The Telegraph: Islamic State 'earning millions by playing the stock market'
Group using cash looted from banks in Mosul to speculate on international currency markets.
Isil is making millions of dollars for its war chest by playing foreign currency markets under the noses of bank chiefs, it was revealed today.
The terror group is earning up to $20m (£14.29m) a month by funnelling dollars looted from banks during its takeover of the Iraqi city of Mosul into legitimate currency markets in the Middle East.
It then makes huge returns on currency speculation, which are then wired back via unsuspecting financial authorities in Iraq and Jordan, a parliamentary committee was told on Wednesday.
Islamic State of Iraq and the Levant's (Isil) extraordinary venture into white collar crime is now a major source of income, along with oil smuggling and extortion from people living in Isil-controlled areas.
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More News On The Islamic State Making Millions On The Stock And Currency Markets
ISIS Playing The Stock Market? Islamic State Group Making Up to $25M Monthly On Financial Markets -- IBTimes
ISIS 'making millions' by gaming forex markets -- CNBC
How ISIS is earning £14 MILLION a month playing the stock markets: Terrorists are running sophisticated currency exchange scam using looted cash -- Daily Mail
The Isis Wolves of Wall Street: Islamic militants make huge profit on foreign currency markets -- IBTimes
Filthy rich? Daesh makes nearly $20M in elaborate financial scheme -- Al Bawaba
Now Islamic State jihadis making millions by playing the STOCK MARKET under bankers’ noses -- Express
There never was, and never is, a contradiction between capitalism and fascism, regardless of its form.
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