ISIS terrorists gain ground, riches - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

ISIS terrorists gain ground, riches

Posted: Updated:
ISIS militants sell oil and power to nations after they capture territory with the resources. (Source: CNN) ISIS militants sell oil and power to nations after they capture territory with the resources. (Source: CNN)
  • InternationalMore>>

  • Gas explosions kill 20, injure 270 in Taiwan

    Gas explosions kill 20, injure 270 in Taiwan

    Thursday, July 31 2014 7:45 PM EDT2014-07-31 23:45:55 GMT
    Taiwan's National Fire Agency says 15 people were killed and 228 were injured a series of gas leak explosions in a southwestern city.
    A series of underground gas explosions killed 20 people and injured 270 others late Thursday in Taiwan's second-largest city, authorities said.
  • US, UN announce deal on Gaza cease-fire

    US, UN announce deal on Gaza cease-fire

    Thursday, July 31 2014 7:38 PM EDT2014-07-31 23:38:58 GMT
    The United States and United Nations are announcing that Israel and Hamas have agreed to a humanitarian cease-fire to start Friday morning for 72 hours.
    Israel and Hamas have agreed to a humanitarian cease-fire in Gaza to start Friday morning for 72 hours, although Secretary of State John Kerry cautioned that the lull in violence did not guarantee an end to the conflict.
  • Default fuels uncertainty, stock drop in Argentina

    Default fuels uncertainty, stock drop in Argentina

    Thursday, July 31 2014 7:38 PM EDT2014-07-31 23:38:45 GMT
    The collapse of talks with U.S. creditors sent Argentina into its second debt default in 13 years and raised questions about what comes next for financial markets and the South American nation's staggering...
    Stocks fell sharply in Argentina on Thursday as the country entered into economic uncertainty with its second default in 13 years, one forced upon it by New York hedge funds with the backing of U.S. courts.

WASHINGTON, DC (CNN) - Some are calling ISIS the world's most dangerous terrorist group.

It's also possibly the richest.

You may have heard that ISIS fighters have been looting cities as they take control of them.

That's given them a huge windfall to be sure.

And it's not the only source of their money.

In Mosul, Iraq's second largest city, ISIS struck gold, literally. They robbed that city's central bank taking a large amount of gold and an estimated $430 million.

A smash-n-grab like that, some experts predict, could make them the richest terror organization in the world.

The Council on Foreign Relations reports that most of ISIS's financing comes from smuggling, extortion, and other crimes.

ISIS is even cashing in on oil, selling crude from oil fields they took control of in northern Syria right back to the Syrian government.

The New York Times reports ISIS is also selling electricity from captured power plants back to the government too.

"They also do a lot of the traditional terrorist fundraising activities: Kidnapping, robbing, thieving, they're involved in the drug trade, they have money laundering schemes," said Daily Beast senior correspondent Josh Rogin.

In the Daily Beast news web site, Rogin reports that ISIS has also been funded for years by wealthy private donors living in countries the U.S. considers allies. Countries like Kuwait, Qatar, and Saudi Arabia. And that those governments, says Rogin, know it's happening but choose to look away.

"The governments could have had plausible deniability and say they weren't funding them directly. At the very least they were looking the other way," Rogin said.

If you do the math, ISIS may be worth at least $500 million after its attack on Mosul's main bank.

In 2011, the Taliban was said to be worth an estimated $70 million to $400 million. Even al-Qaida can't compete. Al-Qaida had an operating budget of about $30 million a year before the 9/11 attacks.

And all of this cash on hand only allows ISIS to attract more extremist fighters, who are drawn to higher salaries.

Big money also helps ISIS finance large scale prison raids, liberating hundreds of fighters who then join their ranks.

"ISIS is a group that can't be negotiated with. The more resources they have, the more aggressive they'll be, the more violent they're going to be," Rogin said.

All the riches and power elevate the risk in the Middle East, and potentially around the globe.

Copyright 2014 CNN. All rights reserved.

  • Iraq CrisisMore>>

  • Dubai, European airlines divert flights over Iraq

    Dubai, European airlines divert flights over Iraq

    Wednesday, July 30 2014 1:47 PM EDT2014-07-30 17:47:39 GMT
    European and Dubai-based airlines have begun rerouting flights over Iraqi airspace as a security precaution, though Iraq says its skies are safe.
    European airlines and a Dubai-based carrier are rerouting flights over Iraqi airspace as a security precaution amid fears that militants with the Islamic State group have weapons capable of shooting down planes, despite...
  • Iraq offers aid to those displaced by militants

    Iraq offers aid to those displaced by militants

    Wednesday, July 30 2014 1:30 PM EDT2014-07-30 17:30:42 GMT
    Iraqi Prime Minister Nouri al-Maliki says his government has allocated two installments of 500 billion dinars ($429 million) to assist citizens who have been internally displaced by the advance of Sunni militants...
    Iraqi Prime Minister Nouri al-Maliki said Wednesday his government has allocated more than $850 million to assist those displaced by last month's militant takeover of much of the country, and called on Sunnis remaining...
  • Explusion of Christians condemned in northern Iraq

    Explusion of Christians condemned in northern Iraq

    Tuesday, July 29 2014 8:43 PM EDT2014-07-30 00:43:05 GMT
     The Christian community in Mosul was told to convert to Islam, pay a tax or die. 
     The Christian community in Mosul was told to convert to Islam, pay a tax or die. 
Powered by WorldNow

310 Broadway
Cape Girardeau, MO 63701

FCC Public File
publicfile@kfvs12.com
573-335-1212
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KFVS12. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.