🇺🇸🇱🇧 U.S. blacklists more of Hezbollah's bank network
The Treasury has hit another layer of Al-Qard al-Hassan, the senior officials and front companies that keep Hezbollah's money moving.
It is licensed in Lebanon as a charity but runs like a full bank for the group, taking deposits, making loans, and pushing cash through the system.
The part most people miss: this is not a new name on the blacklist. The U.S. designated the foundation back in 2007, so Washington keeps peeling off the people who let it function.
Nearly 20 years on the terror list and the money still flows, which says everything about how deep Hezbollah sits inside Lebanon's economy.
Source: Al Jazeera / Writer: Daniyal
What we learned today. If you are in the right club and donate to the right people, you can steal and/or squander over $8 billion and be applauded for it.
Twitter experienced slight degradation of service today from an old 3rd party tool used to block accounts that had no rate limit (sigh). Should be fixed now.
🚨SBF now states he will be going to the New York Times Dealbook Summit in NYC next Wednesday.
Is this reality?? Surely his lawyers won’t let him do this? Is the NYT going to actually still giving him this platform, next to US Sec Yellen, Larry Fink, and other huge names?
🚨"Obviously SBF committed massive fraud and had zero ability to manage the company"
"I believe the $600m hack was SBF putting money in his pocket & to use it to get out of a life sentence. This is pure speculation on my part"
- Reeve Collins, Tether co-founder, LIVE ON STAGE