A Lebanese businessman designated by US authorities as an important financial supporter of Hezbollah was sentenced to five years in prison and ordered to forfeit $50 million, the Justice Department said Thursday.
Kassim Tajideen, 63, pleaded guilty in December to one count of conspiracy to launder money as part of a scheme to evade US sanctions.
He was named a Specially Designated Global Terrorist in May 2009 by the Treasury Department based on tens of millions of dollars in financial support given to Hezbollah, a Shiite political party and militant group in Lebanon.
In a plea, Tajideen admitted to conspiring with at least five other people to conduct more than $50 million in transactions with US businesses, in violation of prohibitions barring his involvement with US persons or companies.
Read the original article here: news.yahoo.com
Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.