Media coverage
American Task Force on Palestine / Bloomberg · 2009-10-07
This Bloomberg report by Jonathan Ferziger, republished by the American Task Force on Palestine, describes how some 4,000 Gazans who invested in the smuggling tunnels under the Egyptian border lost as much as $500 million when the tunnels were bombed during the 2008–2009 Gaza offensive, and are now demanding their money back from Hamas. Omar Shaban, director of Pal-Think, compares the collapse to Bernard Madoff’s Ponzi scheme — “our scandal is much worse than Madoff” — and says “thousands of families lost their money and they hold Hamas responsible”. The article notes that his estimate of $300 million to $500 million in losses is an educated guess based on professional contacts, friends and relatives, and that he himself did not invest.
This Bloomberg report by Jonathan Ferziger, republished by the American Task Force on Palestine, describes how some 4,000 Gazans who invested in the smuggling tunnels under the Egyptian border lost as much as $500 million when the tunnels were bombed during the 2008–2009 Gaza offensive, and are now…