AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Victims Pursue Bin Laden Assets Also After State Sponsors Seen at stake are billions in funds already frozen; suits move through courts.(WORLD WAR ON TERRORISM)

Investor's Business Daily

| November 01, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: PETER BENESH

No amount of money can compensate those hurt by Osama bin Laden's terrorism. He's been ratcheting up the death toll since the first World Trade Center bombing in 1993. Then came bombings in Riyadh, Khobar Towers, two African embassies, the USS Cole and Sept. 11.

Lawyers for bin Laden's victims will try to get what they can. But they're not in it for the money, says John Coale, a Washington, D.C., attorney working with four families on the early stages of a class-action suit.

"It's a symbolic gesture with a long shot at getting any money. I'm not buying anything on layaway at this point hoping to get this money. But if it goes well, it could be a deterrent," he said.

Terrorist States

It would deter states that sponsor terrorism, he says. They have assets. Long before Sept. 11, the Treasury Department froze almost $4 billion in funds from seven countries, the Taliban and even bin Laden (see chart).

But adding up pre- and post-Sept. 11 frozen funds, the U.S. has less than $280 million from the Taliban and bin Laden. That's not much for all the next of kin and injured.

Related articles from newspapers, magazines, journals, and more
STATE DEPARTMENT CITES SEVERAL TERRORIST GROUPS BIN LADEN GROUP NAMED.(NEWS)
Newspaper article from: The Cincinnati Post (Cincinnati, OH) October 6, 2001 700+ words
...The network headed by Osama bin Laden and several Palestinian groups were cited by the State Department Friday as foreign terrorist organizations...have provided direct support for bin Laden's network. Under a 1996 law...
US probes bin Laden links to soda ingredient.
News wire article from: United Press International September 20, 2001 700+ words
...the assets of Osama bin Laden." Cassel also said that the State Department was asking other countries...to be, with Osama bin Laden or his counterparts. The U.S. State Department four years ago verified that bin Laden has nothing to do...
Bin Laden wearing out Taliban welcome.
News wire article from: United Press International March 5, 1999 700+ words
...three weeks ago between bin Laden's body guards and Taliban...afterward it was ordered that bin Laden should disappear from public view. State Department spokesman James Foley...estrangement between bin Laden and the Taliban or the...
Saudi's elite deny ties to bin Laden network.(News)
Newspaper article from: The Boston Herald Mulvihill, Jack Meyers Maggie Wells, Jonathan October 14, 2001 700+ words
...is connected to bin Laden or his terrorist...report, the U.S. State Department said bin Laden invested in and...said. The 1996 State Department report asserted...Northern Sudan. Bin Laden's extended family...
TERROR SUSPECT BIN LADEN IS MISSING, SAYS TALIBAN.(News)
Newspaper article from: Seattle Post-Intelligencer (Seattle, WA) February 18, 1999 700+ words
...said yesterday that Osama bin Laden, the world's most-wanted...that its troops had sighted bin Laden in Afghanistan in recent days. State Department officials said they had...the Taliban claim about bin Laden, who has been indicted...
Bin Laden 'ordered assassination of President'.
Newspaper article from: The Birmingham Post (England) August 26, 1998 700+ words
...could not comment on reports that Bin Laden had been indicted. The attacks...camp for militants linked to Bin Laden in eastern Afghanistan and at...in Khartoum, Sudan. The US State Department calls Bin Laden "one of the most significant...
SPECIAL REPORT; Saudi elite tied to money groups linked to bin Laden.(News)
Newspaper article from: The Boston Herald Wells, Jack Meyers Jonathan Mulvihill, Maggie October 14, 2001 700+ words
...banks allegedly used by Osama bin Laden to distribute money to his...controlled directly by Osama bin Laden, according to a 1996 U.S. State Department report. A second bank...have a relative of Osama bin Laden on its board of directors...
Bin Laden at the Top of Suspect List in Attack on the U.S.
Newspaper article from: Knight Ridder/Tribune Business News September 13, 2001 700+ words
...of international support. Bin Laden, 44, has been wanted by U...put a $5 million bounty on bin Laden's head He is believed to...with Islamic states. CIA and State Department officials believe bin Laden operates at least a dozen camps...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA