Nazem Ahmad in an image from social media, according to an indictment unsealed by federal prosecutors. An alleged financier of U.S.-designated terrorist group Hezbollah was charged with a scheme to evade American sanctions and illegally import and export hundreds of millions of dollars worth of fine art and diamonds. Nazem Ahmad , a Lebanese-Belgian dual citizen who has been banned since 2019 from doing business with U.S. individuals and entities over his association with high-ranking Hezbollah members, was charged with nine counts of fraud, money laundering and evading sanctions, in an indictment unsealed on Tuesday by the U.S. attorney’s office in Brooklyn.

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