CBS News Investigates
May 7, 2010 2:43 PM

Faisal Shahzad's Money Mystery

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Accused New York Times Square bomber Faisel Shahzad, 30, was drowning in debt, raising questions about how he managed to have wads of cash at his disposal to help carry out his alleged plot.

Shahzad made at least a dozen return trips back and forth between the United States and Pakistan in the last 11 years.

Before taking his last trip to Pakistan in June of 2009, Shahzad worked for the Affinion Group of Norwalk, CT as a Junior Analyst.  The position pays an estimated annual salary between $55,000 and $80,000.

Yet, as CBS News first revealed, Shahzad came under scrutiny by the Department of Homeland Security for bringing into the U.S. more than $80,000 in "cash or cash instruments" between 1999 and 2008.

But clearly Shahzad had financial problems. He had a $200,000 mortgage on his 3-bedroom Shelton, CT home that he unsuccessfully tried to sell for three years. Then, in February of 2009, he took out an additional home equity loan for $65,000. But, it appears he never intended to repay that loan. Just the next month, he began defaulting on both loans.

New court records obtained by CBS News show Shahzad appeared to have trouble paying his bills as far back as 2007. On November 3, 2009 the home heating oil company Hoffman Fuel, filed a small claims lawsuit against Shahzad that is still pending. He owes them $793.34. Since November of 2007, Shahzad made only partial payments each month on the heating bill for his 1,300 square foot home, never paying in full.

Special Section: Terrorism in the U.S.

After an 8 month stint in Pakistan, Shahzad came back to the U.S. in February 2010. There is no record he had any job since returning. Yet he drove an Isuzu and paid $1,150 per month to rent an apartment in Bridgeport, CT, never missing a payment.

He clearly had plenty of cash. Shahzad slapped down $1,300 in $100 dollar bills to pay for the used SUV that was found smoking, rigged with explosives, in Times Square last Saturday.

A CBS News analysis estimates he spent at least $2,000 to make the bomb. He reportedly had at least one gun estimated to be worth $400.  On Monday night when he tried to flee, he forked over an estimated $800 in cash to pay for a one-way ticket to Islamabad, Pakistan via Dubai, UAE.

Understanding Shahzad's finances could be instrumental in helping to determine if he acted alone. According to the Associated Press, federal investigators are now trying to locate a money courier they say may have helped funnel cash from overseas to Shahzad.

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faisal shahzad ,
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Add a Comment See all 17 Comments
by rchisty20099 May 8, 2010 6:06 AM EDT
International people know that Hindu is one religion have 1.0 billions hindu they are living in india with proud and there own hindu respect !!??
But they do not know that hindu is what !!?? which type of gene ,which type of quality !! which type of thought ,which type of community which type of nation !!???
Pl I am one of the reviewer in J . Schizophrenia Research ( www. elsevier.com) from May 2007 . Pl I have two publications against Al-Qaida , one against LTTE =South Indian in ME=Gulf !? , few against Hindutava terror groups ,which came from real life in India !!?? Please recently = 15th April /March -2008 , my one paper=Abstract got selected in prime conference of royal society of chemistry =www.rsc.org/arf08 = Analytical Research Forum 2008, Title: Ruhel New concept to anti -chemical terror by use of speed checker AND Chemical detective sensors to stop Al-Quaida attack at Saudi Aramco AND SABIC AND Other Petrochemicals companies in Gulf and whole world , = Two publications Against Bio chemical, Chemical terror =Weapon of mass destruction =WMD .
,Pl I am one of the reviewer in International Journal of Psychology and Counseling
http://www.academicjournals.org/Ijpc AND Journal Of Public Health And Epidemiology (www.academicjournals.org/JPHE) ) and from August 2009 ., Pl I am one of the Reviewer in African journal of Environmental science and Technology =www.academicjournals.org/ajest
. pl I am Indian minority +OBCS=other backward class - scientist ! ,
(1) New Dimension Against Terrorism: A New Sensor (Ruhel-Sensor) Three Different Sensor's Coupling CCD (CMOS) Sensor and Rodamass Sensor (Rode of Eye) - Coupled Olfactory Sensor-Olfactory-Enzymes Sensors Chisty R =.www.iupac.org =www.iupac2003.org P,21 ( AE-1.P033),: IUPAC - CSC 2003 Scientific Program TUESDAY, AUGUST 12 , AE - Analytical/Environment ? Poster Session Chair: TBA , RChisty ,39Th IUPAC Congress and 86th conference of the Canadian society of Chemistry Aug 10-15 ,2003 Ottawa ,Ontario ,Canada = Against Weapon of mass destruction =WMD .
Now ,I am member of www. psychologicalscience.org = The Association for Psychological Science (previously the American Psychological Society) ,and getting free gift of Journals = Psychological Science ,from Alan G. Kraut = Executive Director =alankraut@psychologicalscience.org ,
(2) I am not Indian . Ruhel date 11-02-2010
Reply to this comment
by rchisty20099 May 8, 2010 6:06 AM EDT
(2) second fake encounter = Sohrabuddin and his wife =Kosar Bi , with support of Udaipur Raj India 313001 ,Police , fake encounter date =26th November 2005 ,at Ahamdabad- Nrola Chohraya , Gujarat
as its highlighted in all local ,National level news Paper Former Police officer = Denish Kumar MN ,IPS officer , Udaipur raj india 313001 who is on Bail , + one Indian Muslim police officer , Abdul Rehman ?former circle Inspector ,Pratap Nagar Police station ?Udaipur ?Raj (he is still under investigation ) , Abdul Rehman is person who shoot =Kill to Sohrabuddin ,while Kosar Bi , was killed by IPS ?Officer DG vangara , by kept her Neck tight till her death , IPS ?Officer DG vangara was chief of Anti terrorist squad Gujarat ,he have RSS =BJP Back ground in his life , he did his police education in RSS ?Hostel !!??

This all to ,proved Whole Hindi =Hindus Media = TV News channels ,All English News papers of india ,that we Killed LeT =Lashkar -e-Taiba -Terrorist ,those want to kill Mr. Narandra Modi =Chief Minister of Gujarat from past 15 years =at INDIA !!??
It all encounters shown to IBN -7 ,Aaj-Tak ,Star TV , IBN-CNN , Sahara News , NDTV , The Times of india , The Hindu ,The Hindutustan Times , +The Indian express , ++ in 2004,2005 , to get Benefits from Bush Jr =Republicans !! poor Brains , to given message on India war against terror !!?? Mr. Narandar Modi War against terror =against Indian Minority all News Channels shown these Things for whole days to 5 days continues !!?? at Hot Page ,Top page !!??

(3) third Fake encounter : Tulsii : with support of Udaipur Raj India 313001 ,Police ,
he was just a low level criminal , who was live witness of fake encounter of Sohrabuddin and his wife =Kosar Bi , , he was killed due to this reason only b?se police do not want any proof of there fake encounter which reached to Indian court live !!?? that why he killed by these Police officer of Udaipur Raj india 313001 ,02 Police = Sub inspector Narayan Singh , constable Youdhveer Singh ,Karatar Singh , Dalpat Singh , SP =Superintend of police Dahot Gujarat ,
Now these all police officer are treated as criminal those did murder with out permission of Indian court !!?? they taken laws in there hands just to taken medals from BJP=-RSS Government and BJP=RSS Voters ,Hindu and Muslims !!?? now CID Crime is behind these all police officers till they captured as till now they all are hidden in india some unknown places from on duty !!?? still they have Indian police tags on there body !!??

Note : BJP=RSS , MLA of Udaipur City Rajasthan India 313001 ,02 = Gulab chand katariya =Home minister of Rajasthan from 1995 to 2003 !! only made this city as hindu terror city !!?? this city will be future Malegaon ,Nanded of india ,from where hindu terrorist will do bomb blats on Innocent minority people and foreigners !!?? with support of Some Indian Muslims BJP=RSS Voters !!??
in all these activities IB,RAW ?New Delhi , worked as catalyst to get more hindu police , fake encounter specialists from india !!?? they make Provoked to BJP=RSS Politicians also to do like this more !!??

Udaipur City Based 2.0 lacks BJP=RSS Hindu + Indian Muslims BJP=RSS Voter ,love there Indian police =Hindu police fake encounters like they did work for Bush Jr =Work fro USA on counter terrorism !!?? this city people did calibrated that all fake encounter like Depavalii =The Hindu main festival !! they love like there Army killed some Assam ,Kashmir innocent people on name of counter terrorism !!?? they love this like Hindu police win Nobel prize of medical ,Physics ,chemistry , from past 110 years Like india win Olympic gold medal from past 100 years !!?? in all these activities IB,RAW worked as catalyst to get more hindu police , fake encounter specialists from india !!?? they make Provoked to BJP=RSS Politicians also to do like this more !!??

Hindu =1.0 Billions love fake encounters some of innocent ,and some of few crime record holder minorities , done by there Indian police ,and they love that work that there police killed Some one !!??with out permission of court !!?? and that fake encounter will shown in Indian media =Hindu media like they did awarded work , on duty for nation interest !!?? as in all fake encounter Indian media ,Indian police pose at Bush Jr =USA , that we killed LeT , people !!?? as Bush Jr was a only mad republican who like Hindu =Indian !!?? in history of USA 125 years democracy= freedom !!??
Reply to this comment
by rchisty20099 May 8, 2010 6:01 AM EDT
Please all these fake encounters treated by Indian Hindu as they work for USA Counter terrorism it celibate also like festivals at Media , news papers ,meetings , BJP=RSS huge hindu population in whole india !!?? but these hindu =1.0 Billions did not did any thing to kill chief ministers of Orissa 2008 christen genocide , ,Looting ,rape gang rape ,Live burn doer =which killed 200 Innocent christen , chief minister of 2008 Karnataka christen genocide which killed 2000 innocent christen , chief minister of 2007-2008 Chatisgarh christen genocide which killed 1800 innocent christen , chief minister of Gujarat 2002 genocide which killed 2000 Innocent Muslims !!??


Note : BJP=RSS , MLA of Udaipur City Rajasthan India 313001 ,02 = Gulab chand katariya promoted these all fake encounter police officer for higher posts even he recommended Udaipur police officer involved in fake encounter for President medal of police new Delhi !!?? as he ruled Whole Rajasthan as home minister =Ministry of interior ! ??


(1) First fake encounter = The Hindu Police Gujarat , did of 19 years old Student =Ishrat Jahan from Maharatra student at Guru Nanak Khalsa College , + Prenesh Palli + Javed Shaikh ?MH , , these all kidnapped By , Ahamdabad-Gujarat Crime branch officials from Mumbai , and three days later these all shoot , alleged at Ahamdabad on date , 15th June 2004 ,

this fake encounter done by following Police officers =(1) IPS Officer , PP Pande (2) IPS Officer ?DG Vangara (he is already in Jail ,for one more fake encounter of So-rubiddin and his wife Kosar Bi ) (3) GL Singhal (4) NK Amin (5) KM Waghela (6) JG Parmar ( 7) VD Vanav (8) SP Agrawat (9) DH Goswami (10) RI Patel (11) BA Chavda ( 12) Taraun Barot (13) KS Deasi these all are Higher rank police officials
Now police constable with them = (14) Ibrahim Chauhan ( indain Muslim ) (15) , Mukash Vyas (16) Nizamuddin Burhanmiya ( Indian Muslims )
These all people did this fake encounter of these innocent Indian Minorities , to get promotion in their Jobs ,and to get apperception from Gujarat Chief minister = Mr. Narandra Modi . these people killed by AK47, Riffles used by these Hindu police officers !! to kill these Innocents Indian Minorities .

Victims still suffering from Justice Orissa 2008 Christen Genocide ,Looting ,rape gang rape ,Live burn , Karnataka 2008 Christen genocide , Chatisgarh 2007-2008 Christen genocide .Gujarat 2002 Genocide after 1 years to 7 years pass out !? as they are Not Hindu ,they are Indian Christen ,Indian Muslims !?
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by rchisty20099 May 8, 2010 5:59 AM EDT
I think DHS ,DIA ,CIA , FBI have to do following things to prevent further terror cases like this .

(1) They have to take records of all USA , EU =European Union , Citizens fly to Pakistan ,Afghanistan ,from past 5-10 years !!?? via Air lines and Pass port +Visa offices of USA,EU and Pakistan And Afghanistan as well so 100% accurate data we will get .
(2) then we will have list of all people =Pakistani ,Afghani and white male ,female as well !!?? those fly to Pakistan And Afghanistan past 5 years of 10 years .
(3) then we will got in depth of these people contacts link via there emails cell ,mobile telephone ,webs , mail ,direct contacts +++
(4) in that we will go to all possible links talk ,emails , work , earn , fund , jobs +++ of these got data people =fly to Pakistan And Afghanistan from USA,EU from past 10-5 years !!??
after this it will very easy to us =International people to prevent all such type of cases of terror = failed car bomb attack in Times Square, New York 05-2010 !!!
Ruhel Chisty MRACI CChem A date 01-05-2010 Cell 00919636919708

Pl I have two publications against Al-Qaida , few against Hindutava terror groups ,which came from real life in India =www.iupac.org, www.iupac2003.org ,www.nrc.ca ,=CSC ,SAM2006 ,www.dhs.gov ,


Title : The psychology of Hindu Police ,Hindu =1.0 billions Hindu , and Indian =1.26 billions on fake encounters , and encounters !!?? from past 20 years of BJP=RSS Ruled india its states !!?? which is now ruled by = manmohan@sansad.nic.in, soniagandhi@sansad.nic.in, office@tharoor.in , girijav@sansad.nic.in ??from 2003 to till now !!??

Abstract :

First fake encounter = The Hindu Police Gujarat ,of 19 years old Student =Ishrat Jahan student Maharastra ?india
second fake encounter = Sohrabuddin and his wife =Kosar Bi , with support of Udaipur Raj India 313001 ,Police ,
third Fake encounter : Tulsii : with support of Udaipur Raj India 313001 ,Police ,


Pl I have two publications against Al-Qaida , few against Hindutava terror groups ,which came from real life in India =www.iupac.org, www.iupac2003.org ,www.nrc.ca ,=CSC ,SAM2006 ,www.dhs.gov ,
Reply to this comment
by bruce789 May 7, 2010 11:15 PM EDT
He held his good job for about 10 years so he probably was getting along pretty good, trips to Pakistan may have kept him on an even keel though increasingly longed to return there. In 2006, that would have been a good year to sell a house and may even have been following the market up, always out of reach in case a sucker came along. Doing ok at that point (good income for expenses), just a quirk about heat bill. Seams in his pictures, comment on the plane, and the amateur method of the bomb (even the barbecue tank and Vigero lawn food seams like thrown into the mix), he doesn't take things seriously, he's smart, boss valued him. A kind of fantasy glimmer to his look, even at the point of being arrested doesn't fear it.
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by dixt1 May 7, 2010 8:23 PM EDT
OF COURSE, he lost his home to foreclosure---it has been reported that he made 13 trips to Pakistan over the past 11 years! Trips to Pakistan ARE NOT CHEAP! Had he paid his mortgage with some of that money, he wouldn't have lost his house! DUH! He did not construct a BOMB for Times Square because he was having financial problems! You would have to be fairly dim-witted to believe that, in lieu of all the information that has come out about this man. ALL immigrants NEED TO BE TOLD that utilities HAVE to be paid, rent HAS to be paid, groceries HAVE to be bought, etc. . . .
Reply to this comment
by vkmo May 7, 2010 8:19 PM EDT
In Islam, paying interest is forbidden. Banks should have a talk with muslims when they take out a loan. Faisal stopped paying interest on the bank transaction involving his home, and can tell his Imam, that he only did it for the sake of his misdeed. (to finance his bomb attempt). The 2nd mortgage of $66K he took can give his family good living for the rest of his life.
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by theywerestrongandgood May 7, 2010 10:52 PM EDT
So what you're saying is that paying interest on a loan that you took out after reading and signing a contract that must disclose clearly the INTEREST RATE is against Muslim doctrine, but that stealing a nice chunk of change from the bank is perfectly all right. That doesn't add up to me.
by TheEnterpriseReport May 7, 2010 7:21 PM EDT
Now, Now CBS News Investigates...

Lets not get carried away with false claims about "New Court Records" .. they may be new to you, but they're not new to being published or reported on. They were long ago.

<< New court records obtained by CBS News show Shahzad appeared to have trouble paying his bills as far back as 2007. On November 3, 2009 the home heating oil company Hoffman Fuel, filed a small claims lawsuit against Shahzad that is still pending. He owes them $793.34. Since November of 2007, Shahzad made only partial payments each month on the heating bill for his 1,300 square foot home, never paying in full. >>

The records were obtained and reported on by The Enterprise Report.com over THREE days ago on May 4th, 2010. Please fee free to confirm that if you'd like. Your readers can for themselves as well:

PHOTO UPDATE: FAISAL SHAHZAD AMERICAN CAR BOMB SUSPECT

http://theenterprisereport.typepad.com/news/2010/05/photo-update-faisal-shahzad-american-car-bomb-suspect.html#tp

I'm sure CBS News would never lift something and claim an exclusive or being FIRST if it wasn't. The CBS News I know would never do that sort of thing. Armen K might want to double check this stuff before its published.

I didn't claim when I published the story three days ago that the story was exclusive or "first" or "new" because I didn't bother to check to see if if it was. That aspect wasn't a big enough of deal enough to warrant it. But you might want to do that next time, if you're going to make false claims in your reporting.

Porobably just be an oversight I'm sure. Nonetheless a correction would be the right thing to do.

Thanks,

Eric Longabardi
Producer/Investigative Journalist/Publisher
TeleMedia News Productions/TheEnterpriseReport.com
Newport Beach, CA
Reply to this comment
by vkmo May 7, 2010 8:26 PM EDT
It's interesting that the bank give him $66K towards his second mortgage. His family can live well on that in Pakistan for the rest of his life. Altho, he may have preferred living on in USA on good income.
by maistir May 7, 2010 7:15 PM EDT
Good. The U.S. needs to instill some fear into the calculus of those who finance terrorism; go after them even if they turn out to own banks in the Persian Gulf states or they call themselves charities.
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by May 7, 2010 7:13 PM EDT
The only money problems he had were his wife's shopping and the fact that he sold a condo in 2004 and bought an expensive house that he tried to flip in 2006 in order to cash in on the housing boom. He couldn't sell it in 2006 for as much as he wanted, so he hired another broker in 2008. By February, when he took out the $65,000 home equity loan, he already knew he was moving back to Pakistan and going to default on his mortgage. He became an a citizen in April, quit his job in May, and moved to Pakistan a couple of months later. His wife and kids followed the next month.

He didn't become a terrorist because of financial problems. He didn't have financial problems. He chose to quit his job and he chose to default on his mortgage, not because he couldn't afford the home, because he no longer needed the house.
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