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ISIS just stole $425 million, Iraqi governor says, and became the ‘world’s richest terrorist group’
The Washington Post ^ | June 12, 2014 | Terrence McCoy

Posted on 06/12/2014 9:08:49 PM PDT by MinorityRepublican

Of the many stunning revelations to emerge out of the wreckage of Mosul on Wednesday — 500,000 fleeing residents, thousands of freed prisoners, unconfirmed reports of “mass beheadings” — the one that may have the most lasting impact as Iraq descends into a possible civil war is that the Islamic State of Iraq and Syria just got extremely rich.

As insurgents rolled past the largest city in northern Iraq, an oil hub at the vital intersection of Syria, Iraq and Turkey, and into Tikrit, several gunmen stopped at Mosul’s central bank. An incredible amount of cash was reportedly on hand, and the group made off with 500 billion Iraqi dinars — $425 million.

The provincial governor of Nineveh, Atheel al-Nujaifi, said that the radical Islamists had lifted additional millions from numerous banks across Mosul, as well as a “large quantity of gold bullion,” according to the International Business Times, which called ISIS the “World’s Richest Terror Force.”

The declaration isn’t an easy one to fact-check. Not only is the definition of “terrorist” nebulous — are murderous but wealthy Mexican cartels terrorists? — it’s also exceedingly difficult to quantify a terrorist organization’s finances. One of the closest stabs anyone has made comes from the well-versed Money Jihad.

According to its analysis, which drew on journalistic and academic accounts, the cash seizure would make ISIS the richest terrorist organization in the world — at least for the time being.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: News/Current Events
KEYWORDS:

1 posted on 06/12/2014 9:08:49 PM PDT by MinorityRepublican
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To: MinorityRepublican
Thus is the World in 2014: we read “mass beheadings” and just keep on reading.
2 posted on 06/12/2014 9:13:08 PM PDT by demshateGod (The fool hath said in his heart, There is no God.)
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To: MinorityRepublican

It surely seems as though the apocalypse is underway.


3 posted on 06/12/2014 9:14:02 PM PDT by jtal (Runnin' a World in Need with White Folks' Greed - since 1492)
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To: jtal

Obama’s Arab Spring.


4 posted on 06/12/2014 9:15:40 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: demshateGod

he Religion of Peace and beheadings go together like peanut butter and jelly.


5 posted on 06/12/2014 9:15:52 PM PDT by uncitizen
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To: MinorityRepublican

Everything is proceeding according to plan


6 posted on 06/12/2014 9:16:28 PM PDT by IncPen (None of this would be happening if John Boehner were alive...)
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To: MinorityRepublican

Wonder how long it will be before Iraqi dinars are worthless.


7 posted on 06/12/2014 9:17:24 PM PDT by Argus
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To: MinorityRepublican

Nuke them


8 posted on 06/12/2014 9:23:23 PM PDT by LeoWindhorse
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To: demshateGod

“Not only is the definition of “terrorist” nebulous — are murderous but wealthy Mexican cartels terrorists? — it’s also exceedingly difficult to quantify a terrorist organization’s finances.”

What is this guy trying to say? Do we have an issue defining terrorist these days?


9 posted on 06/12/2014 9:23:43 PM PDT by AllAmericanGirl44
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To: LeoWindhorse

only an overthrow of this regime and the temporary control of power and policy by patriot members of our military , resulting in a comprehensive re-engagement of the Global war on Islamist Terrorists , bringing about their massive destruction and defeat , will save the future of the world at this point . Anything short of this and we have had it .
Yes that’s an extreme step but there have never been times like these , or people like these that think they control power . It all has to change and right away or we are all goners .


10 posted on 06/12/2014 9:26:55 PM PDT by LeoWindhorse
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To: MinorityRepublican

With all that money around, they can start thinking of bribing congress critters.


11 posted on 06/12/2014 9:27:13 PM PDT by 353FMG
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To: MinorityRepublican

My bank surely does not have hardly any cash on hand.

I almost had to ask ahead for $2200 for a car purchase.


12 posted on 06/12/2014 9:30:32 PM PDT by Scrambler Bob (You can count my felonies by looking at my FR replies.)
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To: jtal

Why do you say that?

The folks in Hitler’s concentration camps had it much worse some 70 years ago and the world is still here.

We won’t get off so easily.


13 posted on 06/12/2014 9:30:54 PM PDT by 353FMG
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To: MinorityRepublican

And somewhere in the White House, Obama is giving this terror group a big Thumbs Up


14 posted on 06/12/2014 9:31:39 PM PDT by Sarah Barracuda
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To: 353FMG

orthodox Christianity is under assault on all fronts.


15 posted on 06/12/2014 9:41:01 PM PDT by jtal (Runnin' a World in Need with White Folks' Greed - since 1492)
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To: jtal

They must have watched Kelly’s heros movie with Clint Eastwood.


16 posted on 06/12/2014 9:58:30 PM PDT by scooby321
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To: AllAmericanGirl44; no-to-illegals; Marine_Uncle; All

Yes, they got a big chunk of money, but the real wealth is the oil in Mosul and Tikrit. Will they be able to sell it without control of the right pipelines and transport?


17 posted on 06/12/2014 10:17:28 PM PDT by gleeaikin
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To: gleeaikin

They also got a lot of U.S. military equipment:

http://www.news.com.au/world/iraqi-sunni-insurgents-seize-huge-cache-of-usmade-arms-and-equipment/story-fndir2ev-1226952811362

It makes me sick.


18 posted on 06/12/2014 10:26:37 PM PDT by KittyKares (.)
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To: Scrambler Bob
My bank surely does not have hardly any cash on hand.

I almost had to ask ahead for $2200 for a car purchase.

Shortly before US forces arrived in Baghdad in 2003, Saddam reportedly withdrew ~$1b in cash from the Iraqi Central Bank:

People who live near the Central Bank told CNN that they saw three or four trucks backed up to the bank then and that people appeared to be loading money onto the trucks.

Large amounts of money have been found in the aftermath of the war, including the discovery of $650 million at one of Saddam's palaces. It is not clear, however, whether any of that money was from the Central Bank.


19 posted on 06/12/2014 10:39:11 PM PDT by cynwoody
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To: MinorityRepublican
Death to the Shia!
20 posted on 06/12/2014 10:45:24 PM PDT by Domangart (Tho I walk Through the valley of Wal-Mart, I fear no man.)
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To: Argus
Wonder how long it will be before Iraqi dinars are worthless.

That is what I was wondering. Can the government simply cancel the currency, or would that cause a bunch of other problems?

21 posted on 06/12/2014 10:53:48 PM PDT by Mark17 (Chicago Blackhawks: Stanley Cup champions 2010, 2013. Vietnam Vet 70-71 Msgt US Air Force, retired)
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To: gleeaikin
Will they be able to sell it without control of the right pipelines and transport?

Don't know Gleeaikin. My best guess is they are setting charges on the rigs and pipelines for scorched earth if made to retreat but I am maybe all wet on this guess. Someone may have another better guess than mine.

22 posted on 06/12/2014 11:08:52 PM PDT by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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To: LeoWindhorse; Pride in the USA; Stillwaters
Nuke them

It's probably the only way, but it won't happen...except maybe to us.

23 posted on 06/12/2014 11:15:05 PM PDT by lonevoice (Life is short. Make fun of it.)
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To: lonevoice

we need genuine military leadership , led by military .

enough of these utterly clueless and feckless civilians


24 posted on 06/12/2014 11:17:56 PM PDT by LeoWindhorse
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To: Mark17

It would certainly cause some short-term problems, but I think it be better off in the long run.

I remember reading about these German bank robbers who made off with about $10 million Germen dollars, or whatever the German currency is called. They refused to disclose where they hid it because they knew once they got out they’d be relatively well-off men for the rest of their days. So they pled guilty and accepted their sentences.

While they were serving their sentence, the German government changed its currency and gave the population about a year to take their money to the bank for the new currency, after which time the old currency would become worthless pieces of paper.

The robbers, for their trouble ended up with nothing in the end.


25 posted on 06/13/2014 1:48:58 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: Mark17
Can the government simply cancel the currency, or would that cause a bunch of other problems?


26 posted on 06/13/2014 2:22:31 AM PDT by Greysard
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To: MinorityRepublican

Not to mention that Jarrett and Hussein are funding terrorists with our tax dollars.


27 posted on 06/13/2014 2:27:44 AM PDT by Old Yeller (Anything is possible, if you don't know what you're talking about.)
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To: All

I have a bad feeling about this...


28 posted on 06/13/2014 2:30:13 AM PDT by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: MinorityRepublican

If its any consolation, those Iraqi dinars are about to become worthless.


29 posted on 06/13/2014 5:42:51 AM PDT by Pearls Before Swine
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To: Scrambler Bob
...cash on hand....

It sure is something that all of that money was there, not adequately guarded, and the ISIS folks knew where to find it. Inside job?

30 posted on 06/13/2014 5:49:59 AM PDT by grania
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To: demshateGod
Obviously Isis did not get Obama’s Video Memo from Wednesday:

“The world is less violent than it has ever been.......
http://www.realclearpolitics.com/video/2014/06/11/obama_the_world_is_less_violent_than_it_has_ever_been.html

Also, congrats to Obama for releasing Abu Bakr al-Baghdadi from Camp Bucca in 2009.

http://www.thegatewaypundit.com/2014/06/isis-terror-leader-abu-bakr-al-baghdadi-was-released-by-obama-from-camp-bucca-in-2009/

Congrats to America for reelecting this EPIC FAILURE!

31 posted on 06/13/2014 5:52:41 AM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: MinorityRepublican
Blah, blah, blah. Pure misleading US media lies. Obama gave Al Qaeda more than that in free weapons.

$425M is about two tankers full of crude and the Saudis fund terrorists at a much higher rate than that!

32 posted on 06/13/2014 5:57:57 AM PDT by Ex-Pat in Mex
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To: gleeaikin
RE: "Will they be able to sell it without control of the right pipelines and transport?"

You make a very good point. To which I do not have a firm answer to. This whole gambit may yet backfire on the ISIS (ISIL).
33 posted on 06/13/2014 10:36:38 AM PDT by Marine_Uncle (Galt level is not far away......)
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To: LeoWindhorse
I think many Americans will wait until the blade is cutting their heads off before
they realize that it's to late. I'm Not metaphorically speaking either.
34 posted on 06/13/2014 10:43:06 AM PDT by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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