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October 18th, 2012
07:40 AM ET

National Correspondent Susan Candiotti on alleged NY terror plot foiled: '“If this had been an actual bomb, he could have killed a lot of people'

FBI foiled an alleged terror plot to bomb the Federal Reserve Bank of New York yesterday. A 21-year-old Bangladeshi national is accused in the alleged plot. Identified as Quazi Nafis, the young man was in the United States on a student visa and majoring in cybersecurity at SoutheastMissouriStateUniversity from January until May of this year. Nafis is now in federal custody and charged with attempting to use a weapon of mass destruction.

Nafis allegedly parked a van outside the bank equipped with 1,000 lbs of dummy explosives. They were provided by an undercover agent, and Nafis attempted to detonate it. The dummy bombs were a part of a sting operation that failed to accomplish his mission and Nafis was subsequently arrested. National Correspondent Susan Candiotti has more on this developing story.

Authorities were able to uncover this plot from early on, Candiotti reports. “They had their eye on him a very long time,“ she says. Nafis moving to New York after finishing school and got on social media to reach out to “people that prosecutors say he thought could help him to destroy America. He wanted to target America and wreck the economy.” Nafis eventually connected with someone on Facebook who turned out to be working for the FBI. “And that’s when authorities set up this elaborate sting.”

Nafis targeted the landmark NY bank, which Candiotti reports is home to the world’s largest supply of gold bullion. “If this had been an actual bomb, he could have killed a lot of people, authorities say.”

October 18th, 2012
07:27 AM ET

Chief Business Correspondent Ali Velshi on security at the New York Federal Reserve Bank

An alleged plot to bomb the New York Federal Bank was prevented yesterday when authorities arrested a 21-year-old Bangladeshi national charged with attempting to use a weapon of mass destruction. Identified as Quazi Nafis, the young man was in the United States on a student visa and majoring in cybersecurity at SoutheastMissouriStateUniversity from January until May of this year. FBI agents were following the phony plot early on in an elaborate sting operation. Nafis is now in federal custody. Chief Business Correspondent Ali Velshi was just at the New York Federal Reserve Bank on Monday, two days before the arrest was announced. He joins John Berman and Zoraida Sambolin on “Early Start” to talk about the landmark bank.

Velshi, who says he hadn’t been to the Federal Reserve in years, was there to interview the new president, William Dudley, and something on him kept triggering security before he was finally cleared. Although Velshi says security at the bank doesn’t feel like a fortress, the bank itself is highly important and security is sensitive. “It is one the 12 Federal Reserve banks in the United States and it is the most important one,” Velshi says. “It’s also got the world’s biggest gold vault” with “probably more gold than FortKnox.”

However, Velshi finds it unusual that Nafis recognized the Fed’s integral value to the American financial system. “It doesn’t seem like an obvious target for somebody to go to,” Velshi says. “It’s crucially important, he had the right idea about how important it was, I just don’t think most people do.” Lastly, he says, “I’m glad nothing happened.”