Originally posted on Fortuna's Corner:
Oil, Theft, And Extortion: How ISIS Earns $3M A Day And Is The Richest Terrorist Group In World History
The Associated Press’s Ken Dilanian, in an article out this afternoon, writes that the Islamic State, once largely dependent on wealthy Gulf donors…”have become a self-sustaining, financial juggernaut — earning more than $3M per day from oil smuggling, human trafficking, theft and extortion,” according to U.S. intelligence officials and private experts.”
The extremist group’s resources exceed that “of any other terrorist group in history,” said a U.S. intelligence official who, like others interviewed [by the AP], spoke on the condition of anonymity to discuss classified documents. Mr. Dilanian writes that “the Islamic State has taken over large sections of Syria and Iraq, and controls as many as 11 oil fields in both countries,” analysts say. “It is selling oil and other through generations-old smuggling networks under the noses of some…
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