Where was all this money laundering by Tampa Muslim store owners Nedal Ahmad and Riad Faisal Sulaiman, to the tune of $10.4 Million dollars over two years at "Empire Street Wear" going, where is all this cash? There is a Western Union Money transfer location inside the Empire Street Wear 1926 E. Fletcher Ave address. Legitimate businesses are a versatile tool for terrorists. Legitimate businesses typically used by terrorist groups include construction companies, used car dealers, banks, agricultural commodities growers and brokers, trade businesses, clothing stores, bakeries, restaurants, and bookstores. Money laundering, simply defined, is the process by which "dirty" money (derived from illegal activity) is disguised as "clean" money (legitimate). The difference between money laundering and terrorist financing is that the latter isn't always from "dirty" sources. Terrorist financing may involve legally-derived funds, or trade based money laundering with used cars purchased in the USA sent to the Middle East for reasale.
March 26th, 2012.....TAMPA -- After his business was raided last year by federal agents investigating tax refund fraud, Nedal Ahmad continued to traffic in illegally obtained U.S. Treasury checks, authorities say. "He was either incredibly brazen or not very bright," said John Joyce, who heads the Tampa office of the U.S. Secret Service, which arrested Ahmad Monday at his Temple Terrace home on a charge of attempting to commit wire fraud by mailing fraudulently obtained Treasury checks in a scheme to defraud the federal government. Joyce said he expects more charges to follow. Joyce said others are also likely to be arrested as part of the larger tax fraud investigation. "This particular arrest is an important part of the puzzle, but there are a lot of other parts to the puzzle that we're still looking at, still trying to put together," he said. Ahmad's arrest comes three months after his brother, Riad Faisal Sulaiman, 38, was sentenced to more than five years in federal prison in a related tax fraud case prosecuted in Fort Lauderdale.
The brothers own Empire Street Wear, a clothing store and check-cashing business that authorities say bought fraudulently obtained tax refund checks at a discount from street criminals who used stolen identities to file fake tax returns. Joyce estimated $100,000 worth of fraudulent Treasury checks and preloaded debit cards passed through Empire Street Wear every week for more than a year – beginning in January 2011 and continuing up to Ahmad's arrest. Ahmad, 35, used part of the proceeds to purchase counterfeit designer goods to sell at his store, according to a criminal complaint. Some of the money was deposited into 184 bank accounts Ahmad set up in the names of 149 identity theft victims, authorities say. MORE FROM THIS SOURCE CLICK HERE.
Federal and local law enforcement agencies served a search warrant at the Empire Street Wear store in September. Agents recovered nearly $20,000 in cash, $58,306 in money orders and about $120,000 in treasury department checks, the statement said. After the search, checks issued in various fictitious names were mailed to an associate in New York who worked as a confidential informant for the federal government. The associate alleged that Ahmad said he could send $100,000 per week in fraudulent refund checks for negotiation, with Ahmad splitting the face value in a 60 to 40 percent arrangement, the statement said. If convicted, Ahmad faces a maximum prison sentence of 20 years. MORE FROM THIS SOURCE CLICK HERE.
Federal charges have been brought against Riad Sulaiman, listed on an FBI affidavit filed in May as owner of Empire Street Wear, which has five stores. Although Sulaiman is also listed in state records as the registered agent for Empire, his attorney says he no longer owns the business, as of June 1. Sulaiman is charged with aggravated identity theft, mail fraud, conspiracy and forging endorsements on U.S. Treasury checks.
Name: FARIA, RAID AMADO
Booking Number: 14037407
CHARGE: GRAND THEFT THIRD DEGREE ($300 - $5,000)
NOTES: WNIC/GRAND THEFT BY FRAUD
Russell B. Simmons Jr., owner of Simmons Auto Sales, 4615 N. 34th St., is facing state charges of grand theft by fraud and criminal use of personal identification. His attorney, Nicholas Matassini Jr., said his client has pleaded not guilty and is "planning a vigorous defense." Sulaiman has pleaded not guilty in the federal case, which is being handled in Fort Lauderdale. Attorney Myles Malman said he represents Sulaiman in the Fort Lauderdale case, and he represents the stores, which he said are now owned by a company called Faisal's and Son Inc.
Investigators say when they searched the store at 1925 E. Fletcher Ave. on Sept. 1, they recovered more than $120,000 in U.S. Treasury checks. Sulaiman has not been charged in connection with that search. The South Florida federal case involves allegations Sulaiman cashed Treasury checks in May. Those checks, according to court documents, were in the names of deceased and incarcerated people. MORE FROM THIS SOURCE CLICK HERE.
Bill Warner Sarasota Private Investigator, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com