Arab Bank's main office, pictured, is in Amman, Jordan, but it also has a branch in New York City — where a federal jury found the institution liable for funneling money to terrorists.
Photo: KHALIL MAZRAAWI/AFP/GETTY IMAGES
[From article]
The mother of Steve Averbach, who was mortally wounded in the bombing of a bus in Tel Aviv, said the Arab Bank was just as culpable as the suicide bombers and she was sorry it faced only a monetary penalty and not criminal charges.
“I'm disappointed the United States didn't protect its citizens,” Maida Averbach, 76, said.
Josh Faudem, who survived a 2003 suicide bombing in Tel Aviv, is shown in August outside Brooklyn Federal Court after he testified in the civil trial against Arab Bank.
Photo: BRYAN PACE/FOR NEW YORK DAILY NEWS
http://www.nydailynews.com/new-york/brooklyn/arab-bank-liable-israel-terror-attacks-brooklyn-jury-article-1.1948787
Arab Bank liable for terror attacks in Israel on 300 Americans, Brooklyn jury finds
After a five-week trial in federal court, the plaintiffs — bombing victims or their relatives— convinced panelists that Arab Bank either knowingly or with willful blindness transferred millions of dollars to charities controlled by Hamas and to families of suicide bombers between 2001 and 2004. Another jury will decide monetary damages.
BY JOHN MARZULLI
NEW YORK DAILY NEWS
Monday, September 22, 2014, 6:19 PM
* * *
[From article]
Roughly 300 victims of those terror attacks in Israel and the occupied territories sued Arab Bank for knowingly transacting with members of the Palestinian resistance group Hamas.
After two days of deliberation, the jury found the banking giant liable for every one of the attacks — from bus bombings to an explosion at a Sbarro pizzeria.
Jurors found the bank liable for transferring cash to operatives and handling death benefits of $5,300 apiece to families of suicide bombers from a Saudi charity group.
[. . .]
A separate trial will now be held to determine damages.
Arab Bank said it will appeal the verdict.
http://nypost.com/2014/09/22/jury-finds-bank-liable-for-suicide-bombings-in-israel/
Jury finds bank liable for suicide bombings in Israel
By Selim Algar
New York Post
September 22, 2014 | 4:46pm
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