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Updated 05/07/2010 03:26 PM

Authorities Investigate How Times Square Plot Was Financed

By: NY1 News

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The investigation into the attempted Times Square car bombing continues, as authorities try to figure out how the attack was financed.

A law enforcement official tells The Associated Press investigators have the name of someone believed to have funneled cash to Faisal Shazad.

Investigators believe Shahzad paid for the SUV used in Saturday’s incident with 13 $100 bills, had been renting a Connecticut home, and managed to buy a gun, even though he was apparently unemployed since returning from Pakistan in February.

Despite the fact that investigators are looking abroad, the man who oversees the wars in Iraq and Afghanistan says he believes the suspect acted alone.

In an interview with the Associated Press, General David Petraeus calls Shahzad a "lone wolf." He says he was inspired by Pakistani militants, but did not have direct contact with them.

Police Commissioner Ray Kelly would not say much about the general's comments when asked today.

"I'm satisfied in this case, in this instance, that there is no longer a threat based on this individual and people surrounding him,” Kelly said.

Authorities have said Shahzad told investigators he went to a terror training camp in Pakistan, but that has not been confirmed.

After initially claiming responsibility, members of the Pakistani Taliban said yesterday they had nothing to do with the bomb attempt, but added such attacks are welcome and said Shahzad did a brave job.

Meanwhile, surveillance video has been released that appears to show the 30-year-old buying fireworks used in the attempt from a store in eastern Pennsylvania.

Watch the complete surveillance footage.

Attorney General Eric Holder told a Senate panel yesterday Shahzad is still cooperating with investigators.

Shahzad is still awaiting arraignment on terrorism and weapons charges.