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US seizes $150m 'linked to Hezbollah money-laundering'
BBC News ^ | 8/20/12 | BBC

Posted on 08/20/2012 7:37:56 PM PDT by NormsRevenge

The US authorities say they have seized $150m (£95m) from a bank allegedly linked to a money-laundering scheme of the Lebanese militant group Hezbollah.

Last year, US officials accused the Lebanese Canadian Bank (LCB) of helping the group launder profits from drug trafficking and other crimes.

The funds were allegedly used to ship cars from the US to West Africa, with the proceeds smuggled back to Lebanon.

The US classifies Hezbollah as a terrorist organisation.

"As we alleged last year, the Lebanese Canadian Bank played a key role in facilitating money laundering for Hezbollah-controlled organisations across the globe," the head of the Drug Enforcement Administration (DEA), Michele Leonhart, was quoted saying on Monday by the AFP news agency.

In December 2011, US prosecutors filed a lawsuit alleging that the LCB and two other firms used $300m (£193m) in drug-trafficking and criminal proceeds from Lebanon to buy used cars in the US and sell them in West Africa.

Money from the sale of the cars, along with the proceeds of Colombian and Mexican cartels, was then funnelled to Lebanon through Hezbollah-controlled money-laundering channels, according to the US Attorney's Office.

(Excerpt) Read more at ...

TOPICS: Crime/Corruption; Foreign Affairs; Front Page News; Government; Israel; War on Terror
KEYWORDS: colombia; drugs; hezbollah; hizbollah; hizbullah; iran; israel; lebanon; linked; mexico; moneylaundering; syria; waronterror

1 posted on 08/20/2012 7:37:58 PM PDT by NormsRevenge
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To: NormsRevenge

Take ALL the Money and give it to Netanyahu

2 posted on 08/20/2012 7:40:58 PM PDT by LtKerst
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What a country! We welcome our enemies (well, the State Department does..) to come here and raise families and prosper and this is what we get! How dumb can we be? (ask me that November 7th.) ;-}
3 posted on 08/20/2012 7:41:12 PM PDT by NormsRevenge (Semper Fi)
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To: NormsRevenge

This kind of money laundering must NOT be tolerated!

Now that it’s been seized, it can be put to better uses.

That is, by laundering this money instead now into badly starving DNC coffers.

4 posted on 08/20/2012 7:42:32 PM PDT by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks NormsRevenge.

5 posted on 08/20/2012 7:46:56 PM PDT by SunkenCiv (
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To: NormsRevenge

A drop in the bucket compared to all the money we’ve given the Egyptians and Palestinians.

6 posted on 08/20/2012 11:23:58 PM PDT by MasterGunner01 (11)
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To: spectre; truthkeeper; processing please hold; antceecee; navymom1; jaredt112; Edgerunner; ...

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7 posted on 08/21/2012 3:57:55 AM PDT by bcsco (Bourbon gets better with age...I age better with Bourbon.)
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