Palestinian President Mahmoud Abbas, waves to the crowd during celebrations for their successful bid to win U.N. statehood recognition in the West Bank city of Ramallah, Sunday, Dec. 2, 2012. (AP Photo/Nasser Shiyoukhi)

Bribes, Secret Investments, Hidden Bank Accounts: Abbas’ Betrayal Pays Well

(CHICAGO) — In 2003, Forbes magazine estimated Yasser Arafat’s wealth at about $300 million. No verifying source was listed. Fatah was notoriously corrupt. It still is today. Its finances are a black hole. Bribes, foreign aid, secret investments, hidden bank accounts, slush funds and other ill-gotten gains define them. Israeli intelligence estimated Arafat’s net worth […]

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