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Tracking Saddam's secret wealth
Star Ledger ^

Posted on 04/06/2003 5:23:29 AM PDT by Sub-Driver

Edited on 07/06/2004 6:38:44 PM PDT by Jim Robinson. [history]

WASHINGTON -- It has been dubbed "Saddam Inc.," a mysterious, multibillion-dollar empire that is said to have allowed Saddam Hussein and his sons to methodically stash away stolen riches in secret bank accounts around the globe.

Now, as the American military moves closer to toppling Saddam's regime in Baghdad, U.S. Treasury officials and intelligence agencies say they are scoring new successes in their effort to unravel and seize Saddam's hidden wealth.


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


TOPICS: Foreign Affairs; Front Page News; Government; News/Current Events
KEYWORDS: assets; bloodmoney; iraqiassets; iraqifreedom; kickbacks; moneytrail; oilforfood; patriotact; saddamhussein; saddaminc; smuggling; treasury

1 posted on 04/06/2003 5:23:29 AM PDT by Sub-Driver
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To: Sub-Driver
Ok, this turd is super rich, why can't these funds be seized and used to rebuild Iraq instead of the American taxpayer footing the bill?
2 posted on 04/06/2003 5:31:43 AM PDT by llabhgiH
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To: llabhgiH
I believe that is the plan.
3 posted on 04/06/2003 5:52:23 AM PDT by hoosiermama (Prayers for all)
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To: llabhgiH
"He sees himself as the embodiment of Iraq," said Long. "This is more than someone who is selfish. He sees the country as an extension of his ego and believes he is entitled to what he takes."

Kind of sounds what the Clintons were trying to achieve.

4 posted on 04/06/2003 6:03:42 AM PDT by GatĂșn(CraigIsaMangoTreeLawyer)
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To: hoosiermama
Before the War I read an account that Sadaam had at least two billion salted away. For this reason I believed Sadaam would run into exile before a war started ... why else keep such a large stash?

Another reason why I believe Sadaam is either dead, or being held together with duct tape.
5 posted on 04/06/2003 7:08:56 AM PDT by AngrySpud
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To: GatĂșn(CraigIsaMangoTreeLawyer)
.....Kind of sounds what the Clintons were trying to achieve....

Achieved. It is a fait accompli.

6 posted on 04/06/2003 10:09:34 AM PDT by bert (Don't Panic !)
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