U.S. Veterans Sue Big Banks for Facilitating Iranian Terrorism
BY: Adam Kredo
November 10, 2014 4:00 pm
More than 80 wounded U.S. combat veterans and their families have filed suit against several of the world’s largest banks, which they accuse of facilitating financial transfers on behalf of Iran that directly led to the killing and wounding of U.S. troops in Iraq, according to court documents obtained by the Washington Free Beacon.
The suit filed early Monday accuses multiple banks of “committing acts of international terrorism” by helping Iran fund and arm Iraqi terrorists who have killed scores of U.S. troops, according to the complaint.
More than 200 plaintiffs have signed onto the suit, which targets some of the largest international banks, including: HSBC Bank USA, Barclays, London’s Standard Chartered Bank, the Royal Bank of Scotland, Credit Suisse, and London-based Bank Saderat.
The veterans argue that the banks helped Iran illegally move “billions of dollars” to terrorist entities that later targeted U.S. troops in attacks.
The suit alleges these banks are knowingly acting as key cogs in Iran’s efforts to evade U.S. sanctions and provide “material support” to Hezbollah and other terror groups, which, at Tehran’s behest, have carried out attacks against U.S. interests in Iraq.
“Defendants’ unlawful conduct was purposefully directed at the United States, and the conspiracy was specifically designed to effectuate the flow of billions of U.S. dollars through the United States in violation of U.S. laws, and in fact resulted in hundreds of billions of dollars illegally passing through the United States,” plaintiffs argue in the complaint filed by New Jersey-based Osen & Associates.
The veterans and their families are seeking an unspecified amount of damages from the banks as a result of their alleged support for Iranian terrorism.
The complaint goes on to detail scores of terror attacks in Iraq backed by Iran committed between 2004 and 2007 that injured or killed those who have signed on to the lawsuit.
Those involved in the suit say that they are driven by a need to expose Iran’s terror activities and the complicity of the banks accused in the suit.
“The world in general needs to know that these banks are doing what they are doing and it needs to be stopped,” said Kelli Hake, whose husband Christopher was killed on March 23, 2008, by an “Iranian-manufactured IED provided to Iranian-funded and-trained terror operatives in Iraq,” according to the court documents.
“It was definitely something that was new to me and opened my eyes as to what was going on,” Hake said.
“Emotionally, I don’t feel like it’s going to give me closure, but maybe it can help for the future,” she said. “If this can help to bring awareness of what’s going on with the banks and stop the funding of these things, it could help families down the road to not be victims to this.”
The suit alleges that the international banks in question were “knowingly” part of a “conspiracy” by Iran to skirt international sanctions.
The banks “agreed to alter, falsify, or omit information from payment messages that involved Iran or Iranian parties,” including Iranian banks, the lawsuit claims. “Each of the defendants knowingly entered into an agreement with Iran and its agents.”
The banks engaged in this behavior for “the express purpose of concealing” Iran and its financial institutions from scrutiny by U.S. authorities, according to the suit.
Full article here…http://freebeacon.com/national-secur…ian-terrorism/