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The Obama administration paid $1.7 billion to Iran following three years of secret negotiations involving "decades-old legal disputes," according to a State Department letter obtained by the Washington Free Beacon.
This development was exposed after U.S. Rep. Mike Pompeo, R.-Kan. launched an inquiry in January. Many view the money transfer as a "ransom payment," as the settlement was announced close to the release of five American prisoners held in Iran.
After a long delay, the administration finally sent a letter to Pompeo stating that more taxpayer-funded financial transfers are likely in order to address some of Iran's legal claims against the United States.
"We are confident that this was a good settlement for the American taxpayer," said State Department Assistant Secretary for Legislative Affairs Julia Frifield.
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