NYC Banks Used To Help Iran With Nukes?

Manhattan DA: Chinese Businessman Set Up Accounts To Help Iran Get Materials To Make Nuclear Weapons

(AP)  A Chinese businessman has been indicted on charges of illegally using New York City banks to help Iran's military agencies buy materials to make nuclear weapons, Manhattan's chief prosecutor said Tuesday.

The 118-count indictment charges Li Fang Wei and his company LIMMT, identified years ago as fronts for Iran's illegal nuclear activities, with falsifying business records and with conspiracy to gain access to U.S. banks, prosecutors said.

Manhattan District Attorney Robert Morgenthau said one goal of the investigation was to make the public and the federal government aware that Iran is "deadly serious" about developing nuclear weapons technology.

Morgenthau said Li is in China and he will ask the government there to extradite him to the United States.

Besides sales of standard metal and mineral products to commercial customers on the global market, LIMMT sells sophisticated military materials to Iran's Defense Industries Organization (DIO), Morgenthau said. He said many materials LIMMT sells to Iran are banned from export to that country.

Morgenthau said the list of materials that LIMMT shipped to the Defense Industries Organization include thousands of pounds of a specialized aluminum alloy used almost exclusively in long range missile production and tantalum, a mineral used in armor piercing projectiles.

He said LIMMT and Iran also were in talks to have the company send 400 gyroscopes, 600 accelerometers, and 100 pieces of tantalum. He said gyroscopes and accelerometers are crucial technology for developing long range missiles.

Morgenthau said Li and LIMMT are banned from doing business in the U.S., so Li used shell companies and bank accounts with aliases to transfer money for dozens of Iranian transactions from November 2006 through September 2008.

The payments for the transactions were sent to and from Chinese banks that handled accounts for Li and his companies. Because 70 percent of the world's business is done in dollars, Morgenthau said, U.S. banks had to be used to process transactions. Because Li used banks in Manhattan, his office had jurisdiction over the prosecution, he said.

The U.S. Treasury Department issued a statement Tuesday saying it had identified eight aliases used by LIMMT Economic and Trade Company Ltd. to circumvent sanctions against Iran and was moving to freeze their assets. The department said it was acting to prevent weapons of mass destruction proliferators and those who support them from abusing the U.S. financial system for the benefit of Iran's nuclear weapons programs.

Morgenthau said international contacts tipped his office to Li and LIMMT's illegal activities on behalf of Iran.

The prosecutor said he is convinced that the American banks were completely deceived by Li and had no part in helping him carry out the illicit transactions. He credited the New York banks with helping in the investigation and he thanked the compliance departments of The Bank of New York Mellon, Citibank N.A., JPMorgan Chase & Co., Wachovia Bank/Wells Fargo N.A., Bank of America N.A., and Standard Chartered Bank.

LIMMT is headquartered in Dalian, China.

[nolies74621]

Obama bows to Saudi king
Greeting called 'most unbecoming for president of the United States'

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Posted: April 02, 2009
4:12 pm Eastern


By Bob Unruh
© 2009 WorldNetDaily


President Obama greeted the king of Saudi Arabia with a full bow from the waist yesterday, a move one commentator described as a violation of protocol and not worthy of the office he holds.

"I am quite certain that this is not the protocol, and is most unbecoming a president of the United States," writes Clarice Feldman in an American Thinker commentary.

The situation developed as leaders of the world attending the G20 summit in London assembled for a photograph to mark the event.

In this first image, after the king extended his hand while Obama approached, Obama bends from the waist until his head is nearly at the monarch's waist:



OK! I saw the video and was shocked. How could the so called POTUS bow to a Monarch. I guess he wants oil. Any defense for the exhaulted messiahs' actions on this total lack of guts? He may as well have said to the world that America will BOW TO ANYONE and pretty much supplicated the US to the entire world. WEAK,WEAK,WEAK. So much for the intelligence and dignity factor. Now I have seen it all. Why is'nt CBS covering this?

[bajajohn1]

One can be truly thankful to not be a part of the minority: The Republican Party with its very low approval rating. Why, you ask? Well, Reagan said, just look at the nonsense they write on this board.

[johndevinejr]

You will be getting as close as you can to Hillary Clinton, Al Gore and there ties to IRAN!! Just keep your eyes on the Mortgage Fraud and Bank Fraud.....Your very warm!!!!!
Posted by Leta_D at 1:19 PM : Apr 7, 2009

You should start taking your meds again. It will quite the voices in your head.

[johndevinejr]

Irans people arent Gods chosen people.
Posted by mrs_neves at 12:24 PM : Apr 7, 2009

mrs_neves, God keeps asking me why you keep lying about him. He wants you to shut up

Thanks, Have a nice day

[whitemale08]

This is the 'smoking gun' our buddies in Israel were looking for!

LET'S GO KICK SOME *********** IN THE BUTT AND SHOW 'EM WHO'S BOSS!

China and Iran is teaming up to strike us with WMDs and shut down our worthless credit-default swaps market.

[ontheleft]

This "evidence" is far more substantial than the "evidence" used against Saddam Hussein. So lets declare war right now on China and Iran and go spread some more freedom.

[Leta_D]

Oh, one other important part....Investigate Northern Trust Bank NYC & Canada and its ties to Northern Trust Bank (Dallas Texas) all the way back to Addison State Bank (Addison Texas) (actually just less than .10th of a mile down the road from Northern Trust (Dallas Texas).....You will be getting as close as you can to Hillary Clinton, Al Gore and there ties to IRAN!! Just keep your eyes on the Mortgage Fraud and Bank Fraud.....Your very warm!!!!!

[Leta_D]

While investigating the accounts held by LI also look for accounts or money transfers for or by Amon Le'mon, Hillary Rodham Clinton, Margaret Willams, Al Gore, William (Bill) Clinton, Arnold F. Mincey, Jr. (Commuter Plan Pilot), Delbert (James) McDougal, Carolyn McDougal, Mark (Marc) McDougal, Pam McDougal, Mike McDougal, Laura Miller, David Miller, Jim Miller, Susan McDougal, Vicki McDougal, James (Jim) McDougal (Deceased).

This will get you closer to the Mortgage Fraud and Money Laundering of Funds for Weapons of Mass Destruction..... Get a grip on the American Terrorist......PLEASE!!!

[jwesel1]

Hopefully we can get the government involved in all aspects of business being done by foreigners so that this doesn't happen again.
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But US is supplying Israel with bunker buster bombs so what's wrong if Iran also uses US technology.

[Stijev]

On www.portal5.info I've just found new interesting details about this story. It is in updated "Chinese company, exec indicted in Iran missile case" article - http://portal5.info/main.asp

[diamruby]

Hopefully we can get the government involved in all aspects of business being done by foreigners so that this doesn't happen again. Why was this not investigated before? Our bank officials should be watching for any kind of illegal transactions. We are finding more & more scams by telephone, fax, e-mail etc from foreigners & no one seems to be able to find them or to stop it, all business need to be very carefull not to participate in these scams. To fall for most of the scams going on you would have to be brain dead to go for it.