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Monday, November 10, 2003

Arafat Robs Poor, Gives to Self
OK, we already knew he is vile, murderous scum, but 60 Minutes is reporting that he is a thieving pig as well.

Yasser Arafat has private bank accounts worth more than $800 million built up with funds designated as aid to the Palestinian Authority, according to a report.
In 1998, the European Union discovered through an audit of its own that $20 million designated for low-income housing was used to build a luxury apartment complex for top PA officials and Arafat associates.



Here is the actual "60 Minutes" report:
Although the money for the portfolio came from public funds like Palestinian taxes, virtually none of it was used for the Palestinian people; it was all controlled by Arafat. And, Prince says, none of these dealings were made public.

Arafat has always lived modestly, which you can't say about his wife, Suha. According to Israeli officials, she gets $100,000 a month from Arafat out of the Palestinian budget, and lives lavishly in Paris on this allowance.
He also uses the money to bolster his own standing. Both Israeli and U.S. sources say those recent outpourings of support at Arafat's compound were "rent-a-rallies," and that Arafat has spent millions to support terrorists and purchase weapons.

All told, U.S. officials estimate Arafat's personal nest egg at between $1 billion and $3 billion.

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