Voice of America: Islamic State on Brink of Financial Collapse, Report Finds
LONDON — The business model of Islamic State is failing, and the terror group will soon likely collapse financially, according to a detailed analysis of IS finances by the London-based International Center for the Study of Radicalization, and accounting group Ernst & Young.
Islamic State is often cited as the richest terrorist organization ever to have existed; but, the description is flawed, says report co-author professor Peter Neumann.
“IS isn’t just a terrorist organization, it is a quasi-state, which means it has territory, it has a population, and most of its income comes from that territory. It taxes people, it extracts oil, and it also loots and confiscates the property of people who’ve fled.”
Read more ....
WNU Editor: The 'bean counters' usually know what they are talking about.
0 Response to "Report: Islamic State On Brink of Financial Collapse"
Post a Comment