Tags: Drug Smuggling | Hezbollah

NY Prosecutor: Hezbollah Millions Laundered in US

Thursday, 15 Dec 2011 05:27 PM

NEW YORK (AP) — Federal authorities in New York have blamed Lebanese financial institutions for wiring more than $300 million into the United States in a money laundering scheme aimed at benefiting the militant group Hezbollah.

The U.S. government says in a lawsuit filed Thursday in Manhattan it seeks nearly a half-billion dollars in money laundering penalties from some Lebanese financial entities and 30 U.S. car buyers and a U.S. shipping company. It also says it's entitled to claim their assets as forfeitable under U.S. money laundering laws.

Prosecutors say the $300 million was used to buy used cars and ship them to West Africa in a money laundering scheme. They say Hezbollah money laundering channels were used to ship proceeds from the car sales and narcotics trafficking back to Lebanon.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Newsfront
NEW YORK (AP) — Federal authorities in New York have blamed Lebanese financial institutions for wiring more than $300 million into the United States in a money laundering scheme aimed at benefiting the militant group Hezbollah.The U.S. government says in a lawsuit filed...
Drug Smuggling,Hezbollah
130
2011-27-15
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved