Enron,
investment espionage and the White House
www.stewwebb.com
Active
CIA and FBI agents were “loaned” to Enron for corporate espionage tied to
offshore special purpose entities, pre-9/11 insider trading and profits of death
by Tom Flocco
[This story was originally published on July 16, 2002. It is being reprinted
as Enron executives testify in court about the corporation’s usage of Special
Purpose Entities (SPE’s) in off-shore accounts which bankrupted the energy
giant. A U.S. intelligence source told TomFlocco.com that the Enron SPE’s were
directly linked to Senator
Hillary Clinton’s secret CIA proprietary account at Crozier Bank in Grenada
and other off-shore accounts containing stolen and laundered U.S. Treasury
funds. TF]
Washington—April 19, 2006—TomFlocco.com—There is growing evidence
that the FBI and other government intelligence entities are more closely linked
to the documented accumulation of pre-9/11 insider trading profits than was
originally thought.
|
But the Joint
Congressional Intelligence Committee has not publicly referred to prior
knowledge of the attacks as it relates to stock transaction profits, while also
failing to publicize the critical Securities and Exchange Commission (SEC)
“control list” report tracing what in effect were stock trading profits of
death.
During a phone interview, Central Intelligence Agency (CIA) spokesman Tom
Crispell denied that the CIA was monitoring “real-time,” pre-September 11
stock trading activity within U.S. borders using such software as the
Prosecutor’s Management Information System (PROMIS) or the Echelon satellite
monitoring system.
When we asked Crispell whether the CIA had been scrutinizing world financial
markets for national security purposes, he replied, “I have no way of knowing
what operations are [being affected by our assets] outside the country.”
CIA and 9-11 investment espionage linked to Enron
A January 23, 2002 Houston Chronicle report revealed that Enron
Corporation’s top security team, including four former CIA officers and an ex
FBI agent left the company to form a private firm, Secure Solutions
International (SSI), while continuing with Enron via a consulting contract.
John W. Presley, the FBI agent now heading SSI could not be reached for comment.
But the team probed a “variety of allegations of fraud and other kinds of
rule-breaking by Enron workers,” according to the Chronicle.
Team member and former CIA agent David M. Cromley’s business biography at
Enron listed him as Enron’s director of business analysis, the Chronicle
reported, adding that Cromley gave Enron executives “detailed and unique
information” allowing them to make “investments, sales of assets, joint
ventures and [financial] products.”
But no public information has been forthcoming as to whether such “detailed
and unique information” or sensitive CIA software was used in conjunction with
Enron’s controversial off-shore investment products, or whether their missing
assets may have been employed in what former German Minister of Technology,
Andreas von Bulow, estimated at $15 billion in insider trading profits. (Tagesspiegel
, Berlin, 1-13-2002)
Von Bulow then buttressed his astounding charges: “26 intelligence services in
the U.S. with a budget of $30 billion....For 60 decisive minutes, the military
and intelligence let fighter jets stay on the ground....48 hours later, however,
the FBI presented a list of suicide hijackers. But within ten days, it emerged
that seven of them were still alive.”
An examination of SSI’s website revealed that its corporate members have
“managed cutting-edge counterterrorism and counter-proliferation operations
for the CIA, implemented advanced technical information and security programs
for the CIA, and conducted a wide range of investigations for the FBI,” while
also “overseeing all security arrangements for several large gas pipeline
companies.”
It is yet to be determined if Congress or Special Prosecutor Patrick Fitzgerald
will publicly question CIA Director George Tenet or FBI Director Robert Mueller
as to specifically confirm whether CIA and FBI employees were "loaned"
to Enron's corporate espionage program, involved in personal pre 9/11 insider
trading, or merely relaying sensitive insider political information to others
involved in prior knowledge of the attacks.
Fraud-racked Enron has had at least 20 CIA agents on the payroll in the last
eight years. But while the Houston Chronicle reported the operatives as
“former” CIA, a February 26, 2002 National Enquirer story quoted a
top Washington insider familiar with several secret investigations into Enron as
reporting that they were active CIA—given “leaves of absence without pay and
put on the Enron payroll.”
The source added that Enron’s CIA members used “info gleaned from a
satellite project called ‘Echelon,’ which intercepted emails, phone calls
and faxes with detailed business information,” adding that “pure and simple,
[taxpayer-funded] U.S. intelligence agents were involved in corporate
espionage.”
Another Enquirer source with ties to the CIA revealed that "the cozy
deal between Enron and the CIA allowed the 'on-loan' undercover operatives to
return to the Agency's payroll before Enron's collapse."
CIA links to the U.S. financial community traverse a curious variety of
unexamined threads; and mega-money conglomerate Citigroup has allegedly been
repeatedly charged with money laundering, while its board of directors includes
John Deutch, former CIA Director, Robert Rubin, former Treasury Secretary and
intimate friend of Enron’s Ken Lay, and former CIA Executive Director Nora
Slatkin.
Senate and House links to terrorist financier
Congress has a close CIA link. Former Senate Joint Intelligence Co-Chairman Bob
Graham and his House Intelligence Co-Chairman and former CIA operative Porter
Goss were meeting with the Chief of the Pakistani Intelligence Service on the
morning of the Sept.11 attacks, according to published reports.
Wide reports link two intelligence leaders in the Senate and House directly to
the leader of Pakistan's intelligence arm, The Inter-Services Intelligence (ISI),
and indirectly to the leader of the 9/11 Hijackers.
 |
|
Lt.
General Mahmud Ahmad
|
A Times of India
(10-12-2001) story revealed that Pakistani ISA Director General Lt. General
Mahmud Ahmad sought retirement after the U.S. attacks—confirmed by top sources
in India, because of evidence produced by India showing his links to alleged
“hijacker” Mohammed Atta,
The Times said that "U.S. authorities sought his [Ahmad's] removal
after confirming the fact that $100,000 was wired to WTC hijacker Mohammed Atta
from Pakistan by Ahmad Umar Sheikh on the instructions of ISI Lt. General
Ahmad."
Senior [U.S.] government sources "have confirmed that India contributed
significantly to establishing the link between the money transfer and the role
played by the dismissed ISI chief."
The Times added that "while they did not provide details, they said
that Indian inputs, including Sheikh's mobile phone number, helped the FBI in
tracing and establishing the link."
Serious questions remain as former Senate Joint Intelligence Co-Chairman Bob
Graham (D-FL) and his House Intelligence Co-Chairman, former CIA operative
Porter Goss (R-FL—now CIA Director), were meeting with ISI Chief, Lt. General
Mahmud Ahmad on the morning of the September 11 attacks according to wide
reports.
These and other growing connections indicating prior knowledge of the attacks
also make a case for how the profits of death were accumulated by insider
trading via the U.S. Stock Market; but the SEC will not release its
"Control List" of suspicious stock trades involving companies and
airlines directly related to the attacks.
Congress allowed FBI to cover up secret SEC “control list”
According to the San Francisco Chronicle (10-19-01), the SEC privately
asked North American securities firms to participate in an information-sharing
system to trace “large numbers of trades in securities of companies [directly]
affected by the attacks.
Curiously, the SEC asked companies “to designate senior personnel who
appreciate ‘the sensitive nature’ of the case [pre-attack insider trading],
and can be relied upon to ‘exercise appropriate discretion,’ as ‘point’
people linking government investigators and the [securities] industry,”
specifically requesting names, titles, phone numbers and e-mail of the
designated senior personnel.
On October 2, 2001, Canadian securities officials confirmed that the SEC had
asked firms to review records for 38 companies, suggesting that some buyers and
sellers might have had advance knowledge of the attacks.
Congress has allowed the FBI to refuse to make public what the Chronicle
reported as an SEC “control list” containing confidential information about
transactions, individuals, relationships, and entities identified by the FBI and
other law enforcement agencies in the probe.
The existence of the SEC list would still be a secret if not for an accidental
leak via the Canadian securities officials.
There is as yet no reporting regarding whether the “entities” were SPE’s
linked to Enron. The SEC added, “Because the control list contains
confidential information, we ask that you disseminate it within your institution
only on a need-to-know basis.”
The Wall Street Journal (10-2-2002) reported that the Secret Service was
also probing an unusually high volume of five-year U.S. Treasury note purchases
made prior to the attacks—one purchase included a single $5 billion trade.
Treasury notes are among the best investments in the event of a world crisis,
with their value having risen substantially in the days after September 11.
Moreover, the Associated Press reported that a German Central Bank study
strongly pointed to “terrorism insider trading” not only in airline and
insurance companies but also in gold and oil futures, all of which resulted in
millions of dollars linked to pre-attack insider trading—that is, having prior
knowledge as to when the event would occur.
Enron, Deutsche Bank & Mayer, Brown and Platt
Evidence allegedly linking Deutsche Bank (DB) to terrorists and 9-11 insider
trading is clearly quite extraordinary: 1) The alleged “hijacker”
pilot and two accomplices had bank accounts at its Hamburg branch, 2) One
of DB’s unnamed private investors never claimed $2.5 million in United
Airlines put option contract profits following the attacks, 3) Its global
“private banking” chief Mayo Shattuck III, resigned the day following the
attacks in the middle of a three-year $40 million contract to become an energy
executive, 4) DB hired away SEC enforcement and investigation chief
Richard Walker just 20 days after the attacks, 5) Its recent senior
investment banker Kevin Ingram pleaded guilty to money laundering involving
Stinger missiles and multiple varieties of arms sales to Pakistani and Egyptian
citizens just 14 days prior to Sept.11, and 6) Deutsche Bank was
connected to 9-11 insider trading but Congress has not questioned former Alex (A.B.)
Brown division head A. B. “Buzzy” Krongard—later appointed by George Bush
as Executive Director (number three) of the CIA—regarding intelligence and
“real-time” stock trade monitoring.
More extraordinary, however, is the fact that Congress, the Bush administration
and the Justice Department ignored this critical evidence which has yet to be
publicly presented in a court of law.
European reporters found that much of the suspicious pre-attack trading passed
through Deutsche Bank and especially via CIA Executive Director A.B.
Krongard’s former Alex Brown investment division by means of a procedure
called portage, which assures the anonymity of individuals making the
transactions.
CFO.com, an online site for corporate executives, revealed on 1-28-2002
that Deutsche Bank bank was a limited partner in either the controversial Enron
special purpose entities (SPEs) LJM or Chewco—off balance sheets and off-shore
products heavily involved in Enron’s demise, and run by Enron CFO Andrew
Fastow.
 |
|
William
R. McLucas
|
 |
|
John
P. Schmitz
|