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"Hameed pleaded guilty to a single count of conspiring to operate an unlicensed money transmitting business, the same charge Yehuda admitted last month.

The offense could carry a prison term of up to 32 months under federal sentencing guidelines, but Hameed is expected to cooperate with prosecutors to receive a lighter term. Specifically, he told the judge he would provide information about others in the money-transmitting scheme."

According to this, sounds like this is quite a thriving business opportunity. It will be interesting to learn where this scheme will lead.

I read in another article recently that terrorists are funding themselves with African diamonds. Ugly concept that "diamonds a girl's best friend" could not be the object that funds terrorists.

Diamonds are used b/c they are easily transportable and convertable into cash. Cash is not as easy to hide, besides coming under currency laws, while diamonds can be secreted or "hidden" in plain sight, simply worn as jewelry---and then bartered or sold for cash. There should be more investigations into this type of undercover financing.