In its annual report, the Canadian Security Intelligence Service said terrorist financing is “often closely associated with other criminal activity.” It specifically cited extortion, stolen Luxury cars and kidnapping as examples.
Luxury auto theft is a crime that has long been associated with Hezbollah. Rick Dubin, vice-president of investigative service at the Insurance Bureau of Canada. Fraudsters will use fake credit information to lease and finance vehicles, he said. Once they take possession, the cars are quickly exported. “It’s easier than going and actually stealing the car,” Mr. Dubin said.
About 20,000 to 30,000 stolen cars are exported from Canada every year, according to the IBC. Most go to West Africa, where they are resold for up to double their value. But some also go to Lebanon. A police investigation called Project Globe identified hundreds of stolen Canadian vehicles that turned up in Lebanon, Mr. Dubin said.
U.S. blacklists Lebanese Canadian Bank for alleged ties to Hezbollah. Washington has blacklisted the Beirut-based Lebanese Canadian Bank, alleging it is a money-laundering front for a criminal network that is said to be moving hundreds of millions of dollars in drug money via stolen Luxury vehicles, including some of it to Hezbollah militants.
The criminal gang was using cocaine money to buy Luxury cars in the U.S., the vehicles were exported to West Africa, where they are resold for up to double their value, with the proceeds going back to Lebanon. The "dirty" money from the drug slaes is effectively "washed" by purchasing the Luxury cars for cash, no cash goes into any bank for crutiny by the Fed's, "The Cars Become The Cash" and when exported and resold for double what the gang paid, you make a 100% profit on your drug sales, nice deal.
The criminal gang in question is said to be "Drug Kingpin Ayman Joumaa and his Lebanon-based drug trafficking and money laundering network," They were themselves blacklisted by U.S. officials last month and its alleged that LBC is their preferred money-laundering vehicle, to the tune of up to $200-million a month.
This same, "dirty" money from the drug slaes is effectively "washed" by purchasing the Luxury cars for cash, no cash goes into any bank for crutiny by the Fed's, "The Cars Are The Cash" and when exported and resold for double what the gang paid, you make a 100% profit on your drug sales, program has been running in the Tampa Fl area since at least June of 2002.
TAMPA SUNNI & SHIITE USED CAR DEALERS LINKED TO THE SUPPORT OF TERRORISM, “THE CARS ARE THE CASH” AND THE FBI HAS KNOWN SINCE JUNE 2002.
“You’ve got twenty to thirty-thousand higher-end stolen vehicles leaving Canada every year and they are worth $50,000 each,” Richard Dubin, vice-president of investigative services of the Insurance Bureau of Canada, told CTV News.Recent history has demonstrated that there are few religious-ideological barriers in the world of international terrorism.
The secular Ba’athist regime in Syria works closely with Hizballah as a secular Ba’athist regime in Iraq has developed ties to al-Qaeda. It would be a mistake to assume that Islamist international terror groups are driven primarily by the religious associations with radical Sunni or radical Shiite Islam. These groups have their own geopolitical interests in bridging this great Islamic divide – particularly their antipathy for the United States and its allies.
There is a network of Iraqi used car dealers in Tampa Fl, with links to the Ba’athist regime in Iraq, buying used cars and C.D. cars from Coparts and shipping the vehicles to the Middle East from the Port of Tampa for resale with the proceeds going to support of terrorism.
Bill Warner Sarasota Private Investigator Sarasota Fl www.wbipi.com