Thursday, September 22, 2005
Ice cream shop owner found guilty of illegal money transmitting
Abad Elfgeeh, 50, was convicted of transmitting money around the world without a license from a dozen bank accounts linked to his tiny storefront in Park Slope, Brooklyn. Prosecutors said his business was used by a Yemeni cleric [Sheik Mohammed Ali Hassan Al-Moayad] convicted earlier this year of a scheme to fund al-Qaida and the Palestinian militant group Hamas. Elfgeeh was not charged, however, with any terrorism-related crime.
After less than a day of deliberations, the jury convicted Elfgeeh of conspiring to run an illegal money-transmitting business, running an illegal money business and structuring bank deposits to avoid reporting laws.
Elfgeeh, who could face 15 years in prison, looked stricken but did not move or speak as the verdict was read...
...After delivering the verdict, the jury said Elfgeeh should forfeit more than $22 million, a decision that would empty the defendant's frozen bank accounts if upheld...
That's one hell of a lot of double-scoop cones with jimmies.