MAPPING THE COVERT CONNECTIONS
In addition to being the President and Chairman of Nantucket Holding Company, Peter Seaman was a successful businessman
and involved in a number of other enterprises. These included an
entity called Harbor Fuel Holdings Co., Inc. of Westchester County,
in which Seaman was a partner with attorney Stuart Root.
and Seaman were clients of attorney Kenneth C. Ellis.
Root was a
director of another firm called Bowery Advisors Subsidiary
Corporation, which was registered in Florida with a principal
mailing address of Kenneth C. Ellis "care of" the Southeast First
National Bank building, located at Biscayne Boulevard, Miami. Seaman
had a residence in Greenwich, Connecticut, where, by another odd
coincidence, his next-door neighbor was Citibank’s
Following his close association with Dan Hughes in setting up the
MidAval Hammer deal in October 1989, Seaman thereafter refused to
speak with Hughes ever again. Whether it was guilt for diverting
Hughes’s commission or some other factor that caused this
extraordinary vow of silence, we shall never know. Peter Seaman
died, taking all his secrets with him.
Oswald Howe, Jr:
Dan Hughes’s attorney throughout the
and the subsequent years of investigation was Oswald (Ozzie)
Howe, Jr, of the Miami law firm of Mershon, Sawyer, Johnston, Dunwoody &
Cole, whose offices were located in the Southeast Bank building at
the Southeast Financial Center.
According to Dan Hughes, it was
who introduced him to Southeast Bank, and Howe did a lot of real
estate work for the bank. Hughes also feels that his ongoing law
case would be a great deal more effective if several vital documents
had not mysteriously disappeared from Howe’s office. In any event,
Mershon, Sawyer, Johnston, Dunwoody & Cole is now defunct, and
Howe practices law and is the senior partner for Howe, Robinson & Watkins LLP in Miami.
Southeast Bank NA was declared insolvent on 19
September 1991; it exists no more. Over the years it could boast
some famous, if not infamous, clients - but one suspects that such
boasting was the last thing the bank’s board of directors had in
mind. One such account "holder" was Philippine dictator Ferdinand
Marcos, who used his henchman and former law school classmate
Roberto Benedicto to front for him.
In addition to being appointed
by Marcos as the Philippines Ambassador to Japan, Benedicto was a
signatory to Marcos’s Credit Suisse accounts and was clearly content
to be used by Marcos as a cat’s-paw to hide his money and gold
Benedicto died in May 2000, following a heart attack.
Other illustrious clients of Southeast Bank over the years have
included such criminal luminaries as Licio Gelli and Michele Sindona,
named by author Luigi DiFonzo in his book,
St Peter’s Banker.
DiFonzo reveals that US$34 million of the "lost" money of
Robert Calvi’s collapsed bank, the Banco Ambrosiano, was traced to that
bank’s subsidiary in Nassau, where it was withdrawn and smuggled to
two Miami banks, one of these being the Southeast First National
Bank (of Miami)--where it was deposited in account number
Bankers Trust International, a subsidiary of
Trust, was the other Miami bank named in St Peter’s Banker as having
funds stolen from Banco Ambrosiano deposited with it. According to
DiFonzo, these funds were deposited into account number 001050018,
which was also controlled by Licio Gelli and Michel Sindons (i.e.,
In 1982, Ferdinand Marcos arranged via his right-hand man,
Fabian Ver, to transfer 50 tonnes of gold bullion to Switzerland via
two chartered 747 aircraft. These were arranged by an individual
using the name Ron Lusk, who had been retained by Ver to deliver the
gold to Bankers Trust, Zurich.
Bankers Trust is of considerable interest for other reasons, too.
Firstly, readers will recall that Dan Hughes caused two sight drafts
to be issued in favour of Bankers Trust for the collateral
commitment relative to the Chase and Citibank debenture
instruments - an activity which, as we have already seen, caused
General Erle Cocke to believe kicked off the Project Hammer programme in a big way.
Secondly, the lawyers and investigators who were building a lawsuit
for Dan Hughes and other clients cheated out of their money were
quietly negotiating with the Central Intelligence Agency in an
attempt to settle privately and quietly out of court. According to
Dan Hughes, these negotiations were taking place with the office of
Buzzy Krongard, the then No. 3 man in the CIA hierarchy.
By profession, Krongard is a banker and formerly was the Chairman
and CEO of investment bank Alex. Brown, Inc. In September 1997, Krongard engineered the merger of Alex. Brown with
Bankers Trust and
became the Vice Chairman of the board of directors of Bankers Trust.
A few months later, in January 1998, he was recruited as a "counsellor"
to CIA boss George Tenet. In March 2001, he was promoted to
Executive Director, making him the No. 2 man of the spy agency.
But the strange coincidences don’t end there. South African
intelligence operatives Rolf van Rooyen and Riaan Stander,
30 who are
both deeply enmeshed in the Project Hammer (1 and
2) story, were working
closely with Gregory Serras, the President/CEO of the San Diego
brokerage firm, Vanguard Capital.
This involved discussions for
Vanguard to act on their behalf in the private placement of Argentinian government-approved debenture instruments that formed
part of a trading programme that van Rooyen and Stander had been
working on. In a signed letter, Serras - acting on behalf of his
bank, Morgan Stanley & Co. - requested confirmation that the
debentures in question were "legal securities authorized and
approved by the government of Argentina"
Vanguard appears to change its banking relationships from time to
time. In the period that Serras was in contact with van Rooyen, its
relationship was with Morgan Stanley & Co. Today it is with the
of New York, Inc. - itself no stranger to front-page scandals, such
as those involving money-laundering activities for Russian crime
syndicates and political figures.
31 Of interest is the fact that
Vanguard was earlier affiliated with Buzzy Krongard’s old firm, Alex. Brown, which, following the takeover of Bankers Trust by
Germany’s Deutsche Bank, changed its name to Deutsche Banc Alex.
The fact is that when it comes to the fraternity of banking, one can
often disregard the supposed rivalry that is said to exist, because
incestuous relationships are commonplace. In the past, at least, the
big banks owned significant chunks of each other’s stock, whereas
nowadays they just tend to merge. Take, for example, the Bank of
America, whose second-largest stockholder was J. P. Morgan. In third
place was Citibank.
Meanwhile, Citibank’s largest stockholder was J.
P. Morgan, which in December 2000 merged with Chase Manhattan to
form the all-powerful J. P. Morgan Chase.
Bankers Trust was a J.
P. Morgan creation from day one.
White & Case:
No doubt by sheer coincidence alone, the Marcos
account held by Roberto Benedicto at Southeast Bank was a White &
Case Trust account (number 018-410191).
It may also have been mere coincidence that
Peter Seaman’s and
Stuart Root’s attorney, Kenneth C. Ellis - who was the registered
addressee at Southeast Bank building for the Bowery Advisors
Subsidiary Corporation - is also listed on the
White & Case website
as a partner of that firm, who specializes in financial matters and
who now works out of its Singapore office.
One of the more flamboyant financiers of recent decades
undoubtedly is the Italian, Florio Fiorini, the former finance
director of the Italian state-owned oil company, ENI. Fiorini is
best known for his failed attempt to rescue Roberto Calvi’s bankrupt
private bank, Banco Ambrosiano - an affair that also involved Mafia
financier Michele Sindona and, of course, Licio Gelli, the
Grandmaster of the secret masonic lodge, P2, that was a parallel de
facto government of Italy.
Unlike others, Fiorini spilled the beans, and he did so in two books
that he wrote while in Champ-Dollon prison, Switzerland, for
"fraudulent bankruptcy". Of the many secrets he revealed, one of the
most explosive was the now infamous conto protezione (protection
account), used to launder profits derived from myriad
insider-dealing activities by some of the largest and most
prestigious banks and transnational corporations in Europe.
A significant slice of the profits was paid to what
amusingly described as "the starving of the parties". In plain
words, these allocations were kickbacks paid to the various
The administrator of the secret kickback account (number 633369) was
a member of P2 and also a former Minister of Justice of disgraced
Prime Minister Bettino Craxi, who went by the name of Claudius
Hammerings - and if one deletes the last four letters of his name,
coincidence throws up the word "Hammer".
33 Readers will by now have
guessed that the account was held at UBS, Lugano.
Fiorini’s name also appears prominently in the story of the looting
of MGM, the famous Hollywood film studio, by Italian Mafia "thug" Giancarlo Paretti. The MGM affair was an event that almost brought
France’s state-owned bank, Credit Lyonnais, crashing to its knees.
Without intervention and an infusion of considerable sums of money
from the French taxpayer, France’s once proud bank would have
This is not the place to recount the MGM/Credit Lyonnais story, but
it is of passing interest only to note that Credit Lyonnais
recruited attorney Charles Meeker to join MGM as president, to
handle negotiations with Paretti. Prior to joining MGM, Meeker was
with the law firm of White & Case.
34 Following a warrant issued by
France, Paretti was eventually arrested and cuffed by US federal
agents in a conference room in the downtown Los Angeles office of
White & Case.
Credit Lyonnais has also been deeply involved in
Black Eagle gold
transactions. In one transaction I am familiar with, a large block
of bullion was to be purchased by a representative operating on
behalf of Credit Lyonnais Rouse Limited, London, the precious metals
trading arm of the bank.
It is also interesting to note that UBS, Lugano, was not only the
bank of choice for those running the secret insider trading
protection account; it was also the bank of choice for former
Philippines dictator Ferdinand Marcos. The numerous confidential
accounts he had at that bank have been dubbed the "Mother"
money-laundering account for the Marcos family by Marcos gold
investigator Reiner Jacobi.
But the UBS connections don’t end there. The Honorary Chairman of
UBS (now part of the Swiss Bank Corporation Group) is Nicholaus
Senn, who was also the Chairman of the enormous transnational
corporation, Compagnie Financière Richemont AG, until his retirement
in September 2002. Senn was also the senior partner of the
Swiss-based international law and consultancy firm of Senn,
Christians and Letemeyer, which, coincidentally, acted for the late
Baron Arndt Krupp.
In particular, Carl Letemeyer and
Nicholaus Senn worked hard on
behalf of the Krupp Estate in regard to the Krupp Heritage & World
Peace Foundation (Singapore), which received a legacy of US$97
Baron Krupp. This was a cash gift. According to
documents I have in my possession, Krupp’s "secret" properties and
businesses did not form part of this legacy. However, the most
interesting fact is that, prior to his death, Baron Arndt Krupp
controlled some of the Santa Romana "Black Eagle" fund assets. Of
the $97 billion gifted, $47 billion was on deposit in account number
4 77 22 P with the Trust Department of the Standard & Chartered
This is one of those banks which are barely visible but
consistently circle the waters of black gold and Project
Hammer - like a prowling shark with just the tip of its dorsel fin
showing. For example, in one bullion transaction being negotiated by Dr A. Konig, the Swiss representative of Rolf van Rooyen’s
Syndicate, the nominated closing bank for the transaction was Indosuez, Lugano
- where Eastcorp Holdings maintained an account.
This is in addition to the migration of some
MidAval staff to
Indosuez following their involvement in the Project Hammer
trading programme, as outlined earlier. With the closure of
Indosuez Aval, a
rump of former MidAval employees (now unfortunately ex-Indosuez Aval
as well), including MidAval’s former CEO, found a new berth for
their abilities. This was at Standard & Chartered Bank in London.
Standard Bank Nominees, meanwhile, is the second largest shareholder
of Oppenheimer’s Anglo American, with a stake of 11.74 per cent.
While knowledge of the hidden connections of the
into Project Hammer is vital for an understanding of how the
of parallel finance operates, there are still deeper "rhythms" at
work. An examination of these "rhythms" leads to the companies,
people and intelligence assets that sit at the heart of the
so-called Anglo-American relationship.
THE KESWICK-JARDINE CONNECTION
A few days after I published part one of Project Hammer in late
October 2001, I was alerted to an anonymous posting at the
Cryptome.org website of a document
produced by the South African National Intelligence Agency in 1998.
The document describes plans, then alleged to be in preparation, for
a coup to occur during the 1999 South African general election.
Whilst the coup did not happen, the document is of significance
because it describes members of - and entities aligned with - the
group who wished to disrupt the ruling African National Congress
(ANC) political party.
A large part of this document outlines the alleged involvement of
Executive Outcomes (EO), the British-based private security company
that is part of the Palace Group of companies. A few days prior to
this document being made available, I had published charts showing
the "network" of the Palace Group that formed the London end of the
associated South African intelligence group known as the
This group was headed by Rolf van Rooyen and
Stander - both South African intelligence operatives who were deeply
involved in Project Hammer. Not only were the London and South
African networks closely aligned, but in some cases they also shared
the same executives.
One of the entities appearing on the Cryptome.org document as a
member of the London network/Palace Group is Jardine Fleming of Hong
Kong, listed under "Banking and Investments". Two lines beneath
appears the name Defense Systems Ltd - a division of the arms
Jardine Fleming is also listed in the same
document as a "role player", a few lines beneath the name of
Buckingham - the high-profile head of Executive Outcomes. In an
accompanying financial report it is revealed that EO used account
number 600774426 at Jardine Fleming Bank Limited, located at Port
Moresby, Hong Kong. The account, rendered as at 15 May 1998, held a
balance of US$36 million, and included Tony Buckingham among those
authorized to sign cheques on the account.
Jardine Fleming Bank Limited was established in 1970 as a joint
venture between the huge transnational company, Jardine Matheson
Limited, and British merchant bank, Robert Fleming. Jardine’s 50%
stake in this Hong Kong bank was exchanged in 1999 for a direct 18%
stake in Robert Fleming, which in April 2000 was sold to the Chase
Manhattan Corporation - the holding company of what is now the huge
US bank of J. P. Morgan Chase.
But a year later, in May 2001, the
magicians’ musical chairs were in use again when it was announced
that Jardine Fleming Bank was to be sold by J. P. Morgan Chase to
Standard Bank. The transfer of ownership occurred on 3 July 2001,
with the renaming of Jardine Fleming Bank to Standard Bank Asia
Limited, but trading was under the new name of Standard Jardine
Fleming Bank Limited.
Of considerable significance is the fact that, at the time that
Jardine, Emett & Chandler - the firm of Boston insurance brokers
mentioned earlier - issued its letter on behalf of MidAval, seeking
collateral instruments, it was owned by Jardine Matheson Limited.
Meanwhile, Jardine Resources Limited, with an address in the Isle of
Man, was a business entity used by Rolf van Rooyen for collateral
trading programme and other activities. The Isle of Man also boasted
a branch of Jardine Fleming Bank Limited.
Jardine Matheson Limited, originally formed over 170 years ago,
created a fortune from the China opium business. Since that time it
has diversified enormously and remains the family fiefdom of the
Keswick family, descendants of the firm’s co-founder,
The Keswick clan, in addition to having had family members
awarded the chairmanship or directorship of such notable
international companies as Hongkong & Shanghai Bank, Rio Tinto Zinc
and Samuel Montagu (the London merchant bank that was part of the
Midland Bank Group, itself now owned by HSBC), is also able to boast
having had family members as the head of Britain’s Secret
Intelligence Service (SIS) and decades-long membership of the Court
of the Bank of England.
Rio Tinto Zinc (RTZ) was founded in 1873 by
Hugh Matheson, the
co-founder of Jardine Matheson. In 1995, RTZ acquired a minority
ownership in Freeport McMoRan. Anglo American (which has long had
very close ties with RTZ), together with De Beers, is the fiefdom of
the Oppenheimer family, which owns a significant piece of Lonrho.
These three intertwined conglomerates dominate the precious metals
and mining world - amongst achieving other notable accomplishments.
For example, the Oppenheimers’ Minorco holding company is believed
to be the single largest investor in the United States.
Minorco, founded in 1981, was quick to obtain an interest in
America’s then biggest bank, Citibank, whose CEO, Walter Wriston,
together with Citibank’s principal attorney, Robert Clare, a partner
of the powerful law firm of Shearson & Sterling, both accepted
invitations to sit on the Minorco board.
According to the authors of the book
Dope, Inc., the Keswick family
controls a substantial part of the world’s narcotics trade and uses
HSBC, the bank it is said to control, to "provide centralized
rediscounting facilities for the financing of the drugs trade".41
How true this is remains unknown to this writer, but it is known
that Li Ka-shing - the Chinese billionaire who owns a 3% stake in Jardine Matheson Limited and has sat on the board of HSBC
- has been
accused of being a member of Chinese intelligence as well as being
associated with the narcotics trade.
Indeed, the latter allegation
arose repeatedly during my investigation of Project Hammer, while
the use of HSBC as an "authorized six-point laundry" was also
mentioned. Meanwhile, the description of "centralized rediscounting
facilities" referenced by the authors of
Dope, Inc. is suggestive,
to this writer at least, of collateral trading techniques.
Such connections are almost endless, it seems. Take, for example,
the rise to fortune of Peter Munk, Chairman of Barrick Gold which
was formed in Toronto, Canada, in 1983, with the majority stake
being held by the Saudi royal family middleman and arms dealer,
Adnan Khashoggi. Khashoggi had long been associated with Ferdinand
and Imelda Marcos and the so-called Marcos gold.
Indeed, so trusted
was he that Marcos had him fronting for two "eclipsed" Marcos
accounts - one in the name of Etablissement Mabari with the private
Swiss bank of Lombard Odier & Cie, and the other in the name of
Etablissement Gladiator at COGES Corraterie Gestion SA, Geneva.
interest, too, is the fact that Sir Henry Keswick is reported to
have been responsible for "lifting" Munk to a new career, although
he also received patronage from Australia’s now-deceased
multi-billionaire businessman Sir Peter Abeles.
Sir Peter received considerable attention in Jonathan Kwitny’s
The Crimes of Patriots, because of his alleged Mafia
connections and close association with Bernie Houghton and Michael
Hand in the CIA drug smuggling laundry, the Nugan Hand Bank - which
also arranged to ship gold bullion surreptitiously for Marcos.
At this point, it is worth reminding readers that Brigadier-General Erle Cocke
- whom I referenced earlier concerning his affidavit
detailing his knowledge and involvement in Project Hammer - was
reported by Kwitny to be a key player in the Nugan Hand Bank.
And Project Hammer is said to be a general continuation of Nugan Hand
The ties that bind are kept hidden from public view.
as the one we have been discussing are made to operate on an "arms
length" basis to confuse and also to ensure deniability.
these subterranean and diverse threads can easily perplex the
investigator, and patience and persistence are required to arrive at
the reality that is hidden behind all the smoke and mirrors. The
story of Puffin Investments is a case in point.
During a number of extensive telephone interviews with the Canadian,
Barrie Wamboldt, it was hinted that it would be worthwhile to look
into the activities of an Alan Shepherd and a firm of his called Puffin Investments. Readers will remember that Barrie Wamboldt was
involved with Project Hammer and had worked with General Cocke and
Paul Green to recover Project Hammer funds.
Puffin Investment Company Limited, a Bahamas company, was owned by
Old Harrovian Alan Shepherd, who had connections to the
royal family resulting from generous donations he made to the
Windsor Horse Show, of which he was vice president.
In March 2001,
Shepherd and Puffin Investments were involved in a High Court action
initiated by the Financial Services Authority - the government
watchdog - for enticing investors to put up money for a "sham"
investment trading programme. According to the Sunday Express
newspaper, reporting on the court case, up-front fees paid by
investors on the promise of massive returns were not repaid.
A week later, on 1 April 2001, the Sunday Express carried a further
report detailing a lawsuit against Alan Shepherd, his American wife
Sherry and previous Conservative Party "grandee" Sir Edward du Cann,
who was the former Chairman of City merchant bank Keyser Ullman.
Edward was earlier involved in Tradeswind, an arms trading company
in which he was a director with Tiny Rowland of Lonrho fame and the
Egyptian, Ashraf Marwan - known as "Dr Death". Earlier in his career,
du Cann served as Chairman of Lonrho, thus working alongside board
directors such as British MI6 luminary Nicholas Elliot.
Shepherd, his wife Sherry and du Cann were being sued for £1.25
million in a dispute involving the search for "one of the world’s
most fabulous buried treasures". The treasure in question was "30
tons of gold statues, bullion, doubloons and precious stones",
stolen by Scottish pirate Captain William Thompson. The treasure was
currently valued at £500 million.
The lawsuit was brought by Richard Bethell of the Bermuda-based
Hart Group, who alleged that Shepherd
and du Cann were guilty of "misrepresentations" over an agreement
for the provision of various "services" to Shepherd’s planned
One cannot help but be reminded of stories that have circulated in
the past concerning gold plundered by the Japanese during WWII and
hidden in the Philippines - later to be recovered and "laundered" as
treasure retrieved from Spanish galleons that had sunk while
traveling from Peru to Spain. A variation of this story is the
recovery of lost "pirate treasure" - otherwise known as gold
- on the
Richard Bethell - elevated to Lord Westbury following the recent
death of his father - is a former SAS and Scots Guards officer and,
like Alan Shepherd, an Old Harrovian. The Hart Group, of which he is
the Chief Executive Officer, is one of a number of companies that
form the Global Marine Security Systems Company (GMSSCO).
cynic - as this writer has become - would easily conclude that a
marked similarity in structure exists between GMSSCO and
Rolf van Rooyen’s South African Eastcorp Syndicate that was closely allied
with the London network of Executive Outcomes.
companies belonging to the Eastcorp Syndicate also had a maritime
and security theme.
APARTHEID’S MISSING BILLIONS
But the similarity doesn’t end there.
Lord Westbury is currently
serving as Chief Executive Officer of Defense Systems Limited (DSL),
which, as we have already seen, is an integral member of the London
network of the Palace Group (named so because of its close proximity
to the royal family’s official London residence, Buckingham
Executive Outcomes has been described as "the
advance guard for major business interests engaged in a latter-day
scramble for the mineral wealth of Africa".
This is a particularly incisive description, and readers of the
first part of this series will recall that one aspect of Project
Hammer apparently involved the disappearance of substantial
quantities of gold reserves, as well as stocks of De Beers diamonds,
just prior to the takeover of the Republic of South Africa in 1994
by Nelson Mandela and the ANC. This theft has become known as
"apartheid’s missing billions".
Defense Systems Limited has a client list that comes straight from
the top drawer and includes oil and gas companies like British
Petroleum, Shell and British Gas of the UK and Amoco, Chevron,
Exxon, Mobil and Texaco of the United States. Major mining and
mineral extraction companies such as Canada’s Cambior and De Beers
and Anglo American of South Africa also feature, as does the giant
US construction firm, Bechtel.
Another client is Canadian-based Ranger Oil, which by happy
coincidence is the same name as an entity that forms part of the
Palace Group and which is run by arms trader Mick Ranger.
miraculous good fortune, Mick Ranger was also a board member of
Bridge SA - one of the entities formed and run by Rolf van Rooyen and
Riaan Stander. Meanwhile, Sandline, which many knowledgeable
insiders believe is Executive Outcomes by another name, has a client
base that includes Rio Tinto Zinc.
DSL is now owned by Armor Holdings, Inc. of Jacksonville, Florida,
but is still headquartered in London. This affiliation seems, on the
face of it, to be a particularly binding one, for Armor Holdings is
said to have its very own US spook-type "network".
executives of Armor Holdings are predominantly bankers of one strain
or another. Take, for example, Thomas W. Strauss, formerly a Vice
Chairman of Salomon Brothers, the Wall Street investment bank that
was once minority owned by the Oppenheimers’ Anglo American and De Beers strategic holding company, Minorco.
owned the controlling interest in the Bank of New York, which, as
you will recall, is the current affiliated clearing bank of Gregory Serras’s Vanguard Capital. Today, Salomons is owned by
We might also mention Armor Holdings director Burtt R. Ehrlich,
whose family securities firm, Ehrlich and Boger, is owned by
Allen Bank of the Channel Islands, which specializes in "offshore
finance"; likewise, Nicholas Sokolow, formerly a partner in the Wall
Street firm of Coudert Brothers, and Warren B. Canders, a former
Senior Vice President of Orion Bank Ltd, a merchant bank owned by
the Royal Bank of Canada.
A subsidiary of Armor Holdings is the very shadowy United States
Defense Systems, Inc. (USDS), which on paper is based in Chantilly,
Virginia, although its real operating headquarters are in Manassas,
Staff recruited by USDS are usually former military types
or specialists with criminal intelligence backgrounds and possessing
surveillance skills. They are usually told they will be working in
support of Department of Defense programmes and will require a DoD
Operations in the past have included
surveillance of US citizens during Fourth of July events at Capitol
Mall in DC.
BIN LADEN AND SAUDI ARABIAN LINKS
A Google Internet search using the search term "Armor Holdings,
Inc." revealed a curious message dated September 2001 from an
"I’m horrified to find one of my investments is in a company with
links to bin Laden. Apparently it is common knowledge in London that
a senior figure in Armor, Ambrose Cary, has familial ties to
Laden and uses those in his work.
How can it be allowed that a US
company providing security to US companies, embassies and airports
round the world can deal simultaneously with this type of person?
Does anyone else have further information on this?"
Unsurprisingly, no answer to the question has been posted.
Had this been the first bin Laden connection, it is likely I would
have ignored it. However, the name had already arisen during a
deposition given by Rolf van Rooyen to German police in 1995,
following his detention and questioning. At that time, he admitted
to being "involved" with a Jean Ruiz, of Saudi Finance.
Saudi Finance (Saudifin), headquartered in Geneva, owned a
controlling interest in Banque Al Saoudi via the Paris-based holding
company, Saudi Arab Finance Corporation. Banque Al Saoudi was,
according to a 1999 PBS Online Frontline story, one of the principal
international financing vehicles for the bin Laden family.
Interestingly, in 1989 - in the early stages of Project Hammer’s
timeline - Banque Al Saoudi would have collapsed in bankruptcy had it
not been for the timely intervention of the French central bank, the Banque de France, which shored it up prior to a partial takeover by
none other than Banque Indosuez, which decided to change its name to Banque Française pour l’Orient.
A year later, the bank merged with
the Mediterranée Group. Of note is the fact that a subsidiary,
Saudifin SA, was active in Panama until 1997, when it was
Moreover, the Frontline story revealed that both Banque Al Saoudi
and Banque Indosuez were "instrumental" in financing a portion of
Middle East weapons contracts during the 1970s and 1980s.
Meanwhile, those who are familiar with the story of black gold will
recall that Dr Ole Bay was the controller on behalf of the
US Treasury in the YAB/42 bullion transaction that involved then
President Marcos of the Philippines. This transaction was structured
to use cut-outs including Navegocian Global SA and DuPont, along
with other CIA conduits, to make it ostensibly a private,
The transaction code YAB/42 is also instructive. Not only does "YAB"
spelled backwards yield the name "BAY" but, altogether, 42 "major
trusts were tapped to help fund" the deal. Coincidentally, 42 is
also the number of countries in which Santa Romana gold was
deposited in the immediate post-WWII years to form the Black Eagle
fund, discussed earlier.
One of the more salient facts about the Puffin Investments fiasco is
that Alan Shepherd’s American wife, Sherry, is the daughter of
Dr Ole Bay. Dr Bay is known to have been the "Master Wizard"
arranged and ran the Project Hammer trading programme.
one former intelligence source familiar with the inner workings of Project Hammer, Dr Bay had told him that the ultimate responsibility
for Hammer lay with the CIA
and the US Treasury, and that Robert
Rubin - who later became US Treasury Secretary - acted as Dr Bay’s
"gofer" on the project. Robert Rubin is now a director and Chairman
of the Executive Committee of Citigroup.
If one had to choose a word to describe these apparently diverse
connections, that word would surely have to be "incestuous".
Currently, Li Ka-shing (whom we mentioned earlier) is bidding to
purchase control of the global communication network giant, Global
Crossing (which was also mentioned earlier), via a joint venture of
Ka-shing’s Hutchison Whampoa and Singapore Technologies Telemedia.
Representing Ka-Shing’s bid to take control of Global Crossing was
the powerful neo-conservative attorney, Richard Perle, who sought a
nod of approval from the Pentagon for the deal.
Perle, who is one of
the present Bush Administration "think-masters", is close to
Senior, Cheney, Rumsfeld and Wolfowitz and to others on the
Policy Board, which he chaired. A recent story by legendary
investigative reporter Sy Hersh revealed that Perle had furtively
met with a leading Saudi investor in Marseille, France, on 3 January
2003, in what was seen as an attempt to gain private financial
advantage from the planned war on Iraq.
A furious Perle responded to
the report by calling Hersh a "terrorist". The meeting was arranged
on Perle’s behalf by none other than Adnan Khashoggi (whom we
mentioned earlier). Khashoggi also attended the meeting.
Khashoggi, a trusted adviser to the Saudi royal family, is one of
the "high net worth individuals" whose past investments have been
handled by Mayo Shattuck, formerly head of Alex. Brown (also
mentioned earlier). It is of passing interest that Saudi Prince Alwaleed bin Talal bin Abdulaziz took a 10% stake in
mentioned earlier) back in 1991, following a cash "infusion" of
US$400 million, which was eclipsed from view by The
which acted as the facilitator for the investment.
In 1997, Mayo Shattuck was made Trustee of the Bronfman (also
mentioned earlier) family fortune. He resigned as CEO of Deutsche
Banc Alex. Brown on 12 September 2001, the day following the tragic
events in New York City and Washington, DC - the day that has come to
be known as "9-11".
On 13 September 2001, news reports began circulating of suspicious
stock market transactions that suggested prior knowledge of the
events that were to take place on
Short sales of airline and
insurance stocks that sharply fell in price in the wake of the 9-11
tragedy were later traced back to Alex. Brown.
Documents and other exhibits in
support of this story are available
http//www.marcosbillions.com for some additional background
on Roberto Benedicto and his willingness to front for Marcos.
Additionally, I have a two-page Marcos document listing details of
the numerous bank accounts he controlled either directly or through
28. See Luigi DiFonzo’s St Peter’s Banker (Franklin Watts, New York,
29. See William Scott Malone’s Golden Fleece (Regardies, October
30. See "The Project Hammer File" part one for background on van Rooyen and Stander’s involvement in Project Hammer.
31. See news reports circa 2000 of BoNY involvement in illegal money
laundering activities with IMF funds on behalf of Russian criminal
and political figures.
32. See Everybody’s Business: An Almanac - The Irreverent Guide to
Corporate America, edited by Milton Moskowitz, Michael Katz and
Robert Levering (Harper & Row, San Francisco, 1980).
33. Although this may, of course, just be pure coincidence, it is
34. For a comprehensive account of the MGM/Credit Lyonnais affair,
see David McClintick and Anne Faircloth’s informative "Predator",
which is freely available on the Internet.
35. See Peter Johnston’s story in, "The Secret Gold Treaty File"
http://www.marcosbillions.com for further details, and also
"The Valentine’s Day Caper", published at
37. This is according to the Anglo American website as at November
39. See "The Project Hammer File" part one for further details.
Dope, Inc. (EIR, 1992), page 101.
For a detailed background on the Keswick family and related
associations, see Dope, Inc., page 115, for the cited reference.
42. See Alejandro Reyes’s article, "The Superman of Hong Kong", in AsiaWeek magazine, published in 2001.
43. See Anton Chaitkin’s "Inside Story: the Bush Gang and Barrick
Gold Corporation", at
44. See Sunday Express, March 25, 2001, for details of this story.
45. For du Cann’s connection to Lonrho, see Linda Minor’s "Follow
the Yellow Brick Road, Part 4 - From Harvard to Enron", at
46. Their offices are, in fact, right next door to Buckingham
47. See Christopher Wrigley’s "The Privatisation of Violence - New
Mercenaries and the State", March 1999, at
48. For further details, see "Rent-a-Spy, Inc.", at
49. Minorco held a 14% stake in Salomon Brothers. Anglo American
held a 39% stake in Minorco, while De Beers held another 21%.
50. For background on Minorco, see "Anglo American Corporation: A
Pillar of Apartheid", published by Multinational Monitor, September
51. See "Rent-a-Spy, Inc." for referenced details.
53. See the van Rooyen deposition to German police that forms part
of the exhibits of
The Project Hammer File (part 1).
54. Board directors of Banque Al Saoudi included Sheik Salem bin
55. For a more detailed background on YAB/42, see "The Secret Gold Treaty File" appendix headed "Aquino WWII Gold".
56. My thanks go to Lois Battuello for providing research material
on this aspect of the story and for her generous assistance over the