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Oil smuggling, theft, extortion: How ISIS earns $3M a day
CNBC ^ | 09/14/2014 | AP

Posted on 09/14/2014 10:47:11 AM PDT by Rusty0604

Edited on 09/14/2014 11:12:24 AM PDT by Admin Moderator. [history]

Islamic State militants, who once relied on wealthy Persian Gulf donors for money, have become a self-sustaining financial juggernaut, earning more than $3 million a day from oil smuggling, human trafficking, theft and extortion, according to U.S. intelligence officials and private experts.


(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy
KEYWORDS: isis; kurdistan
"the group began to impose "taxes" on nearly every facet of economic activity, threatening death for those unwilling to pay"...a Democrat's dream.
1 posted on 09/14/2014 10:47:11 AM PDT by Rusty0604
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To: Rusty0604

Seems to me that maybe the oil fields would be a good target. If not that, perhaps the pipelines. At $60/barrel and $3million a day, some of that has to be visible from the air.


2 posted on 09/14/2014 10:51:22 AM PDT by econjack (I'm not bossy...I just know what you should be doing.)
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To: Rusty0604

Where do they keep their money...in a bank? Why can’t the US block funds transfer? I guess they could if they wanted to...


3 posted on 09/14/2014 10:51:52 AM PDT by Cowboy Bob (They are called "Liberals" because the word "parasite" was already taken.)
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To: Rusty0604

Tax collector — second oldest profession.


4 posted on 09/14/2014 10:57:18 AM PDT by 353FMG
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To: econjack

We bombed Hitler’s oil production capability.

Why can we not do the same to ISIS’?

These facilities were designed in the West, we have the drawings, we know exactly where they, so why is there no action against them?


5 posted on 09/14/2014 11:01:44 AM PDT by 353FMG
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To: 353FMG

Yet here in America we don’t collect taxes from the first oldest profession.


6 posted on 09/14/2014 11:14:15 AM PDT by Rusty0604
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To: 353FMG

Probably because the rightful owners would have to clean up the mess.


7 posted on 09/14/2014 11:15:39 AM PDT by Rusty0604
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To: Rusty0604

When you title theft as ‘earnings’, you’ve gotta be drive by media...


8 posted on 09/14/2014 11:16:27 AM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Rusty0604
Islamic State militants, who once relied on wealthy Persian Gulf donors for money, have become a self-sustaining financial juggernaut, earning more than $3 million a day from oil smuggling, human trafficking, theft and extortion, according to U.S. intelligence officials and private experts.

does the Mafia know about this ?
9 posted on 09/14/2014 11:16:43 AM PDT by stylin19a (Obama ----> Fredo smart)
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To: kingu

Good point, but our gov’t does the same thing. They just commit legalized theft.


10 posted on 09/14/2014 11:25:08 AM PDT by Rusty0604
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To: Rusty0604

Curious when smuggling, theft, and extortion became earning?


11 posted on 09/14/2014 11:30:28 AM PDT by rockinqsranch ((Dems, Libs, Socialists, call 'em what you will. They ALL have fairies livin' in their trees.))
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To: rockinqsranch

Dealt some drugs? Stole some cash? There’s a line on your income tax form to declare it.

As ridiculous as it sounds, the federal government requires that money acquired through illegal means be reported and taxed just like legitimate income. It’s right there on the official IRS tax instructions: “Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.”
http://money.cnn.com/2013/02/28/news/economy/illegal-income-tax/index.html

Don’t forget that’s how they caught Al Capone; tax evasion.


12 posted on 09/14/2014 11:42:19 AM PDT by Rusty0604
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To: 353FMG

Pimp being the oldest.


13 posted on 09/14/2014 2:57:47 PM PDT by deadrock (I am someone else.)
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To: Rusty0604

Russian govt, Russia mafia and Islamists work together in the largest human trafficking rings in the world.

Russian govt and Russian mafia = the same thing.


14 posted on 09/14/2014 3:09:13 PM PDT by free_life (If you ask Jesus to forgive you and to save you, He will.)
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To: Rusty0604

Americans need to grow up.

this is normal in many parts of the world


15 posted on 09/14/2014 3:18:47 PM PDT by RockyTx
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To: rockinqsranch

Al Capone?


16 posted on 09/14/2014 5:33:00 PM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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To: 353FMG

Because the politically correct politicians are fighting the war, not the generals. Ultimately, this will cost US lives but they’re too damn stupid to see it.


17 posted on 09/14/2014 6:25:58 PM PDT by econjack (I'm not bossy...I just know what you should be doing.)
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