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Terror Networks & Islam
Al-Qaeda hurting for cash
2005-11-17
A recent letter attributed by the United States to top al Qaeda official Ayman al-Zawahri is a fresh sign the militant network is facing financial troubles, a senior U.S. Treasury official said on Wednesday. "There's ... a passage in there where Zawahri says to Zarqawi: I'm out of money. Send me money. I don't have any money," said Stuart Levey, undersecretary for terrorism and financial intelligence, referring to Abu Musab al-Zarqawi, the leader of al Qaeda in Iraq.

"I'm a glass-half-full kind of guy, so I look at that as a good thing. Zawahri's out of money. Glass-half-empty people would say, well, he thinks Zarqawi has got so much money he's got it to spare," he said in a speech at the Heritage Foundation think tank.

U.S. intelligence officials released the purported letter from Zawahri to Zarqawi last month, but al Qaeda's wing in Iraq rejected it as a fabrication. The letter has Zawahri telling Zarqawi: "We need a payment while new (financial supply) lines are being opened. So, if you are capable of sending a payment of approximately one hundred thousand (dollars), we'll be very grateful to you."

U.S security officials have repeatedly said they are confident of the letter's authenticity, but some U.S. terrorism experts say its style and some of the content -- including the request for money -- made them concerned it might be a fake. Levey said while he could not reveal specifics, there was other anecdotal evidence that tough measures to curb terrorism funding had put the screws on al Qaeda as well as Palestinian militant group Hamas over the past few months. The undersecretary said in May that al Qaeda and Hamas were having difficulties collecting, transferring and storing funds. Hamas has told Reuters it has been hit hard by a drop in revenue following a Saudi crackdown on the abuse of charities and other avenues of financing. "Anecdotally what we're seeing is that we are having a real impact on al Qaeda and Hamas, both in terms of putting pressure on them financially but also in terms of creating deterrents both for donors to give money to them and how they're able to move money," Levey said in the Wednesday speech.
Posted by:Dan Darling

#10  Are these AQ bastards behind the phishing and Nigerian internet scams. Kill more, please.
Posted by: John Q. Citizen   2005-11-17 18:52  

#9  I'd wager Al Q's not going broke, its just not getting the charitable donations from SA like before. Al Q's now relying on its earned income strategies to support its operations. In such situations cash flow may be tight, but assets are still handy, just not liquid.

Old al Zawahiri's probably sleeping on a mountain of heroin, but isn't patient enough to wait for it to turn into liquid cash, now that being said, maybe the money is harder to move around, but I'm betting they are finding ways to do it.

EP
Posted by: ElvisHasLeftTheBuilding   2005-11-17 12:11  

#8  Well, this is good news, except for the fact that we still have Saudi princes as well as Iran providing resources for terrorism and murder. We still have financiers to flush down the commode to dry up the terrorism.
Posted by: Alaska Paul   2005-11-17 11:46  

#7  Sounds like a hand-mailed Nigerian scam to me. "Dear sir or Madamms, please to send me one hundred thuosand dolars while my suply lines are opended, and keep 10% as a token of my gratitude. May god bless yuo."
Posted by: BH   2005-11-17 10:07  

#6  How about a bake sale? But be careful with the TNT chip cookies.
Posted by: ed   2005-11-17 09:47  

#5  I hear ya, Z², though in your case it's the D&D benefits that are draining the coffers. Sucks to be you, methinks, lol.
Posted by: .com   2005-11-17 09:37  

#4  Friggin unions! Those pension plans are just killing us!
Posted by: Zawahri   2005-11-17 08:54  

#3  Hurting for cash? No problemo, just place a simple phone call to Euro-trash Left and the Soddy Arabian palaces, and the money will be flowing into Al-Qaeda's coffers in no time!
Posted by: The Happy Fliegerabwehrkanonen   2005-11-17 08:32  

#2  Al-Qaeda files for chapter 11
Posted by: Thromotle Angerong5379   2005-11-17 02:04  

#1  tell me about it!
Posted by: George Galloway   2005-11-17 00:28  

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