German and Swiss Gold Holdings of the Nazi, Marcos, and Others
There are a number of Swiss banks that regularly are mentioned in reports of money-laundering and protection of stolen national assets. Amongst them, one stands out: UBS, but often mentioned as well is the Credit Suisse Bank. UBS, formerly Banque Federale or Federal Bank of Switzerland, is the long time banker to the Marcos family, Adnan Khashoggi and the Saudi Royal family, and assorted international criminals. This Swiss bank is one of several strongly attached to the German industrial and banking cartels, with a history traceable back to the Third Reich.
UBS operated with the Deutsche Bank to funnel laundered Third Reich funds into many of the subsidiaries created by German industrialists at the end of the war, especially I.G. Farben and Thysssen A.G. This was done to protect assets from confiscation by the Allies. In 1978, these two banks would create UBS-DB Corporation, an American firm. It would later become Atlantic Capital Corporation (wholly owned by the Deutsche Bank), and continue to help UBS customers place investments in the U.S.
UBS was one of the few banks used by the Germans during WWII to launder and hold “holocaust victim gold” as well as the stolen treasuries of Europe, including gold reserves from France and Czechoslovakia. At the time the Nazis stole the French treasury, the gold holdings of France were reported to be greater than the combined holdings of Fort Knox and the Bank of England.
After the war, the Swiss banks took elaborate measures to hide Nazi gold and prevent confiscation by the Allies. Although the Allies were able to seize some, the actual amount deposited by the Nazi government and German industrialists could not be ascertained. Shortly after the war, the Swiss passed laws to ensure that they would be able to hold on to whatever the Allies did not confiscate.
What Happened to the Marcos Gold?
The next great gold bonanza to get channeled to the Swiss banks was the Marcos gold. In both instances of the holocaust victim and Philippine gold, the Swiss banks adamantly resisted years of effort by the governments of Israel and the Philippines to have the gold returned to its rightful owners.
The reason the Swiss banks relinquished in this, after more than fifty years of denial, was not so much a result of newly defined morality, but rather the result of pressure from U.S. investigators and lawmakers on three separate fronts, and by Swiss lawmakers on a fourth front:
Front #1: There were claims by the Philippine government that the Marcos family had secreted away $13.4 billion of the Philippine treasury. In 1991, at the end of the Marcos presidency in the Philippines, there were a number of reports that Marcos had secreted away in UBS large quantities of the Philippine national treasury. There are reports that these funds came from multiple sources: the looted Japanese treasury, Nazi gold money-laundering, and embezzlement of U.S. aid. The point that has not been disputed is that regardless of the source, there was “a lot” of illegal gold and money moved to Switzerland by Marcos, with the assistance of Adnan Khashoggi.
George Bush Sr., as CIA director, would also be involved in helping Marcos move bullion out of the Philippines. Investigators from the Philippines started making claims on these funds, providing proof the funds were secreted away at UBS, but because of the banking laws of Switzerland, the bank would never confirm to the Philippine government of President Aquino that it had the missing Philippine funds.
Front #2: The U.S. Department of Justice, representing eight U.S. nationals that had won a lawsuit against the Marcos estate for torture and deprivation of rights, was pressing for an investigation into the Swiss accounts. A number of human rights groups took on the Marcos family in U.S. courts for violation of human rights, and won a major, billion-dollar settlement against the Marcos family. Ferdinand Marcos had died in 1989, but the judgment was levied on his estate. After losing the suit, the Marcos family claimed it did not have the resources to settle the claim. That is when the Department of Justice was brought in to investigate the accounts identified in the Swiss banks as Marcos accounts. When the possibility of the estate being hidden in UBS was exposed by the efforts of the Philippine government, the Department of Justice began an investigation.
Front #3: The search for holocaust gold was re-activated in 1996 when newly declassified documents of the Swiss government inadvertently suggested the banks were still holding on to financial assets that belonged to holocaust victims and their families. The search erupted into a scandal in 1997, when a janitor at UBS discovered and retrieved documents being shredded that supported the claims of the holocaust victims and their families.
Front #4: The final front was new anti-money laundering regulations which took hold in Switzerland in late 1998. This new legislation put criminal penalties on bankers who knowingly supported money-laundering activities.
Eventually the Bronfman investigation convinced the Swiss bankers to hand over roughly $8 billion ($1.25 billion to the holocaust victims, $4.6 to the Philippine government, and another $2 billion to the 8 U.S. victims of the torture suit) compared to less than the $1 billion they were originally planning on paying.
There was another complicating factor in bringing closure to the “bullion” issues. The Swiss and Deutsche Bank knew that resolving the Holocaust and Marcos gold disputes were not the end of the pressure on the banks. There were three more open investigations:
In 1998, Russian investigators traced a $300,000 ransom payment from the Bank of New York, which opened up the Bank of New York/Russian mafia bank scandal. This scandal would later be shown to be connected to the Swiss banks and the Deutsche Bank. It is of significant note that two primary owner-investors in two of the key banks involved in the Russian money laundering scandal were Bruce Rappaport, a Swiss Israeli banker who was involved with Khashoggi and George Bush Sr. in the IranContra, October Surprise, and BCCI scandals, and Dr. Alfred Hartmann. Another key player already linked to the Bank of New York/Russian mafia money laundering scandal was Jonathan Bush and his involvement with Valmet SA.
A thorough investigation into these Swiss accounts probably would have uncovered links involving Richard Cheney and Marc Rich, among others, to the Nigerian and Angolan oil scandals, in which dollars flowed from the U.S. to Russia.
Additional investigations that might have exposed this network of accounts included:
- In 2000, Reginald Howe introduced his GATA lawsuit, naming the Deutsche Bank as a key party to the gold price-fixing lawsuit, prompting an investigation by the FBI into Swiss and Deutsche Bank gold trading accounts. The FBI records for this investigation were co-located with records to the Giffen/Mobil Oil investigation, which may or may not be meaningful.
- In the Fall of 1997, The UK courts began inquiries into claims about the Kazakhstan breach of contract claim made by Farhat Tabbah against James Giffen, which opened a Pandora’s box on illegal bribes. Shortly thereafter, the investigation spilled over to Switzerland (1999), and then to the U.S. courts (2000).
The Barrick-Bank Cartel Connection
The relationship between U.S. intelligence and UBS goes back for 60 years. Since WWII, UBS, notably stands out as part of a mix of Swiss banks heavily involved with the U.S. Intelligence community, far removed from Congressional oversight:
The interplay of Barrick and the bank and oil cartels crisscross in a manner that strongly suggests ongoing partnership rather than coincidence. There are three pieces of evidence that identify a linkage between the management/ownership of Barrick, the oil cartel, and the German bank cartel. This report finds the individuals involved in planning, executing, and covering the WTC attack to be the same as those involved in Barrick and covert oil operations in Central Asia.
- The Houston office building that housed both Enron and Halliburton corporate headquarters was owned by Trizec Hahn. As earlier discussed, Trizec Hahn was a merger of Peter Munk’s (Barrick Gold) and the Canadian Bronfman family. The CEO’s of both companies, Kenneth Lay and Dick Cheney, are close associates of the Bush family, whose relationship to the founder of Barrick– Adnan Khashoggi – are extensive and stretched over at least two decades.
- Barrick is also directly linked to UBS and the German bank cartel, through use of its subsidiary gold refinery: Argor-Heraeus S.A. Ownership of this refinery was transferred from UBS to Commerzbank, also part of the German bank cartel in 1999.
- Barrick is linked closely to the banking cartel through, one of the most longstanding members of the Advisory Board – Karl Otto Pohl, former President of the German central bank (Bundesbank) and chief officer of the International Bank of Settlements and IMF. Also on the Barrick Board was former Canadian Deutsche Bank executive Tye W. Burt – the former Chairman of Deutsche Bank Canada and Deutsche Bank Alex Brown Securities Canada, and Managing Director and Head of Deutsche Bank’s Global Metals and Mining Group. Burt was involved when the Canadian Deutsche Bank backed Khashoggi in the MJK Securities fraud. Burt left the bank shortly after the fraud was discovered. Note also, two of the initial big investors in Barrick – Khashoggi and Bronfman – used the same personal financial advisor: Mayo Shattuck of the Deutsche Bank Alex Brown. Mayo Shattuck was the chief assistant to Buzzy Krongard when he worked at Deutsche Bank Alex Brown. Both, through their executive roles at Deutsche Bank Alex Brown were in a position to be familiar with the Khashoggi/Marcos gold deposits at that Bank. Remember that Krongard managed the merger between Bankers Trust and Deutsche Bank Alex Brown, and that Banker’s Trust is the bank that received significant amounts of the Marcos gold with the assistance of Khashoggi.
- The Deutsche Bank was identified as a major gold trading partner with Barrick in both the Blanchard and Howe law suits.
- Enron – an energy trading company – had created a gold bullion and gold derivatives trading operation. When Enron went bankrupt, Enron Online was bought by UBS. A competitive market for trading energy and gold bullion was set-up by former Deutsche Bank executive Mayo Shattuck as new CEO at Constellation Energy, using former Enron employees.
These five points suggest that if it doesn’t exist already, there exists the potential for a cozy relationship between the U.S. oil cartel, the German banking cartel and Barrick.
Link between the WTC, Illegal Gold, and Money Laundering
The key matter for consideration and inquiry is that, according to John O’Neal, and Sibel Edmonds, the FBI (whose files were in the WTC North Tower) was denied information by the CIA and Secret Service. The CIA’s files would have been kept in Building Seven. One has to presume that any files relating to financial investigations of money laundering related to “intelligence” operations and the Russian/Israeli mafia around Azerbaijan, Kazakhstan and Afghanistan were kept in Building Seven or Tower 1.
The WTC offices also held investigative information for the Bank of New money laundering scandal, which will later be shown to be intricately linked to covert oil operations in the aforementioned countries. From another perspective, three of the agencies involved in the Enron investigation were housed in the WTC: SEC, the Justice Department, and the FBI. With a great deal of certainty this report concludes that Enron was a major money-laundering vehicle for the financial rape of Russia, buying and selling petrochemical contracts from the U.S. subsidiaries of the Russian oligarchs. Both DoD and HUD had contracts with Enron, and those agencies were reported by Rumsfeld (on September 10, 2001) to be unable to account for some $3.3 trillion in funding. The IRS, in Building 7, was looking at Barrick’s offshore hedge book.
“The contention that the destruction of the WTC was used to destroy evidence contained on the 23rd and 24th floors of the North Tower is now incontrovertible. …Here is evidence supplied by the Head of Security of the World Trade Center on network television indicating that the floors used by the FBI (22nd, 23rd and 24th floors) of the North Tower — 70 floors below the crash-bombing impact — had been devastated and reduced to debris. This same Head of Security himself dug through the debris to save persons who were trapped there. It was on these floors that the evidence and investigation briefs on two highly important cases were being stored: 1) The case against Mobil Oil and James Giffen on illegal oil swaps between Iran and Kazakhstan (at that time before a New York grand jury as described in great detail by Seymour Hersh in the July 9 New Yorker magazine); 2) The evidence in the investigation of Gold Price Fixing which stemmed from charges brought against Alan Greenspan, Morgan & Company and Goldman Sachs. At noon E.P. Heidner received a phone call from New England from friend who was reviewing recorded footage of coverage of the destruction of the WTC on NBC’s program “48 Hours.” Steve has reviewed the footage many times and taken detailed notes. I took notes at my computer as he spoke. After the south tower collapsed, men went up to the 22nd floor of the WTC and “dug” someone out of the “rubble” he found there. It is known that these floors contained the New York FBI offices. Peter Jennings actually did a two-day network news story on the effects of the destroyed evidence and files on American financial crime investigations around the world. The 48 Hours anchor was interviewing the Head of Security of the WTC about the evacuation. He had received a call, after the South Tower was down, from the Port Authority’s Command Center on the 22nd floor asking for rescue. The Head of Security himself traveled to that floor in the company of a NY Fireman where they found the offices devastated to the point that they had to “tunnel through debris” to “dig out” the two or three Port Authority workers who were trapped there. All of this happened 73 floors below crashbombing impact.” [WTC Attack Destroyed Criminal Evidence , Dick Eastman, http://www.conspiracyplanet.com, 10/26/2001]
Eastman’s report is substantiated by other reports from CBS News and an individual chronicler of events. These reports suggest that while one drama unfolded throughout the WTC complex, another drama was unfolding on the 22nd Floor of the North Tower.
The result of the loss of this building was a major loss of investigative documentation by U.S. agencies. Agencies known to have lost evidence include the Export-Import Bank (source of loans to Afghanistan and Angola), CIA, SEC, IRS and Secret Service.
Investigative and Evidentiary Agencies in the WTC Building 7
Export-Import Bank of the US – Floor 6
U.S. Secret Service – Floors 9 & 10
Securities and Exchange Commission – Floors 11, 12 & 13
Internal Revenue Service – Floors 24 & 25
CIA – Floor 25
Department of Defense – Floor 25
In the key emergency control center of New York in Building 7 (free-fall building), someone gave the order to evacuate the building and the control center. No one knows who gave that order. In the buildings that were supposedly hit by planes, personnel were not given that order, and remained in the control centers until the end. Investigators of financial crimes throughout the U.S. lost evidence in thousands of cases, including original SEC filings falsely reporting the Deutsche Bank’s lack of involvement in the Cayman shell companies of Enron.
Talk about destroying evidence. Clinton’s missing emails is nothing compared to the destruction of evidence in the WTC and Pentagon.
The Unmentioned Loss of WTC 6
A key hypothesis of this report is that the attack on the World Trade Center was intended to stop investigations into various forms of money laundering by officials of the U.S. and the Russian/Israeli Mafia. It would not be appropriate to discuss Building 6, which housed U.S. Customs – one of the key U.S. Agencies with responsibility for investigating money laundering. The fate of Building 6 is ignored in virtually every report available, but the couple of references found are totally aligned with the hypothesis that these agencies were targeted.
Gold Trading and Money Laundering Investigations Cancelled by Destruction of the WTC
The 23rd floor of the North Tower of the WTC held FBI records pertinent to investigations of international gold movements and violations of the U.S. Foreign Corrupt Practices Act. The stimulus for the FBI investigation was a lawsuit initiated by GATA against a number a major bullion international banks and the former US Secretary of the Treasury. The lawsuit alleged that these banks conspired to manipulate and artificially depress the price of gold. The evidence presented by GATA was quite compelling, and suggested that 1) these parties had used national gold reserves to illegally regulate the price of gold, 2) these banks had created a significant risk that threatened the liquidity of all of the key players, and 3) that the national gold reserves had been illegally depleted as a result.
KEY POINT: The basis for this suit was analysis of gold market prices and trades that suggested approximately 14,000 tons of paper gold had been artificially created to keep gold prices depressed. This report speculates that gold prices were not being manipulated, but rather 14,000 tons of stolen gold was being illegally laundered.
The logic of what GATA called a scam “on the American citizens and individual gold buyers” was this. Bullion banks “loan” gold to each other at 1% or 2% interest. When they borrow gold to cover needs, they buy a gold future and assign it the lender. Thus the lender always has the “same” amount of gold, except some is ‘paper gold.’ According to GATA, these banks would loan gold to each other, and then sell the real gold, using the proceeds to invest in equities, which paid a higher return. This is a good deal when the investment’s return on the equity is greater than the costs of the increased price of gold. The GATA claim is that this process had been going on secretly for a number of years, with U.S. private banks making hefty profits using U.S. treasury gold. This process is not illegal – fixing-prices is.
At some point in the process, these banks had loaned out more gold than could be produced by all the gold mines in the world in the next two and a half years. Because the world started viewing the dollar as overvalued, there was a move towards gold, which stood to drive the price of gold up – dangerously so. These banks then had to borrow and sell even more U.S. gold, and then (it is contended) brought in the London banks to support them, to keep the price of gold artificially down. The prices had to be kept artificially low because if there was an actual call on the gold loans by one bank, it would bring them all down like a house of cards. There was not enough physical gold available to make good all the futures being held by the banks.
It has been speculated that it was these banks – with a focus on the American banks -that somehow brought about an attack on the FBI office, using the cover of the airliner assault to destroy the evidence against them. According to this theory, the attack needed to happen before October 9, 2001, when this lawsuit opened in court. It may be fair to speculate that U.S. bank executives were not worried about being convicted for violation of dubious and ambiguous laws. However – win or lose, this report speculates there was at least one group of bank executives that had plenty of reason to worry if this lawsuit saw the open courtroom, and that is the group that set out to destroy the World Trade Center. These are the executives who were worried that an investigation and trial would expose their gold laundering activity.
KEY POINT: This report speculates that gold being sold on the market was not ‘artificially created,’ but rather illegal, stolen gold that needed to be laundered.
How is Gold Being Laundered?
The argument that the attack on the WTC was an attempt to silence an investigation into gold transactions and money laundering has never seriously been considered. In a world that has recently seen reports of the disappearance of 4,000 to 60,000 tons of illegal gold stolen from various national treasuries, no one seems to have asked: How is this gold being laundered? The selling behavior demonstrated by the bullion banks could also be interpreted as selling off huge, illegal gold hoards at a previously agreed upon price point. The hypothesis that a large portion of this may be laundered by the Deutsche Bank becomes more compelling when one focuses on the Deutsche Bank, and its possible reasons for wanting this investigation quashed – which no one, except maybe the FBI, has focused on. The Deutsche Bank (along with Dresdner, and U.S. banks) had been conducting gold sales for years, and, indeed, it was speculated in the GATA suit that the European banks in general had illegally dumped large amounts of their reserve gold to buoy up bank profitability.
The question needs to be asked: What if the German banks, primarily the Deutsche Bank – and possibly some American banks, were not selling their gold reserves, but rather laundering gold for its clients? Until this report, there has been no mention of this possibility. Not too long ago, several previous board members of the Deutsche Bank were indicted for helping high profile clients avoid taxes by laundering money into Switzerland. The bank certainly also had a reputation for the less dignified money laundering activity associated with organized crime and the Chairman of the Deutsche Bank Board admitted the bank “possibly” had been “misused” by these same Russian mafia types, previously linked to the Mossad by this report.
Any serious investigation by the FBI into illegal gold laundering probably would have exposed transactions no one wanted to make public. Any FBI evidence would have to be destroyed, and the investigation stopped. One of the more convenient aspects of the attack on the WTC is that while destroying relevant FBI investigation materials, it also destroyed all U.S. Deutsche Bank records.
The original GATA lawsuit was dismissed, and the FBI investigation was ended. A reorganization of the FBI in 2002 refocused agency attention on terrorism, leaving bank crime to “other agencies.”
What to do with Tons of Illegal Gold
What the GATA and the subsequent suit never considered was that while “large, inexplicable” amounts of gold (estimated at 6,000 to 14,000 tons) were being released on the market by the bullion banks, possibly this was a gold laundering operation. Certainly enough stolen gold had poured into Germany and Switzerland from various sources to explain a majority of the German trades (and possibly trades by U.S. banks as well), and these flows were documented in Heidner’s report:
- 3,000 tons of gold stolen from Russia by the KGB, a theft made public in September 1991 by Grigory Yavlinski;
- 40 tons of Czech gold;
- an undisclosed amount of Third Reich (Nazi) gold stolen from the holocaust victims and their survivors as well as undisclosed treasury gold removed from the banks of conquered countries;
- at least 1,000 tons of Philippines gold from the Marcos family, which had previously been the wealth of the Japanese Imperial family hidden during World War II.
While the early reports of this Philippine treasure were generally regarded by the media as rumor, the story was subsequently well substantiated by the reporting of David Guyatt and others. A major source for this documentation was a death bed statement by Brigadier-General Erle Cocke, in April 2000. Cocke was a banker before he became a black operative. He had worked as a “fixer” for “every President since Truman.” Additionally, he was an Alternate Executive Director of the World Bank for four years, a member of the US delegation to the UN for two years.
As part of this illegal gold movement, it is extremely important to notice where at least 50 tons of it went, because it starts a chain of events involving the banks of Bankers Trust, JP Morgan and the Deutsche Bank Alex Brown. It is also important to note that the gold started to be moved into the market place in the early 1980’s by Marcos himself and in the late 1980’s by his wife. It was during this time that George Bush Sr. got involved.
“The Bush family off-shore money tranches originated with gold bars and jewels spirited out of the Philippines upon the overthrow of Ferdinand Marcos in 1986. The Marcos fortune was the price exacted by Vice President Bush for his being granted asylum in Hawaii. The gold bars were transported from the Philippines to the International Diamond Exchange Vaults near Rockefeller Center. A CIA proprietary firm called Oceaneering International of Houston procured barges to move some of the gold from secured warehouses to a specially-configured Boeing 747 which then flew the cargo to New York. Oceaneering sealifted the remaining gold to Oregon. After George W. Bush’s victory in 2000, the last of the gold and jewels stored in New York were moved to UBS Bank in Zurich. Marcos and Saudi billionaire Adnan Khashoggi set about to create Five Star Trust in 1983 as a means to create a vehicle to use the Philippine wealth to create and funnel fungible assets abroad. In 1989, Five Star Trust was officially established in the Isle of Man by a Houston-based attorney who was a close friend of the Bush family.” [http://www.waynemadsenreport.com]
It should be of historic note that it was three of George Bush’s key aides who played primary roles in convincing President Ronal Reagan to withdraw his support for Marcos, thus forcing Marcos to seek asylum and deal with George Bush Sr.
In answering the question as to “why?” the records point to the conclusion that George HW Bush set up a private funding mechanism for his own personal dark-ops foreign policy.
KEY POINT: This was a fund protected from Congressional oversight and a fund that would allow Bush to authorize and fund operations that violated United States law.
This fund would subsequently be used to wage war against the former Soviet Union by financing Muslim terrorists and Russian mafia oligarchs in his continued efforts to destabilize the Soviet Union. It would be used illegally to fight “Communists” in South America. Some of the Marcos/Bush gold was even considered for use in the Iran-Contra dealings: “In 1985, [Oliver North] attempted to sell 44 tons of Marcos bullion, worth $465 million, on the black market. He blithely suggested skimming $5 million to finance the Nicaraguan contra war, but the deal fell through when North, true to form, stiffed the Israeli middlemen on the Marcos payroll. Tapes and documents implicating American officials in the gold transfers were withheld from the Iran-contra committee by Major General Colin Powell, Defense Secretary Caspar Weinberger and William Odom, director of the NSA. “It wasn’t so much the mention of gold that concerned them,” say Thompson and Kanigher. “It was Marcos talking (on tape) about contributions to U.S. presidential campaigns and the use of the gold proceeds to fund illegal arms deals.” [Iran-Contra Connections to the Oklahoma Bombing, by Alex Constantine © 2000 Alex Constantine. All rights reserved]
This Marcos gold would be a fund the use of which had to be protected from ever being exposed to the world. It would be a fund that investigators housed in the World Trade Center were on the path to uncover. It would provide the basis for the “National Security” rationale for all the cover-up associated with the government investigation of the destruction of the WTC.
Bankers Trust, where Marcos placed his gold in 1982, becomes an important name in this report in that the merger of Bankers Trust (formed by JP Morgan in 1903) and Deutsche Bank Alex Brown was conducted by “Buzz” Krongard, with the assistance of his primary staff assistant, Mayo Shattuck. What it suggests is that Krongard, Shattuck, executives of JP Morgan, and executives of the Deutsche Bank were in a position to be knowledgeable about the illicit gold movements that ultimately were covered up by the destruction of the World Trade Towers. Krongard has been implicated as a potential “person of interest” in the alleged cover-up by the U.S. Government of what really happened on September 11 because of his association to the bank to which many illegal stock trades were traced, and the unexplained ‘shutdown’ of that investigation.
“By profession, Krongard is a banker and formerly was the Chairman and CEO of investment bank Alex. Brown, Inc. In September 1997, Krongard engineered the merger of Alex. Brown with Bankers Trust and became the Vice Chairman of the board of directors of Bankers Trust. A few months later, in January 1998, he was recruited as a “counselor” to CIA boss George Tenet. In March 2001, he was promoted to Executive Director, making him the No. 2 man of the spy agency.” [Project Hammer Reloaded, Part 1 of 2, Nexus Magazine, Volume 10, Number 6 (October-November 2003), David G. Guyatt]
What is not recognized by many is that Krongard’s main assistant at Alex Brown was Mayo Shattuck. Mayo – who was also the personal financial advisor to Edgar Bronfman and Adnan Khashoggi – resigned as CEO of Deutsche Bank, America on September 12, 2001, and went on to become CEO of the company that would replace the bankrupted Enron as the primary energy market maker. Mayo’s Deutsche Bank operation in the WTC was buried on September 11.
Also rarely mentioned is the fact the Senator Carl Levin’s Senate Hearings into U.S. money-laundering identified AB Brown – where Krongard, Shattuck and Beese were the top three executives – as one of the top twenty U.S. banks involved in money-laundering. Finally, one should note that Krongard was mentor to another placement from the CIA training facilities of the U.S. War College and John Hopkins. That protégé was named J. Carter Beese, who was one of George Bush appointees to the board of directors of the Overseas Private Investment Corporation in 1992, and later would become Chairman of Riggs Bank, as well as an SEC Commissioner (appointed by Bush.) J. Carter Beese Jr. was Chairman at Alex from 1994 to 1997, and would move from there to also be vice-chairman of Bankers Trust. Beese went from Banker’s Trust to become President of Riggs Capital Partners, which will later be demonstrated to play a major role in George’s Bush’s 1991 ten-year bond fraud, one of the major drivers behind the September 11 tragedy. Beese was the son of an FBI agent. Beese, like many CIA trainees, would have his life ended in April 2007 with a reported suicide, at the age of 50.
It also suggests that the management of the JP Morgan syndicate of financial institutions was in a position to be aware of these illegal gold transactions, as were other American financial institutions such as Citibank and Drexel.
Continued on next page…
