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Iran Contra Frauds and The Denver Illuminati Zionist Connection

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.

Accident_20101025-16

 

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_Grand_Jury_Demand_vs_George_Bush_US_District_Court_95Y107_03202012.htm

http://www.stewwebb.com/Stew_Webb_vs_Kerre_Millman_Civil_RICO_July_31_1997_case_97_N_1498.htm

The_Conspirators_by_Al_Martin

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

Page 109

$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

 

229

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

 

230

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.

 

231

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.

 

232

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

 

233

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.

 

234

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.

Page 285

83

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

 

284

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.

 

285

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.

 

286

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

 

287

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

 

288

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

 

289

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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Pension schemes sue BP over fraud and negligence

Pension schemes sue BP over fraud and negligence

Pension_Funds_Suit_BP

Pension schemes and asset managers from within the UK and Europe are suing BP in the U.S. court of Texas over alleged fraud and negligence before, during and after the Deepwater Horizon oil spill.

When in April 2010 an explosion hit a drilling oil rig 11 men died, but nobody watching the news at the time could possibly envisage that this was also the beginning of the worst ever offshore spill in the history of the U.S. and an environmental disaster which ensured BP’s stock price would be halved within the space of a few weeks.

Now, more than two years later, the case is back in the news as institutional investors claim BP lied to them about its safety first culture in the years leading up to the spill. The claimants say BP is therefore responsible for the loss of “an amount to be proved at trial”, believed to be in the tens of millions of pounds.

On behalf of six investors, including the South Yorkshire pension fund, Skandia Global Funds and GAM fund management, lawyers filed a claim for common law fraud, negligent misrepresentation and statutory fraud in the Texas. The investors state that they would not have bought the shares in BP at the price they paid if they had “known the truth”.

Advised by lawyers from

Click on link to read full report:

http://www.pensionfundsonline.co.uk/(X(1)S(cknlx312g2crmv0tfjaf31sa))/dir/virtualpages.aspx?cat=pension-funds-insider&sub=legal&title=pension-schemes-sue-bp-over-fraud-and-negligence&id=689&AspxAutoDetectCookieSupport=1

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Chief Justice Roberts Gets Personal Sanctions Motion

Chief Justice Roberts Gets Personal Sanctions Motion

Breaking News May 1, 2013

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By  Stew Webb  – Federal

Whistleblower-Activist

On Monday, Chief Justice John Roberts and the staff of the United States Attorney for the District of Columbia were served with a Motion for Sanctions under Rule 11 in the injunctive relief case LANDRITH et al v. JOHN G. ROBERTS 1:12-cv-01916-ABJ

The Chief Justice has 21 days to withdraw his misrepresentations to the court of Judge Amy Berman Jackson.

 

The Veteran’s Today readership is so vast that many fellow Missouri citizens have contacted me, mad about the fact that only Veterans Today and this Article is exposing the real reason behind the loss of almost all of our Show Me State’s auto plants.

 

During Sam Lipari’s quest to enter the national hospital supply market he repeatedly informed the courts that America was in danger of thirty more auto plant closings if the hospital supply monopoly was not broken and healthcare costs continued to be too expensive for American employers to compete with foreign manufacturers in the domestic US market.

 

At the time Lipari filed the Medical Supply Chain, Inc. antitrust lawsuit in 2005, Ford knew it was going to be forced to close 14 plants in North America by 2012 and lay off 30,000 American workers, but federal judges could not be bothered with the felony Sherman Antitrust Act violations Lipari had evidence were breaking the bank of private and government healthcare plans. Back in 2006, General Motors was closing its Oklahoma City plant and even US Tenth Circuit Court of Appeals judges from Oklahoma could not be troubled to understand the significance of General Motors having to close another eight plants and lay off 30,000 workers of its own because it was being crippled by healthcare costs and the rising expenses of its retirees.

 

The auto plant closures rippled through the national economy. In the neighboring state of Kansas which had only one General Motors plant, Governor Kathleen Sebelius who is now President Obama’s Secretary of Health and Human Services warned: “There are an estimated 60,000 Kansas workers whose livelihoods depend on the survival of the American car companies..” No state was immune from the loss of Blue Collar middle class jobs and the loss of the tax revenue this wealth brought in. The State of Kansas would later have to cut the budget of the state judge colleagues of the federal judges refusing to hear the evidence in the Medical Supply Chain antitrust litigation.

 

I have agreed to provide our readers updates on the case against Chief Justice John Roberts to force federal courts to publicize judicial ethics complaints. Landrith and Lipari argue that this change will prevent the repeated violations of the constitutional rights of parties in federal litigation. And, it looks like it is shaping up into a real fight to reclaim the soul of justice in our once great nation.

 

On Monday the plaintiffs were forced to serve a Motion for Sanctions against Chief Justice John Roberts for repeated and intentional misrepresentations to the Washington, D.C. court.

 

Landrith_Lipari_Motion_for_Sanctions


While this seems unbelievable and outrageous that the man in charge for enforcing the code of ethics and judicial canons in America’s courts would make fraudulent misrepresentations to the court he is on trial in, readers must remember that Chief Justice John Roberts’ legal defense is being controlled by Attorney General Eric Holder, the first Attorney General in the history of the United States to be under a Contempt order by Congress. Of course that was also for misrepresenting the facts and preventing access to records that are believed to contradict his testimony.

 

The Congress is suing Attorney General Eric Holder to get those same records in a case that like Bret Landrith and Sam Lipari’s lawsuit is also being heard by Judge Amy Berman Jackson.

 

Landrith and Lipari have answered Chief Justice John Roberts’ Motion to Dismiss the Amended Complaint and the Answer is available online. Fair warning though, don’t try to read it unless you have your blood pressure medicine within reach.

 

First_Amended_Complaint_Landrith_and_Liapri _v._Roberts


It seems that civilian public servants in the District of Columbia have some casual attitudes toward their solemn responsibilities. Attorneys cannot ethically misrepresent the material facts or the relevant case law to a tribunal. But, I guess if you are defending the Chief Justice of the United States to keep the process for reporting judicial ethics violations from being improved, the Department of Justice must feel its okay to break some rules.

 

The First Amended Complaint reveals for the first time known to this author, a secret part of the USA PATRIOT Act that was never published, but enforced as an official policy by government employees in the Department of Justice and Judicial Branch. How people could enforce a law that is secret and not published where citizens can learn of it and change their conduct is a new one to me.

 

Reading between the lines, it is clear that the policy being enforced was the censoring of political and business speech. So not putting this part of the USA PATRIOT Act into a published statute probably kept a lot of the people enforcing the censoring of US Senate campaign sites and blocking hospital supply sites to restrain trade from knowing just how bad they were violating the constitution.

Related:

http://www.stewwebb.com/news/chief-justice-roberts-fails-attempt-to-dismiss-lawsuit/

http://www.veteranstoday.com/2013/04/16/chief-justice-roberts-fails-attempt-to-dismiss-lawsuit/

http://www.veteranstoday.com/author/swebb/

http://www.bretlandrith.com

http://www.medicalsupplychain.com

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Stew Webb 32 Years a Federal Whistleblower
Stew Webb served in the United States Marine Corps and was Honorable Discharge. Stew was a General Contractor-Home Builder until 3 car crashes in one year and is now disabled. Stew turned Federal Whistleblower-Activist of 31 years and has been a guest on over 3,000 Radio and TV Programs since September 18, 1991 and now has his own Radio and TV Network http://www.stewwebbradionetwork.com Stew was responsible for the Congressional Investigations and hearings that lead to the Appointment of Independent Prosecutor Arlin Adams in the 1989 HUD Hearings, the Silverado Savings and Loan Hearings, the Denver International Airport Frauds hearings, the MDC Holdings, Inc. (MDC-NYSE) Illegal Political Campaign Money Laundering Colorado’s biggest case aka Keating 5 hearings and the information provided that lead to the 2008 Illegal Bank Bailout.
Stew was held as a Political Prisoner from 1992-1993 to silence his exposure by Leonard Millman his former in law with illegal charges of threatening harassing telephone calls charges which were dismissed with prejudice. Leonard Millman, George HW Bush, George W Bush, Jeb Bush, Neil Bush, Bill Clinton, Hillary Clinton, Larry Mizel, Phil Winn, Norman Brownstein, John McCain and Mitt Romney to name a few are all partners in what is known as the Bush-Millman-Clinton Organized Crime Syndicate. Leonard Millman (Deceased 2004) was member of the "Illuminati Council of 13".

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