel last year (IIRC). They could be declared RICO/Terrorist funds and a significant part seized.

[Squantos]

Do they have the clear bowling balls with Yassirs head in em ? (someone photoshop the garafalo cunning runt with the skullball in her hands please.....;o)

[Conservative Infidel]

Exactly. Don't give it back. What is the difference between "giving it back" and laundering the money. Either way it had a dirty start but goes back clean.

[Ben Hecks]

"They could be declared RICO/Terrorist funds and a significant part seized."

I suggested that on an earlier thread. We made a terrible mistake when we failed to bring that greasy goat humper to justice in the 70s. Unfortunately, after kissing Arafat's behind and giving him the Nobel Peace Prize, we pretty much gave up any option that held him accountable for his crimes.

[F15Eagle]

LOL

[F15Eagle]

the FBI was investigating the American's death over there, but I'd have fainted if Arafat had actually been extradited (not that he would have shown up).

[Barney59]

Too bad, I was hoping for a little Thursday night "Bowling for Bombers"

[Ciexyz]

This is disgusting, now we have to worry about patronizing an establishment funded by terrorist money.

[Barney59]

"This is disgusting, now we have to worry about patronizing an establishment funded by terrorist money"

You know, if you think about all the purchases Arafat's widow makes at the trendy shops around Paris, Fendi, Hermes, Channel, heck maybe even BonMarche and the local Charcuterie, they're all getting terrorist money, no?...

But then again, it's our money that the nut-jobs are giving them in the first place...

Oh well...