Lebanese man who helped Hezbollah pleads guilty to evading U.S. sanctions




  • In US
  • 2018-12-07 00:04:13Z
  • By Reuters

WASHINGTON (Reuters) - A Lebanese businessman sanctioned by the U.S. Treasury for being an important financial supporter of Hezbollah pleaded guilty on Thursday to charges associated with evading U.S. sanctions imposed on him, the U.S. Justice Department said.

Kassim Tajideen, 63, pleaded guilty to conspiring with at least five other people to conduct more than $50 million in transactions with U.S. businesses in violation of the sanctions imposed on him, the department said in a statement.

If his plea agreement is approved by the U.S. District Court in Washington, Tajideen would serve five years in prison and pay a $50 million criminal forfeiture in advance of his sentencing, the department said.

"The Department of Justice has put a target on Hezbollah," acting Attorney General Matt Whitaker said in announcing the plea agreement. "We are going to keep targeting Hezbollah and other terrorist groups and their supporters, and we are going to keep winning."

Tajideen was listed as a "specially designated global terrorist" by the U.S. Treasury in May 2009 because of his financial assistance to Hezbollah, designated a foreign terrorist organization by the U.S. State Department.

Under the Treasury designation, Tajideen was prohibited from being involved in or benefiting from transactions involving U.S. citizens or companies without a special license from the Treasury.

Tajideen, who ran a multibillion global business empire that traded commodities in the Middle East and Africa, was arrested on March 12, 2017, in Morocco on an international arrest warrant and extradited to the United States.

In addition to circumventing the sanctions to conduct $50 million in business with U.S. companies, Tajideen and his co-conspirators engaged in transactions outside the United States that resulted in the transmission of as much as $1 billion through the U.S. financial system, the department said.

"This guilty plea demonstrates our commitment to vigorously investigate and prosecute violations of U.S. economic sanctions," U.S. Attorney Jessie Liu said in a statement.


(Reporting by David Alexander; Editing by Tom Brown)

COMMENTS

More Related News

Bitcoin Expert Eviscerates US Treasury
Bitcoin Expert Eviscerates US Treasury's 'Fascist' Crypto Blacklist

In a discussion about the US Treasury Department Office of Foreign Asset Control's addition of cryptocurrency addresses to the "no pay list," Bitcoin speaker and celebrity Andreas Antonopoulos called the move "completely useless" and "fundamentally fascist." US Treasury Blackballs Bitcoin, Petro Addresses Not just Iranian Bitcoin addresses have been added to OFAC's list, but several other blockchains as well, including the Petro. OFAC's database is not searchable by address, which led the Let's Talk Bitcoin host to suggest that it should somehow be fed into crypto nodes so that wallets can automatically warn users. Antonopoulos pointed out that a typical

IRS employee charged in leak of Trump attorney records
IRS employee charged in leak of Trump attorney records

SAN FRANCISCO (AP) - U.S. prosecutors have charged an IRS employee with leaking banking records of President Donald Trump's former personal lawyer Michael Cohen that flagged suspicious activity, the U.S. attorney's office in San Francisco said Thursday.

Citi in Talks With Treasury Over $1.1 Billion Maduro Gold Deal
Citi in Talks With Treasury Over $1.1 Billion Maduro Gold Deal

"The one thing, no banker, global or financial institution is going to do is run the risk of secondary sanctions," Rubio, who's been helping drive the U.S. push to oust Maduro, said in a telephone interview late Wednesday.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.