Sponsored Content
« Overnight Open Thread | Main | Here's an Open Thread for ya to feast on. [ArthurK] »
February 12, 2011

US Accuses Lebanese Bank of Money-Laundering Drug Money for Hezbollah

Like Sheriff Joe says, this is a big f'n' deal. (NYT link)

During a news conference on Thursday morning, Stuart A. Levey, a treasury under secretary, described an elaborate global clunkers-for-cash kind of scheme in which senior managers at the bank used its connections to financial institutions like exchange houses around the world to help launder money for Ayman Joumaa, whom the Treasury Department has declared a drug kingpin. Mr. Levey said Mr. Joumaa, whose assets in the United States were frozen last month by the department’s Office of Foreign Assets Control, moved shipments of cocaine from Colombia through West Africa to buyers in Europe.

The bulk cash from those sales was deposited into accounts at the Lebanese Canadian Bank, and then wired to used car dealers in the United States, who would buy vehicles and ship them to West Africa or other overseas destinations to be sold, the complaint said.

My ninja tipster tells me it's unusual to see the US so publickly link Hezbollah to drug trade. The DEA Special Agent in Charge asserts that drug money is filling the funding gap as money from terrorist state sponsors dries up.

Link to Notice of Finding.

Note the provision of the Patriot Act used to grant the Secretary "a range of options that can be adapted to target specific money laundering and terrorist financing concerns most effectively. These options give the Secretary the authority to bring additional pressure on those jurisdictions and institutions that pose money laundering threats".

Good thing House Democrats pitched a sore loser fit and refused to extend the law. Lucky for us we got Leon Panetta and CNN.

digg this
posted by Dave In Texas at 09:01 AM

| Access Comments

Recent Comments
TecumsehTea-not a resident troll: "Floridachick Hispanic protests in Fl over what? ..."

Diogenes: " I know we are all Trump indictment all day today ..."

Pudinhead: "Well, until the wife decides she's not happy anymo ..."

18-1: "[i]I mean, do other counties no longer care that C ..."

No One Of Consequence: "104 We hear your outrage and are prepared to act! ..."

davidt: "Is Bragg dumb enough to have done the indictment o ..."

m: "60 This selection seems a little insensitive for C ..."

Floridachick : "Praying by the radio host live in the Hispanic rad ..."

Ideals are great but usually dashed against the rocky shoals of reality : "Wife/woman and child, house and homeland. The th ..."

Lola - all 1/6 videos from Alexandra and Jade, too : ""It is possible that the image entered a private a ..."

m: "49 It looks like she's serenely watching CNN at th ..."

[/i][/b]andycanuck (Vwz3I)[/s][/u]: "Jack Posobiec @JackPosobiec · 10h The Unforg ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64