First-ever terrorism financing trial begins in New York court
Opening statements are expected Tuesday in the trial of Victoria Jacobs, an Uzbekistan native who is charged with using cryptocurrency to fund Syrian-based terrorist groups and launder supporters’ contributions. It is the first-ever terrorism financing trial in the New York State court system.
Uzbekistan native charged with cryptocurrency funding of Syrian-based terrorist groups
Victoria Jacobs, also known as Bakhrom Talipov, allegedly provided material support to Hay’at Tahrir al-Sham, a designated foreign terrorist organization, and contributed over $5,000 to the terrorist training group Malhama Tactical. The indictment claims that Malhama Tactical provided special tactical and military training to Hay’at Tahrir al-Sham. Jacobs is accused of using various methods, including receiving cryptocurrency and wire transfers, to launder $10,661 on behalf of Malhama Tactical. Additionally, she allegedly purchased Google Play gift cards for the organization. Jacobs has pleaded not guilty to the charges.
Six-count indictment filed against Victoria Jacobs for terrorism support and money laundering
A six-count indictment was filed in January 2023, charging Victoria Jacobs with providing support for an act of terrorism, money laundering, and other crimes. The indictment alleges that Jacobs provided material support to Hay’at Tahrir al-Sham and Malhama Tactical, and engaged in acts of terrorism financing. It also states that she purchased military-style combat knives, metal knuckles, and throwing-stars, which were found in her Upper East Side apartment. Prosecutors claim that evidence suggests her intention to carry out unlawful acts.
Manhattan DA highlights resources to combat terrorism in complex case
Manhattan District Attorney Alvin Bragg emphasized the significance of this complex case in combating terrorism and extremism both in New York and globally. The trial showcases the depth of knowledge and resources available to the district attorney’s office in their fight against terrorism. The prosecution aims to demonstrate their commitment to protect the public from individuals who support and fund terrorist activities.
Evidence suggests defendant’s intentions to carry out unlawful acts
Prosecutors presented evidence that suggests Victoria Jacobs intended to carry out unlawful acts. The indictment quotes notes saved on her cell phone, where she solicited support through Bitcoin wallets for building a new training camp. In addition, she provided a comprehensive U.S. Army Improvised Munitions Handbook to an online group associated with Hay’at Tahrir al-Sham and Hurras al-Din, allegedly to facilitate their bomb-making efforts in Syria. Furthermore, the prosecution claimed that her acquisition of weapons, including combat knives and a firearm, along with her statements in a Telegram chat about being “behind enemy lines,” supports the conclusion that she intended to use these weapons unlawfully.
In conclusion, the trial of Victoria Jacobs marks the first-ever terrorism financing trial in the New York State court system. Jacobs, an Uzbekistan native, is charged with using cryptocurrency to fund Syrian-based terrorist groups and laundering supporters’ contributions. The indictment filed against her includes charges related to terrorism support, money laundering, and other crimes. The Manhattan District Attorney’s office highlights the significance of this case in their efforts to combat terrorism and extremism. Prosecutors presented evidence indicating Jacobs’ intention to carry out unlawful acts, including providing materials and acquiring weapons. The trial is expected to shed light on the extent of Jacobs’ alleged involvement with terrorist organizations and her role in financing their activities.
Analyst comment
Neutral news. As an analyst, the market is not directly affected by this trial. However, it highlights the use of cryptocurrency for terrorism financing and may lead to increased regulation and scrutiny on cryptocurrency transactions, potentially impacting the cryptocurrency market.
