U.S. seizes $150 million liked to Hezbollah
Hezbollah leader Hassan Nasrallah
August 20th, 2012
05:16 PM ET

U.S. seizes $150 million liked to Hezbollah

Federal officials said Monday that they had seized $150 million as part of a crackdown on a money laundering scheme linked to the Lebanese militant group Hezbollah.

The seizure came following a complaint filed in December of last year alleging that the now-defunct Lebanese Canadian Bank laundered money for Hezbollah-controlled groups around the world. The U.S. State Department has designated Hezbollah as a terrorist organization.

U.S. officials say that between 2007 and 2011, Lebanese Canadian Bank and other financial institutions routed at least $329 million in proceeds from drug sales and other criminal activity to the U.S., where this money bought used cars that were later sold in West Africa. These proceeds were then funneled back to Lebanon via Hezbollah-controlled channels, the Drug Enforcement Administration said in a statement.

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Filed under: Hezbollah • Security Brief
soundoff (12 Responses)
  1. Jeff

    Ok can I just say that not all muslimsare terrorists it's the media that portrays Islam as evil many Muslims I've met are friendly average people that mind there own business let's say gun owners are all criminals is that correct no some are that's the same thing with islam

    August 22, 2012 at 1:32 pm | Reply
  2. Kittyg

    Not to worry....the Muslim in Chief....Obummer....will see that the monies are freed for his fellow terrorists!

    August 21, 2012 at 11:59 am | Reply
    • Mark1973

      Your an idiot. Seriously, learn to read. He is not a muslim and if he was who cares. NOT all muslims are terrorist. Just a small fraction of that group.

      August 21, 2012 at 1:27 pm | Reply
    • Sodomite

      Just how f*****g stupid are you, anyway?

      August 21, 2012 at 8:56 pm | Reply
  3. choppertrash

    Liked or linked? Can someone "like" hezbollah on facebook now?

    August 21, 2012 at 10:58 am | Reply
  4. Hahahahahahahahahahaha

    Do you suppose that's some of the pallet loads of money Bush lost in Iraq? Hahahahahahahahahahah

    August 20, 2012 at 10:12 pm | Reply
    • DJ

      Nope...... its the money Obama gave away during the great stimulus give away.

      August 21, 2012 at 8:39 am | Reply
      • Nabia

        806 Billion and counting – http://costofwar.com/

        August 21, 2012 at 9:06 am |
    • Nabia

      Yep part of the $806,269,553,097, we have already thrown into that sink hole. Thanks Bushie, I wonder how that could have helped our deficit? Hmmmmmmmm

      August 21, 2012 at 9:05 am | Reply
  5. Jake NAMASTEY

    BTW..... here is the new generation of successors to Al Qaeda.....

    TERRORIST GROUPS IN INDIA
    • RASHTRIYA SWAYAM SEWAK SHANG (R.S.S.)
    • VISHWA HINDU PARISHAD
    • HINDU MUNNANI
    • ARYA SAMAJ
    • SHIV SENA
    • BHARATIYA JANATA PARISHAD
    • SANT SAMITI
    • HINDU MAHASABHA
    • BAAJRANG DAL

    LEADERS: L.K. Advani/ Ashok Singhal/ Bala Saheb Devaras/ Bal Thackeray/ A.B. Vajpayee/ Savarkar/ Baikunnth Lal Sharma “Prem”/ Balraj Madhok/ The Shankaracharya of Puri, Niranjan Dev Theerth/ Rama Gopalan/ Variyar – Vishwan Hindu Parishad/ Dharmalinga Nadar/ Cho Ramaswamy

    August 20, 2012 at 6:57 pm | Reply
  6. jesse pinkman

    haha. "liked to hezbollah"

    is this really cnn?

    August 20, 2012 at 6:25 pm | Reply
  7. Hank

    Mumbai and Chennai in India are the illegal cricket gambling capitals of the world. Cash Flows from these operations are being siphoned off by the Indian government to finance terrorists globally, particularly in the region. This off balance sheet financing is being used by Indians to dodge the american financial radar. Pretty slick....hunh???

    August 20, 2012 at 5:43 pm | Reply

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