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The Obama administration acknowledged Tuesday that Iran was paid much more than the $400 million it admitted to earlier this year.

Congressional officials told the Wall Street Journal that $1.3 billion more was paid in two installments, bringing the total to $1.7 billion, which was paid entirely in foreign hard currency.

Lt. Col. Ralph Peters (Ret.) said on "America's Newsroom" that the first $400 million, which was delivered the same day Iran agreed to release four American prisoners, was a ransom, while the remainder was a "massive bribe."

Peters asserted that the White House bribed the Iranians to prevent them from embarrassing President Obama over the nuclear agreement.

He said this is just another sign of "desperation" from Obama and Secretary of State John Kerry, revealing that they were and are willing to do anything to preserve the controversial nuke deal.

"It was a quid pro quo. President Obama was not going to get his nuke deal unless we paid that money," Peters said. "We gave almost $2 billion in cash to a terrorist regime that provokes us, acts against our interest and is slaughtering innocent people in Syria every single day."

"It was a monstrous thing to do. And it will go down as one of the most infamous - if not the worst - acts of Obama's presidency."

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