ISIS, which on Sunday declared itself an Islamic "caliphate" and proclaimed its leader Abu Bakr al-Baghdadi as "Caliph," has been busy looting Iraq after capturing large areas of the country from the American-armed and trained Iraqi army.
In the process it has seized a chemical weapons facility, Iraq's largest oil refinery, and become the "world's richest terrorist organization" by looting 500 billion Iraqi dinars ($425 million) from banks in Mosul .... http://www.israelnationalnews.com