Adam Kredo writes: The State Department on Monday would not rule out giving Iran up to $50 billion as a so-called “signing bonus” for agreeing to a nuclear deal later this year, according to comments made to journalists following reports that the Obama administration had formulated a plan to release tens of billions of frozen Iranian funds.
“This could be the largest cash infusion to a state sponsor of terrorism in modern history.”
— Jonathan Schanzer, a top terrorism-funding expert at the Foundation for Defense of Democracies
Experts have said this multi-billion dollar “signing bonus” option, which was first reported by the Wall Street Journal, could be the largest cash infusion to a terror-backing regime in recent memory.
“They’re getting access to money throughout this period as well. Throughout the extension they’re now getting some sanctions relief, which will continue through June 30.”
— State Department Spokeswoman Marie Harf
A cash release of $30 to $50 billion upon reaching a final nuclear agreement would come in addition to the more than $11 billion in unfrozen assets that Iran will already have received under an interim nuclear accord reached in 2013.
When asked to address these reports on Monday, State Department Spokeswoman Marie Harf attempted to dodge the issue and then accused reporters of getting “spun up” on the issue.
Asked whether Iran could receive $50 billion “on day one after signing” or verbally agreeing to a nuclear deal, Harf told reporters that she would “look into it.”
When pressed to provide an answer about the Journal’s initial report, Harf declined “to go line by line in the story.”
Harf said sanctions relief to Iran will continue through June 30.
“They’re getting access to money throughout this period as well,” she said. “Throughout the extension they’re now getting some sanctions relief, which will continue through June 30.”
Jonathan Schanzer, a top terrorism-funding expert at the Foundation for Defense of Democracies (FDD), said such a cash release to Iran would enable the regime to continue backing various terror groups such as Hamas and Hezbollah. Read the rest of this entry »
John Hayward reports: Hey, remember how a watchdog group called Cause of Action filed a Freedom of Information Act request for documents pertaining to the investigation of taxpayer information handed over to the White House by the IRS, and the request went nowhere, so they sued, and a judge told the Treasury Department they had to cough up the documents, and then the Treasury Inspector General was all like, “Oh, wow, we’ve got 2,500 pages of documents on this deal, so we need a little more time to finish going through them before we hand them over?”
If it wasn’t so bad – if there wasn’t a ‘smidgen of corruption’ – why try so hard to keep these records silent?”
Never mind about seeing those documents, peons. The Administration has decided not to hand them over after all, citing a statute that basically says the privacy of the people whose privacy the White House violated would be violated by revealing details of the White House violation to the public. It all sounds pretty fishy to Cause of Action, as quoted in the Washington Examiner:
Dan Epstein, executive director of Cause of Action, said Treasury was using “sophisticated” lawyering to weasel out of providing the documents. And he noted that their letter said that Treasury Secretary Jack Lew is now looking into “potential liability” that his tax aides broke laws in sharing taxpayer information with the White House. Read the rest of this entry »
A former Apple executive who sold some of the iPhone maker’s secrets to suppliers will serve a year in prison and repay $4.5 million for his crimes.
The U.S. Attorney’s office announced Devine’s penalty Friday, but declined to explain the reason for the lengthy delay in his sentencing.
Devine faced up to 20 years in prison. Read the rest of this entry »