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US jury: Arab Bank liable for Hamas terror attacks
Associated Press
Published: 23.09.14, 00:42
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7 Talkbacks for this article
1. Landmark ruling!
Sarah B ,   U.S.A. / Israel   (09.23.14)
This won't be reversed -- not by the Second Circuit -- and the U.S. Supreme Court will either take the case to uphold and reinforce, or it will leave it stare decisis. All banks who launder money for terrorist organizations and who hold accounts in the name of phony foundations and equally phony corporations -- YOU ARE NOW ON NOTICE. You can no longer do it if you wish to have a banking presence in the United States, or if you use SWIFT or other international means of issuing and accepting bank wire transfers. Best part? It really has nothing to do with the fact that Jews are suing an Arab Bank, and everything to do with the fact that the United States is really monitoring cross-border bank business and criminally culpable behavior by those banks. Hallelujah -- Happy day indeed!
2. Hams Terror Funding
A Nice Fellow   (09.23.14)
Look for Obama to file an Amicus Brief in support of the bank: let's not prosecute but talk to these guys and understand where they are coming from. Kumbayah!
3. joseph fox
(09.23.14)
and they will loose their appeal as well. idiot!
4. an EARTH SHAKING VERDICT
Larry ,   LA (formerly)   (09.23.14)
This is truly an earth shaking verdict, a precedent that will have many implications and outcomes in the years to come (unless of course it is over turned by a higher court)!
5. Now Comes the Hard Stuff
Mark ben Josef ,   USA   (09.23.14)
Now the appeals start, right after the jury award. And if they win on appeal, how will the plaintiffs run a bank in Jordan - especially if all the depositors remove their funds to some other bank? Check in in a decade or two after all the appeals are exhausted. Winning a jury finding is the simple part in any lawsuit against any corporation.
6. Landmark case
Sarah B ,   U.S.A. / Israel   (09.23.14)
Landmark victory over terrorism, and those that support it -- especially the banks. That's what the prosecutors were after, you know. Banks that foster terrorism in innocuous ways. Of course the bank knew that it was financing terrorism and terrorists. The evidence was prima facie and overwhelming. You know, the United States Department of Justice is going after all manner of banks -- whatever the guise. Tearing the Swiss banking system apart under the guise of investigating cross-border banking for purposes of evading taxes. That's the surface reason. But it is not the real reason. The United States is going after the people, the phony "foundations" and the organizations that actively support terrorism. UBS and Credit Suisse were the first. But no one feels sorry for a Swiss bank -- they've been the bankers for Nazis for a great long while -- hard to explain how a bank could accept tons and tons of wedding bands and dental gold with nary a question. But they did, and the United States is in the process of destroying them for that. But I digress. Arab Bank is going to be torn apart by very savvy investigators. We are going to find every account, every Chinese puzzle box, every phony account, but it isn't to find tax dodgers. It's to find the insidious types that knowingly and with malice aforethought hide money for terrorists, and launder it in order to sanitize it for the use by terrorists. This is just the tip of the iceberg. There's more; much, much more. The case will be appealed to the 2d Circuit, and it will be upheld. It will then, no doubt, be appealed to the United States Supreme Court, and the United States Supreme Court will either accept certiorari to lend credence to the lower court decision, or it will simply refuse to hear the case, and stare decisis will apply. You can look up what that means -- it will be a useful exercise for the usual Israel-bashers who know nothing about anything. One or another way, the American people have spoken -- no more funding of terrorism by banks wishing to do business in the United States of America. And without that, the banks are nothing. This is not merely a victory for the people whose lives have been ruined by acts of terror funded by Arab Bank. This is a victory for civilization against Arab terror. We should all be grateful to those twelve Americans, good and true. Oh -- and before anyone leaps to the wrong conclusion -- while the plaintiffs were overwhelmingly Jewish, the prosecuting attorneys were not; nor was the judge, and nor were any of the jurors. Just sayin'. Hamas and Hezbollah and the rest of the Arab terrorist organizations have good reason to worry. As to the banks that fund them and facilitate their terrorism. Shehecheyanu. A new year -- and a new dawn in American jurisprudence.
7. To: Facebook Joseph Fox
Sarah B ,   U.S.A. / Israel   (09.24.14)
Moral thing to do? No, once the judge issued orders compelling discovery, withholding evidence was the ILLEGAL thing to do. Subjects you to all manner of judicial sanctions; that is exactly what happened to Arab Bank. Sealed their fate, actually. That is why the judge allowed inference of guilt into the jury instructions. Well, I gotta tell you -- hiring DLA Piper was not a good move -- they did it because DLA Piper represents a great many Arab interests. And they charge very high rates. Ten years of litigation, plus trial? DLA Piper made $60 million off that, easily. Arab Bank will drop DLA Piper for the appeal. But it's too late. They won't get a top-flight firm to represent them. Arab Bank's fate is sealed. Got some bad lawyering. Stupid lawyering. I wonder if Hussein Obama was their shadow counsel! No .... probably isn't even a member of the bar anymore. Little thing called CLE.
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