Pompeo Says Obama Administration Laundered Money to Circumvent U.S. Law

Statement

Congressman Mike Pompeo (R-KS) commented today on the Treasury Department's response to his letter demanding information on the U.S. transfer of $1.7 billion in cash to Iran.

Pompeo said, "By withholding critical details and stonewalling Congressional inquiries, President Obama seems to be hiding whether or not he and others broke U.S. law by sending $1.7 billion in cash to Iran. But Americans can plainly see that the Obama administration laundered this money in order to circumvent U.S. law and appease the Islamic Republic of Iran.

"Think about this timeline: the U.S. wires $400 million in cash to the Swiss National Bank and then physically transports it to another city to hand-off to Iranian officials--this is all three days before Iran releases four American hostages. But it gets worse: less than a week after this, the U.S. again sends hordes of cash to Iran. As we speak, Iran is still holding three more Americans hostage and I fear what precedent this administration has set."

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