ISIS' Bulging Cash Cow: Shakedowns, Not Oil And Artifacts
The Islamic State profits more from pilfered cows and other items fleeced from local inhabitants than it does from looted artifacts and the vast oil reserves under its control, newly-leaked financial records from an ISIS-controlled province show.
The documents, the first of their kind to become public, show that as much as ISIS has made from the sale of stolen antiquities and crude oil reserves, those numbers are substantially lower than previously reported estimates. The revelation may undercut the focus among U.S. counter-terrorism officials who prioritize targeting these areas as ways to quell ISIS’ funding.
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