President Barack Obama once claimed he has the most transparent administration in history.
Apparently, he forgot to mention “money laundering.”
The Obama administration was just caught red handed, as $1.7 billion was transferred to the hostile Iranian regime through questionable European bank accounts. A member of the House Intelligence Committee is sounding the alarm.
This is what Obama was really up to with the Iranian nuclear deal. Outrageous!
A member of the House Intelligence Committee is accusing the Obama administration of laundering some $1.7 billion in U.S. taxpayer dollars to Iran through a complicated network that included the New York Federal Reserve and several European banks, according to conversations with sources and new information obtained by the lawmaker and viewed by the Washington Free Beacon.
New disclosures made by the Treasury Department to Rep. Mike Pompeo (R., Kan.), a House Intelligence Committee member, show that an initial $400 million cash payment to Iran was wired to the Federal Reserve Bank of New York (FRBNY) and then converted from U.S. dollars into Swiss francs and moved to an account at the Swiss National Bank, according to a copy of communication obtained exclusively by the Free Beacon.
Once the money was transferred to the Swiss Bank, the “FRBNY withdrew the funds from its account as Swiss franc banknotes and the U.S. Government physically transported them to Geneva” before personally overseeing the handover to an agent of Iran’s central bank, according to the documents.
These disclosures shine new light on how the Obama administration moved millions of dollars from U.S. accounts to European banks in order to facilitate three separate cash payments to Iran totaling $1.7 billion.
The latest information is adding fuel to accusations the Obama administration arranged the payment in this fashion to skirt U.S. sanctions laws and give Iran the money for the release of U.S. hostages, in what many have called a ransom.
Congress has been investigating the circumstances surrounding the payment for months and said the administration is blocking certain requests for more detailed information about the cash transaction with Iran.
Via Free Beacon
It’s clear this money was being treated as a ransom, since the Obama administration was doing everything possible to keep these transactions off the books.
Unfortunately for Obama, this entire scheme has been exposed to the taxpayers who funded this Iranian payoff.
Now, our tax dollars are going to fund terrorism around the world. Just what did Obama hope to accomplish here, anyway?
Members of Congress are sounding the alarm on what Iran will really use Obama’s ransom money for: