Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • RBC Global Asset Management Inc. announces February 2026 cash distributions for ETF Series of RBC Funds
    • life cycle mutual funds India | Sebi proposes life cycle mutual funds and tighter disclosure norms framework
    • Understanding the Money Market Mutual Fund Liquidity Facility
    • SEBI’s new category with 5–30 year tenure
    • 7 Low-Risk Investments That Could Safeguard Your Retirement Wealth
    • CME Futures vs. Spot Bitcoin ETFs: Who Sets the Price? (2026)
    • Do Leveraged ETFs Belong in a Long-Term Investment Portfolio?
    • Long-term life cycle mutual funds get Sebi approval
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Hamadeh questions DOJ why Americans have not received funds from French cement company over ISIS
    Funds

    Hamadeh questions DOJ why Americans have not received funds from French cement company over ISIS

    September 19, 2025


    Arizona GOP Rep. Abraham Hamadeh on Thursday sent Attorney General Pam Bondi a letter questioning why qualified Americans have still not received a share of a multi-million dollar payout from a French company that admitted to providing material support and resources to ISIS.

    Lafarge, a Paris-based building manufacturer with subsidiaries across the world, admitted in 2022 to paying almost $6 million to the Islamic State and al-Nusrah Front terrorist organizations in order to allow the company’s Syrian branch to operate. 

    The company was ordered to pay nearly $778 million in forfeiture and fines, which lawmakers claimed in February should have gone to families who were impacted by ISIS, according to a letter shared with Just The News. 

    “While nothing can ever make these families whole, the pecuniary losses they have suffered as a direct result of Lafarge’s conspiracy with ISIS—many of the petitioners have lost their family’s primary wage earner and have endured significant financial hardship—can and should be remedied,” a group of Republican lawmakers wrote in February. “We want to know the exact status of these funds and why they were not paid to these families as soon as possible.”

    Hamadeh’s letter on Thursday, which was also shared with Just The News, followed up with the Justice Department on the status of the funds, stating that none of the families have received compensation despite requesting part of the payout.

    “Legal counsel representing many qualified victims and their survivors report that they have yet to receive any response, nor these forfeiture funds, from the federal government,” Hamadeh wrote. “For families who lost their breadwinner, or for disabled servicemembers struggling to survive, access to their rightful share of these funds would be life changing.

    “For the sake of justice for those who continue to suffer the consequences of ISIS’ crimes and the actions of its collaborators, I respectfully reiterate the need for a clear accounting of the status of these funds and why victims families have received nothing,” he continued. “This is one more failure of the Biden [Justice Department] that should be addressed.”

    The lawmaker did not give Bondi a clear deadline for a response but thanked her for her attention to the “urgent matter.”

    Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    SEBI broadens MF categories, introduces life cycle funds | Capital Market News

    February 26, 2026

    India expands rules for $385 billion stock funds to add gold

    February 26, 2026

    Size, strategy and liquidity puzzle: Experts weigh risks in smallcap funds | Markets News

    February 26, 2026
    Leave A Reply Cancel Reply

    Top Posts

    7 Low-Risk Investments That Could Safeguard Your Retirement Wealth

    February 27, 2026

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    RBC Global Asset Management Inc. announces February 2026 cash distributions for ETF Series of RBC Funds

    February 27, 2026

    TORONTO, Feb. 27, 2026 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) today…

    life cycle mutual funds India | Sebi proposes life cycle mutual funds and tighter disclosure norms framework

    February 27, 2026

    Understanding the Money Market Mutual Fund Liquidity Facility

    February 27, 2026

    SEBI’s new category with 5–30 year tenure

    February 27, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Sen. Lisa Boscola Applauds Budget Investments in Economic and Workforce Development, Disappointed in Lack of Significant School Property Tax Relief

    July 12, 2024

    Babbinswood community farm appeal continues despite funds woes

    October 3, 2025

    Property investment veteran Paul Bassi, of REI, threatens to leave UK because of high taxes

    July 31, 2025
    Our Picks

    RBC Global Asset Management Inc. announces February 2026 cash distributions for ETF Series of RBC Funds

    February 27, 2026

    life cycle mutual funds India | Sebi proposes life cycle mutual funds and tighter disclosure norms framework

    February 27, 2026

    Understanding the Money Market Mutual Fund Liquidity Facility

    February 27, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.