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 4.11% dw 4.17%  
15 Y Fixed Graph 3.12% dw 3.19%  
30 Y Fixed Jumbo Graph 4.34% dw 4.35%  
5/1 ARM Graph 3.14% dw 3.25%  
5/1 Jumbo ARM Graph 4.00% up 3.61%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% dw 4.41%  
$50K HELOC Graph 4.05% dw 4.06%  
$30K Loan Graph 5.08% -- 5.08%  
$50K Loan Graph 4.55% -- 4.55%  
$75K Loan Graph 4.55% -- 4.55%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.06% -- 3.06%  
36 M Used Graph 3.52% up 3.29%  
48 M New Graph 3.05% -- 3.05%  
48 M Used Graph 2.88% dw 2.96%  
60 M New Graph 3.13% dw 3.22%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% -- 0.37%  
1 yr Graph 0.60% -- 0.60%  
5 yr Graph 1.45% up 1.45%