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news Jan 2012 U.S. fights to keep $6.6 million in al-Qaeda assets from 9/11 victims

U.S. fights to keep $6.6 million in al-Qaeda assets from 9/11 victims

Submitted by David Slesinger on Mon, 01/23/2012 - 8:15am

January 22, 2012 | By Chris Mondics, Inquirer Staff Writer

In a ferocious legal battle pitting government lawyers against victims of the Sept. 11, 2001, terror attacks, the Justice Department is fighting to block thousands of individuals and businesses from taking $6.6 million in frozen al-Qaeda assets seized from an alleged terrorism financier.

Frozen by the U.S. Treasury Department in 2007, the money is sought by the attorneys for 6,000 individual victims and insurers who suffered billions in losses from the attacks on the World Trade Center.

The money, in a Chicago brokerage account controlled by senior al-Qaeda operative Abu al-Tayyeb until his arrest in Saudi Arabia in 2006, drew little public notice until lawyers for 9/11 victims moved in June to collect on a 2007 default judgment.

Read more here: http://articles.philly.com/2012-01-22/business/30652937_1_qaeda-al-qaeda...