Iran Contra Frauds and The Denver Illuminati Zionist Connection
Stew Webb Whistleblowers Witness Al Martin Iran-Contra Whistleblower
After Publishing Al Martin’s book and agreeing to 10% of the profits for doing so and I have never recieved a dime I have made this portion of his book public on my website last year because it was used in U.S. District Court filings in 2012 against my former Father-in-law Leonard Millman The Denver Illuminati Zionist Connection to the Bush Organized Crime Syndicate. In 1995 after filing for a Grand Jury Demand in Denvers US District Court and testifying before a Federal Judge to warrant a grand jury. Judge Richard Matsch ordered the U.S. Attorney Henry Solano to hear us out myself Stew Webb, Al Martin and others. We were all nearly killed for doing so I was hit with anthrax, Al Martin was jailed illegally for 45 days under a fictious name Peter Kawaja was nearly killed the Grand Jury case number 95-Y-107 has never been heard or dismissed to date.
Millman was partners with George HW Bush, Jeb Bush, Neil Bush, George W. Bush, Bill Clinton, Hillary Clinton, Norman Browstein, Allen Karsh, John Gotti, Larry Mizel, Phil Winn and many other Organized Crime Figures who have robbed and looted America.
I refiled against Leonard Millman in U.S. District Court Case No: 12-CV-2588 EFM/GLR Filed September 5, 2012 for Mortgage and Bank Bailout scams and injuctive relief for attempted murder on this Whistleblower October 2010 with a car roll over 3 times on a concrete barrier by FBI.
http://www.stewwebb.com/COMPLAINT_FOR_INJUNCTIVE_RELIEF_20120905.htm
http://www.stewwebb.com/Henry_Solano_Former_Denver_US_Attorney_Obstructed_Justice_20120414.htm
http://www.stewwebb.com/95Y107-Payment.JPG
http://www.stewwebb.com/Stew_Webb_vs_Kerre_Millman_Civil_RICO_July_31_1997_case_97_N_1498.htm
The Conspirators
Secrets of an Iran-Contra Insider
By Lt. Cmdr. Al Martin (US Navy, Ret.)
Copyright 2000, Al Martin. All Rights Reserved
Table of Contents
Chapter 1 Confidential File: Alexander S. Martin……………………………………………….…3
Chapter 2 The NPO and Operation Sledgehammer……………………………………………. 14
Chapter 3 Oliver North: The Money Laundering Drug Smuggling “Patriot”……. 26
Chapter 4 “Do Nothing” Janet Reno and Iran-Contra Suppression………………..….. 42
Chapter 5 Classified Illegal Operations: Cordoba Harbor and Screw Worm ……..50
Chapter6 The Don Austin Denver HUD Fraud Case …………………………………..….. 66
Chapter 7 Bush Family Fraud & Iran-Contra Profiteering ……………………………… 72
Chapter 8 Insider Stock Swindles for “The Cause”…………………………………………….89
Chapter 9 Corporate Fraud, Stock Fraud and Other Scams………………………………106
Chapter 10 The Tri-Lateral Investment Group – Bush Family Fraud…………………. 114
Chapter 11 Lawrence Richard Hamil: The US Government’s Con Man…………… 122
Chapter 12 US Government Narcotics Smuggling & Illicit Weapons Sales……… 136
Chapter 13 US Government Sanctioned Drug Trafficking ……………………………….. 141
Chapter 14 The Chinese Connection: US Weapons & High Tech Graft…………….. 156
Chapter 15 More Iran-Contra Stories: Both Humorous & Salient …………………… 171
Chapter 16 Chinese Money for US Weapons …………………………………………………….185
Chapter 17 US Government Narcotics Smuggling (Part 2) ……………………….… 192
Chapter 18 In Hiding Again ……………………………………………………………………………..209
Chapter 19 Corporate Fraud, Government Fraud and More Fraud……………………224
Chapter 20 The Real Story of Operation Watchtower…………………………………………234
Chapter 21 KGB & East German Activities in the US (1985-87)…………………………..240
Chapter 22 The Woman in Red (And Black)…………………………………………………………252
Chapter 23 Bush Family Corporate, Real Estate, and Bank Frauds…………………….260
Chapter 24 Iran-Contra Real Estate Fraud…………………………………………………………..277
Chapter 25 More Chinese-Military Connections…………………………………………………288
Chapter 26 ONI, CZX & Orpheus. ………………………………………………………………… 295
NOTE: To all reading this I suggest you buy Al Martin’s book: http://www.almartinraw.com
The below is just some of Al Martin’s evidence to be present against Leonard Millman:
Exerts from The Conspirators by Iran Contra Whistleblower Al Martin
Trinity Oil and Gas purchased Argentine and Brazilian oil and gas leases for about
RE: Leonard Millman, Stew Webb’s ex-in-law
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$30,000 or $40,000 per lease from Gulf Oil Drilling Supply.
Of course, these leases were effectively worthless.
Gulf Oil Drilling Supply obtained these leases originally from Zapata. They bought
these leases for a dollar each from Bush-controlled Zapata Oil, which had held these
leases for some time. But they were tantamount to worthless.
Suddenly these leases are effectively given from father to son and they wind up in
the hands of the Jeb Bush-controlled Gulf Oil Drilling Supply Company.
Gulf Oil Drilling Supply Company hypothecated these leases, borrowed money from
these leases with numerous Iran-Contra friendly banks in the Miami area, principally
Capitol Bank.
Later they would default on these loans, and when Brazilian authorities got word that
these leased areas were being used for fraudulent purposes in the United States,
Brazilian authorities mounted an investigation.
It was a half-assed investigation, but it was enough for Jeb Bush to disgorge. He
didn’t want anything more to do with these leases, so consequently he sold them to
Trinity Oil and Gas, which again made the same claims that Gulf Oil Drilling Supply
Company had previously made. They said that these leases were, of course, fabulously
valuable, when in fact, they were tantamount to worthless.
To further illustrate the Arkansas connection to Trinity Oil and Gas, it should be
noted that the general counsels with the law firm of Rose and Hubbel — their bank was
another infamous Arkansas Iran-Contra bank — the Twin Cities Bank of North Little
Rock, Arkansas.
The officer there, later a Director of the bank who handled the account was the
infamous Jonathan Flake. Flake was the one who helped Seal and Hamil put together
limited partnerships and syndications, while the bank provided bridge loans.
Also, in general partnerships of oil production, proved up production (which they
didn’t have, but they simply made it appear that they had), interests were sold by, of all
people, Dan Lasater.
Flake, by the way, was an officer and Director of Twin Cities Bank of North Little
Rock — a key figure in Iran-Contra fraud in Arkansas.
Flake was involved in numerous oil and gas scams and bogus real estate limited
partnerships that the bank also marketed and/or financed. He was also involved with
numerous U.S. congressmen.
In all of these bogus oil and gas deals or bogus real estate deals that Congressman
Alexander, Congressman Solarz, Congressman Dellums and others got hurt, the
common factor is Twin Cities Bank of North Little Rock Arkansas and its senior loan
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officer and later Director, Jonathan Flake.
A precise example of Flake’s involvement would be that Twin Cities Bank of North
Little Rock was both was a submarketer through its securities division as well as a
financier in terms of holding non-recourse and fully recourse paper on bogus limited
partnerships.
However, Flake was directly involved in the marketing and subsequently financing
of the fraudulent real estate investment trust known as the Boulder Property Limited
Series of Partnerships.
It was through these partnerships that Congressman Alexander lost about $3 million.
Now Alexander didn’t actually lose the $3 million. He didn’t have it to lose. But he was
forced to default on the debt and forced to declare personal bankruptcy because of it.
Later we will agains touch on Twin Cities Bank of North Little Rock, Arkansas, and
see how that bank is a key element in the so-called Denver Daisy Chain.
Through this bank, it will be possible to see that Neil Bush was a substantially larger
Iran-Contra fraud and Iran-Contra profiteering player than the public has been led to
believe because there is a direct connection between Silverado and the Twin Cities
Bank of North Little Rock.
That connection exists through Phil Winn of the Winn Group in Denver and his
partners Leonard Millman and Steve Mizel, as well as Millman’s company, MDC
Holdings, a publicly listed company and its then brokerage subsidiary, the National
Brokerage Group.
These are all infamous Iran-Contra artifices, but we are going to explore in the Denver
Daisy Chain and make the connection between the Denver frauds and how that filters
through Arkansas. This is an area which has not been extensively researched in the
past.
Moving on to the infamous Gulf Oil Drilling Supply Company — this was Jeb Bush’s
favorite oil and gas fraudulent artifice. Many of these Iran-Contra frauds would
borrow names from large existing well-known corporations, such as “Gulf.”
You will see in virtually every oil and gas fraud in Iran-Contra the word “Gulf” is
used.
However, it is commonly and correctly presumed that the word “Gulf,” as in Gulf
Coast Investment Group and its subsidiaries refers to the southeastern United States
region, meaning “Gulf,” which is the common presumption.
In the case of Gulf Oil Drilling Supply — Jeb Bush’s deal — that referred to the Arabian
Gulf. This is not commonly known publicly. But it really should be.
It’s rather obvious when one looks where Gulf Oil Drilling Supply Company
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supposedly did business.
Its principal foreign office was in Bahrain, which was headed by, of course, Richard
Secord.
Gulf Oil Drilling Supply of Miami, New York and Bahrain was, I believe, a more
sizeable fraud than has been publicly thought in the past.
When one adds up total losses taken by banks and security houses, it is in the $300 or
$400 million range, so it is what I would consider to be a medium to larger size fraud.
The fraud was rather simple.
Richard Secord arranged through then Vice President George Bush Sr.’s old friend,
Ghaith Pharaon, the then retired head of Saudi intelligence, for Gulf Oil and Drilling to
purchase from the Saudi government oil and gas leases in the Gulf which were
effectively worthless.
As you know, most Gulf Oil production is onshore and not offshore.
The reason is that it is very expensive to extract offshore.
And, of course, these leases would be dummied up, then prettied up to make them
look like they were just worth a goddamn fortune.
The leases again would be hypothecated or borrowed against in some other fashion,
again, through Intercontinental Bank, Great American Bank and Trust of West Palm
Beach which subsequently failed under the weight of unpaid Iran-Contra loans.
Marvin Warner, of course, was the chairman of that bank. Also, in the case of Gulf
Oil Drilling Supply, there was some moderately large international lending to that
company.
As you would suspect, it was principally out of the old George Bush friendly banks —
Credit Lyonnais and Banque Paribas, which, combined lent $60 million dollars to Gulf
Oil Drilling Supply, which, of course was defaulted on later.
It has always been my personal opinion that the reason the Kerry Committee, the
Hughes Committee, the Alexander Committee, and other Iran-Contra investigating
committees on the Hill as well as some people in the media shied away from Gulf Oil
Drilling Supply — and why there is so little known about it publicly — is because it
directly relates to the great conundrum.
The minute it is seen that Gulf Oil Drilling Supply had relationships with Credit
Lyonnais, Banque Paribas and others — that puts it in a whole different much higher
realm.
The old George Bush connections of deep old fraud is something that everyone in the
media and on the Hill is frightened of because — if you started with Gulf Oil Drilling
Supply and investigated it to its logical conclusion, you get into that whole bigger
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picture where there is multi-billion dollar fraud — something no one really wants to
look at.
And Gulf Oil Drilling Supply is very difficult to segregate, to look at it as one
individual company, or one individual fraud, or a series of frauds because it’s really
much more than that — and it taps into a much larger pre-existing fraud.
However, I would certainly recommend that it be pursued, since I have substantial
information about Gulf Oil Drilling Supply (I did business with them and with the
Orca Supply Company).
In some cases, I repackaged the worthless leases into other partnership deals. But I
do have substantial information about it.
There is a lot more information available about Gulf Oil Drilling Supply than is
commonly presumed, because when Iran-Contra unraveled the day after Thanksgiving
1986, there was a big effort to classify documents concerning Gulf Oil Drilling Supply.
There wasn’t any effort made to hide them under correct analysis that no one would
want to get into the deal and really pick it apart for fear of that big bugaboo — for fear
of getting into the bigger picture of the deep old frauds.
It should also be noted that Gulf Oil Drilling Supply also retained banking
relationships with the Bank of Greece, Union Bank of Switzerland, and Jarlska Bank of
Copenhagen.
One need only look to see who was on the Board of Advisers of Gulf Oil Drilling
Supply to see what the fraud was all about — essentially the old cast of characters.
Ghaith Pharaon was on the Board of Advisers.
Andre Papandreou, the former Prime Minister of Greece was on the Board of
Directors.
Marcel Dessault, Jr., the old man’s son, was on the Board of Advisers.
And, of course, we see these names again, again and again in Iran-Contra frauds as
you saw these names ten and twenty years earlier in other type of Bush-orchestrated
frauds.
To get back to Trinity Oil and Gas — I wanted to mention something that’s been
completely overlooked. Trinity Oil and Gas was a publicly listed company for a short
period of time on the pink sheets.
It was a deal that was done in part through Meyer Blinder (Blinder Robinson
Securities in Denver) as well as Atlantic Securities, Balfour McClain Securities, Singer
Island Securities.
All of these companies had the same ownership through the National Brokerage
Group of Denver.
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Trinity Oil and Gas was backed into a shell which was then pumped up. The stock
traded as high as a dollar before the deal collapsed.
But returning to Trinity Oil and Gas — a good example of what I would list as a passthrough
fraud, that is, a nuts to bolts fraud.
The company is started as a fraud to legitimize flow of funds from Iran-Contra
sympathizers to the hands of Oliver North and Richard Secord and others. Then it
would pass into the hands of the political parties and the various members of the Bush
family who had financial interest in Trinity Oil and Gas vis-a-vis the connection
between Trinity and their own corporations.
What I mean by “pass-through” is not only was the oil-and-gas part of it a fraud (to
defraud banks and securities firms), but you then back it into a public shell — start it
out at three or four cents a share and pump it up to a dollar.
That is simply another way to exploit the fraud.
We have taken an oil and gas fraud, moved it into a banking fraud, then into a
securities fraud. It’s called squeezing every last penny of fraud out of the initial fraud,
which is not directed towards anything else.
In the Florida connections (during 1983 to 1986) I was friendly with Charlie Harper,
then SEC Commissioner from Miami.
I used to see Charlie. Charlie used to go to a lot of Republican functions. Charlie was
also a team player, and when I mentioned the Trinity Oil and Gas, and Gulf Oil
Drilling Supply, Charlie said that those were on his “red flag” list — personally
provided to him from his superiors in Washington. These were deals that he was not to
look at or investigate.
Subsequently, in my 1987 testimony before the Kerry Committee, I had mentioned
this to Jeff Goldberg, then Counsel for John Kerry’s office, and they approached Harper.
Harper immediately denied that such a list existed, and three weeks later, of course,
Charlie was promoted to Regional SEC Commissioner in Atlanta.
Of course, at this time, Mr. Harper was also unable to explain where the money had
come from for him to purchase a $350,000 vacation home in the out islands, and where
the money had come from for his sailboat and his Cessna 210 airplane.
He had always claimed that he was an honest public servant, living on his salary of $
68,932 a year.
It should further be noted that when the Kerry Committee attempted to ask then-
Florida State Controller, Gerald Lewis (the cousin, by the way, of the infamous Marvin
Warner) and later subpoena him as to why he had not investigated certain security
transactions and businesses ongoing in Florida such as the Gulf Coast Investment
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Group, Trinity Oil and Gas, and the Gulf Oil Drilling Supply Company, the comptroller
promptly resigned his position and elected to take an extended vacation in his luxury
Caribbean home, which he purchased for the equivalent of ten years his public salary.
10. The Trilateral Investment Group Fraud
I’d like to discuss another infamous Iran-Contra cut-out — the Tri-Lateral Investment
Group, Ltd. This was another offshore corporation formed early in 1984 by Larry
Hamil and included as either its officers, principals, or directors, of Richard Secord,
Oliver North, Jeb Bush, Gen. Aderholt, and the infamous, sinister and dreaded Col.
Robert Steele.
Steele, by the way, now runs a business in McLean, Virginia called Outsource
Computers, Inc., whose soul contractee is the National Security Agency.
Anyway I wanted to use the Tri-Lateral Investment Group as a good example of one
business which incorporated all phases of the old right-wing favorite frauds, i.e. oil and
gas, real estate, gold bullion, aircraft brokerage, security and banking fraud, insurance
fraud. They were all wrapped up into one.
What Tri-Lateral would in real estate, for instance, would be to form various
fraudulent real estate investment trusts, which didn’t exist as anything more than
paperwork in somebody’s file drawer. They would take out leases on the land, build a
few models, get bridge loans, rehypothecate the bridge loans and so forth.
The net result is that in the end, the project would collapse, and $20 or $30 million
would disappear.
But on the real estate end of transactions, Tri-Lateral is interesting for its
involvements in a very infamous fraud — the Topsail Development, Ltd. Fraud of
Pensacola, Florida.
This was the famous diversion of 22,000 acres in central Florida, which was financed
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by original bridge loans from the American Bank and Trust of Pensacola, Florida,
which at that time was owned by BCCI.
It seemed odd at the time, but this was not known until some years later. People
thought it was odd that BCCI would own a little nickel and dime commercial bank in
Pensacola, but it was essentially to launder money and to provide bridge financing for
Iran-Contra profiteering.
In 1988, the American Bank and Trust of Pensacola, Florida collapsed under the
weight of unrepaid illicit Iran-Contra loans. The Topsail Development deal was the
largest real estate fraud ever committed in the United States. It was ultimately bailed
out by the Coca-Cola Corporation through those Belizian transactions.
Tri-Lateral Investment Group had become involved in that transaction vis-a-vis the
leases that Tri-Lateral held through Larry Hamil on 45,000 acres of coastal Belizian
property.
All it ever was — was a first right of refusal and tenuous leases. The land was never
actually owned by Tri-Lateral. The loans, by the way, the $9 million in bridge loans to
purchase the lease on those lands, came from Great American Bank and Trust of West
Palm Beach.
Marvin Warner personally approved the loans. I was involved in several meetings. I
was sitting there, as a matter of fact, when Marvin Warner was there and Hamil and
Secord and others to discuss the bridge loan.
Naturally, this $9 million was never paid back, but that was the intent.
Simply transferring money from the bank into other people’s hands ostensibly for
“The Cause” which we all chuckled about, as everyone knew that it was essentially
going into other people’s pockets.
As history recounts, of course, Great American Bank and Trust also failed in 1988
under the weight of unrepaid illicit Iran-Contra loans, to the extent of about $156
million that wasn’t repaid.
In terms of oil and gas, Tri-Lateral also had an interest in Gulf Coast Investment, Ltd.,
which held a lot of marginal oil production and limestone production in Tennessee,
Kentucky, and Oklahoma.
The old one-a-day pumper routine. In oil terms, what’s known as the Knox in Clay
County, Kentucky that extends up around Olney, Illinois. These are all beat out one-aday
pumpers, one-barrel-a-day, two-barrel-a-day pumpers that have been around for
fifty years.
Hamil made them look like they were simply pumping thousands of barrels a day.
What Tri-Lateral would do was to take its supposed proprietary interest in Gulf Coast
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Investment Group. Make it appear, in fact, this proprietary interest was worth a lot
more than it was.
It would then hypothecate that interest to commercial loans, principally out of
Citibank. It would then purchase with this money Citibank’s securities, mostly Citibank
bonds.
I remember the large amount of the coupons in 1993 that Tri-Lateral held with money
it was lent by Citibank.
The notes would then be held at Merrill Lynch, where they would be margined out.
Then the money, again, would be put into something else, usually a bankers
acceptances, often at Chase Manhattan.
What I’m trying to say is that you start with $100,000 and at the end of a series of
frauds that $100,000 is essentially turned into a $10,000,000 house of cards, of which
perhaps $5,000,000 in cash was actually extracted before the whole house of cards falls
down.
As I’ve said before. what made this possible is that all the financial intermediaries,
banks, brokerage houses, or security companies, were all determined “Iran-Contra
friendly.”
Again, essentially it was transferring wealth from a bank, from a brokerage, from
investors, from one pocket to another.
Another reason I wanted to mention the Tri-Lateral Investment Group is that it was
deals concerning the Tri-Lateral Investment Group which eventually forced the
downfall of Richard Hamil in May 1985.
When Hamil was transferring all that cash out of Union Bank of Switzerland (in so
many of these frauds I was involved with or familiar with or marketed or whatever)
Union Bank of Switzerland was invariably the butt end of the fraud.
In other words, it was the last place a fraud was hypothecated. It was where the final
cash would be extracted.
You can pretty well see that the government of the United States admits that in its
famous Lake Resources civil suit against Richard Secord, which was filed in 1991.
The government makes the admission, that during this 1983 to 1986 time frame, that it
had funded a variety of frauds on behalf of Richard Secord, and that Richard Secord
was its authorized agent.
In fact, they admitted that the CIA had had a longstanding relationship with the
Union Bank of Switzerland and that many powerful Republican interests also had a
longstanding relationship with the Union Bank of Switzerland.
The problem was that UBS was always supposed to be made whole in the end. As I
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attempted to describe these frauds before, the last agent had to be made whole.
The last big agent in this case was UBS.
Unfortunately, Richard Hamil and Richard Secord did not make UBS whole — all that
money that Hamil transported in physical cash they laundered through Zurich.
Hamil would board a plane. He would fly to Curaçao. The money would get
deposited at Banque Z in Curaçao, and then the money would be re-transferred to a
Banque Paribas branch in Belize City.
People tried to trace that down before and they found out there isn’t any branch there.
Well, yes there is. It’s not incorporated in Belize, however. It’s an offshore branch of
Banque Paribas Panama Branch.
This was the ultimate deep repository for Secord and Hamil, where the money
ultimately got skimmed off, which ultimately accumulated to about sixteen and twothird
million dollars, as I later identified in a whistleblower complaint to the
government and to the Treasury Department.
The Treasury Department duly informed me that they had found about sixteen and
two-third million dollars in the account.
I had known in 1985 the account had contained about eight million dollars. And I
didn’t know what transactions had been committed after that time, or how much that
account was ultimately worth.
I would add a personal note here. This was another whistleblower complaint that I
got screwed out of.
I had been promised and I still have the letter, as a matter of fact, from the Treasury
Department’s FARCO (Foreign Asset Recovery Control Office) then under Rich
Newcomb that I would receive a $623,000 finders fee for the identification of that
account, which the United States government subsequently froze.
However, I was then informed that under that 1986 Administrative Whistleblower
Act, that there were pre-existing claims or pre-existing information, which of course the
Treasury Department doesn’t have to tell you what they are or anything.
I have complained bitterly before about the holes in that Whistleblower Act that you
could drive a truck through.
I’ve never known anyone who’s identified a surreptitious account that’s ever received
a finder’s fee that they’re supposedly entitled to by the law.
The Tri-Lateral Investment Group, Ltd. is also one of the deals (one of the very few
deals, perhaps only a few dozen deals in that era by this group of guys) that you could
connect Jeb, Neil, George, Jr., Prescott, and Wally Bush.
All five — you can put in the Tri-Lateral Investment Group, Ltd.
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You can put Neil in it vis-a-vis Tri-Lateral’s dealings with Neil’s Gulf Stream Realty.
Then you back up a step and put Neil Bush into Tri-Lateral Investment Group’s
dealings with the Winn Financial Group of Denver run by the infamous former
Ambassador to Switzerland, Phillip Winn.
You can put George, Jr. in the deal vis-a-vis the Tri-Lateral Group Ltd.’s fraudulent
relationship with American Insurance General (AIG) , of which George, Jr. was a part
through the same series of fraudulent fidelity guarantee instruments issued on behalf
of Harken Energy from American Insurance General. Tri-Lateral Investment Group
then sold bogus oil and gas leases to AIG.
This is a direct fraud that George, Jr. profited to the extent of (not a lot) $1.6 or $1.7
million. But it was a clear out-and-out fraud.
Finally, I want to make note of the Tri-Lateral Investment Group because I think it’s
worth noting that it was allegations of receiving illicit campaign donations from the
Tri-Lateral Investment Group which ultimately led to the defeat of Republican Senator
Paula Hawkins in 1986.
Tri-Lateral Investment Group (in terms of gold bullion fraud, another old right-wing
favorite for the generation of illegal, covert revenue streams) was also involved in that
20,000 ounce transaction that Larry Hamil and Richard Secord did.
I use Larry and Richard Hamil interchangeably but the man’s real name is Lawrence
Richard Hamil. In various public documents and in congressional testimony, he is often
referred to as either Larry Hamil or Richard Hamil.
Anyway, Hamil had in conjunction with Richard Secord (using a letter of
recommendation from Jeb Bush) borrowed money from Citibank to buy 20,000 ounces
of gold bullion from Deak Perrera in New York.
The said bullion was then transferred to the Royal Trust Bank of Canada, actually its
branch in Nassau, the Bahamas.
The bank then issued a bonded warehouse receipt, as it is entitled to do. The Nassau
branch of the Royal Trust Bank of Canada is authorized to issue bonded warehouse
receipts. The said bonded warehouse receipts — at the price of gold at that time was
perhaps $7 million worth of bullion.
The said bonded warehouse receipts are then rehypothecated back here in the United
States through a variety of Iran-Contra friendly institutions.
Ultimately, Hamil and Secord hypothecate the same 20,000 ounces of bullion thirteen
times. At thirteen different lending institutions. This is one of the oldest tricks in the
book. The gold bullion trick.
I mean this was Jack Terrell’s original scheme. This was a scheme that had been used
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in the 1970s by the CIA. The hypothecation of gold bullion in ten different places.
Of course, those deals all fell apart in the end.
By the end of 1986, all those deals fell apart. And as usual, the bank simply wrote off
the money — about 2.3 million dollars. It was about a 2.3 million dollar loan issued by
Bayshore Bank and Trust of Miami, Florida and this was certainly one of the lynchpin
loans which involved Jack Singlaub.
Gen. Jack Singlaub was the one that got the money. Of course, this was probably the
straw that broke the camel’s back — which caused Bayshore Bank to fail.
The reason why the media doesn’t like to go after it because it is cumbersome and
tedious. But you can see how one fraud started out with two Iran-Contra players —
Larry Hamil and Richard Secord. And yet, you can see all the way through the
transaction of these frauds how others benefitted.
In this case, Gen. Singlaub. And the common denominator in so many of these
frauds, is Jeb, Neil, George, Jr., Prescott, and Wally Bush. There have been very few
that have made a real effort to put all this together.
One thing that’s interesting to note here is why Lawrence Richard Hamil continues to
be so hot today — to this day in fact?
Why is it he can never be found?
Why is it he is either in jail or out of jail?
When he’s in jail, there’s never any records that he’s ever been in jail?
Why is that he’s still both protected and punished by certain people in the
government?
What are the texts of his old and deep relationships with the Department of Defense
and the Department of Justice and so forth?
The principal reason why?
Just examine his frauds.
Look at all the people involved (who are still in office today, or seeking a higher
office, or in certain agencies who have been promoted) in Hamil’s principal group of
frauds: Gulf Coast Investment Group, Tri-Lateral Investment Group, LRH Associates,
Trinity Oil and Gas and a few others.
There’s perhaps six at the very top of the list of all the hundreds of corporations that
he’s formed.
But look at the people who can be hurt, and, in some cases, who have been hurt.
Look at those involved. Look at the number of Republican Congressmen and Senators
that profited from these illicit deals within the Iran-Contra time frame of 1983 to 1986.
And look at how many of them are still in power today.
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They are much more powerful than they were then.
Certainly Henry Hyde, now Chairman of the Judiciary Committee, in recent years
was quietly, non-publicly censured by the House and fined $835,000 as a final
resolution to that Oak Brook, Illinois real estate scam and the hypothecation scam at
Key Bank of New York.
That was directly related to his involvement in LRH Associates.
Porter Goss was also quietly reprimanded by the House (secretly you could even say,
since anybody that ever tried to obtain information about Hyde or Goss’ reprimand has
never been successful in obtaining any documentation of it).
Goss was reprimanded and fined $365,000 by the House, by the Ethics Committee,
the internal component of it. But Goss made a fortune.
It was in the millions that Goss made through the Destin Country Club Development
Group, through the Topsail Development Group, through his surreptitious investments
in Zapata, and Apache, and Tidewater, and Harken Energy. The Harken Energy stock
fraud. It really is tremendous. And it is directly related to the reason why Hamil
continues to be such a bone of contention and such a sore spot for the government and
for many in the government to this day.
In late 1995, when I was in my most recent difficulty with the FBI and was
incarcerated, Jesse Helms intervened on my behalf and pressured Janet Reno.
Consequently I was let out of jail and not further pursued.
You don’t think Jesse Helms did that out of the goodness of his heart, do you? It’s
because when I was in jail, I called Paul Rodriguez at the Washington Times and gave
him more information that he had been pestering me about for a long time.
The Washington Times (Paul Rodriguez more specifically and his friend, Jamie
Dettmer) had pressed Jesse Helms about all the money that he and Oliver North had
skimmed out of those big series of 501c3’s in the mid ’80s – the National Eagle Forum,
the National Freedom Alliance, and the whole panoply.
You’ll see it’s all common language that Oliver North used when he formed these
things. But millions were taken out of these supposedly tax-exempt organizations
illicitly and Helms profited by them, and Pete DuPont profited by them as did various
members of GOPAC.
Helms didn’t help me out out of the generosity of his heart.
It’s that I rattled his goddamned cage.
And I threatened to reveal more information about that.
And to this day, when a reporter calls up Jesse Helms and throws up Oliver North or
Larry Hamil’s name in his face, he turns white as a goddamned ghost.
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Now as we get into larger and more intriguing Iran-Contra frauds, I want to mention
my involvement with the infamous Churchill Matrix Group, Ltd., which had operations
in London, Paris, and Brussels.
Its United States operations were headquartered, of all places, in Columbus, Ohio.
Churchill Matrix was supposedly engineering and industrial components. It had a
relationship with the infamous TKF Engineering & Trading International, Ltd. of Santa
Barbara, California. It also had a relationship with the equally infamous International
Systems and Components (not to be confused with International Signals and Controls
of Scranton, Pennsylvania).
International Systems and Components Corporation of McLean, Virginia, also had
offices in Dallas, Texas.
In that Churchill Matrix deal, it was later discovered that the entire thing was an MI-6
British intelligence front, which unraveled in 1991 in those big series of trials in
London, when that guy, Paul Anderson, was finally forced to admit he was a British
Intelligence agent, and that in fact the whole deal had been an MI-6 operation put
together at the request of the CIA during Iran-Contra to surreptitiously get certain
components to Iraq, which the CIA wanted to be gotten to Iraq.
The only reason the deal fell apart and became public is that, in this country Mark
Thatcher got listed as a co-defendant in the original indictment.
Finally, his mother, then Prime Minister Margaret Thatcher, decided to preempt the
U.S. action by pulling the plug in London and forcing the MI-6 to admit what it was.
That’s the only reason, by the way, that the whole deal fell apart, was because of the
Mark Thatcher angle.
What British Intelligence was trying to hide at the time was the connection between
MI-6, the Agency, and Carlos Cardoen.
Had Thatcher been forced on the stand, he would have spilled the beans about Carlos
Cardoen, and that was the link that both the Agency and MI-6 wanted hidden at the
time.
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11. Lawrence Richard Hamil: The US Government’s Con Man
Next I’d like to explore the background and various dealings of the infamous Larry
Hamil.
He was born Lawrence Richard Hamil in Rockville, Maryland on November 16, 1944,
the firstborn child of Harry and Virginia Hamil.
Harry Hamil was a thirty-two year veteran of the Department of Defense, retiring as
a senior policy analyst on their Southern Desk.
The Southern Desk was a military policy desk involving the Caribbean, Central and
South America.
Virginia Hamil worked for many years as a secretary at the National Security
Agency. It should be noted that before her retirement, Larry’s half-sister, Nancy, also
was a secretary at the National Security Agency. And during the Iran-Contra years,
she worked directly in the Director of the National Security Lt. Gen. William Odom’s
office.
Larry Hamil has used so many aliases during his lifetime, that actually very little is
known about his early life. He attended but did not graduate Georgetown University
in the early 1960s. In 1966 he had a brief marriage which resulted in the birth of one
daughter, Samantha.
The father Harry Hamil passed away in 1984 of natural causes. Hamil’s mother,
Virginia, had left Rockville upon retirement and took up residence in West Palm Beach,
Florida.
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The earliest of Larry Hamil’s business dealings comes from the late 1970s — when
Larry and other parties, one of them being his longtime friend and associate, Martin
Cohen, became involved in a scheme to smuggle American Express cards into
Argentina.
In the late 1970s, a financial embargo was put on Argentina by Washington in an
attempt to pressure the military junta there out of power.
The American Express Corporation turned to the CIA, who turned to all the players
in the shadows of Washington, including Larry Hamil and his erstwhile sidekick,
Martin Cohen, to conspire with American Express to smuggle American Express credit
cards into Argentina contrary to this financial embargo.
Hamil got paid a hundred dollars per card.
They took the cards down there by the thousands. It was a rather large operation.
The Washington Post finally discovered this operation and the CIA connection in
1980. American Express was rather severely fined and the CIA was substantially
embarrassed, but, of course, denied all knowledge of it.
The next illicit business transaction — I am aware of — that Larry was involved in was
only a year after, in 1980, during the infamous Dominican Sugar Embargo, when the
United States was attempting to pressure the military government of then Raphael
Trujillo out of office.
One way of doing this was to embargo Dominican sugar. Hamil became involved in
a series of transactions to surreptitiously transport sugar out of the Dominican Republic
at a substantially reduced price, and to disguise that sugar through Jamaica and Haiti,
where it was sold at a tremendous profit.
It’s sketchy. I don’t know all the people he was involved with in this conspiracy. I do
know that one of the people he was involved with was the infamous Frank Snepp.
Frank had just retired that year from the CIA and was looking for little things to get
himself involved in. I do know that Hamil made a substantial sum of money in this
endeavor. I also know that he lost a substantial sum of money when the government
froze some of his accounts in late 1981. I don’t know how much of the money he was
actually ever able to retain.
The next illegal transaction Mr. Hamil got himself involved in was in 1982, during the
so-called Falklands War.
It was a scheme where he and Marcel Dessault, the famous French industrialist, in
conjunction with the famous Brazilian industrial shadow player and longtime CIA ally
(and longtime George Bush friend) Amaro Pintos Ramos, attempted to smuggle into
Brazil and to transport across the border and sell to the Argentinian government Exocet
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missiles which proved during that campaign to be the most effective weapon Argentina
had against British warships.
The Argentinians were desperate during that conflict to get their hands on more of
those missiles. They were willing to pay whatever it took — ten or twenty times the
normal price of what one of those missiles fetched on the open market.
I don’t know what quantity of missiles were smuggled in. I think it was a very small
number, thirty or forty missiles perhaps.
My impression though was that the profit was in the millions from that transaction.
Later on during the Iran-Contra period, from 1983 to 1986, Hamil would continue to
transact a lot of business with Marcel Dessault and with Pintos Ramos.
Pintos Ramos is one of the common connections that Hamil had with George Bush, Sr.
And it was the common connection that he had with all the Bush sons. That’s how he
knew the sons before Iran-Contra came along.
For a point of reference, Dessault Industries in France is the largest French defense
contractor. It makes jet fighters and missiles for the French government and for export.
If Larry Hamil were to be categorized, he would wear the label of one of the legions
of quasi con men with government connections who wait in the shadows of
Washington for the next illegal, covert operation of state to come along from which he
can profit.
And he’s not the only one. There are legions of these guys.
It just so happens that Larry Hamil is probably king of the hill wearing this moniker.
Larry knew — prior to the beginning of Iran-Contra operations in 1983 — about Iran-
Contra, or what later became known as Iran-Contra as early as 1981.
Larry actually had physical copies — voluminous, thousands of pages — of the
original CIA white papers on Operation Eagle, as it was formulated in 1981 by Bill
Casey.
It was always a mystery to people how Hamil obtained these documents.
How he obtained them was through Dewey Clarridge.
Hamil and Dewey go back a long way into all sorts of fraudulent, shadowy mischief.
Hamil was subsequently became quite friendly with the infamous Clair George, who
a few years later was became a Deputy Director of the CIA.
Other friends of Larry’s within the Agency were Assistant Deputy Director, Allen
Friers, and Costa Rican Station Chief, Jose P. Fernandez.
The reason why Hamil was let in so readily to these operations and the reason he was
allowed to commit fraud and to profit by it — he did serve some useful purpose in
terms of money laundering and his absolute specialty: hiding money and secreting
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money.
Both were very valuable commodities and valuable skills for the Agency.
He was looked on very kindly by Bill Casey. He knew Bill Casey. He had known
Bill Casey most of his life. Bill Casey and his wife and Harry and Virginia Hamil had
played bridge for years. They knew each other. And Bill Casey knew what Larry was,
but he also knew that Larry could be helpful in certain ways.
Therefore, if Larry wanted to make a few million fraudulently in what was already
an illegal operation of the CIA anyway, it didn’t make any difference to Bill Casey.
Of course, to say it didn’t make any difference to Bill Casey is rather a broad
statement.
The actual quid pro quo between Hamil and the CIA always seemed to be to me (and
Hamil pretty much said so) that he could pretty well do what he wanted providing he
was helpful to them when asked and providing that his individual frauds did not
expose or embarrass the CIA.
Of course, eventually by 1985, it was his frauds that did threaten to expose the CIA
and did threaten to embarrass them.
So consequently Hamil’s position changed from being on the inside to being
somewhere between being on the inside and being on the outside.
In August of 1983, when Operation Eagle was dusted off the shelf, reformulated as
Operation Black Eagle, and put into operation, Hamil was involved almost from the
get-go.
Hamil immediately set up a series of thirty to forty shell companies, both
domestically and offshore domiciled, of course, mostly involving oil and gas, banking
transactions, gold bullion, brokering transactions, real estate — all of the old right-wing
favorites for the generation of illegal, covert revenue streams.
Hamil’s principal artifices were the Gulf Coast Investment Group and everything
around it that had the word “Gulf” in it.
He had initially wanted to also pick up the old Gulf Realty out of west Florida, but
Neil Bush wanted that for himself.
So Neil and his partners, Bill Waters and Ken Good, picked that up.
Hamil always felt kind of nicked on that. That’s why Neil, in order to smooth the
waters, let Hamil get into Gulf Realty frauds via an artifice that Hamil had created
called LRH Associates and Gulf Coast Limited Partnerships, which was his principal
real estate fraud artifice.
And you will see that both Gulf Realty, Neil Bush’s Gulf Realty, and Hamil’s Gulf
Realty Limited Partners too were involved in that fraudulent Destin Country Club
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development deal.
Subsequently, we’re involved in the fraudulent Boca Chica development deal. And
ultimately we’re involved in the largest real estate swindle ever enacted in the United
States, the Topsail Development Limited deal out of Pensacola, Florida, which involved
the swap of that 26,000 acres here in Florida for that land in Belize.
The business commonality during this period of time between Larry and Jeb Bush
came through Larry’s Gulf Coast Investment Group and Larry’s partial control, along
with Barry Seal’s and Larry Nichol’s of Trinity Oil, as we have discussed.
But, the commonality between Jeb Bush and Larry was in a series of both onshore and
offshore bogus oil and gas lease swindles, Also, there was some commonality in some
of the banking fraud between Jeb and Larry, as you will notice in a careful study that
both Jeb and Larry tended to do business at the same banks and tended to know the
same Directors, all at the same banks, at Iran-Contra friendly banks.
Larry’s connections with George, Jr., have always been considered rather nebulous.
People have never been able to really put it together. It’s not as obvious as his
connections are with Jeb and Neil.
But the real connection is between American Insurance General (AIG) and that series
of frauds instituted by Jack Singlaub in the World Anti-Communist League, when he
had Mitch Mar and Barbara Studley acting as front people for him.
And that is the real connection with George, Jr, because George, Jr. got a piece of that
through an interest in a Dallas-based oil company that he controlled.
There is also some commonality between Larry Hamil and George, Jr. vis-a-vis
Harken Energy and Zapata and Apache and Tidewater Corporations insofar that Larry
was involved in various stock frauds surrounding those companies, of which George,
Jr. and George, Sr. profited by.
And, of course, Larry was very close to the partners of the infamous Houston Energy
Partners, and was friendly with Don Regan, James Baker, Lloyd Bennett, and John
Tower. He had known these guys for some years because his father had known these
men.
Larry was never short of being able to boast about himself.
Part of his own downfall was his mouth.
But, he was never short to say how he was a member of the old Texas Republican
drinking club, of which John Tower was the de facto leader.
But, it is really John Tower that introduced Larry to Walter Mischer and Bobby
Corson.
So you can imagine that Hamil took those introductions to the biggest S&L’s in Texas
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and proceeded to rape and pillage them pretty good in a series of oil and gas and gold
bullion frauds.
Later, he, Jeb and George, Jr., all participated in (I wouldn’t call it a swindle, but I
would call it certainly) a marginal transaction in terms of borrowing money from those
banks to short the stocks of those banks, and then defaulting on the loans.
Of course, the banks ultimately failed.
Stocks went off the board almost for pennies.
And, I wouldn’t call that an out-and-out stock swindle, but it was certainly a fraud.
We all benefited quite handsomely from it. Jeb and George, Jr. made a fortune from
it. Neil had a substantial short position in Silverado. And when Silverado collapsed,
Neil made $3 or $4 million out of that, and then of course, never repaid the loan.
He had borrowed the money in Silverado to begin with. They were in unique
positions. They knew that these banks were failing, and were going to fail, under the
weight of unrepaid Iran-Contra/CIA loans.
The CIA, as was later revealed in The Houston Post, had borrowed from and had
used the three big banks in Texas — Allied Bancshares, Texas America Bank and
Commerce, and MCorp. The CIA ultimately defaulted on about $350 million worth of
loans in the end.
Others of Hamil’s close friends in the government at that time were National Security
Adviser, Frank Carlucci.
Hamil used to meet Frank quite often in Florida at the Ocean Club for lunch. This is
at the same time that Frank Carlucci exposed himself by being seated at the same table
with the infamous CIA doper, Jack Devoe. And what a mistake that was. I don’t know
how they allowed that to happen. Someone took the photograph.
Bobby Gates got wrapped up into the same problem with that townhouse, exactly the
same deal when he allowed himself, the then Deputy Director of the CIA, to be
photographed through a security camera in the lobby with the infamous Carlos
Cardoen.
At the State Department, Hamil’s principal friend there was Larry Eagleburger. “Fat
Larry” — we used to call him.
Larry Eagleburger had also known Harry Hamil for a number of years. As a matter
of fact, it was Harry Hamil (this is a very little known fact) that got Eagleberger his first
job in the State Department some years ago.
Of course, Larry EaglebUrger at this time rose to the position of Under Secretary of
State.
Larry was also very friendly with the Assistant Secretary of State, the infamous
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Richard Armitage. Armitage would consistently act to protect him at the State
Department.
Although Armitage was Assistant Secretary, he was also Chief of the Internal Security
section of the State Department, which had consistently acted in concert with the CIA
and other parties to authorize narcotics trafficking.
This has been mentioned in the press, and it’s been written about before, i.e.
Armitage’s role in narcotics and his knowledge of it.
As you know, Carlucci and Armitage are now in business together at the Carlisle
Group.
It was really because of Hamil’s personal friendship with Don Regan that he was able
to commit all that securities fraud through Merrill Lynch.
Merrill Lynch would lend him real good quality securities (Citicorp bonds, things like
that ) but they were actually financing the inventory of this stuff in his corporate
accounts.
He wasn’t paying for any of this. He was paying for it with bogus cashier’s checks
from the British American Insurance Trust Co. of the Bahamas, which was an offshore
bank that he controlled, which was also bogus.
They would post bogus fidelity and guaranty instruments to Merrill Lynch, backed
up by a standby letter of credit, which was actually a good standby letter of credit from
American Insurance General.
Of course, it was all a fraud.
American Insurance General would never pay any claim. That was the deal. It was
just to stand his collateral against a marginable position in Citicorp bonds and high
quality securities that Hamil would then use to rehypothecate at other institutions.
Ultimately, Merrill Lynch had to write off some money because of this. It wasn’t
much, $2 or $3 million. But they did ultimately get stuck with it. And, of course,
Hamil’s relationship with Merrill Lynch fell apart when Don Regan left as Chairman
and Ray Birk came in.
Another friend and business partner of Hamil’s was the infamous Marvin Warner.
Marvin Warner and Larry Hamil were partners in a lot of bogus real estate deals
being run through ESM. The bridge money for these deals was coming out of Marvin’s
bank in Florida, the Great American Bank and Trust, which was headquartered in West
Palm Beach. It ultimately failed as well with losses to the taxpayers of about $170
million.
But you will see them in partners in a whole variety of deals through ESM.
As a matter of fact, it is one of the real estate deals financed through ESM through
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Ohio State Savings that gets rehypothecated at the Glen Brook Savings and Loan in
Illinois.
This was the deal that Henry Hyde became involved in when Henry wanted his piece
of the Iran-Contra pie.
The interesting connection is that Henry Hyde, subsequent to this, introduces Hamil
to Key Bank of New York.
Hyde knew everybody at Key Bank because of his friendship with Alphonse
D’Amato, and Alphonse’s brother, Louis, the lawyer, who was the general counsel at
Key Bank.
Louis, you may remember, subsequently got himself into trouble, and was close to
being charged with murder. He ultimately served eight months in jail.
Anyway, it was transactions at Oak Brook Savings and Loan in Illinois and Key Bank
in New York, for which Henry Hyde was secretly censured by the House later on,
wherein Henry Hyde admitted he had illegally profited to the tune of about $850,000 in
certain bogus real estate transactions.
The connection between Hamil and Porter Goss was through Jeb Bush.
Jeb kept letting Congressman Porter Goss into all of his deals — the crossover
transactions that he had with his brother, Neil, in those bogus Gulf Realty
Developments.
Porter consistently had an interest in all of these deals that collapsed. The difference
was he actually got to sell his interests, before the deal collapsed, of course.
Porter made a lot of money during the Iran-Contra period.
Henry Hyde and Porter Goss are just two examples.
We could go on and on and on with Republican Congressmen and Senators who
profited vis-a-vis Iran-Contra fraud.
It’s not limited, by the way, to Republicans. There were some Democrats like Senator
Graham who profited quite handsomely through that Swissco Management fraud, the
tax-free land swap he arranged for himself with Carlos Cardoen and Swissco
Management.
When the FBI finally raided Swissco offices, the Senator’s documents were
conveniently missing from the evidence they collected.
Anyway, that’s another whole story that will require another ten hours just on that
fraud.
BY 1985, Hamil was violating the mandate that was given him and, by extension,
given to me as his partner in 1984 from Gen. Secord.
The mandate was quite clear. Part of it was that Larry was not to commit frauds on
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individuals. That would become messy and hard to cover up, which is precisely what
Hamil did. In his greed, he wanted to squeeze every dollar he could out of his
perceived protection from Washington.
Hamil then proceeded to commit fraud on unauthorized individuals.
The original Gulf Coast Investment scheme was supposed to be strictly an artifice that
would legitimize the flow of funds from sympathetic Republicans to “The Cause,” as
Oliver North calls it.
To “The Enterprise,” as Richard Secord called it.
To “The Government Within a Government,” as Assistant Secretary of State, Elliott
Abrams would call it.
That’s what we were doing.
Of course, being a private individual, you could not donate money to an illegal,
covert operation of state.
But you could have an intermediary.
You buy bogus oil and gas interests, which essentially become used as a laundering
device to get the money to Oliver North and other parties.
The problem with Larry is that we were given lists of selected wealthy Republicans
who wanted to do this. Larry went outside of that list and started to raise money from
unauthorized people. And consequently, this created a problem.
By late April or early May, it was obvious that something had to be done about
Hamil, and of course something was done.
On May 5, 1985, Hamil was arrested by the FBI in Miami. He was on his boat, The
Capital Delight, at the Bahia Mar Marina in Ft. Lauderdale.
Finally the much vaunted FBI agent of Miami office, Field Agent Ross Gaffney got his
man.
But their incompetence frankly borders on hilarity.
They went to the wrong boat and arrested the wrong man.
Hamil was right in the next pier, in the next dock, ten feet from them in his bathing
suit looking at them, waving at them.
And they didn’t realize it. Ross Gaffney didn’t have a photograph of Hamil and didn’t
know what he looked like.
Larry’s last transactions that I knew about during this timeframe came in April of
1985, when he was at Union Bank in Switzerland, where he did a lot of business. He
was delivering that $432,000 in cash to Banque Z in Curaçao and was depositing it into
one of the accounts of the infamous Intercontinental Industries SA, controlled by Oliver
North and Richard Secord.
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Before we go further in this, it should be mentioned that not all of Hamil’s dealings
were with Republicans.
How Hamil got involved in Arkansas (this has been another question that people
have always wanted to know) wasn’t just through the Trinity Oil and Gas deal.
It also wasn’t simply through fraudulent securities transactions with Stephens
Investment Group.
And it was not simply through bogus banking transactions at Twin Cities Bank of
North Little Rock, Arkansas.
In fact, Hamil acted as a Republican bag man in Arkansas. He used to transport
money for the Agency for operations in Mena. He would transport a large amount of
physical cash in a briefcase.
One of the things that Larry was often used for was a courier of cash.
That’s how Larry becomes so involved and so intimately knowledgeable about Buddy
Young because he meets Buddy Young.
He and Buddy and Barry got into Trinity Oil. They then, in turn, got Danny Lasater,
and Patsy and Harry Thomasson into transactions.
Larry set up more bogus corporations in Arkansas, of course, through the Rose Law
Firm — and Hubbell acts as general counsel.
As a matter of fact, Hillary, herself, was the counsel on several of these bogus
corporations, including the sinister Trinity Oil and Gas deal.
Bruce Lindsay, then deputy to Governor Clinton, and Betsey Wright, then the
Governor’s personal secretary, knew precisely what Hamil was doing in Arkansas.
They also knew his itinerary — who he was meeting and the amounts of money that
were involved.
It was obvious that they were being briefed on Oliver North’s Guns For Drugs
operations in Arkansas. And it also became subsequently revealed through further
conversations that Attorney General Winston Bryant was also familiar with this.
As a matter of fact, when Bill Duncan was with the Attorney General’s office, it was
Bill who leaked the word out to Col. Tommy Goodwin, the Commander of the
Arkansas State Police.
Goodwin gets on the phone to Governor Clinton. He’s all pissed off because he is not
being kept informed of all the CIA narcotics and weapons transactions in the state.
Clinton says he’s well-advised of it, and that it’s an authorized operation of the US
Government.
And that was a key problem — that conversation.
By the way, Goodwin had an internal taping system. He taped all of his calls. That
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tape was one of the three tapes out of the infamous series of forty, during the FBI
sponsored break-in of Goodwin’s office.
It was when Asa Hutchinson, then US Attorney in Little Rock, Republican, ordered
the Arkansas State Police Commander’s office be broken into, and three tapes were
stolen out of the forty tapes that he had regarding this matter.
One of the tapes taken was that conversation.
Tommy Goodwin went out and tried to tell people about it.
And subsequently he suffered a heart attack.
In September 1985, Hamil’s original bill of indictment was about a foot thick in terms
of documentation. He was indicted on a variety of counts — mail fraud, wire fraud
mostly.
The indictment was reamended, reamended, and reamended until finally a foot thick
stack of documents, as filed in September 1985, wound up being a one-inch thick stack
of documents by 1986.
Hamil, ultimately, pled guilty. He was sentenced to forty-five years or something.
And then began the great Hamil odyssey of being in and out of jail all the time, which
persists to this day.
I would estimate that the man has probably spent (I would guess) six of the last
thirteen years actually incarcerated in this continuous in-out, in-out, in-out.
First he’s in jail someplace. Then he’s in another jail and another jail. He was
transferred thirty-two times in six months between penal institutions — always under
assumed names. Or he wasn’t there. Or there was no record of it.
But this continues to this day. For instance, one day Hamil would be in the Desoto
Correctional Facility in Florida, or the Hudson Correctional Facility.
Two days later, he’d be seen in Zurich, Switzerland. Or he’d be seen in New York, or
Washington in the company of “Department of Defense officials.”
Then a week later he’d be in some other penal institution.
This yo-yo persists to this day. This is the ultimate conundrum about Hamil. I can
understand why people would want to protect him because of what he knows.
But in that case, it would be more logical, simply to eliminate him. I mean, that
would be the obvious step.
As discussed before, on December 20, 1985, Oliver North simply wanted to liquidate
him. That would have been the obvious, quick and easy solution.
There’s got to be something that keeps this guy alive, and I frankly don’t know what
it is. Maybe it’s because he’s created documents. That’s a possibility.
I know North was never able to get the documents he wanted to recover from Hamil.
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You have to understand I didn’t make records at the time of every nickel-and-dime
$10 and $20 million fraud. It just wasn’t possible.
In my personal logs at the time — based on my own business affairs and my
interaction with others, particularly selling these fraudulent products, I used the cut-off
line of $100 million in the real estate fraud category.
Another larger frauds I think is worth mentioning is the Phoenix Development Fraud,
which involved a combination of busted out HUD property and busted out Lincoln
Savings and Loan property.
It got lapped up into a limited partnership and resyndicated by the general partners,
including Gen. Secord, Gen. Singlaub, Col. Gadd, Col. Dutton, Jeb Bush, Neil Bush,
Walter Bush, the then-Vice President’s nephew, Prescott Bush, the then-Vice President’s
older brother, and Prescott’s son.
Prescott himself became one of the problems in this fraud later on.
But it involved busted out HUD property bought surreptitiously through loans at
Lincoln Savings and Loan for anywhere between ten and twenty cents on the dollar.
These were very expensive residential developments in Phoenix, wherein Lincoln
Savings and Loan had a collateral guarantee against the original loans used in the HUD
property.
It also provided bridge financing to build the developments. Lincoln Savings and
Loan finally sells out to this partnership at about seventeen cents on the dollar and
simply writes the rest off.
What was not commonly known is that Lincoln Savings and Loan through another
loan to Stanford Technologies Overseas, Ltd. actually provided the capital to purchase
the property from Lincoln Savings and Loan at an eighty-three cents on the dollar loss.
Ultimately, the loan itself by Stanford Technologies, a $17 million bridge loan, was
also defaulted on.
Stanford Technologies’ two principals were Oliver North and Richard Secord —
Secord, being the primary principal. Ollie was just a director of Stanford Technologies
Overseas, Ltd., but this is one of the few links.
To link Ollie North into fraud, to get him away from the narcotics and the weapons
and to link him into fraud — the best way is to link him through Stanford Technologies
Overseas, Ltd., or Intercontinental Industries, S.A. of San Jose, Costa Rica, in which he
was the principal and Richard Secord was the director.
These two are the most common ones. Lots of times, Intercontinental would front as
a money-laundering organization for disguised loans from other Iran-Contra
sympathetic banks in the Caribbean.
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A good example of which would include the Banco de Popular, more specifically the
Santa Domingo branch.
But Intercontinental Industries would launder proceeds from what were essentially
illicit loans back to Stanford Technologies, who would in turn direct these proceeds by
purchasing interest in fraudulent real estate limited partnerships, to wit the Phoenix
Group Development.
Another example would be a large fraud like The Boulder Property, Ltd. series of
limited partnerships, in which Neil Bush, Bill Walters and Ken Good were all general
partners in the deal.
The only difference in that deal was that the principal financing came from Silverado.
The underlying property bought very cheaply had originally been HUD property
bought by MDC Holdings Corp. of Denver.
This gets into the Denver cast of characters — Phil Winn, Steve Mizel, and Leonard
Millman.
Millman is the principal of MDC Holding Group.
There is a tremendous interlinkage in this MDC Holding Group fraud through MDC’s
subsidiary, M&L Industries, Inc., which in recent years has been indicted several times.
Its principal, Robert Joseph, is currently in the Colorado State Penitentiary as a matter
of fact. He was offered a deal — if he would admit what Millman, Mizel and Winn’s
involvement was and how they profited by it. But he refused to talk and received about
a seventeen year sentence.
It’s quite humorous, that in the Phoenix Development Fraud, one of the consequences
was that Gen. Secord, Gen. Singlaub, and George Bush all wind up owning homes
together on the same cul-de-sac in Phoenix near the country club — for which they paid
nothing.
These homes are appraised between $400,000 and $800,000.
And it cost them absolutely nothing.
Further up the street, Col. Jack Terrell has a home and this fraud is really blatant. But
people have tried to look at it in the past, and they’ve been hit with a blizzard of
paperwork.
If you weren’t there from the beginning and weren’t involved from the beginning as I
was, it’s tough to connect all the dots because there’s so many of them.
But George Bush, Sr. would invariably be given a piece of everything, of every fraud
that was done, because he was at the very top of the pyramid, and much of this fraud
could not have been committed without either his protection or his influence.
So he winds up with this house on a certain cul-de-sac in the Riverdale development
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of this Phoenix project.
Although naturally it’s not held in his own name, it’s held by an entity known as PHB
Trust, Ltd.
The PHB stands for Prescott Herbert Bush, Sr. who is George Bush, Sr.’s father.
The way these real estate frauds work was all inside a neat circle.
For instance, the limited partnerships themselves were marketed by J. Walter Bush
Securities in Phoenix, which had a rent-free office in the Lincoln Savings and Loan
complex.
J. Walter Bush is George Bush’s nephew.
In turn, another entity that would raise money for these deals was Prescott Herbert
Bush, Jr. Investment Banking Firm of New York.
The frauds were all kept in a very small circle — MDC Corporation in Denver, which
is a publicly listed company and still trades on the American Stock Exchange .
Through their National Brokerage Group subsidiary, they would then raise money
for the same deals.
Then National Brokerage Group winds up buying an interest in another firm (at one
time the largest penny stock firm in the United States) Meyer Blinder, which later
became Blinder Robinson before it was closed down.
In turn, MDC owned pieces of penny stock houses throughout Denver — Balfour
McClain, Atlantis Securities, Singer Island Securities. The list goes on and on, and you
will see that most of these corporations in turn had offices in Florida, Nevada, and
Texas — states where security regulations were rather lax.
Also these were states where there was a lot of Iran-Contra control features because
you had state governments that were very loyal to George Bush.
Consequently the ability to control liability within the various state securities or state
bank examiner’s offices was really remarkable.
The reason these frauds were able to operate for so long — in some cases, some are
still extant and operating fifteen years later — and rather discreetly is because no
individual investors’ money was ever used.
There wasn’t a series of warm bodies that bought one hundred thousand dollars
worth of these partnerships that got burnt.
The people who ultimately got burned were banks and securities firms, and, of
course, by extension, the American taxpayer who had to bail them out.
Another individual who was involved that you don’t often connect with Iran-Contra
fraud was Malcolm Forbes and his son, Steve Forbes.
I have extensive information on one of the direct frauds they actually postulated — the
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Forbes River Development deal in the Ozarks, financed by Twin Cities Bank of North
Little Rock, Arkansas.
Again, Twin Cities comes to the fore.
Bridge loans were provided by another renowned Iran-Contra friendly bank, Beach
Federal of Kingsville, Texas.
That was an out and out fraud, and that deal did get busted out. Unfortunately,
Forbes had to come up with money out of his own pocket to hush everything up. He
wasn’t very good at it. He was the only guy I ever knew that went into fraud to make
money, and it wound up costing him more money in the end.
But I have all the original information on that deal. It was very slick and glossy. It
was well done, and it would have been a good fraud had Forbes actually known how
to turn it into a fraud.
But that’s what you get when you have that idiot, Jonathan Flake, in charge.
Flake is the former president of Twin Cities Bank of North Little Rock who was
subsequently indicted recently named in civil actions filed against the bank by
Congressman Alexander.
Alexander got whacked out of $3 million from that Boulder Property Limited series
of partnerships which Twin Cities Bank of North Little Rock cosyndicated and acted as
a sales manager in Arkansas.
These were the Boulder Property, Ltd. Partnership Series Six and Seven which got
used for a very sinister purpose.
The purpose was to specifically defraud certain targeted individuals. and those
individuals were hostile congressional Democrats. This has been mentioned before.
They were offered lucrative deals, no cash down, all recourse notes that had
tremendous tax leverage and so forth, that these guys literally couldn’t resist.
The people who got hurt in these deals were Steve Solarz of New York, Congressman
Dellums of California, Senator Boren of Oklahoma, Congressman Alexander of
Arkansas, Congressman Hughes of Ohio — and on and on and on.
Look who got hurt. They were all leading congressional Democrats who were
banging the drum about Iran-Contra.
This was a way to control them.
And, boy, did it ever control them because it bankrupted every one of them. All of
these congressmen got suckered in.
It was the classic bait and switch. They were all offered small investments which they
made out of their own pocket — usually $20,000 to $30,000 in various real estate
developments.
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They were bogus pyramid schemes, but designed so that these guys would get their
money back and show a huge profit.
Then they wuld be very susceptible to signing up into a much more major fraud later
on. That’s the routine that was used.
In Alexander’s case, he was offered a partnership interest in Marine Research and
Development Corporation in Boca Chica, Florida, which was a division of the Boca
Chica Development Corporation, Ltd. whose principal was Jeb Bush.
Another point that can be made through close scrutiny of Iran-Contra fraud is to link
seemingly minor players into major players.
For instance, if you wanted to link George Bush, Sr. directly into Iran-Contra fraud (I
mean, his name on a piece of paper), then the corporation at the top you’re going to be
looking at is, of course, Lone Star Corporation.
That’s Lone Star Development, Lone Star Cement, Lone Star Trucking. It’s a publicly
listed firm, in which Bush was a substantial shareholder, as well as a director at one
time.
Lone Star has been mentioned many times vis-a-vis Iran-Contra fraud, the
transportation of narcotics and weapons, Lone Star Cement’s involvement, and other
real estate frauds, etc.
The one deal that links him directly is to start with M&L Industries in Denver and go
through Brodix Manufacturing in Mena, Arkansas.
You may remember Brodix Manufacturing as one of the deals set up by the infamous
Mena player Freddie Lee Hampton and Hubbell’s father-in-law, Seth Ward.
Brodix received letters of credit from Madison Guaranty, which in turn were
hypothecated to Lone Star for a bogus real estate development outside Paris, Texas,
which in turn is rehypothecated to the Victoria National Bank in Texas and so on.
If you put it all in front of you, you can see how George Bush directly profited from
this fraud. It gives you tremendous ideas about where to go vis-a-vis George Bush,
Sr.’s connection with Lone Star.
Lone Star is also the starting point to connect George Bush, Sr. into fraudulent
transactions with E-Systems Corporation of Dallas, Texas.
Another fraud (not specifically real estate, although it was partially a real estate
fraud) was the medical equipment fraud that links George Bush, Jr. directly into illegal
Iran-Contra profiteering — the International Medical Corporation (IMC) deal in Miami,
It was the infamous Miguel Recarey who was the head of IMC. Jeb Bush was a
director of the corporation and a major investor in it through the $4 million he
borrowed — and later defaulted on — from Broward Savings and Loan.
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Jeb was pretty crafty though in trying to cover his ass in that fraud by forming that
shell corporation in the Bahamas and having Col. Duke Rome and Col. Lanny Thorme
head that shell corporation, International Medical Overseas, Ltd.
That’s how Jeb siphoned money out of IMC and consequently out of Health and
Human Services. You see IMC got most of its money from HHC in fraudulent billing
through all of its clinics in Little Havana and so on.
When that deal fell apart, Thorme got nailed, but Thorme would never talk. He was
one of those guys who was going to swing in the wind.
Jeb Bush’s two bagmen and gofers, Manny Diaz and Manny Perez, were prepared to
talk about the deal and, in fact, they had made arrangements to talk to Jeff Goldstein of
the Kerry Commission.
Unfortunately, Manny Diaz died in an unusual car accident before he could be
deposed.
Perez also unfortunately died in his swimming pool before he could be deposed.
You may just remember the names Diaz and Perez. Sydney Freedberg did quite a bit
on them at the Wall Street Journal.
They were Jeb’s bagmen vis-a-vis Jeb’s dealings with Eagle National Bank in Miami.
People in the media often ask me to give them examples of frauds that began in Iran-
Contra and continue to this day, albeit under different names.
It’s essentially the same fraud and the same cast of characters.
The examples I always give (about which I have substantive information, since I was
involved in all three of the original frauds and also involved in marketing some of the
partnerships for the secondary fraud) are the Ocean Reef Development Group, Ltd., the
Omni Development Group, Ltd., and the Tri-Lateral Investment Group, Ltd.
Who were the common players who are links between all three deals during Iran-
Contra?
They are Frank Carlucci and Richard Armitage.
When Frank Carlucci and Richard Armitage left government service immediately
after Iran-Contra (they literally had to leave in order to avoid being subpoenaed as part
of the overall coverup), they become principals with Pete Peterson, the infamous
Republican player and GOPAC money launderer, in the Blackstone Investment Group,
which is a big organization.
Then they simply continued the same real estate development frauds which were
begun under Iran-Contra.
This time all the original deals went bankrupt. A certain set of banks got burned. The
property reverted to them, and then they refinanced the property again through
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Blackstone.
Subsequently they entered into an arrangement with another similar sounding
company (there’s always been some confusion) the Capstone Development Group,
which was also a post-Iran-Contra creature.
They are two separate organizations.
Some people will try to claim that Capstone was simply a subsidiary of Blackstone.
It is not. It is a separate company.
Look at the directors. They are none other than Larry Eagleburger and Bernie
Aronson, former co-workers of Frank Carlucci and Assistant Secretary of State, Richard
Armitage.
However, the real estate frauds continued essentially until the early 1990s. It’s
interesting to note how former government officials who were in the Reagan-Bush
Administration during Iran-Contra profit by subsequent frauds, post-Iran-Contra
frauds if you will.
For instance, in 1994-95, there was the great Mexican Diversion Fraud, when
Blackstone immediately opened an office in Mexico City to take advantage of American
taxpayers’ money being lent to Mexico vis-a-vis the OCED and OPEC and other United
States lending and/or guaranteeing agencies.
The opportunity to commit fraud against the United States Treasury during that
Mexican bailout was just like a walk in the park.
You buy a busted out Mexican company for pennies on the dollar, pump it up, make
it look nice, make sure you’ve got your hands out for a twenty or thirty million dollar
loan from somebody else, like the IMF, or a direct United States lending agency, and
you would be given Brady Bonds which could then be rehypothecated.
And it was such a scam.
Dinerstein alone documented $320 million of fraud committed by former officials of
the Reagan-Bush Administration during the “Great Mexican Turkey Shoot” as it became
known.
And then what happened?
The Russian bailout.
Blackstone suddenly opens an office in Moscow and promptly proceeds to do the
same thing again. This time they were raping and pillaging the American taxpayer
with the same corporate schemes to get money out of U.S. agencies and/or collateral
guaranty or fidelity instruments that could be rehypothecated.
It’s exactly the same scheme.
It was another $38 million of fraud according to our estimates at the time.
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To follow fraud from the Iran-Contra period and to continue to do it to this day — just
look at where the Blackstone Investment Group is opening up offices in the world.
You can usually tell what’s going to be the next place where there’s going to be a
fraud.
There’s something that I haven’t revealed until this time, and that’s the fact that I had
the opportunity to become involved in a Mexican diversion scheme with some of my
former chums and other government hangers-on.
I probably could have made several hundred thousand dollars or more.
Unfortunately, the position I was offered was the position of front man — meaning
my name and my signatures would be on everything.
Of course, people like me learn that being a front man means very simply that you
make the least money.
And you’re also the most expendable later on when something goes wrong and
everyone else is looking to cover their ass.
I therefore declined the offer to become involved.
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Security” in Iran-Contra sensitive fraud cases to keep out the media.
Frankly, the practice was politically untenable after 1988.
In the Nevada properties, there had to be at least the semblance of reality, particularly
in the mining deals. All of the mining deals I marketed in Nevada, including the
Helena Mining deal and the Cosmos Development deal — it was similar to the oil and
gas frauds.
In other words, the oil and gas frauds were based on old beat-out limestone pumpers
that pumped one barrel a day perhaps and had been pumping a barrel a day for fifty
years.
Give them a shot of acid every ninety days, and they’ll pump fifty gallons of water
and one gallon of oil a day.
But you just do manipulation of the logs and meters.
You make that one barrel a day appear like three hundred.
The mining deals were mostly the same way. In Nevada, all of the mining deals that
I marketed — the gold, silver, platinum mining deals — were all what’s known as open
pit leach mines. And they did, in fact, produce precious metals, but nowhere near the
production we were actually claiming in these deals.
Let’s put it that way. People familiar with mining would know that in leach mining
you have to move an incredible quantity of earth. You have to build these enormous
pools, which almost look like swimming pools. Then there’s the acid and solution and
electrolytic zinc rods which attract the metals from the sands.
But frankly, to make a leach mine profitable, it has to be an incredibly large
operation. Anybody with any brains who visited these sites would have known that
there wasn’t anywhere near the amount of metals coming out of these mines that what
we claimed.
Thanks to our Nevada friends in the Bureau of Natural Resources in Nevada, which
was very solidly Republican controlled, we could easily manipulate it to make it
appear that much more was coming out of these mines than there actually was.
The final Iran-Contra note I wanted to make about Nevada was the egregious swindle
that George Bush Sr. himself instituted in concert with Frankie Sue DelPapa on that
Cosmos Development deal.
The scenario in question later became known as the Peruvian Gold Certificate
Swindle, where DelPapa actually substituted corporate records.
Bush had formed a corporation with a very similar sounding name. This was so
commonly done — mimic corporations with similar sounding names.
You simply substitute the records and it was an out-and-out swindle of the Durham
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family. This is the scenario that the famous California conspiracy theorist, E.E Eckert,
got involved in.
Of course, he pounded away on this conspiracy for years in that little rag sheet he
printed, The Contact.
And he actually presented a pretty good case of it. We’re talking about a man and his
staff of about three guys who spent years investigating this fraud. And they did have it
put together awfully well.
But it was such an egregious fraud, an out-and-out theft by George Bush.
What Eckert did was to connect this fraud to ever larger frauds. He connected this
gold certificate fraud into big money, tens and hundreds of millions of dollars in bank
loans at Banque Paribas, Credit Lyonnais, Union Bank of Switzerland.
This is also part of the National Bank of Greece swindle that was instituted by Prime
Minister Papandreou and George Bush together.
As a matter of fact, Bush’s attorney, C. Boynton Grey, flew to Athens.
You would see his travel records to the same places all the time — to Paris, Zurich and
Athens.
Eckert did a good job of pointing out who he met with — the President of the National
Bank of Greece, for instance.
This wound up being an enormous swindle in the end and this is what is called the
Grade One Swindles in Iran-Contra. These are the swindles that nobody is ever going
to want to look at because it gets far too close to the way everything works and what it’s
really all about.
Eckert for a long time tried to get the major media interested in it.
And they would bite. ABC bit a couple of times on it. As long as the fraud could be
contained, to say, “Well, it’s just a small $75 million fraud, and Bush was connected to
it.”
But the minute Eckert was able to show that this was up in the clouds . This is one of
the frauds in the clouds that makes the world go around, that ultimately were to
involve Daiwa Bank and Sumitomo Bank.
It’s an interesting example.
They had hired me at one time as a consultant to provide some further information
for them, which I did.
They needed some connecting pieces of the puzzle.
But this is a very interesting fraud that an entire book could be written about. It’s a
fraud that starts out with a $50,000 investment by George Bush. Ultimately it grows
into a $2 or $3 billion international bank fraud.
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How? By simply rehypothecating loans and/or borrowing ever greater amounts of
money, using proceeds to pay back the old loans, or in some cases to partially pay them
back, which was more common.
Then the corporate entity would go bankrupt. Credit Lyonnais was one of the very
few banks to ever admit that it lost money, that it had in fact lost about $68 million on
this fraud.
Of course, they would have no comment when they were asked about George Bush’s
involvement with this fraud.
But Eckert knew and the Financial Times London knew that Bush’s signature was on
loan papers at Credit Lyonnais.
You may remember this famous scenario. FT London revealed that Credit Lyonnais
had a fire in their reserve document storage facility in Paris and (wouldn’t you know
it?) there were three or four file cabinets that got burned up, including all of the Bush
documents.
I had wanted to discuss Colorado to some degree because it tends to be
misunderstood in terms of Iran-Contra fraud. When a student of Iran-Contra hears
Colorado, they instantly think of HUD because Colorado was the center for HUD fraud
in the west.
That’s how Colorado tends to be looked at, but what is always less looked at is the
huge amount of securities fraud that was run out of Denver.
Denver, after all, was really the chief place for Iran-Contra-instigated securities fraud
because so many penny brokerage firms were located in Denver. They had by 1985
much common ownership through the National Brokerage Group, which at that time
was run by the infamous Dick Brenneke.
National Brokerage Group had equity interests in Blinder Robinson, for instance,
which was the largest penny house in the country. But they also controlled many
smaller firms — Butcher & Singer, Trotter & Company, Marco Island Securities, Atlantis
Securities. We could go on and on.
You would see that it was these small broker/dealers — the same fourteen
broker/dealers — that appeared on the pink sheets for all of the public penny deals that
I marketed.
Their officers, principals, directors, trustees and boards of advisors consisted of
individuals such as Oliver North, Richard Secord, Jeb, Neil or George Bush Jr. Or
people like Colonel Robert Steele, Colonel James LeBlonde, Colonel Dutton, famous
Iran-Contra names in the securities part of Iran-Contra fraud where many names can be
pieced together with the actual commission of fraud.
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If we group Iran-Contra fraud into the subtexts of real estate, banking, insurance,
securities, mining, aircraft brokerage fraud, charitable foundation fraud, and so forth,
we find that securities fraud has been the least investigated to this day.
Documents are significantly harder to get out of the SEC than many other federal
agencies because, for such a long time into the post-Iran-Contra coverup, the
Republican party had such control at the SEC that they were able to deny access to
documents for a very long time.
Documents to which they could not deny access could very quickly wind up in a
court case in which a Republican-sympathetic judge would place them under seal.
Therefore, documents were either unavailable or under seal.
The media will quickly lose interest because of the time, effort and resources that had
to be devoted in any thorough investigation of Iran-Contra securities fraud.
This is an area that I thought should be further explored.
Who is going to explore it? I don’t know because it would be cumbersome, tedious
and difficult, although the documents vis-a-vis Iran-Contra securities fraud, are usually
more easy to obtain because criminal cases and civil cases involving the SEC regarding
these brokerage firms and the penny deals they proffered are more readily available
today than they were before.
I’ll preface this by saying that many had thought that the securities fraud aspect of
overall Iran-Contra fraud was rather minor.
It wasn’t as minor as people thought. As serious students of Iran-Contra know, the
SEC did a very comprehensive review in 1992, in the waning days of the Bush
Administration to try to quantify Iran-Contra securities fraud.
After going through all of its field office and regional office records, the SEC was
surprised to learn that their own estimate was that public shareholder losses (the
ultimate bagholders, the public) amounted to some $3 billion through Iran-Contra
fraudulent penny stock deals.
I don’t mean to imply that any of these were legitimate because they weren’t.
However, to get back to Colorado, we see the chain of holding of these various security
groups.
National Brokerage was, of course, a division of MDC Holding Group.
MDC was controlled by none other than the famed Republican player in Denver,
Leonard Millman and his associate, Steve Mizel and former ambassador to
Switzerland, Phillip Winn.
Their corporate counsel, by the way, was Norman Brownstein.
Brownstein had been a former CIA counsel. And although Brownstein did mostly
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criminal work, he was corporate counsel in Denver in the securities and real estate
deals. They all have Iran-Contra connections.
Students of Iran-Contra would remember how Brownstein became involved in
representing people in many Iran-Contra/CIA sensitive narcotics cases.
You can point some of these Colorado deals to the naysayers.
It is good ammunition to counter the Iran-Contra naysayers.
Some would like to say Iran-Contra is long over. There are no entrails. There are no
further connections.
Read my lips.
Iran-Contra is not over. It’s as alive as it ever was.
The same people, the same banks, the same firms. It’s as much alive as ever.
And you can demonstrate this by looking at the people that were involved in deals in
the 1983-86 timeframe.
Look at the same people today. They continue to be in the news.
In Colorado this is very true. There’s the U.S. Attorney’s office in Denver, the Norton
and Griffin affair vis-a-vis Federal District Judge Zita Weinshank, their active covering
up of certain HUD cases, and the involuntary scapegoats, such as Don Austin.
The relationships are still cozy to this day. When Norton is forced out of the U.S.
Attorney’s office and ultimately the U.S. Attorney is forced out, a Democratic
appointee, Henry Solano, comes in.
Although he’s a Democrat, Solano then starts to do the same political control feature
that had been done before.
Solano owes his political patronage to Congressman Henry Gonzalez.
He’s the one that originally got him the appointment, under the understanding (and I
got this directly from Gonzalez’s investigator, Dennis Caine) that Solano was going to
be more forthcoming with documents that Gonzalez wanted — Iran-Contra-sensitive
banking and security fraud documents that Gonzalez’s committee was interested in.
Then Solano completely pulled the rug out from under Gonzalez.
There really isn’t anything that Gonzalez could say or do because it was sort of a,
shall we say, off-the-cuff type of deal to begin with.
I can tell you Gonzalez was really pissed off about what Solano did to him.
HUD Secretary Federico Pena did exactly the same thing.
Pena really got his position because of Gonzalez. And this is the little Mexican
Democratic cabal that these guys are now.
Pena wouldn’t give him any HUD documents.
But to get back to Norton — Norton acts as a control feature within the U.S. Attorney’s
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office in Denver pursuant to HUD prosecutions.
This is all under the guise of Iran-Contra coverup. And then his wife Gail Norton
becomes Attorney General of the State of Colorado and acts in exactly the same
capacity for cases that are getting kicked out from the federal jurisdiction to the state
jurisdiction.
Recently Gail Norton resigned under pressure from her position as Attorney General
of the State of Colorado and became a senior partner in Norman Brownstein’s law firm
with the infamous Phillip Bronner, another former CIA counsel.
We could go on with the story. It just shows you how cozy the relationships continue
to this day, and that Iran-Contra activity is still both extant and the ensuing coverup is
still extant.
One of the last frauds I wanted to mention — speaking of Dick Brenneke — are
crossover frauds.
That is where Iran-Contra Frauds cross over into Iraqgate Frauds and/or weapons
schemes and/or narcotics.
Brenneke started the infamous Wa-Chang Trading Group of Albany, Oregon, which
is well known to any Iran-Contra and Iraqgate students.
It later became known as the Zirconium Diversion Deal, wherein the principle was to
help Iraq surreptitiously build up its nuclear weapons program.
We have to examine who is on the Board of Directors and Advisors of that deal. That
will give you an enormous clue of just who in the United States Government wanted to
see Iraq helped in building its nuclear weapons program in 1986-1987.
25. More Chinese-Military Connections
The concept of the Chinese Government contributing large amounts of political
monies to both parties in this country is nothing new.
When we say “Chinese Government,” of course, we are referring to the PRC or
People’s Republic of China.
I was involved in a very similar scheme in 1985 to launder money for the Republican
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National Committee. That became known as the CARICOM deal, and very little was
said about it at the time. It’s strange. One reason why there wasn’t a lot of interest in
the media at the time is because it was regarded in 1985 as being old news.
But these connections had actually existed since the mid-1970s and the entire notion
of illicit Chinese money going into U.S. political coffers was, in fact, nothing new.
The scheme really had never changed, and the reasons behind it have never changed.
The Chinese are giving this money for two reasons: 1) to buy political access, and
more importantly, 2) to buy weapons and technology access.
What is happening today and what has happened in recent months is absolutely no
different than what has happened in the past.
I would like to take this time to explain some of the people who are involved.
We have heard on the major media, principally the Fox Network, which is on the
cutting edge of these Chinese revelations, all kinds of names being thrown out to the
American people — General Ho, Colonel Liu. But they’re just names.
There was never any effort to tell the people who these individuals are. And I
thought I would take this time to explain it.
Gen. Ho is Lt. Gen. Ho, Chief of the North American Desk of the Chinese Ministry of
State Security, Foreign External Operations Branch.
His equivalent, for instance, in the KGB would have been Lt. Gen. Alexander Karpov,
Chief of the North American Desk of the KGB.
His American equivalent would be the operational chief of any large country desk or
continent desk. It is no small position, certainly.
We have also heard much about his daughter, who was consistently referred to as
Miss Ho. Her actual name is actually Yu-Fen Ho, meaning “beautiful flower.”
She is married to Col. Liu.
His full name is Col. Lang Liu.
Of course, what I don’t like about the way these revelations come out is that there’s no
context for who these people are.
Col. Liu is married to Gen. Ho’s daughter.
Col. Liu is also Gen. Ho’s adjutant at the Ministry of State Security.
Col. Liu’s immediate subordinate is Lt. Col. Lan Chin. Chin’s immediate subordinate
(he travels with him in the United States) is Major Wei Pong.
Lan Chin (more commonly referred to in the United States by those who know him,
including myself, as Lanny Chin) operates under the cover of being a Chinese arms
dealer, when in fact he is an officer of the Ministry of State Security.
This is known by the CIA and it has been admitted by the CIA —
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