Posted on 05/13/2018 10:46:41 AM PDT by bitt
The Obama administration is acknowledging its transfer of $1.7 billion to Iran earlier this year was made entirely in cash, using non-U.S. currency, as Republican critics of the transaction continued to denounce the payments. Treasury Department spokeswoman Dawn Selak said in a statement late Tuesday that the cash payments were necessary because of the "effectiveness of U.S. and international sanctions," which isolated Iran from the international finance system. The $1.7 billion was the settlement of a decades-old arbitration claim between the U.S. and Iran. An initial $400 million of euros, Swiss francs and other foreign currency was delivered on pallets Jan. 17, the same day Tehran agreed to release four American prisoners. The Obama administration had claimed the events were separate, but recently acknowledged the cash was used as leverage until the Americans were allowed to leave Iran. The remaining $1.3 billion represented estimated interest on the Iranian cash the U.S. had held since the 1970s. The administration had previously declined to say if the interest was delivered to Iran in physical cash, as with the principal, or via a more regular banking mechanism.
Earlier Tuesday, officials from the State, Justice and Treasury departments held a closed-door briefing for congressional staff on the payments, according to a Capitol Hill aide familiar with the session. The officials said the $1.3 billion was paid in cash on Jan. 22 and Feb. 5. The aide was not authorized to speak publicly and requested anonymity.
The money came from a little-known fund administered by the Treasury Department for settling litigation claims. The so-called Judgment Fund is taxpayer money Congress has permanently approved in the event it's needed, allowing the president to bypass direct congressional approval to make a settlement. The U.S. previously paid out $278 million in Iran-related claims by using the fund 1991
(Excerpt) Read more at latimes.com ...
Excellent point. Maybe the Clintons and Obamas and God knows who else “took their cut” of the proceeds? With cash, you never know .
Same reason drug dealers and black market peddlers only take cash. Out arbitration response should have been a raised middle finger.
Im betting lots of money went to Zero, Hillary, etc.
Well, since it is sometimes reported as $1.8 Billion and other times it’s $1.7 Billion in cash with nothing to trace, it’s anyone’s guess. All I know is, as usual, I didn’t get any of it.
Yes, and Gold bullion. Lots of it. Where did they get that?
Remember Mnuchin upon taking office made a visit to Ft. Knox, sort of unusual. Supposedly Treasury holds 1200 tons or so but there has been no official audit since the 1950s. Probably nothing left excep a few IOUs. At current prices 1200 tons represents at best a few months of government spending.
He (Trump) was talking about what critics said at the time amounted to more than a billion dollar ransom payment to Iran, freeing five Americans from Iranian jails. The Treasury Department wired the money to Iran around the same time that Tehran let three American prisoners fly out of the country.
Was that different from Bronco Bama's bribe delivery?
bttt
TheRealDonaldTrump
@RealDonad_Trump
Irans Military Budget is up more than 40% since the Obama negotiated Nuclear Deal was reached...just another indicator that it was all a big lie. But not anymore!
6:56 AM - 13 May 2018
https://mobile.twitter.com/RealDonad_Trump/status/995664144392249344
“The money came from a little-known fund administered by the Treasury Department for settling litigation claims. The so-called Judgment Fund is taxpayer money Congress has permanently approved in the event it’s needed, allowing the president to bypass direct congressional approval to make a settlement.”
Soooooo, somewhere along the line, our Congress, with the blessing of some president made this law; this “secret fund” - to legalize their embezzlements as needed?
“Well, since it is sometimes reported as $1.8 Billion and other times its $1.7 Billion in cash with nothing to trace, its anyones guess. All I know is, as usual, I didnt get any of it.”
There’s a way. Some guy in Iran has $50M of it, but he can’t get access without $10K in fees, which he doesn’t have - or should I say ‘didn’t have’.
It was all explained in an email I got.
F-Iran. The have been killing Americans for decades. They were behind the Marine Barracks bombing. Many of the armor shredding IEDs in Iraq were Iranian design. A country’s “government” that keeps sticking its middle finger at us chanting “Death to America” needs their a** kicked not the ability for them to wipe out an American city.
Hard to find out how much money we still have of Irans much to obamas chagrin.
Iran just lost a lawsuit and has been judged that they owe millions.
The money we seized will be used to pay the 9/11 lawsuit plaintiffs
Forgive me for finishing your thought.
If youd like to be on or off, please FR mail me.
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It was paid in cash due to lack of a money trail, and the likelihood that due to sanctions in place transfer electronically might come afoul of the law. Not to mention a trail of what the Mullahs did with that cash could be embarrassing to the Obama cult. Money went to terrorists, we didn't know that.
bookmark
can. not. wait. for. the . IG Report.
I think that’s when the indictments are opened and the military tribunals begin for the REALLY serious offenders.
Paid in paper Euros currency from what I read last year/ Pallets of Euros were shipped to Iran. How Obama is this!
/ Not paid to Iran in US Dollars.
BFL
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