NY Prosecutor: Hezbollah Millions Laundered in US

Thursday, 15 Dec 2011 05:27 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Rep. Ed Royce: Obama Had Chance to Drone ISIS in Iraq

Wednesday, 23 Jul 2014 23:20 PM

The Obama administration had a chance to hit the ISIS terrorist group in Iraq with drone strikes before they gained a st . . .

Defense Expert: Ukraine Can Win If US Provides Equipment It Wants

Wednesday, 23 Jul 2014 22:11 PM

The Russian-backed rebels in Ukraine could be defeated in as little as three weeks if the United States would supply the . . .

Jane Fonda: I'll Be Mad If Rupert Murdoch Acquires Time Warner

Wednesday, 23 Jul 2014 22:01 PM

Jane Fonda says she'll be "so angry" at federal regulators if they approve an acquisition of Time Warner by Rupert Murdo . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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