World | Libya Gadhafi Stashed Cash on Wall Street Deals appear to have been legal By Kevin Spak Posted May 26, 2011 8:06 AM CDT Copied In this Sept. 1, 2009 file photo, Libyan leader Moammar Gadhafi gestures with a green cane as he takes his seat behind bulletproof glass for a military parade in Green Square, Tripoli, Libya. (AP Photo/Ben Curtis, File) Moammar Gadhafi has a hefty chunk of Libya's money parked right here on Wall Street. The advocacy group Global Witness has released a document revealing that Libya’s sovereign wealth fund has invested $53 billion with help from Goldman Sachs, JP Morgan, HSBC, and European bank Société Générale. The group’s calling for an investigation into “whether these banks have done enough to ensure that state funds have not been diverted to the Gadhafi family.” “Gadhafi makes no distinction between his personal assets and the resources of the country.” says a prosecutor at the International Criminal Court. The investments appear to have been legal when Gadhafi made them, and the funds held in the US should now be frozen, according to the New York Times, which verified the documents. In addition to parking the money in the banks mentioned, Libya has also bought stock a lot of US bonds, and owns stock in such big-name companies as General Electric, Halliburton, BP, and Nokia. Read These Next Mom allegedly passed 31 hospitals on road trip as daughter was dying. Pentagon opens rare investigation into Sen. Mark Kelly. A federal judge just threw out the Comey, James indictments. One of the Slender Man attackers escaped her group home, briefly. Report an error