Beware of Financial Jihadist Claims in Post-Pandemic Market
posted by Christopher W. Holton The world economy and financial markets have been beset by an unprecedented collapse brought about by the Wuhan virus pandemic. In such environments charlatans and swindlers often move in to take advantage. One particularly risk for investors will be promoters of shariah-compliant finance. Shariah complaint finance is a form of […]
posted by Christopher W. Holton I must warn you before you read the linked story below from the New York Times: it may make you sick to your stomach. If true, the chain of stupid decisions and corruption, along with the web of political connections, paint a picture that is hard to believe. Why is […]
More Propaganda from the Shariah Finance Industry
posted by Christopher W. Holton Bloomberg, one of the biggest financial news conglomerates in the world, has published a story about a report out of Australia by Melbourne’s Deakin Business School, which essentially calls for all investors to consider Shariah Compliant Financial products as safe havens during times of crisis. This is a tired old, […]
posted by Christopher Holton A U.S. jury on Wednesday found a Turkish banker guilty of helping Iran evade U.S. sanctions, after a nearly four-week trial that has strained diplomatic relations between the United States and Turkey. Mehmet Hakan Atilla, an executive at Turkey’s majority state-owned Halkbank, was convicted on five of six counts he faced, […]
by Christopher W. Holton Linda Sarsour is a name that has become increasingly prominent in U.S. Leftist political circles over the past few years. As detailed by previous Center for Security Policy work, she has been carrying out the curious mission of tying the toxic doctrine of Shariah to the Western feminist movement. It turns […]
Malaysia has emerged over the past several years as the Asia-Pacific region’s capital of Shariah finance. That’s what makes the fact that its Prime Minister is up to his ears into a corruption probe of a huge state investment fund all the more troubling… Switzerland’s Office of the Attorney General on Friday said it had […]
Big Four auditors KPMG and PricewaterhouseCoopers can shield documents sought by an investment fund for sprawling litigation related to the fall of two powerful Saudi conglomerates in 2009, the Second Circuit ruled. The ruling deprives the New York-based firm Fortress Investment Group of ammunition it wanted for legal battles in England, Bahrain, the Cayman Islands […]
At least 32 Danish citizens have received about 378,000 kroner (US$57,000) in unemployment benefits …while they were ‘employed’ engaging in jihad, fighting alongside other Jihadists in Syria, government data shows. “STAR [Danish Labour Agency] has thus far received information pertaining to 32 people who, according to PET’s [Security and Intelligence Service] information, have gone abroad in […]
Scotland Yard says officers were investigating ‘large-scale fraud’ linked to UK Jihadists travelling to Syria. British Counter-terrorism police investigating fraud linked to extremists travelling to Syria have arrested six men and a woman. The six male suspects have been arrested for conspiracy to commit fraud and money-laundering, while the woman was held on suspicion of money-laundering […]
More than two dozen jihadists have collected unemployment benefits while fighting in Syria alongside terror organization Isis, the domestic intelligence agency PET revealed. Denmark paid unemployment benefits to 28 people while they were waging war for the Isis terrorist group in Syria, the Danish intelligence service was quoted as saying on Thursday. http://www.thelocal.dk/20141127/danish-syria-fighters-on-benefits-while-fighting-for-isis […]
Jihadists Continue to Use Welfare to Fund Terror
Taxpayers’ money is being claimed fraudulently and used by terrorists in countries such as Iraq and Syria, according to Terri Nicholson, from the UK’s Metropolitan Police’s counter-terrorism command unit… http://www.telegraph.co.uk/news/uknews/terrorism-in-the-uk/11256882/Jihadists-funded-by-welfare-benefits-senior-police-officer-warns.html
Ahmad Jebril, a Dearborn, Michigan-based Islamic cleric popular with Islamic State (IS) fighters, owes a quarter of a million dollars in restitution and other costs stemming from fraud convictions. Jebril is on probation after serving 6½ years in prison. After being released in 2012, he has used social media to become what experts say is the most […]
The most wanted fraudster – the one to have cost the taxpayer the most – is Hussain Asad Chohan, 44. Smuggler Chohan, is wanted after failing to appear in court for his part in an estimated £200 million fraud in April 2006. Among other offences, Chohan imported 2.25 tonnes of hand-rolling tobacco worth £750,000 in […]
The excellent Terror Finance blog recently published an article on a little known aspect of the jihadist terrorist organization Boko Haram’s financing structure. We’ve all received emails over the years trying to lure us into a scam involving Nigerian fraud. It turns out that those emails may be more than mere pranks and beyond emails, […]
Proselytizing Shariah Finance With Fraud in Uganda
The next country in the financial jihadists’ sites appears to be Uganda. Olive Kigongo, the President of the Uganda National Chamber of Commerce and Industry (UNCCI), has announced Uganda will host a seminar on Islamic Banking soon. “The difference between Islamic banking and the one more conventional banking we are used to, is that no interest […]
Kazakhstan’s state-controlled bank, BTA, has been implicated in a transfer allegedly made by the bank to the benefit of an unnamed terrorist group. Security watchers have started to recognise the diversification and long-distance integration of terrorist networks – in particular away from the Middle East. “For years, individuals and charities based in Saudi Arabia were the most […]
NEWARK, NJ—Ten individuals who allegedly participated in one of the largest credit card fraud schemes ever charged by the Justice Department now face a 25-count indictment charging additional crimes, New Jersey U.S. Attorney Paul J. Fishman announced. Nine of the defendants charged in the indictment unsealed today were previously charged by complaint in February 2013 […]
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