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Jackson Stephens, BCCI, and drug-money laundering

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JACKSON STEPHENS, BCCI and drug-money laundering

EDITOR’S NOTE* It was in late 1998 that I became thoroughly familiar with the story of investigative reporter Danny Casolaro. His amazing – and tragic – story was featured in Kenn Thomas and Jim Keith’s excellent book The Octopus: The Secret Government and the Death of Danny Casolaro, published in 1996 by Feral House. Casolaro was interested in “the Octopus” which is, he believed, “a network of individuals and institutions that Casolaro believed had secretly masterminded a whole series of scandals including the Iran-Contra scandal, the Savings & Loan debacle, the Inslaw case and stolen PROMIS software, and the collapse of BCCI and the 1980 “October Surprise” deal.

While the medical examiner ruled Casolaro’s bloody death – deeply slashed wrists – as a suicide, many people believe Casolaro was murdered for the information he was piecing together, not unlike the deaths of other American investigative journalists including J.H. Hatfield (2001) and Gary Webb (2004), conservative online media figure Andrew Breitbart (2012) and conspiracy artist Mark Lombardi (2000). And that’s just the short list. Oh, and we can’t forget Octopus co-author Jim Keith, who perished during surgery following a fall at 1999’s Burning Man festival. All these men were uncovering explosive information in pursuit of big stories.

Casolaro would be found dead in a bathtub in Martinsburg, W.Va. in August 1991. He was there meeting with an important source.

Prior to my learning the full story of Casolaro and the Octopus, I worked as an intern reporter at the Arkansas Democrat-Gazette’s Fayetteville bureau in 1996, In those days I worked alongside seasoned, award-winning crime reporter Michael Whiteley who was drawn to digging into stories exposing white supremacists and corruption in a rural Arkansas county. I did work for him, helping him with research into those stories. At the same time, I assisted another investigative reporter, Mark Swaney, over at Fayetteville’s Ozark Gazette. While Swaney was interested in countercultural subjects like the Rainbow Gathering, he and the Ozark Gazette staff also went into dangerous waters, launching a hard-hitting piece in 1995 titled “Gray Money” about Clinton, the Mena crimes and more.

Early in my journalism career I was being exposed to journalists who liked to dig for the hard-hitting, controversial stories. It was shortly after that time that I learned of Casolaro and The Octopus.  As I soon found out a lot of connections on a national and international scale, stretching from the 1970’s to the 1990’s – during Bill Clinton’s rise to power – were centered right here in Arkansas. I was very interested in Mena and as a 15-year-old had taped all the Iran-Contra hearings on my family’s new VCR. Little did I know they were all connected.

I bring this up today because I just came across a New York Times article highlighting Little Rock, Ark.-based Acxiom Corporation, the company that “knows who you are, knows where you go, knows what you do.” Acxiom ... a big red flag. They do know pretty much everything. It's scary what they know. They're big stuff - quiet, but big - in Arkansas. Had a friend or two from my old days who worked there. 

But how did Acxiom rise to the top from its status in a rural southern state like Arkansas, the state where I spent much of my childhood? I think the story below, linked from a 2009 piece at RumorMillNews.com, and originating from sources unknown, will piece a lot of things together. This is likely from pre-2005, since Jackson Stephens died that year and the following story refers to him in the present tense. We should note that Stephens hired attorney Hillary Rodham to represent Systematics and later, after she joined the Rose Law Firm, he hired on her, Vince Foster and Webster Hubbell, for several "ventures."

For this reporter, who is familiar with a lot of these names and companies from being around them in 1980’s-era Little Rock, it comes quite a shock to learn what was really going on all around me.

Oh, check more out here in this piece "Iran-Contra related to BCCI scandal." If you note, FBI Director Robert Mueller played a role, in his time before being FBI director, thwarted congressional efforts to look into BCCI. 

Read it and let me know what you think.

--Andrew W. Griffin, Red Dirt Report, June 21, 2012

--BEGIN--

Jackson Stephens Sr. is a big-money man from Arkansas. A top donor to the Reagan and George H.W. Bush campaigns, he suddenly switched to Clinton in 1990. He brought BCCI to US shores in 1979 and helped to launder cocaine profits from CIA drug smuggling in Mena, Arkansas and elsewhere.

Mochtar Riady is the Indonesian billionaire who was a joint investor with Little Rock billionaire Jackson Stephens in Worthen Bank when an investor group that included Jackson Stephens took over First American Bank in Washington, D.C.

Stephens, with the help of Bert Lance and others, brought in BCCI (Bank of Credit and Commerce International) to wrest control of the bank from that group, and to put it into the hands of friendlier partners.

The Stephens' software firm Systematics was to become the nation's biggest supplier of back-office banking software, and would eventually work closely with the National Security Agency to facilitate intelligence monitoring of banking transactions.

Jackson Stephens, meanwhile, proposed, developed, and financed a plant for hazardous waste facilities, called Waste Technology Inc., beginning in 1979. This project became a bottomless pit for the consumption of funds, and at one point, the financially- strapped Stephens made a Faustian pact with Indonesian Mochtar Riady to set up a money-laundering operation in Arkansas. Stephens and Riady had previously formed Stephens Finance Ltd. in Hong Kong in 1976.

Stephens bought 9.3 percent of Little Rock's Worthen bank from the John H. Hendrix Corp. of Midland, Texas, while Lippo purchased 9.4 percent. Lippo paid about $16 million for its share, and installed James Riady as a bank director in 1984. Stephens-Lippo continued to increase their share of Worthen stock, up to 36.7 percent.

Over in Indonesia, the Riady family has stirred up consternation among the minority shareholders in the Lippo Group by a planned restructuring that would enable the family to extract cash to invest elsewhere. The deputy chairman of Lippo Group is James Riady, a former director of Worthen Bank.

This propitious union came about just as the Mena, Arkansas, drug-and-arms trade was creating a vast local demand for money-laundering services. At the Asian end, with Mochtar Riady, Stephens purchased Seng Heng Bank in Macao, the "Oriental Las Vegas", where gambling is the primary source of government revenue. Stephens' Systematics supplied software to the Banco Nacional Ultramarino, the cashier and treasury bank of the Macao government and the bank that issues the local currency. (Macao is located less than 40 miles from Hong Kong, the center for heroin trade.)

Stephens Inc. one of the largest clearing firm for banks in the U.S. and the nation's largest investment bank off Wall Street. It clears the brokerage trades for around 200 banks--banks like Wells Fargo and First Interstate Bancorp, which recently merged in California.

In 1994, Stephens Inc. was listed as one of the biggest institutional shareholders in 30 large multinationals including the Arkansas based firms Tyson Food (# 10), Wal-Mart (# 113) and Alltel (# 12).

After the news media began looking into the financial affairs of Jackson Stephens, Stephens hired an international assassin, Pablo Vitale Rodriquez, to kill the Angel of Death. When Pablo failed to do the job, Stephens then teamed up with Don Tyson and Richard Mellon Scaife to purchase a $100,000 contract on the Angel of Death from the New Orleans mafia. The New Orleans mafia gave the contract to two ex-CIA wet boys. Unfortunately, these two men showed up one morning, wrapped in barbed wire and very dead, on Jackson Stephens' lawn. Stephens had the bodies removed, but one of them was subsequently recovered, having been stuffed down a capped oil well in Louisiana. 
"http://www.aci.net/kalliste/lippo.htm"

Agha Hasan Abedi founded BCCI, the largest criminal bank in human history, in 1972. Its board and shareholders were rife with spooks from the US, Saudi Arabia, Pakistan, etc. A key part of the October Surprise, BCCI laundered billions in covert and drug money for the CIA' Central American and Afghanistan ops.

Through BCCI, Abedi was involved with figures such as George H.W. Bush, Jackson Stephens, Manuel Noriega, and others.

In December, 1977, Stephens introduced Lance to Agha Hasan Abedi (the founder of the Bank of Credit and Commerce International -BCCI). According to the U.S. Securities and Exchange Commission, they discussed the possibility that Abedi purchase the stock of Financial General Bankshares (later called First American Bankshares) held by Lance, Stephens and others and concocted a plan to take over Lance's stock of the National Bank of Georgia U.S. SEC v Lance et. al.). The SEC found out about the plan and sought a restraining order to prevent a foreign bank from taking over a U.S. bank. Years later it would be revealed that Abedi and accomplise Gaith Pharoan went right ahead anyway succeeding with the takeover in 1982 (Corporate Crime Reporter, July 22, 1991). Abedi used frontman Gaith Pharoan to act as his intermediary, taking over Lance's stake in the National Bank of Georgia for BCCI. In 1990, BCCI was convicted of money laundering for the Columbian Cocaine Cartels in Miami. In 1991, BCCI collapsed and millions of investors in 73 countries lost their life savings. (A Full Service Bank, Adams & Frantz, 1992). According to the Wall Street Journal, "BCCI represents the biggest bank robbery in history... (January 18, 1994)." And that BCCI was a "$10 billion or so" heist. (Wall Street Journal, October 28, 1994.)

---Crucial parts of the Arkansas laundry were created when Stephens married his political connections in Panama and Washington to his Little Rock financial institutions and his Little Rock software firm Systematics.

7. It began when Stephens helped bring BCCI (the Bank of Credit and Commerce International) to America.

Part of this "intellectual property" would involve a banking- transaction software system based on the stolen PROMIS software. A telecommunications back-door to the PROMIS software was introduced by Michael Riconosciuto, now in prison, but then Director of Research for a Wackenhut Corp.-Cabazon Indian Reservation joint venture. In an affidavit, Riconosciuto says the copy of the PROMIS software he received was given to Wackenhut by Justice Dept. official Peter Videnieks. Earl Brian, acting through Wackenhut, then gave it to Riconosciuto.

BCCI was the center of a global laundry and a conduit for transactions involving arms, drugs, and nuclear technology.

Firstly, BCCI had the motive. BCCI founder Abedi was committed to the development of an Islamic atomic bomb, even donating 500 million rupees for the creation of Pakistan's Gulam Ishaq Research Institute for nuclear development. (BCCI paid the lawyer for Dr. Abdul Qader Khan, head of Pakistan's nuclear program, who a Dutch court convicted in 1983 of stealing 
the blueprints for a uranium enrichment factory. Three Pakistanis indicted in Houston in 1984 had tried to buy nuclear triggers using BCCI gold. A Pakistani-born Canadian, indicted in Philadelphia in 1987 for conspiracy to export restricted specialty steel and metal to enhance nuclear explosions, paid for the materials through BCCI Toronto. Etc.)

BCCI had the right intelligence connections. Kamal Adham, who became the lead frontman in BCCI's takeover of First American, had also been the CIA's principal liaison for the entire Middle East from the mid- 1960's through 1979. The CIA utilized BCCI for its own payments. For example, Manuel Noriega, who was recruited by the U.S. Defense Intelligence Agency in 1959, who went on the CIA payroll in 1967, and who became head of Panamanian military intelligence in 1968, was paid through the Panamanian branch of BCCI. The CIA also used BCCI branches in Pakistan to launder payments to the Afghan rebels, and Pakistani officials used the same bank to launder heroin profits.

Stephens' principal motive in bringing BCCI to America was apparently to connect up his own financial institutions to the global laundry--not only First American, but those in Little Rock also. To avoid the type of SEC scrutiny involved in the Financial General takeover, Webster Hubbell, who had represented Stephens' software company Systematics, was employed to draw up the charter for the Arkansas Development Finance Authority (ADFA).

In 1987, Jackson Stephens (an Arkansas billionaire and shareholder of First American bank) made arrangements with Union Bank of Switzerland (UBS) to provide $25 million to Harken Energy in return for a stock interest in that company. As part of the deal, Sheikh Abdullah Bakhsh, a Saudi real estate billionaire, joined Harken Energy's board as a major investor. Union Bank of Switzerland, which ordinarily didn't invest in small U.S. firms, would make an exception, giving Harken $25 million in exchange for a stock interest. At the time, UBS was a joint-venture partner with the Bank of Credit and Commerce International -(BCCI) a Geneva-based bank. 
Stephens was owner of a Little Rock brokerage firm which underwrote Harken Energy's $25 million stock offering. Stephens Incorporated placed the Harken Energy stock offering with the Nugan Hand Bank and the London subsidiary of Union Bank of Switzerland. During the next decade the Union Bank of Switzerland assisted BCCI in avoiding taxes by moving cash from its bank in Noriega's Panama to other locations throughout the world. "http://www.angelfire.com/ca3/jphuck/Book4Ch.3.html"

Another source says:

Harken Energy's $25 million stock offering was underwritten by Stephens, Inc., an Arkansas bank whose head, Jackson Stephens. Stephens placed the offering with the London subsidiary of Union Bank of Switzerland, which (according to the Wall Street Journal) was not known as an investor in small American companies.

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 was also involved in scandals surrounding Panamanian money laundering by BCCI, and Ferdinand Marcos' movement of 325 tons of gold out of the Philippines.

After the Harken Energy won its Bahrain deal (see next item), the billionaire Bass brothers of Texas offered to underwrite the drilling operation.

"http://www.realchange.org/bushjr.htm" \l "financing"

Stephens' principal motive in bringing BCCI to America was apparently toconnect up his own financial institutions to the global laundry--not only First American, but those in Little Rock also. To avoid the type of SEC scrutiny involved in the Financial General takeover, Webster Hubbell, who had represented Stephens' software company Systematics, was employed to draw up the charter for the Arkansas Development Finance Authority (ADFA). The structure for the laundry was then in place.

One form of Stephens' laundry worked through front companies set up by bond broker Dan Lasater. These companies would deposit cash in banks such as Stephens' Worthen Bank, which would not fill out reporting forms. In return for this service, the companies would be obligated to buy bonds issued by the ADFA, and underwritten by Stephens' investment bank Stephens Inc. Stephens would thus be compensated for the laundering service in the form of an investment banking fee.

The money from the bond issue, meanwhile, would go back to the same front companies. That is, in effect the companies bought their own bonds and paid Stephens a fee for the service.

The participation of the ADFA, a state government institution, eliminated SEC scrutiny. ADFA formally issued and "guaranteed" the bonds, and thus collected a fee in the process. Some of these fees were translated into "loans" to the political friends of the Governor of Arkansas, William Jefferson Clinton, now President of the United States.

At other times ADFA was itself the core of the laundry. At the end of December 1988, for example, the ADFA deposited $50 million in Fuji Bank inthe Cayman Islands. Fuji Bank subsequently purchased the industrial development loan of POM, Inc., a parking meter and arms production company owned by Seth Ward, Webster Hubbell's father-in-law. Hubbell was also POM's corporate attorney. 
(Source; Professor John Metzger of Michigan State University and 
"http://www.sumeria.net/politics/binladen.html"

"http://globalresearch.ca/articles/CHO109C.html"

http://ist-socrates.berkeley.edu/~pdscott/q4c.html

Foster‘s , Vince relationship to Jackson Stephens

http://www.aci.net/kalliste/part29.htm

. One of these omitted larger questions concerns the relationship of Vince Foster to Clinton's financial backer Jackson Stephens, and to the latter's role in money-laundering and drugs-for-arms deals. Jackson Stephens is the Little Rock billionaire who has held substantial interest in Worthen National Bank as well as in Stephens Inc., one of the largest privately owned investment banks outside Wall Street. Worthen gave the Clinton campaign a $3.5 million dollar line of credit.

6. Crucial parts of the Arkansas laundry were created when Stephens married his political connections in Panama and Washington to his Little Rock financial institutions and his Little Rock software firm Systematics.

7. It began when Stephens helped bring BCCI (the Bank of Credit and Commerce International) to America. The details of this story are important, because it represents the beginnings of a cozy relationship between Jackson Stephens, Hillary Rodham Clinton, Webster Hubbell, Bert Lance, Systematics, Vince Foster, and BCCI.

Stephens, a 1946 Naval Academy graduate, had joined with William Middendorf II (Secretary of the Navy under Nixon and Ford) in April 1977 to acquire Financial General, a Washington D.C.-based bank with headquarters a block from the White House.

"Some people might think it is important to know about the outstanding loans and balances of Government officials," a Washington banking executive noted at the time.

Stephens then sent salesmen from Systematics to talk to Middendorf about providing banking software for Financial General. When these salesmen were firmly rejected, Stephens decided to wrest control of the bank from Middendorf. To do so he solicited the help of Bert Lance, Jimmy Carter's Director of the Office of Management and Budget. Lance knew the executives at Financial General, because they had sold him controlling interest in the National Bank of Georgia in 1975.

Stephens himself had met Lance through President Carter, his old roommate from Naval Academy days.

In November 1977, Stephens introduced Lance to BCCI founder Agha Hasan Abedi, and Abedi in turn introduced Lance to investor Gaith Pharaon. Pharaon, acting on behalf of Abedi, proceeded to acquire the stock of Bert Lance's National Bank of Georgia, a deal consummated on January 5, 1978, a day after Lance's $3.4 million loan from the First National Bank of Chicago was repaid by BCCI London.

Lance then joined with Jackson Stephens to help BCCI take over Financial General. A Financial General lawsuit filed on February 17 named "Bert Lance, Bank of Credit & Commerce International, Agha Hasan Abedi, Eugene J. Metzger, Jackson Stephens, Stephens Inc., Systematics Inc. and John Does numbers 1 through 25."

8. In that law-suit, Systematics was represented by C.J. Giroir, Webster Hubbell, and Hillary Rodham Clinton of the Rose Law Firm. Vince Foster would later tell the American Lawyer that Hillary Clinton did all the intellectual property work for Systematics.

Part of this "intellectual property" would involve a banking- transaction software system based on the stolen PROMIS software. A telecommunications back-door to the PROMIS software was introduced by Michael Riconosciuto, now in prison, but then Director of Research for a Wackenhut Corp.-Cabazon Indian Reservation joint venture. In an affidavit, Riconosciuto says the copy of the PROMIS software he received was given to Wackenhut by Justice Dept. official Peter Videnieks. Earl Brian, acting through Wackenhut, then gave it to Riconosciuto.

Earl Brian, who later sold the same software to Iraq using the arms dealer Carlos Cardoen as an intermediary, will undoubtedly have some- thing to say about all this, as he has been indicted in California for fraudulent lease transactions undertaken while he was head of Financial News Network, United Press International, and Infotechnology.

9. In the same Financial General lawsuit, Bert Lance's attorney was Robert Altman, who later became President of the bank when it was finally taken over. Altman's mentor Clark Clifford (the former Defense Secretary under Lyndon Johnson) who also acted as BCCI's attorney became the bank's Chairman.

10. The Financial General takeover attempt did not succeed right away. In another lawsuit, one filed March 18, 1978, the Securities and Exchange Commission charged Bert Lance with violations of federal security laws, and BCCI's application to purchase Financial General Bankshares was denied.

Abedi then formed a new takeover vehicle called Credit and Commerce American Holdings (CCAH), based in the Netherlands Antilles. The largest investor in CCAH was Kamal Adham (the former head of Saudi Arabian intelligence), who put up $13 million of his own money On October 19, 1978, CCAH filed for approval with the Federal Reserve to purchase Financial General. This application was dismissed on February 16, 1979, due to opposition from Financial General's Maryland subsidiary, but a new application was submitted later.

The Federal Reserve finally approved the purchase in on April 19, 1982, and BCCI renamed the bank "First American" three months later. The head of Bank Supervision at the Federal Reserve when BCCI's purchase was approved was Jack Ryan, who later became head of the Resolution Trust Corporation, in which role he would deny Rep. Leach's requests for documents related to Madison Guaranty, the Whitewater thrift.

11. BCCI was the center of a global laundry and a conduit for transactions involving arms, drugs, and nuclear technology.

Firstly, BCCI had the motive. BCCI founder Abedi was committed to the development of an Islamic atomic bomb, even donating 500 million rupees for the creation of Pakistan's Gulam Ishaq Research Institute for nuclear development. (BCCI paid the lawyer for Dr. Abdul Qader Khan, head of Pakistan's nuclear program, who a Dutch court convicted in 1983 of stealing the blueprints for a uranium enrichment factory. Three Pakistanis indicted in Houston in 1984 had tried to buy nuclear triggers using BCCI gold. A Pakistani-born Canadian, indicted in Philadelphia in 1987 for conspiracy to export restricted specialty steel and metal to enhance nuclear explosions, paid for the materials through BCCI Toronto. Etc.)

Secondly, BCCI had the right political connections. BCCI-founder Abedi got Jimmy Carter to publicize BCCI to heads of state around the world. Abedi made his personal 727 jet available to Carter, and accompanied the former President to Thailand, Tibet, Hong Kong, and the Soviet Union, among other places. Carter introduced Abedi to many heads of state, from Deng Xiaoping in China to James Callahan in the U.K. Abedi donated a half million dollars to establish the Carter presidential library, and a public policy institute at Emory university.

Thirdly, BCCI had the right intelligence connections. Kamal Adham, who became the lead frontman in BCCI's takeover of First American, had also been the CIA's principal liaison for the entire Middle East from the mid- 1960's through 1979. The CIA utilized BCCI for its own payments. For example, Manuel Noriega, who was recruited by the U.S. Defense Intelligence Agency in 1959, who went on the CIA payroll in 1967, and who became head of Panamanian military intelligence in 1968, was paid through the Panamanian branch of BCCI. The CIA also used BCCI branches in Pakistan to launder payments to the Afghan rebels, and Pakistani officials used the same bank to launder heroin profits.

Fourthly, BCCI had the right U.S. financial connections. Jackson Stephens would later capitalize on the $100,000 donation he made to the 1988 campaign of George Bush (thereby becoming a member of Bush's "Team 100"), as well as his friendship with George Bush, Jr., to to get BCCI involved in funding a lucrative Harken Energy offshore project in Bahrain. The money apparently came through the Swiss BCCI subsidiary.

12. Stephens' principal motive in bringing BCCI to America was apparently to connect up his own financial institutions to the global laundry--not only First American, but those in Little Rock also. To avoid the type of SEC scrutiny involved in the Financial General takeover, Webster Hubbell, who had represented Stephens' software company Systematics, was employed to draw up the charter for the Arkansas Development Finance Authority (ADFA). The structure for the laundry was then in place.

One form of Stephens' laundry worked through front companies set up by bond broker Don Lasater. These companies would deposit cash in banks such as Stephens' Worthen Bank, which would not fill out reporting forms. In return for this service, the companies would be obligated to buy bonds issued by the ADFA, and underwritten by Stephens' investment bank Stephens Inc. Stephens would thus be compensated for the laundering service in the form of an investment banking fee.

The money from the bond issue, meanwhile, would go back to the same front companies. That is, in effect the companies bought their own bonds and paid Stephens a fee for the service.

The participation of the ADFA, a state government institution, eliminated SEC scrutiny. ADFA formally issued and "guaranteed" the bonds, and thus collected a fee in the process. Some of these fees were translated into "loans" to the political friends of the Governor of Arkansas, William Jefferson Clinton, now President of the United States.

At other times ADFA was itself the core of the laundry. At the end of December 1988, for example, the ADFA deposited $50 million in Fuji Bank in the Cayman Islands. Fuji Bank subsequently purchased the industrial development loan of POM, Inc., a parking meter and arms production company owned by Seth Ward, Webster Hubbell's father-in-law. Hubbell was also POM's corporate attorney.

13. Jackson Stephens had political connections in Panama, which was then becoming the banking center for the Colombian cocaine business. One of these connections was Gabriel Lewis, the Panamanian Ambassador to Washington who had negotiated the Panama Canal Treaty. Another was Manuel Noriega, the head of G-2 (Panamanian military intelligence) who made a deal with the Medellin cocaine cartel.

Stephens was the banker for Gabriel Lewis, who had gotten very rich after he created corrugated banana boxes. Gabriel Lewis' seaside home on Contadora Island, which Lewis then owned, was the site where Canal negotiator Ellsworth Bunker was told in August 1974 that Panama would re-establish diplomatic relations with Cuba. Later the exiled Shah of Iran stayed at Lewis' home from December 1979 to March 1980, while Manuel Noriega provided for the Shah's security. (In his book Crisis, Hamilton Jordan tells how he tried to use Gabriel Lewis to help establish contact with the Iranians in the Iran-hostage crisis.)

Contadora Island would later become a conduit for drug shipments. One of Noriega's pilots, Cesar Rodriquez, became manager of Contadora Island's airline, and would appear at his club atop the Bank of Boston building with suitcases full of $100 bills. Rodriquez told marijuana smuggler Steven Michael Kalish, who wanted to bring $100 million in cash to Panama (whose currency is the U.S. dollar), to use the services of the Panamanian branch of BCCI, which handled both Rodriquez's and Noriega's accounts.

In 1982 Noriega had helped negotiate a truce between the Castro- backed M-19 in Columbia and the beginnings of the Medellin cartel. In subsequent coke shipments through Panama, another Noriega pilot Floyd Carlton Caceres would receive $400 per kilo, while Noriega would receive $100,000 to $200,000 per flight. But Noriega kept raising the transshipment price charged to the cartel under Pablo Escobar.

The feud escalated until in May 1984, Noriega let Escobar's new cocaine processing plant at Darien be destroyed (which also won him points with the Americans). Noriega, hiding out in Paris, then sent his political strategist Jose Blandon to talk to Castro, who mediated a settlement between Medellin and Noriega.

Subsequently Noriega closed a Panamanian bank for money laundering, because it was owned by a member of the Cali cartel--a Medellin competitor. Noriega also helped out the Medellin cartel by arresting or informing on Cali drug dealers to the DEA (whom effectively served as Noriega's private enforcer). The DEA publicly praised Noriega for helping shut down the Roberto Suarez Bolivian operation--another Medellin competitor.

14. The drug-arms-money laundering connection between Panama and Arkansas was apparently first cemented in the "Iran"-Contra dealings. Both Panama and Arkansas were used by Oliver North as transshipment points for money and arms to the Contras.

(The word "Iran" is in quotes since it was Iraq, not Iran, that the U.S. was mostly dealing with. Even Ollie North said "the coverup is itself a coverup", because the focus of the later Walsh investigation into the minor dealings with Iran obscured the major dealings with Iraq. The outbreak of the Iran-Iraq war in 1980 caused great intelligence concern after the Reagan administration took office, because Iraq appeared in danger of losing the war. It became U.S. policy to assist Iraq. Those who sold arms and also nuclear technology to Iraq found the business very lucrative, and would continue the process after U.S. official policy changed.)

By 1983, two years after the death of Omar Torrijos, Manuel Noriega had outmaneuvered three higher ranking Colonels to became head of the National Guard, which he renamed the Panamanian Defense Forces at the suggestion of Israeli Michael Harari. Hararai, formerly high in the Mossad, had been demoted for assassinating the wrong "terrorist". He showed up in Panama and grew close to Torrijos by mediating between him and his Jewish father-in-law. Harari assisted Noreiga's G-2 in developing sophisticated electronic surveillance techniques. After Noriega's older brother and closest advisor Luis Carlos died in early 1984, Noriega began to call Harari his "mentor".

Harari's participation ensured that Israel got a piece of Ollie North's action. By December 1983 the Israelis had begun using a Panamanian CIA front company, IFMA Management Company, to funnel support to the Contras. Harari would later boast of his friendship with Donald Gregg, George Bush's national security advisor.

In October 1984 the Boland amendment was extended to say no U.S. intelligence organization could spend money to support the Contras. Bill Casey and Oliver North decided the White House was exempt, and North through Richard Secord set up a secret Contra account in Credit Suisse, Geneva, called Lake Resources. Similarly, Noriega's Geneva lawyer and business associate, Juan Bautista Castillero, set up a Contra aid front company called Udall Research Company. (Noriega and his political advisor Jose Blandon advised North that the Nicaraguan "Southern Front" are really "cafe guerillas", more interested in doing business and sleeping with prostitutes than in fighting, but North ignored their advice.)

15. According to what Money Laundering Bulletin calls "The Greatest Story Never Told", an "archive of more than 2000 documents. . allege that western Arkansas was a centre of international drug smuggling in the early 1980s--perhaps even the headquarters of the biggest drug trafficking operation of all time" (March 1995).

The degree of Bill Clinton's knowledge of, and participation in, this operation is not always clear. Certainly CIA secrecy is not in itself sufficient to defend a supposed lack of knowledge on Clinton's part. Clinton was recruited into the CIA by Cord Meyer while Clinton was a student in London. This itself gave him a somewhat symbiotic relationship with George Bush, both while Bush was CIA director and later while Bush was Vice President.

According to R. Emmett Tyrrell, Jr., (in the October 1995 American Spectator), Arkansas state trooper L.D. Brown, after taking a return flight with Barry Seal carrying cocaine and money from Central America to Mena, reported the details to Governor Clinton, who said, "That's Lasater's deal, that's Lasater's deal, and your buddy [or "hero"] Bush knows about it."

One CIA source who was watching Clinton closely in the early 80's is ambiguous as to how much Bill Clinton knew about the details of the Mena operation, but is somewhat more certain as to Hillary's knowledge (although Hillary was not a CIA agent, she had reliable information through the Rose Law Firm, and her own informants among the State Police), and confirms that Vince Foster was helping launder money at the time. He denies, however, that Foster was then involved in espionage. "That came later," he says.

16. Another thing that came later was the BCCI-financed arming of Iraq. What began as a simple U.S. strategy to maintain a balance of power between Iran and Iraq, turned into a vast money-making enterprise involving the sale of U.S. nuclear technology and nuclear secrets to both Iraq and Israel. In particular, the participation of Jackson Stephens and Hillary Clinton in the Pittsburgh-based nuclear network, along with the entrepreneurial (and deadly) activities of the Wackenhut Corporation, would eventually result in the untimely death of Vince Foster.

http://www.aci.net/kalliste/part29.htm

http://www.naturalhealthholistic.com/foster-1.html

Kissinger and Robert Mueller links to scandals

Although Dr. K has his own share of skeletons in his closet, (e.g. his involvement in the overthrow of an elected government in Chile and the resulting thousands of deaths that have branded both Kissinger and Pinochet as war criminals), some of his domestic clients have their own scandals with which he may not want to be associated. ( Kissinger & Associates and Kissinger-McLarty & Associates)

One that is, or has been, a Kissinger client is J.P. Morgan Chase, implicated in the Enron frauds as well as drug money money laundering along with other New York investment banks. Kissinger sits on the Morgan/Chase International Advisory Board.

Other examples could be cited, but in this writer’s opinion, the association Dr. K is most afraid might be made public is with the little known company Acxiom.

Acxiom has been selected the lead company to provide software and pull together the network to furnish the information to DARPA’s “Information Awareness Office” (IAO) where John Poindexter of Iran-Contra infamy will prepare individual dossiers on every American citizen and the millions of aliens (legal and illegal) in the country.

The plan calls for the collection of information from a staggering number of sources, such as banks, credit unions, health care organizations, the IRS and Social Security agencies, the INS, the FBI, grocery chains and any number of other companies and government agencies (federal, state and local) that have records of individual transactions.

What scares Kissinger the most is the control and history of Acxiom itself. The company may be more than just a client. Mack McLarty sits on its Board of Directors, which implies some kind of investment to protect.

Before it morphed into Acxiom, the company was named Alltel and another name, Systematics.

The powerful PROMIS software was developed by Bill Hamilton’s company Inslaw. It was virtually stolen by the U.S. Treasury Department. It was then combined with software from Systematics and farmed out to the CIA for final modification (installation of a backdoor feature).

When Treasury forced Inslaw into bankruptcy (by withholding payments due Inslaw) ownership of the software wound up with a CIA cutout named the Hadron Corp. Hadron peddled the software to governments and financial institutions around the world, thus giving the CIA backdoor access to the secret information of a number of governments and banks.

The person who controls Acxiom/Alltel/Systematics is Arkansas billionaire Jackson Stephens.

Stephens was a financial angel to both Bill Clinton and George W. Bush. He gave final impetus to Clinton’s cash-strapped presidential campaign with a large “loan” from his Worthen bank. Stephens (along with the Harvard University endowment) rescued one of Bush Jr's companies from bankruptcy with sizeable investments.

Another scandal suppressed by the “watchdogs of the press” was the cocaine smuggling aspects of the Iran/Contra affair. In return for arms smuggled to the Contras in Nicaragua, cocaine was being brought back to the U.S. and dropped off at a small airport at Mena, Arkansas. Pilot Barry Seal, a CIA asset and drug runner, was also dropping bales of cash in Mena. The drug money was laundered (among other channels) through Stephen’s Worthen bank and an Arkansas state agency set up by Governor Bill Clinton (the Arkansas Development Finance Authority). Overseer of the Iran/Contra operation was then Vice-President George H.W. Bush, as later proved with a memo from Defense Secretary Caspar Weinberger.

A partner with Stephens in the Worthen bank was Mochtar Riady, one of the principals in the Indonesian Lippo Group. The Lippo Group was heavily involved in the campaign financing scandals of the second Clinton presidential campaign, with links to the Chinese military.

Our final example is perhaps the most important unfinished investigation of the last 40 years. The Bank of Commerce and Credit International (BCCI) was started by a Pakistani banker ostensibly to service Arab clients in the Middle East. It quickly became a money laundering mechanism for various terrorist organizations in the area. It then branched out to London and other locations and became a repository and laundering channel for a broad spectrum of organizations, including the terrorists as well as Mossad and the CIA.

BCCI established a branch in Florida and took over the largest bank in Washington, D.C. (First American) with the assistance of Stephen’s Worthen bank. When the Florida branch was exposed, it was shut down, but the investigation was limited to Florida.

Later, Assistant District Attorney Robert Morgenthau in New York launched a comprehensive investigation into BCCI until it was shut down by Robert Mueller in the Department of Justice (now FBI Director) and Mary Jo White, Clinton-appointed U.S. Attorney for the southern district of New York. White was held over by George W. Bush long enough to deep six the investigation of Clinton’s pardon of Marc Rich. She also closed the investigation of Terry McAuliffe (who was on the verge of being indicted) in the Teamster/Democratic National Committee campaign money swap conspiracy.

http://www.worldnewsstand.net/MediumRare/22.htm 
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source: http://groups.yahoo.com/group/NewsViewsnolose/message/19?l=1 

 

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Andrew W. Griffin

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Andrew W. Griffin received his Bachelor of Science in Journalism from...

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