Sign in to comment!

Menu
Home

Crime & Courts

Kansas City businessman to be sentenced in federal court for providing support to al-Qaida

A Kansas City businessman who pleaded guilty more than three years ago to providing financial support to al-Qaida is finally being sentenced in federal court.

Khalid Ouazzani faces up to 65 years in prison for bank fraud, money laundering and conspiracy to support a terrorist group. He is scheduled to be sentenced Monday in Kansas City.

In his plea bargain, Ouazzani admitted making false claims to borrow money for a used auto parts business and wiring the proceeds to a bank in Dubai. That money was used to purchase an apartment that later sold for a $17,000 profit, which was given to al-Qaida. Ouazzani also admitted sending the terror group $6,500 from the sale of his business.

Prosecutors say Ouazzani swore an oath of allegiance to al-Qaida.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.78% dw 3.79%  
15 Y Fixed Graph 2.98% up 2.93%  
30 Y Fixed Jumbo Graph 3.98% dw 4.16%  
5/1 ARM Graph 3.06% up 2.99%  
5/1 Jumbo ARM Graph 3.55% up 3.13%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.60% dw 4.61%  
$50K HELOC Graph 4.08% dw 4.11%  
$30K Loan Graph 4.88% dw 4.90%  
$50K Loan Graph 4.33% up 4.32%  
$75K Loan Graph 4.33% up 4.32%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.67% dw 2.68%  
36 M Used Graph 3.13% dw 3.15%  
48 M New Graph 2.92% dw 2.93%  
48 M Used Graph 2.75% dw 2.76%  
60 M New Graph 3.06% dw 3.07%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.36% dw 0.37%  
1 yr Graph 0.65% dw 0.67%  
5 yr Graph 1.43% dw 1.47%