Kristen Breitweiser

's coal families, also victims of state-sponsored terrorism and the East African embassy bombing families.

These are all military or foreign service families that because the law was rewritten, they are allowed to get judgments against Iran for Iran's participation in those attacks.

And so those victims have really powerful lawyers.

They were the ones that reportedly created this government fund that's run by the Department of Justice.

And they came up with the idea that we're going to fund the fund from terrorist sanctions.

And what does that mean?

Well, that means that when the U.S.

government gets information that a company, a ship, you know, a tanker is doing business and buying Iranian oil...

that tanker or that company gets sanctioned.

The Department of Justice goes after those entities and they fine them.

You know, first they have a case and then they, you know, usually typically settle the case for billions of dollars.

And that some of that money is supposed to go into this fund to pay victims.

Well, right.

But so it was designed- Sorry, sorry, I had to say that.

Well, so upfront, it's being sold as a fund to pay victims.

Turns out many of the military families had attorneys who encouraged the families to sell their judgments to third-party investors, hedge funds.

I know all of this because- What?

Right.

Right.

I know all this because the SEC happened to investigate one of the hedge funds.