Hezbollah Laundered Money With Used Car Sales, U.S. Says
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Lebanese Canadian Bank and two Lebanese exchange houses helped launder more than $480 million for the Hezbollah terrorist group in a scheme that involved buying and selling used cars, the U.S. said in a civil complaint.
Federal prosecutors filed a lawsuit in Manhattan today claiming the defendants took money from Lebanon to buy used cars in the U.S. and sell them in West Africa. Money from the car sales and from drug trafficking was funneled through Hezbollah-linked money laundering channels back to Lebanon, according to the complaint.