The best way to cripple terrorists is to keep them from having access to money through financial institutions, says Everett Stern, CEO of the intelligence firm Tactical Rabbit and a financial whistleblower.
"What's not being understood is that in order to stop terrorism is that you have to stop them at the bank, you have to cut off their money supply," Stern said on Newsmax TV
's "America's Forum" on Tuesday.
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The CEO of Tactical Rabbit uncovered a money laundering operation in 2011 at HSBC Bank that was giving the terrorist group Hezbollah access to millions of dollars. He was working at HSBC, specializing in Middle Eastern transactions at the time.
Stern said that terrorists access money this way because "funds are wired to fronts and then those fronts are then opening up bank accounts at banks like HSBC and then the money is being wired" to the terrorists.
"All big banks are involved in this in some fashion and the problem is that the Department of Justice just is not sending people to jail and is not prosecuting anybody.
"It's kind of like giving these banks a get-out-of-jail free card," he said.
According to Stern, Tactical Rabbit conducted an investigation into a rapidly growing U.S. organization called Students for Justice in Palestine and found that "they're being financed by our tax dollars."
He said that "all indications" show that the student group is "financing Hamas."
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