Wednesday, November 26, 2008

[NewsViewsnolose] Which drug money laundering bank get billions to bail it out? CITIBANK‏

newsviewsnolose@yahoogroups.com on behalf of dick.mcmanus

Which drug money laundering bank gets billions to bail it out? Citibank
There is a consensus among U.S. Congressional Investigators, former bankers and international banking experts that U.S. and European banks launder between $500 billion and $1 trillion of dirty money each year, half of which is laundered by U.S. banks alone.
Over the last 20 years, big bank laundering of criminal funds and looted funds has increased geometrically. Over a decade then, between $2.5 and $5 trillion criminal proceeds have been laundered by U.S. banks and circulated in the U.S. financial circuits. This amount does not include illegal transfers and capital flows from corrupt political leaders, or tax evasion by overseas businesses. These other elements of illegal flight capital would produce much higher figures. The Brookings Institute expert also did not include illegal shifts of real estate and securities titles, wire fraud, etc.
In other words, an incomplete figure of dirty money (laundered criminal and corrupt money) flowing into U.S. coffers during the 1990s amounted to $3-$5.5 trillion, and the importance of laundered money is forecast to increase.

Former private banker Antonio Geraldi, in testimony before the Senate Subcommittee projects significant growth in U.S. bank laundering. Some $500 billion of criminal and dirty money was flowing annually into and through the major U.S. banks. These yearly inflows surpass all the net transfers by the major U.S. oil producers, military industries and airplane manufacturers. The biggest U.S. banks, particularly Citibank
, derive a high percentage of their banking profits from serving these criminal and dirty money accounts.
Source: Size and Scope of Money Laundering by US Banks From La Journada [Mexico],

5/19/01, by James Petras - Professor of Sociology, Binghamton University.
Obama is listening to the wrong people in his national security Intelligence Transition Team

Former CIA officer John Brennan and former CIA officer Jami Miscik, both former intelligence officials under George Tenet, are leading Barack Obama's review of intelligence agencies and helping make recommendations to the new administration. Brennan has supported warrantless wiretapping and extraordinary rendition, and Miscik was involved with the politicized intelligence alleging weapons of mass destruction in the lead-up to the war on Iraq."

John Brennan was deputy executive secretary to George Tenet during the worst violations during the CIA period in the run-up to the Iraq war, so he sat there at Tenet's knee when they passed judgment on torture and abuse, on extraordinary renditions, on black sites, on secret prisons. He was part of all of that decision making.
JOHN BRENNAN said: I think it's an absolutely vital tool. I have been intimately familiar now for the past decade with the cases of rendition that the US government has been involved in, and I can say, without a doubt, that it has been very successful as far as producing intelligence that has saved lives.
MELVIN GOODMAN said: Well, John Brennan is being completely dishonest there. All of the operational people I've talked to know that the people who were turned over to the Arab intelligence services—and remember, this is Egypt, this is Syria, this is Jordan, this is Saudi Arabia—that all of these foreign intelligence services commit torture and abuse. ….we were turning over them to them, to the Arab liaison services for torture and abuse. John Brennan has defended the warrantless eavesdropping.
MELVIN GOODMAN former CIA and State Department analyst Mel Goodman. He's a senior fellow at the Center for International Policy, director of the Center's National Security Project.
MICHAEL RATNER, president of the Center for Constitutional Rights, said: The idea that Brennan, who should probably, along with Tenet, be facing some kind of war crimes trial, is actually heading the transition on this is extremely disturbing… It's extremely, extremely disturbing. When you read Jane Mayer's book, the worst and most onerous chapter is the chapter on what the CIA did to people in secret sites, from small coffins to waterboarding.
Jami Miscik was the Deputy Director for Intelligence during the run-up to the Iraq war.
She passed on the white paper, which was the phony paper that violated the CIA charter, because it took classified material and then declassified it and sent to the Congress only days before the vote on the authorization to use force in Iraq in October 2002, prepared by Paul Pillar. She was part of the team that prepared the outrageous speech that Colin Powell gave, that speech with 28 allegations, all of them false, prepared in February of 2003
http://i2.democracynow.org/2008/11/17/obama_taps_ex_cia_officials_tied
Noriega is about to complete his 15-year prison sentence
-- at a minimum-security federal prison outside Miami.
Jan 9, 2008 A U.S. (federal) District Judge Paul Huck turned down the request from former Panamanian dictator Manuel Antonio Noriega, 73, to avoid extradition to France ( 11th U.S. Circuit Court of Appeals in Atlanta.)
French courts convicted Noriega in absentia on money laundering charges He may face re-trial and possibly by sentenced to ten year in prison.
Noriega was captured during a 1989/ 1990 U.S. (undeclared) invasion and convicted two years later.
A French court sentenced Noriega to 10 years in prison in 1999 after his conviction in absentia on various charges, but authorities say he would be given a new trial on allegations that he deposited 3.15 million dollars in cocaine trafficking profits in French bank accounts in the 1980s.
He was tried on charges of drug trafficking, money laundering and racketeering.
Panamanian Foreign Affairs Minister Samuel Lewis said that he would insist on having Noriega sent back home, where he was convicted in absentia of corruption and murder.
Yet in Dec 98, Noriega appealed his 40-year prison sentence. In March of 1999, Noriega'sDonald Winters, a former CIA Chief of Station in Panama testified that Noriega should be given a break. Also Former US Ambassador to Panama, Arthur Davis jail sentence was slashed from 40 years to 10 years, making him eligible for parole in less than a year. During this appeal, testified on Noriega's behave.

http://www.stewwebb.com/Money%20Laundering%20B.C.C.I.%20The%"20Dirtiest%20Bank%20of%20All.html
Not surprisingly, the sprawling BCCI transnational bank network has been directly linked to the laundering of CIA drug money. John Blum, a former chief special counsel for the Senate Foreign Relations Committee's investigation of BCCI chaired by John Kerry, disclosed that the US Dept. of Justice "failed to act" on substantial evidence of money laundering, including a Chicago operation that dated back to 1985.
Blum also said that in 1988 he met BCCI employees in Florida who detailed drug-money laundering activities by the bank. He said the Senate knew about the use of BCCI by Manuel Noriega to launder large sums of cash.

As part of the CIA drug network, Noriega received millions of dollars in kickbacks from the Medellin cartel, laundering $90 million of it through BCCI. His credit was such that BCCI executives routinely took him and his mistress out for extravagant nights on the town, running up tabs of $100,000. According to Congressional testimony by former Panamanian consul Jose Blandon, the CIA had actually advised Noriega to use BCCI as his bank. They themselves were paying an additional $200,000 a year into his account there. BCCI's Panama branch, in the words of Time magazine, also "systematically helped Noriega loot the national treasury."
Ramon Milian Rodriguez, an accountant for the Medellin drugs cartel, testified before the U.S. Senate Narcotics and Terrorism Subcommittee that he paid Manuel Noriega $4-10 million per month for protection of drug and money shipments from Colombia. From 1979 to 1983, the payments to Noriega totaled $320 to $350 million.
In June 1987, a top Panamanian Defence Force officer, Colonel Roberto Diaz Herrera, publicly denounced the abuses of the Noriega regime. The dramatic accusations triggered massive demonstrations by thousands of Noriega's opponents and spurred the formation of an opposition coalition, the National Civic Crusade. The military used repressive measures in crushing the protests. The U.S. tried many ways to achieve this, firstly threatening Noriega with indictment on drug trafficking charges. Negotiations were held in which the U.S. government agreed to dismiss the indictment if Noriega would step down from power. Noriega refused. http://www.wakeupmag.co.uk/articles/ciadrugslaunder.htm
The CIA was used BCCI and a complex offshore financial system to set up its own unregulated, private, foreign policy apparatus. In this way, it could ignore Congress and carry out its own political objectives throughout the world.

There is no question that BCCI was intimately involved in covertly funding the decade's secret wars. "Black funds" traveled through BCCI for the Contra war, the Iranian-Israeli payoffs, and large covert wars in Afghanistan and Angola.

Since its inception in 1972, BCCI was born and bred to move billions of dollars of blood money with no one seeing it. Time magazine wrote of the bank, "Superlatives are quickly exhausted: it is the largest corporate criminal enterprise ever." Even enemies were apparently welcome at the trough.

BCCI shareholder/
front-man Abdul-Rouf Khalil is known to have Saudi CIA connections, and frequents the office of the CIA station chief in Saudi Arabia.
For more than a decade, Panamanian strongman Manuel Noriega was a highly paid CIA asset and collaborator, despite knowledge by U.S. drug authorities as early as 1971 that the general was heavily involved in drug trafficking and money laundering. Noriega facilitated "guns-for-drugs" flights for the contras, providing protection and pilots, as well as safe havens for drug cartel officials, and discreet banking facilities. U.S. officials, including then-ClA Director William Webster and several DEA officers, sent Noriega letters of praise for efforts to thwart drug trafficking (albeit only against competitors of his Medellin Cartel patrons). The U.S. government only turned against Noriega, invading Panama in December 1989 and kidnapping the general, once they discovered he was providing intelligence and services to the Cubans and Sandinistas. Ironically drug trafficking through Panama increased after the US invasion.
(Source: John Dinges, Our Man in Panama, Random House, 1991; National Security Archive Documentation Packet The Contras, Cocaine, and Covert Operations.)
Noriega considered one of his most important project as the new leader of Panama, a plan to finance and construct a new canal with the help of the Japanese. Pres. Bush Sr. feared this would mean a U.S. construction firm, Bechtel would lose billions of dollars to Japanese firms. This project would force the U.S. to live up to the terms of the Canal Treat. [1] page 174-176.

Source: 1. Confessions of an Economic Hit Man, by John Perkins
Operation Trifecta" happened at the end of `87.
Former DEA Agent MICHAEL LEVINE said : Operation Trifecta was a three-pronged probe into the top of the drug world. It went into "La Corporacion" in Bolivia, where myself and a team of undercover agents (actually, one other undercover agent, Jorge Ochijo, who was still with U.S. Customs in California) .... we made a fifteen-ton cocaine deal with people in this corporation who were producing four hundred kilos of cocaine a day in their lab. Just think about that: four hundred kilos. And they were only a small part of this huge corporation. In this same operation, we met the top money launderer in Panama, Ramberto Rodriquez, to whom we were instructed to pay our first five million dollar payment. This was a man whom we believed was closely linked to Noriega, when Noriega was being protected [by the U.S. Government]. This was three months before Noriega's indictment. We then met with the grandson of the man who wrote the Mexican Constitution, a Mexican colonel, Colonel Carranza. I bribed him with a million dollars to land the first shipment of cocaine, from Bolivia, in Mexico and to get Mexican, military protection in ferrying that load up to the United States.
The case, in all three countries, was truncated by my own government's actions (TRANSLATED: The Department of Justice covered up and shut down this investigation.)

"http://www.serendipity.li/wod/levine.html" \t "_blank"

According to U.S. intelligence insiders, then-Vice President Bush authorized a Boeing 747 with a special "carriage" to airlift several tons of gold bars from Clark Air Force base in the Philippines to LaGuardia Airport in New York.
Five Star Trust (bank) has been connected by these informed sources to have originated in 1983, when deposed Philippine dictator Ferdinand Marcos, Saudi billionaire Adnan Khashoggi, and then-Vice President George H. W. Bush were allegedly looking for a repository for an estimated $3 billion in looted Philippine gold and gems. Marcos and Khashoggi set about to create Five Star Trust in 1983, as a means to create a vehicle to use the Philippine wealth and to funnel fungible assets.
In 1989, Five Star Trust was officially established in the Isle of Man by a Houston-based attorney who was a close friend of the Bush family. Since that time, Five Star's accounts are said to funnel more funds from Saudi Arabia as well as cash reserves hidden away in offshore artificial shells by Enron before it collapsed.
The gold bars were then transported to the International Diamond Exchange Vaults near Rockefeller Center. A CIA proprietary firm called Oceaneering International of HoustonUnion Bank of Switzerland (UBS) Bank in Zurich. was reportedly involved in airlifting some of the gold from the Philippines, in addition to sea-lifting the remainder to Oregon. After George W. Bush's victory in 2000, the last of the gold in New York was moved to
Union Bank of Switzerland did have other connections; it was a joint-venture partner with the notorious BCCI in a Geneva-based bank, and was involved in a scandal surrounding the Nugan Hand Bank, a CIA operation in Australia whose executives were advised by William Quasha, the father of Harken's chairman (Alan Quasha.) Union Bank of Switzerland Bank was also involved in scandals surrounding Panamanian money laundering by BCCI, and Ferdinand Marcos' movement of 325 tons of gold out of the Philippines.
http://www.realchange.org/bushjr.htm"
Alan Quasha's father is William Quasha and is a Filipino banker, who had been at strong supporter of President Ferdinand Marcos. William Quasha owned 21 percent of Harken's stock. He also had advised top officials in Australia's Nugan Hand Bank, a CIA operation, which was involved in drug trafficking operations which originated in Southeast Asia during the Vietnam War.
Comment: Harken Energy.. the company AWOL Bush made a killing investing in while it was losing money. Was someone was giving Junior money by losing money investing in his company?
http://www.publicintegrity.org/dtaweb/report.aspReportID=431&L1=10&L2=10&L3=0&L4=0&L5=0

"Conspiracy" just means, more than one person being involved in something
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1 comment:

gordon said...

I think you have a problem with non-functioning internet links.