The Global Bust-Out Series (Chapter 6): An Oligarchic-Organized Crime and Terrorism Syndicate (and Some Stock Promoters)

    This is Chapter 6 of a multi-chapter series. On your right is a Table of Contents to all chapters so far published.

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    In this chapter of the Global Bust-Out Series, we learn still more about the Bank of Credit and Commerce and International (BCCI) and its business partners (the “larger BCCI enterprise”). Although this might seem like ancient history, it is history that we should not forget because the people who were involved with the BCCI enterprise did not simply disappear when BCCI collapsed in 1991. To the contrary, most of them remained in business. This despite the fact that Manhattan District Attorney Robert Morgenthau had described BCCI as “the largest banking fraud in world financial history.”

    Recall, too, that the larger BCCI enterprise did more than operate “the largest banking fraud in world financial history.” It also deployed a variety of schemes to “bust-out” publicly listed companies, some of them among the largest savings and loan banks in the United States. This contributed to the savings and loan crisis that began in the late 1980s, and which ultimately cost American taxpayers upwards of $2 trillion in bail-outs—a portent of bigger and better things to come.

    The larger BCCI enterprise also “busted out” (i.e. looted and destroyed) smaller public companies, and it “busted out” other national economies besides the one in the United States. When a few BCCI principals were brought to trial (they were sentenced to pay nothing more than fines that were a fraction of what they had looted), the sentencing judge correctly remarked that the BCCI enterprise had single-handedly “shattered the integrity of the global financial system.”  They had also shattered the integrity of Washington, where officials went to lengths to protect the larger BCCI enterprise from prosecution.

    Because the BCCI enterprise was never seriously prosecuted (or exposed in the media), the people who had been involved with BCCI and the larger BCCI enterprise (some of them global terrorists) continued during the years that followed not only to remain in business, but also to operate an almost precisely similar enterprise, the only difference being that the enterprise came to include some new and younger players, while people involved with the enterprise innovated new and more destructive financial schemes. More specifically, they innovated new ways to “bust-out” publicly listed companies and national economies.

    Indeed, as we will see, a number of them contributed to the great meltdown of 2008, and they are presently threatening to deliver a repeat performance.

    It is no overstatement to say that miscreants (some of them operating big banks on Wall Street) who were formerly involved with BCCI and the larger BCCI enterprise presently pose the single biggest threat to the stability of the global financial system and our economic well-being. More than that, they pose a serious threat to the future of our democracy and to political stability in many other nations as well.  This is, in other words, the history that partly accounts for our present predicament, and it is the history that has (already to the great detriment of our democracy) been covered up by officials in Washington, and ignored by the major U.S. news organizations (many of them owned by people previously linked to the BCCI enterprise).

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    During the 1980s, there existed a global network of brokerages linked to BCCI, and it is essential that we know more about these brokerages and their activities because some of their proprietors later established a similar global network of brokerages—and that network, we shall see, remains in business today.

    The first fact to know about the brokerages linked to BCCI is that they looted many billions from the global financial system, and most of this looting was accomplished by the perpetration of so-called “pump and dump” schemes. See Chapter 1 of this series for a fuller description of “pump and dump” schemes, but I will repeat the essentials because these schemes have never been properly defined by the media, and rarely, if ever, has anyone been prosecuted for the most damaging component of these schemes. That is to say, American law enforcement officials sometimes prosecute the “pump” end of the schemes, charging miscreants for inflating (or “pumping”) stock prices, which is a relatively minor infraction, but law enforcement officials (and the media) routinely ignore the “dump” end of the schemes even though it is the “dump” that causes the most damage to the financial system.

    In a typical “pump and dump” scheme, miscreants first gain a degree of control over a company and/or its stock, and then initially “pump” the shares, causing the stock price to soar in value. But as the name of the scheme suggests, the miscreants eventually  “dump” shares into the market, causing the stock price to decrease in value. And when the miscreants “dump” shares into the market, they always simultaneously attack the target stock with manipulative short selling that causes the stock price to go into a death spiral, thereby ensuring that the stock will hit zero before ordinary investors can realize what is happening and recoup some of their losses.

    It is the manipulative short selling where the miscreants make much of their money, and obviously it is the manipulative short selling that wipes out ordinary investors and does the most damage to the markets, but it is this component of the scheme—the manipulative short selling—that is rarely prosecuted.

    The manipulative short selling is rarely prosecuted partly because the targeted companies (especially in “pump and dump” schemes) are often fraudulent companies, and authorities apparently believe that the stock price of a fraudulent company ought, in any case, to be zero. But often, the targeted companies are legitimate, while others are not fraudulent until such time as miscreants gain a degree of control over them. And fraudulent or not, the result is always the same: the companies are “busted out” (i.e. destroyed), with the manipulative short selling triggering death spirals that ensure that ordinary investors have no chance whatsoever to exit the stock before it hits zero.

    As Congressional investigators tasked to look into the BCCI scandal noted, the global network of BCCI-affiliated brokerages manipulated the U.S. markets and victimized countless investors in North America. However, the whitewashed report produced by the Congressional investigation into the BCCI scandal failed even to identify these brokerages by name, and failed also to identify the people who operated the brokerages. The major U.S. news organizations, meanwhile, reported almost nothing about these brokerages, and on the rare occasion when the brokerages were named, the media not only failed to note that the brokerages were affiliated with the BCCI enterprise, but also failed to report that the brokerages were involved in any criminal activity whatsoever.

    The Wall Street Journal, for one, never mentioned any of these brokerages, but one of The Wall Street Journal’s award-winning journalists, Larry Gurwin, did publish a seminal book about the BCCI scandal, and this book (title: “False Profits”) contained much information that apparently could not appear in the newspaper that employed him. For example, Gurwin’s book noted that many of the BCCI-affiliated brokerages were operated by a man named Thomas Quinn, which was interesting because Quinn had been identified by the FBI (which never arrested him) as a major organized crime figure with ties to the Genovese Mafia family.

    Quinn operated his brokerages—a global network of BCCI-linked brokerages with names like Equity Management Services, Kettler Investment, etc.—in partnership with other mobsters, including a man named Arnold Kimmes. The FBI identified Kimmes as a “major organized crime figure” in a classified report published in 1973, but the FBI did not arrest Kimmes in 1973, nor did the FBI  arrest Kimmes in any subsequent years, though Kimmes (being a “major organized crime figure”) committed  a lot of major organized crimes in league with BCCI and Quinn.

    Quinn traveled often to the Middle East, where some of his brokerages were located, and spent part of every year in the United States, where he manipulated markets in league with a network of other brokerages with ties to organized crime. When he wasn’t traveling in the Middle East or the United States, Quinn was based in France, where he owned a pink villa overlooking the Mediterranean – a villa that he had named Farmhouse of the Roses, suggesting that major organized crime figures appreciate things that are cute and pretty.

    In 1988, French police stormed Farmhouse of the Roses, kicking down doors, ransacking the place, hauling away evidence, and arresting Quinn, who was subsequently sentenced to four years in (French) prison on charges of securities fraud and market manipulation. When he was released, Quinn returned to the United States, where law enforcement officials and regulators never bothered him, though it was known that he was once again operating multiple criminal brokerages in this country. For example, Quinn co-founded an outfit called Sovereign Equity Management in partnership with an American criminal-oligarch named Phil Abramo, who was widely known as “The King of Wall Street.”

    In addition to being known as “The King of Wall Street,” Abramo was a capo in the DeCalvacante Mafia family.

    There were many other major organized crime figures involved with brokerages linked to the BCCI enterprise in the 1980s (and with similar brokerages in subsequent years). Among them were such Mafia luminaries as Canadian mob boss Vic Cotroni; and Antonio Commisso, a.k.a. L’avvocatu, or The Lawyer – the Toronto boss of the Ndrangheta Mafia organization, also known as the Siderno Group because it  has its origins in Siderno, Italy. Meanwhile, these mobsters and others–including Abramo, Quinn, and Kimmes–had extensive business with a famous Canadian stock promoter and organized crime figure named Irving Kott.

    In 1979, a hit man named Cecil Kirby placed a bomb under Kott’s car. The bomb exploded, but Kott survived to co-found several brokerages in the global network linked to BCCI. For example, in 1983, Kott co-founded an outfit in Amsterdam called First Commerce Securities, which was the largest and most destructive of the BCCI-linked brokerages.

    In 1984, Kott crossed paths with man named Ali Nazerali, who was then a senior employee of an outfit called the Gulf Group and also acted as a principal of a company called Ayla Holdings BV. This lead to Nazerali’s involvement with First Commerce Securities, which has been described as history’s largest-ever “boiler room” operation (“boiler room” being a common name for brokerages that “pump” stocks that are subsequently “dumped” to rip off investors). In 1986, a crack-down by Dutch authorities forced First Commerce to cease operations. The Dutch authorities requested a bankruptcy declaration against First Commerce in December 1996, which was granted in January 1987. Dutch authorities at one point estimated that First Commerce had scammed innocent investors of nearly $400 million (in 1986 dollars).

    Nazerali later claimed in an affidavit filed in Canadian court proceedings that Ayla Holdings only had a “conditional” agreement to purchase First Commerce, but a number of sources allege that Nazerali was involved along with Kott in the operations of the brokerage during the period from 1984 to 1986. Neither Nazerali nor anyone else associated with First Commerce was charged with any crime related to operating First Commerce, although a First Commerce managing director was briefly arrested in November, 1986, and the Dutch authorities issued a warrant for Kott’s arrest in 1987. By this time, Kott had (in 1985) survived a second assassination attempt, and was traveling under a false name, reportedly because he feared for his life.

    One of First Commerce’s top executives, meanwhile, had been a fellow named Joseph Gamal, who had transferred to First Commerce from BCCI headquarters in London, while another top executive of First Commerce had been a man named Simon Raouff, who had previously worked for Iraq’s foreign ministry, and who was, according to “False Profits” and others, involved with BCCI’s shipments of weapons to Iran and Iraq. Raouff also formerly worked for the Gulf Group, and Nazerali (the fellow who operated First Commerce from 1984 to 1986) was (as mentioned) formerly a top executive at the Gulf Group.

    According to multiple sources, including “False Profits,” Nazerali was, like Raouff, also involved in the arms business, and it is likely that he began selling arms while working for the Gulf Group.

    The Gulf Group was one of BCCI’s most important affiliates, involved in everything from container shipping to arms dealing and financial services. As Manhattan District Attorney Robert Morgenthau and many others later made clear, much of the cash that BCCI looted from the global financial system was delivered to the Gulf Group in the form of loans that were not expected to be paid back (and most of that money disappeared). The Gulf Group was controlled by a man named Abbas Gokal and his two brothers, Murtaza and Mustapha Gokal. The Gulf Group and the Gokal brothers themselves also had connections with First Commerce Securities and other brokerages linked to the BCCI enterprise.

    Abbas Gokal subsequently became the only major BCCI figure to do jail time for his BCCI crimes, and after his release from jail, he moved to Tehran, where he and his brother, Mustapha, became financial advisors to the Iranian regime. Back in 1969, another Gokal brother, Hussein Gokal, was hanged by the Iraqi government, which had convicted him (albeit in the Iraqi courts, which had a low burden of proof) of being an Iranian spy. That was before the 1979 Islamic revolution, but after the revolution, the surviving Gokal brothers and the Gulf Group had (like their affiliate, BCCI) extensive and close working relationships with the Iranian regime.

    The Gulf Group, like BCCI itself, also worked closely with the Pakistani intelligence service, the ISI, and Abbas Gokal, who was one of Pakistan’s most prominent oligarchs, served (as did many of Pakistan’s oligarchs) as an asset of Pakistan’s intelligence service. Among other ventures, the Gulf Group helped the Pakistani intelligence service deliver weapons to the mujahedeen in Afghanistan, and the Gulf Group was linked to the nuclear weapons proliferation network operated by Pakistan’s intelligence service and Pakistani nuclear scientist A.Q. Khan, known as “The Father of the Islamic Bomb.”

    One of the beneficiaries of that nuclear proliferation network was the regime in Iran, and the Gulf Group’s dealings with the Iranian regime were so extensive that the mullahs who ruled Iran considered the Gulf Group to be not just one of their most important business partners, but a key ally in furthering the Islamic revolution. The Iranians relied on the Gulf Group for financial and policy advice, and also for a steady supply of sophisticated weaponry. Rachel Ehrenfeld (now director of the Economic Warfare Institute) has written that the Gulf Group “was the major player in delivering strategic and nuclear weapons [components] from the West to Iran and other Muslim countries.”  Congressional investigators reached similar conclusions.

    Abbas Gokal, the man who controlled the Gulf Group, was also an intermediary for American oligarchs looking to do business with BCCI and the Iranian regime. Among these American oligarchs was a financial operator named Ivan Boesky, who would later become best known as Michael Milken’s most important criminal coconspirator.

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    During the 1980s, Boesky ran what was then one of the nation’s most powerful arbitrage funds (today it would be called a hedge fund), and he had a reputation on the Street as a mysterious character who liked to operate in the shadows – a guy known to deliver suitcases full of cash to gorillas with handguns holstered on their hips. According to Pulitzer Prize winning author James Stewart (see his book, “Den of Thieves”), Boesky often told people that he had spent an earlier period in Iran working as a CIA agent.

    Prosecutors would later describe in colorful detail the armed gorillas and suitcases full of cash, but Boesky’s claims to have been working as a CIA agent in Iran were somewhat dubious. It is more than likely, as one of Boesky’s former business colleagues confirmed in an interview with DeepCapture, that Boesky had (and still does have) deep ties not to the CIA, but to the regime in Iran (though, of course, it is possible that he had ties to both).

    In any event, it is certain that Boesky spent time in Iran. He was, for example, in Iran soon after the 1979 Islamic revolution that brought the current Iranian regime to power, and when he returned from that trip Boesky went into business with a trader and oligarch named Marc Rich, who, like Boesky, was transacting large volumes of trading with the Iranian regime. The intermediary for Rich’s trading with Iran was, of course, Abbas Gokal, and Rich relied on BCCI for much of his finance. Indeed, Congressional investigators would later identify Rich as being a key figure in the larger BCCI enterprise.

    Throughout the 1980s, Rich and Boesky shared New York office space in a building (at 650 Fifth Avenue) that was owned by an outfit called the Assa Corporation, which was controlled by the Iranian regime. Much later, in 2009, the Department of Justice indicted the Assa Corporation, alleging that it was a front for Iranian espionage in the United States, and that it was funding Iran’s nuclear weapons program. The DOJ also presented evidence that the Assa Corporation had ties to organized crime, and it is likely that the Assa Corporation’s had been conducting business with organized crime since the 1980s. As we will see, Rich and Boesky also had extensive ties to organized crime and they continue to this day to do business with the Assa Corporation (which has dealings with numerous brokerages in the United States, its indictment for espionage and funding Iran’s nuclear program notwithstanding).

    In 1983, Rich was indicted for illegally trading with the Iranian regime during the 1979-1980 Iran hostage crisis, which saw U.S. soldiers die in an unsuccessful attempt to rescue American diplomats who were being held hostage at the U.S. embassy in Tehran. After he was convicted, Rich fled to Switzerland and lived as a fugitive from the law, but U.S. President Bill Clinton, on his last day in office, granted Rich a pardon from his crimes, and by this time Rich was, perhaps, the world’s most powerful commodities trader, in addition to being a big player in other markets.

    President Clinton’s decision to pardon Rich from his crimes was influenced by a hedge fund manager and oligarch named Michael Steinhardt, who had persistently lobbied Clinton on Rich’s behalf, and who was one of the largest funders of the Democratic Party. In addition, Steinhardt had co-founded an outfit called the New America Foundation, which played a key role in securing the presidency for Clinton, and was later credited with having authored much of the Clinton administration’s policy platform.

    As Steinhardt has himself admitted (possibly because he worried that the information was going to become public anyway, and because he wished to deliver the news as if it were no big deal) the largest investors in his first hedge fund were the Genovese Mafia family. This was because Steinhardt’s father, Sol “Red” Steinhardt, was (in the words of a Manhattan district attorney) the “biggest Mafia fence in America.” More specifically, Steinhardt Sr. was the chief money manager for the Genovese and affiliated Mafia families.

    According to Steinhardt, the second biggest investors in his hedge fund (after the Genovese Mafia) were Marc Rich and his office mate, Ivan Boesky. Steinhardt, meanwhile, had become one of the more prominent (and some say “notorious”) hedge fund managers on Wall Street. In 1991, Steinhardt was implicated in a scheme to corner the U.S. Treasuries market—a scheme that would have had disastrous consequences for the U.S.A. if had been successful. Two years earlier, in 1989, The Wall Street Journal described Steinhardt as being part of a “network” of financial operators who deployed manipulative short selling to attack publicly listed American companies. Indeed, though The Wall Street Journal did not report this, the same “network” had conspired with BCCI to “bust-out” (i.e. destroy) some of America’s largest financial institutions.

    In addition, this “network” remains in business today, so there is more that we need to know about the “network,” beginning with the information that the “network” includes Ivan Boesky and Marc Rich, not to mention former BCCI figures like Abbas Gokal and some of the world’s leading organized crime bosses. Meanwhile, of course, a central figure in the “network” is Boesky’s most famous criminal coconspirator, Michael Milken, who was (in the 1980s) the most powerful man on Wall Street, and who remains to this day one of the most destructive financial operators in the nation.

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    Although Milken spent two years in prison, and is, without doubt, one of history’s most destructive financial criminals, the major U.S. news organizations presently describe Milken as being not only a Wall Street hero, but also one of the most “prominent” fixtures of the American establishment. Even the usually reliable Economist magazine published an article in September 2010 that hailed Milken as an “innovator” whose junk bond finance in the 1980s helped build some of America’s greatest companies.

    It is true that Milken’s finance contributed to the growth of a few major companies. For example, Milken financed Rupert Murdoch’s News Corp. In addition, Milken finance helped Ted Turner build CNN into a media powerhouse. And it is perhaps no coincidence that CNN was, meanwhile, doing business with BCCI subsidiary Capcom Financial, which, during the 1980s, transacted $90 billion (a mighty sum in those days) in “wash” trades through Milken’s trading desk at Drexel Burnham Lambert.

    As noted in earlier chapters, “wash” trades are usually accompanied by manipulative  short selling, and they cause extensive damage to the markets. In addition, “wash trades” usually involve money laundering (hence the term “wash”), so it is probably notable that Capcom Financial and its director, Ziauddin Ali Akbar, who also served as BCCI’s treasurer, were, in the 1980s, indicted for laundering money on behalf of Colombian drug cartels. And of course, the larger BCCI enterprise was laundering money for terrorist outfits and the world’s leading organized crime syndicates. (Congressional investigators determined that Capcom principals, one of whom was the chief of Saudi intelligence, might also have influenced CNN’s coverage of the Middle East and of BCCI itself).

    In any event, while  Milken did finance a few successful companies, Milken and a close-knit cabal of criminal-oligarchs destroyed (i.e. “busted out”) far more companies than they built, and, often, they did so in league with the BCCI enterprise.

    It would require another book-length blog to discuss all of the companies that the Milken cabal destroyed in the 1980s, and the subject has already been covered to some extent by other books, so I will leave it to the reader to consult, for example, Connie Bruck’s highly acclaimed book, “The Predators’ Ball,” which describes Milken’s  larger scheme in general terms. Perhaps the best book on the Milken cabal is Ben Stein’s “License to Steal,” in which Stein posited that the principal business model of Milken & Co. was to “bust out” (a term that Stein also used, which is to say I didn’t make it up) publicly listed companies, including many of the nation’s leading savings and loan banks. (Stein later became a columnist for The New York Times, which never publishes anything negative about Milken nor any other oligarch).

    Although the major U.S. news organizations devoted little attention to the “bust-outs” of savings and loan banks, the “bust-outs” were noticed by others, including the Federal Deposit Insurance Corp. (FDIC) and the Federal Savings and Loan Insurance Corporation (FSLIC), whose deputy director at the time was the crusading William Black, a rare example of an honest man in government who later (as a professor of economics) developed the concept of “control fraud,” in which financial executives (e.g. Michael Milken and his associates) deliberately use entities that they control as a “weapon” to commit fraud that undermines markets and the broader economy. Back in the 1980s, as the FDI noted, Milken and his closest associates “willfully, deliberately, and systematically plundered certain S&Ls.”

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    The Milken variation of the ”bust out” worked as follows: Milken issued junk bonds to finance about two dozen of his closest associates, who used the finance to take over good companies. Under the direction of Milken’s cronies, the companies took on ever greater amounts of Milken’s junk bond debt. But rather than use the finance to grow the companies, the Milken cronies simply looted the companies of their cash. To create the illusion that there was a liquid market for the junk bonds, the Milken cronies meanwhile traded their bonds amongst each other at stair-stepping prices.

    As the government’s indictments of Milken made clear, this junk bond merry-go-round was conducted with Mafia-like secrecy – nobody other than Milken’s closest associates knew that the only buyers for the junk bonds were Milken’s other closest associates. Meanwhile, Milken was involved with a nationwide network of brokerages and investment funds (many featured in later chapters of this series, and many still in business today) that traded on inside information about these companies and manipulated their stock prices. When the Milken’s junk bond cronies were done looting their companies, Milken and his cronies, along with others in their network, would attack the companies with manipulative short selling, thereby triggering a death spiral in their stock prices and ensuring that the companies could not be saved.

    One of the short sellers who regularly attacked companies that were “busted out” by Milken and his associates was, of course, Michael Steinhardt (the guy with the hedge fund whose biggest investors were Marc Rich, the Genovese Mafia, and Milken’s criminal co-conspirator Ivan Boesky). Others were among the short sellers who were part of the short selling “network” exposed by the 1989 Wall Street Journal story that identified Steinhardt as being a key figure in the network. Later chapters of this series will discuss the network in greater detail, but for now it is enough to know that the 1989 Wall Street Journal story reported that others in the network, including a fellow named Jim Chanos, were employed at the time by a brokerage called Gilford Securities.

    By 2000, Chanos had left Gilford Securities and (with funding from Steinhardt, son of the biggest Mafia fence in America) started his own hedge fund, Kynikos Investments, one of the most powerful hedge funds in the nation. Chanos also headed up (and still does head up) a hedge fund lobbying organization and, by 2000, he had become a  favorite source of information for journalists at major U.S. news organizations, including The Wall Street Journal, which never again published a story exposing manipulative short selling. Meanwhile, in 2000, five former brokers at Gilford Securities were indicted as part of Operation Uptick, billed by the FBI as the largest Mafia bust in history. The FBI reported at the time that the Gilford brokers had manipulated stocks in league with a “network” that included ten of La Cosa Nostra’s leading lights and a corrupt New York cop.

    When I called Chanos’ former boss, H. Robert Holmes, to ask about Operation Uptick and the Mafia’s infiltration of his brokerage, he said: “This is bullshit.” Indeed, almost none of the 120 people arrested in Operation Uptick (ostensibly the biggest Mafia bust in history) were ever sentenced to anything worse than small fines, and most of them remained in business, so maybe Holmes was right: it was bullshit.

    Back in the 1980s, when Gilford and Chanos were part of Milken’s nationwide network, their manipulative short selling targeted numerous companies that had been financed with Milken’s junk bonds. Chanos presently tells reporters that he was Milken’s nemesis and that his short selling of Milken-financed companies was evidence that he had a keen nose for fraudulent companies, but this is pure spin. Milken financed those companies fully intending that they would be “busted out” (i.e. destroyed) with help from manipulative short selling perpetrated by others, including Chanos and Steinhardt, in his network. And the short selling attacks, of course, triggered the essential death spirals in the stock prices of the target companies so that even if the companies’ boards of directors were to remove the Milken cronies, the companies would be unable to raise finance from more reputable sources.

    When the companies went bankrupt, Milken and his cronies, including the short sellers, would make a fortune. Other Milken cronies would make still more money by purchasing the companies’ assets at fire-sale prices in the bankruptcy proceedings. And then they would repeat the process all over again, assured that the junk bond merry-go-round would supply a constant stream of lootable finance.

    But, of course, this scheme eventually collapsed – and it must be stressed, the vast majority of the companies that Milken financed ultimately were destroyed.

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    As already indicated, many of the companies that were destroyed by Milken & Co. were savings and loan banks, and in the case of the savings and loan banks, there was another important component of the scheme that involved a small number of people who specialized in so-called “brokered deposits.” Indeed, “brokered deposits” were one of the more important contributors to the savings and loan crisis, and they have been similarly cited as a contributing factor (other factors being manipulative short selling and “control fraud”) in our more recent financial crisis.

    The full story of brokered deposits is a long one, but the short version is that a brokered deposit is, as the term implies, a bank deposit that is acquired through a broker.

    More specifically, the broker aggregates deposits from many sources, and is paid by a given bank to deliver his bundle of deposits to the bank in question. The hitch is that these brokered deposits, unlike, say, checking and savings accounts, are generally not a stable source of funding, and technically, undercapitalized banks are not allowed to accept them. However, in the 1980s, there were loopholes (and there remained loopholes in all the years that followed) that enabled some well-connected brokers to deliver huge bundles of deposits to the most dubious banks, and in the process those banks would take on costly liabilities. In the case of the savings and loans that were part of the Milken junk bond merry-go-round, the deposits were simply looted.

    In the 1980s, the single most important deposit broker—and a central character in most accounts of the savings and loan crisis (see, especially, the book “Inside Job.”)—was an organized crime figure named Mario Renda. And Renda’s most important business partner was Adnan Khashoggi, who, of course, was a key figure in the larger BCCI enterprise. Khashoggi was also closely involved with the global network of brokerages linked to the BCCI enterprise, and he (along with others already mentioned) will prove extremely important to our later discussion of the financial crisis that began in 2007, and which continues to this day.

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    It is not an understatement to say that the savings and loan crisis would not have happened if it were not for the work of Renda and his sponsor Khashoggi, who, along with Milken, was one of the masterminds of the scheme to “willfully, deliberately, and systematically plunder” not just a few banks, but more than a hundred savings and loan banks across the nation, some of them among the nation’s most important financial institutions. Also central to this scheme was an outfit called CenTrust, which was based in Miami, and was the largest savings and loan bank in the southeastern United States. As Congressional investigators would later reveal, CenTrust was controlled by BCCI, and financed by Milken.

    CenTrust was also a key component of Milken’s junk bond merry-go-round—i.e. the merry-go-round that allowed a host of Milken-financed savings and loan banks, including CenTrust, to appear healthy, even though they were taking on ever greater liabilities in the form of brokered deposits, and even though they were being “systematically” plundered (i.e. “busted out”). Ultimately, of course, CenTrust was one bank that was “busted out,” and its inevitable collapse alone cost U.S. taxpayers more than $2 billion.

    Another key participant in the Milken junk bond merry-go-round and the larger scheme to “bust-out” major savings and loan banks was a monumental criminal and prominent American oligarch named Charles Keating. With Milken’s finance, Keating seized control of an outfit called Lincoln Savings and Loan, which was then the largest savings and loan bank—and one of the most important financial institutions—in the nation. Ultimately, of course, Milken and Keating, along with others in their network, “systematically plundered” (i.e. “busted out”) Lincoln Savings and Loan, and they did so in cahoots with the BCCI enterprise.

    A later Congressional investigation would reveal that one BCCI figure involved in the “bust-out” of Lincoln Savings and Loan was a shadowy Swiss financial operator named Alfred Hartman, who was a member of BCCI’s board of directors and the head of BCCI Swiss subsidiary, Banque de Commerce et de Placements, based in Geneva.  Also involved in the “bust-out” of Lincoln Savings and Loan, according to Congressional investigators, was Abbas Gokal, head of the Gulf Group. As we know, the Gulf Group was one of BCCI’s most important affiliates, closely tied to the Iranian regime and Pakistani intelligence.

    When the Senate Foreign Relations Committee began investigating BCCI for its role in Pakistan’s nuclear weapons program, the Committee announced that it intended to take a close look at Keating’s relationship with Gokal and the Gulf Group. It is not clear what, if anything, came of that investigation, but we would be justified in asking whether any serious investigation occurred at all given that Keating had successfully corrupted (or “captured”) at least five senators. Those captured senators would later become known, famously, or notoriously, as “The Keating Five,” at which point it was widely reported that the senators had, for many years, been intervening on Keating’s behalf, helping to derail law enforcement investigations into the goings-on at Lincoln Savings and Loan.

    The same senators—and other senators besides—had given speeches on the Senate floor singing the praises of BCCI and ridiculing those who suggested that BCCI was a criminal enterprise. Presently, U.S. senators continue to sing the praises of billionaires who were formerly involved with the BCCI enterprise, and many of those billionaires continue to be given VIP treatment by other top officials in Washington.

    Therefore, it is necessary for us to learn more about the billionaires who were formerly involved with the BCCI enterprise, beginning with the observation that all of these billionaires are, like Milken, also treated with reverence by the major U.S. news organizations, including The New York Times. And it is to one recent (and typical) New York Times article that we now turn, if only because it gives further credence to my contention that The New York Times is less reliable than People magazine, while the New York Times slogan—“All the News That’s Fit to Print”—is false and eminently fraudulent advertising that should be reported to the Better Business Bureau.

    * * * * * * * * * *

    In 2009, The New York Times published an obituary marking the death that year of Sheikh Khalid bin Mahfouz, the Saudi billionaire and Muslim Brotherhood oligarch who had, in the 1980s, been the largest shareholder of BCCI, and who had served as executive director of the bank. Sheikh Mahfouz was also one of history’s most destructive financial criminals, and when he and other BCCI principals were tried for their BCCI crimes, the presiding judge (who sentenced them to pay fines that were fraction of what they looted) named Sheikh Mahfouz as one among the people who had “shattered the integrity of the global financial system.” Aside from that, Sheikh Mahfouz was the most prominent banker in Saudi Arabia.

    Not only was Sheikh Mahfouz the principal banker to the Saudi royal family, but he had also been the principal financier of numerous other Saudi oligarchs, including Adnan Khashoggi, who had been involved with the BCCI enterprise during the 1980s. In addition, Sheikh Mahfouz had been the proprietor of numerous other financial institutions, all of which had been affiliates of BCCI during the 1980s, and most of which remain in operation today. For example, Sheikh Mahfouz founded an outfit called National Commercial Bank, which is presently one of the largest and most powerful financial institutions on the planet, with extensive operations in the United States, and partnerships with some of Wall Street’s leading brokerages and investment houses.

    If all that were not enough, Sheikh Mahfouz was also the most important business partner of a Saudi oligarch and terrorist named Osama bin Laden.

    For these and other reasons to be discussed, Sheikh Mahfouz was, in fact, one of the most important people in the world. That alone is enough to cast doubt on The New York Times slogan—“All the News That’s Fit to Print”—for The New York Times rarely printed anything at all about Sheikh Mahfouz until his death in 2009, at which point The Times published an obituary for Sheikh Mahfouz that is worthy of our attention not because it was exceptional, but because it was entirely typical of the reporting by America’s most important newspaper, and this typical story was so ingratiating to power and so grossly propagandistic that it might not be an exaggeration to suggest that The New York Times itself poses a greater threat to the republic than do any of the terrorists who purportedly hate our freedoms.

    For starters, The New York Times did not describe Sheikh Mahfouz as one of history’s most destructive financial criminals, and nor did the Times note that Sheikh Mahfouz and his BCCI associates had “single handedly shattered the integrity of the global financial system.” The Times did report that Sheikh Mahfouz had paid some money to settle fraud charges related to his involvement with BCCI, but the always “balanced” New York Times noted (and gave credence to) Sheikh Mahfouz’s claim that the payment (around $250 million, but the Times didn’t say how much) to settle fraud charges was just a “business decision,” and that he had not technically paid a “fine” because he denied all wrong-doing.

    As for the nature of the BCCI enterprise, The New York Times reported only that BCCI had been shut down in 1991 after being accused of “financial chicanery and money laundering.” That was it. Just “chicanery,” as if it were nothing more than a slap-stick funny sort of mischief. Recall that this was a bank that helped “bust out” the American economy, meanwhile running a global network of criminal brokerages in partnership with transnational organized crime syndicates and providing a full package of services to the world’s leading terrorist outfits, with some terrorists themselves counted among the key figures in the larger BCCI enterprise. This is the same BCCI enterprise that thoroughly corrupted Washington and captured leading U.S. news organizations.

    This was a bank (see “The Outlaw Bank,” by Johnathon Beaty, who was chief investigative reporter for Time Magazine until he reported the truth about this bank) that operated its own “Black Network” involved in everything from terrorism and coups de’ tat to weapons smuggling, narco-trafficking, nuclear weapons proliferation, prostitution, political assassinations, kidnappings, and murder for hire.

    The New York Times has never reported any of that, and in its obituary for Sheikh Mahfouz (which was also the last time the Times mentioned BCCI), the Times literally had nothing more to say about BCCI other than those few words:  “financial chicanery and money laundering” (i.e. standard banking procedures), tempered with the assurance of Sheikh Mahfouz that neither he nor BCCI had committed any wrongdoing. Aside from that, this story in the Times demonstrated nothing short of admiration for Sheikh Mahfouz, noting that “Sheikh Mahfouz typified Saudi Arabia’s super-wealthy.” The Times gushed further that Sheikh Mahfouz “maintained opulent homes around the world and traveled in his own Boeing 767 with gold-plated bathroom fixtures.”

    The Times also reported (approvingly) that Sheikh Mahfouz had, in 1977, joined a “Washington insider” named John Connally and unnamed “others” to buy an outfit called Main Bank of Houston. In addition, the Times reported that Connally introduced Sheikh Mahfouz to some Texas billionaires, namely the brothers William Herbert Hunt and Nelson Bunker Hunt, and the Times reported that these billionaires and Sheikh Mahfouz proceeded to collaborate in an effort to corner the silver market.

    However, the Times did not seem to think there was anything wrong with American oligarchs and a Saudi sheikh trying to corner the silver market. In addition, the Times reported that the attempt was “unsuccessful” because Sheikh Mahfouz had (according to the Sheikh Mahfouz) “lost money” in the effort. Moreover, readers of this story in the Times were left to believe that this was the full extent of Sheikh Mahfouz’s business in the United States: the purchase, with a “Washington insider,” of Main Bank, and an “unsuccessful” attempt to corner the silver market.

    But there was more to this story—news that the Times didn’t see “Fit to Print.”

    For example, the Times did not report that Sheikh Mahfouz was (in the 1980s) a key player in a network of financial operators who were systematically plundering not just Main Bank, but also more than 100 other savings and loan banks. In addition, the Times failed to report that the “attempt” to corner the silver market was more than an attempt, and was, in fact, entirely successful in that Sheikh Mahfouz and his partners (for a time) fully controlled the price of silver. From the perspective of a Muslim Brotherhood oligarch like Sheikh Mahfouz (see earlier chapters of this series for more on what Muslim Brotherhood leaders call “The Financial Jihad”) the cornering of the silver market was all the more successful in that it wrought havoc in the broader markets, and nearly caused the collapse of  Bache & Co., which was then one of America’s largest investment banks.

    As for that “Washington insider,” John Connally, the Times seemed to believe that it was par for the course and even commendable for Sheikh Mahfouz (who was then perpetrating the “biggest banking fraud in world financial history” in partnership with the chief of Saudi intelligence and other BCCI figures) to seek favor with a “Washington insider,” and the Times failed to report that this particular insider, Connally, had recently served as Secretary of Treasury, in which capacity he had convinced President Nixon to devalue the dollar and abandon the gold standard (which helped Sheikh Mahfouz corner the silver market).  Moreover, at the time when he went into business with Sheikh Mahfouz, Connally had announced his intention to run for president of the United States, though the Times didn’t mention that.

    The Times also failed to report that Sheikh Mahfouz went into business with many other “Washington insiders” besides Connally. For example, Sheikh Mahfouz and BCCI purchased National Georgia Bank, the principal financiers of then President Jimmy Carter’s family peanut business, and Sheikh Mahfouz had extensive business with future President George Bush, Jr.  Indeed, Sheikh Mahfouz and other key figures in the BCCI enterprise effectively owned Washington, and they still owned Washington at the time of Sheikh Mahfouz’s death in 2009, but this was neither newsworthy nor problematic so far as The New York Times was concerned.

    In addition, the Times failed to report that Main Bank, the outfit that Sheikh Mahfouz acquired with a Washington insider, was a key component of a larger scheme—namely, a scheme to “bust out” the U.S.A. and the global economy—that Sheikh Mahfouz and BCCI were perpetrating in league with other “Washington insiders” and American oligarchs, among them, of course, Michael Milken, who was, at the time, the most powerful man on Wall Street and one of history’s most destructive financial criminals (worthy of our respect and admiration,, according to The New York Times).

    One of the few journalists who has reported extensively on the savings and loan scam is Pete Brewton, formerly of various of newspapers in Texas, and indeed Brewton (who has been scorned by others in the mainstream media for failing to toe the party line) is one of the world’s reigning experts on the savings and loan scandal. In addition, Brewton (see his book on the Mafia and savings and loans) has reported that Main Bank (owned by Sheikh Mahfouz and Washington insiders)  was part of a network of affiliated savings and loan banks that raised (with help from Khashoggi’s organized crime partner Mario Renda) a steady stream of brokered deposits, with the banks lending the cash back and forth to each other.

    This daisy chain of lending served a purpose similar to Milken’s junk bond merry-go-round, temporarily creating the appearance that the banks were functioning and liquid financial institutions, but, of course, the goal of the people in the network was ultimately to “bust-out” (i.e. loot and destroy) all of the savings and loan banks in the network, including Main Bank. It might also be noted (though it is not “News That’s Fit to Print”) that Sheikh Mahfouz and other BCCI figures controlled or partially controlled numerous other banks in the network, among them an outfit called MBank and its parent, MCorp.

    The two biggest clients of MBank (i.e. two people who helped loot the bank, as they were not expected to repay their loans) were major organized crime figure Herman Beebe and Carlos Marcello, who was then the top Mafia boss in the city of New Orleans (and the chief of La Cosa Nostra operations throughout Texas and other southern states). Another outfit in the network was Mainland Bank, which was “busted out” with help from Adnan Khashoggi, who, of course, was financed by Sheikh Mahfouz. Mainland’s top client, meanwhile, was Leonard Capaldi, whom the DOJ would later identify as a major organized crime figure and close associate of Detroit Mafia capo Tony Tocco.

    * * * * * * * * *

    Yet another bank in the network was San Jacinto Savings and Loan, which was a subsidiary of an outfit called Southmark Corporation, operated by Gene Phillips, the single most important business partner of Michael Milken, and a central player in the Milken-BCCI scheme to “bust out” the national economy.

    Southmark was the largest recipient of Milken junk bonds in the 1980s, and it was the lynchpin of the junk bond merry-go-round. Its subsidiary, San Jacinto, was one of the largest savings and loan banks in the nation, and, of course, it was “busted out” (i.e. looted and destroyed) with much of the loot going to a familiar cast of coconspirators, including Adnan Khashoggi; Sheikh Mahfouz; New Orleans Mafia boss Carlos Marcello; and the notorious mobster-oligarch Herman Beebe, who was linked to the “bust-outs” of no less than two dozen other saving and loan banks across the nation.

    The man whom Gene Phillips appointed as the chief loan officer of San Jacinto Saving and Loan was named Joseph Grosz. Aside from being a banker, Grosz was a leading mobster, affiliated with the Chicago Syndicate. As Brewton reported, San Jacinto’s parent, Southmark, was  “used as a mob dumping ground to buy the investments of mobsters,” including not only Herman Beebe and Carlos Marcello, but also organized crime figure Harry Wood, and Morris Shenker, a former lieutenant of Meyer Lansky, who was the most powerful mobster in the nation until he was replaced by Alvin Malnik. Meanwhile, in the 1980s, Malnik (the nation’s most powerful mobster) managed investments in the United States for Saudi princes involved with the BCCI enterprise (as was reported by People magazine, but not by The New York Times).

    The “bust out” of San Jacinto cost American taxpayers another two billion in bailouts, and a Department of Justice investigation determined that San Jacinto and its parent, Southmark, were key components of the nationwide network that coordinated the “bust outs” of many other savings and loan banks—namely the network that is the subject of this story, and which precipitated the savings and loan crisis that ultimately cost more than $2 trillion in taxpayer-funded bailouts. However, Lloyd Monroe, the man who led the DOJ investigation into Southmark and San Jacinto, was forced to resign from his job after complaining that top officials at the DOJ had thwarted his investigation, and neither Phillips nor any other Southmark executive was charged for their role in the savings and loan scandal.

    Presently, Phillips is still the most important business partner of Michael Milken, and most major U.S. news organizations seem to regard Phillips in the same way they regard Milken—i.e. as something of a Wall Street hero and a “prominent” fixture of the American establishment. The only exceptions are a few journalists (including Brewton) who have covered Phillips closely, and who managed to report on his activities in prominent publications in Texas, where Phillips is based. For example, the Dallas Business Journal reported in 2000 that Phillips “allegedly met with two associates of New York’s legendary Bonanno organized crime family to discuss a plan to bilk a couple of ‘very friendly’ union pension funds through the sale of inflated stock.”

    That same year, 2000, Phillips was arrested and charged with manipulating stock prices in league with other leading figures in La Cosa Nostra. More specifically, Phillips was arrested as part of Operation Uptick, which, of course, was described by FBI spokesmen as the largest Mafia bust in U.S. history. More than 120 people (including, recall, those five brokers who had worked for Gilford Securities), all with ties to organized crime, were arrested in Operation Uptick, and FBI officials described them as being part of a nationwide “network” of stock manipulators, some of whom had committed various other crimes, which included (according to an FBI statement):  “controlling and infiltrating broker-dealers…and employing tactics of violence, including threats, extortion, physical intimidation, and the solicitation of murder…”

    Some of the 120 people arrested in Operation Uptick were members of Russian organized crime syndicates, while others were, variously, described by the FBI as having ties to each of La Cosa Nostra’s five major Mafia families—Genovese, Colombo, Gambino, Bonanno, and Lucchese.  Among the 120 defendants, aside from Phillips (and aside from the five former Gilford brokers), were:  Robert “Little Robert” Lino, a capo in the Bonanno crime family; Anthony Stropoli, a soldier in the Colombo crime family; Frank “Frankie” Persico, a Colombo Mafia capo; Sebastian “Sebbie” Rametta, an associate of the Colombo crime family; Robert Gallo, an associate of the Genovese crime family; and John Black, an associate of the Lucchese crime family.

    The DOJ charged that Phillips, in league with various members of La Cosa Nostra, had manipulated the stock of one of his companies, an outfit called Transcontinental. Aside from Phillips, the largest shareholder in that company was Michael Milken, who, of course, was Phillips’ most important business partner, known to readers of The New York Times only as a “prominent” fixture of the American establishment who was (at this time in 2000, according to the Times) focused principally on “philanthropic” activities. (See my book “The Dendreon Effect” if you wish to learn how Milken uses his “philanthropy” to manipulate stocks of pharmaceutical companies and to suppress promising medical treatments developed by companies that he and others with ties to organized crime are trying to destroy for profit.)

    The New York Times has yet to report that Phillips was arrested as part of the largest Mafia bust in FBI history, and nor has The New York Times ever reported that the Mafia has a large presence on Wall Street.

    The Wall Street Journal did report that Phillips had been arrested, but The Journal provided nothing at all in the way of detail about the ties between Phillips and the Mafia, much less about his earlier central role, along with leading mobsters and BCCI, in the savings and loan scandal (i.e. in the “bust out” of the American economy). Instead, The Journal simply noted that Phillips had been arrested “in a sweeping case alleging organized crime influence on Wall Street,” and then described some Phillips businesses in relatively benign terms. However, the author of The Wall Street Journal article did note that when he tried to interview Phillips, he not only found Phillips uncooperative, but was told by Phillips: “You’re not supposed to be talking to me. You’re going to get buried.”

    * * * * * * * * *

    A few weeks after the Wall Street Journal story was published, Phillips was acquitted on all counts. Most of the mobsters arrested in Operation Uptick also did not do jail time, and as I noted earlier, most of them remain in business today. More specifically, they are involved with a nationwide network of brokerages, and as we will see, this network of brokerages (though the brokerages have changed their names, and there are some new editions) is essentially the reincarnation of the network that BCCI and leading organized crime figures established in the 1980s.

    As we know, the global network of brokerages linked to BCCI in the 1980s specialized in “busting out” small and medium-sized public companies. It should be added, though, that the establishment of this global network of brokerages was not unrelated to BCCI’s other ventures, including its involvement in the schemes to “bust out” savings and loan banks. Some of the brokerages in the global network were established as subsidiaries of the savings and loan banks that had been seized by BCCI and/or BCCI’s confederates, the most prominent confederate being, of course, Michael Milken (then the most powerful man on Wall Street).

    Later chapters of this series will discuss the global network of brokerages in more detail, but to cite just one more example, a BCCI affiliate called the Saudi European Corp. and Michael Milken, among others, including Sheikh Mahfouz, gained control over a savings and loan operation called MDC Holdings. The ultimate goal, of course, was to “bust out” MDC Holdings, and, of course, that is ultimately what happened. But like the other savings loan banks in the network, MDC Holdings was, for a time, made to appear like a healthy and going concern, utilizing all of the methods that we have already discussed.

    In other words, MDC Holding was a key component of Milken’s junk bond merry-go-round; it was a key recipient of the “brokered deposits” delivered by the organized crime figure and Khashoggi partner Mario Renda; and it was a key link in the “daisy chain” that saw all of the banks and miscreants in the network lending money back and forth to each other.

    In addition, MDC Holdings counted among its subsidiaries a brokerage called Blinder Robinson, which was so notorious that it was known on the Street as “Blind’em and Rob’em.”

    The eponymous head of Blinder Robinson was Meyer Blinder, whose diamond-encrusted pinky ring and thick, gold chains marked him as one among the new breed of financial operators who had descended upon Wall Street. Blinder was indicted in 1989, but he did only 39 months in prison, and was back in business upon his release. And, of course, Blinder was treated generously by the major U.S. news organizations, including our favorite, The New York Times, which published a 2004 obituary marking the death of Meyer Blinder—an obituary that we should briefly review because its omissions are related to the omissions in the Sheikh Mahfouz obituary, to which we will return momentarily.

    * * * * * * * * *

    Upon the death of Meyer Blinder, The New York Times reported that Blinder had been the “King of Penny Stocks,” and the Times described Blinder’s “penny stock” business as follows:  “Keep pushing the stock up, moving it from hand to hand at higher prices until the ‘story’ behind the stock wears thin. Then just walk away from it.”  The Times added that Blinder had been charged with nothing worse than selling stock at “markups that were above the allowed 10 percent.” In addition, The Times reported that Blinder had always warned that “everybody who gambled on penny stocks knew the risk,” and The Times seemed to agree with that statement (the suggestion being that the investors in penny stocks were suckers who deserved what they got when Blinder and his confederates stole all their money).

    It was not, of course, the case that Blinder’s outfit simply kept “pushing the stock up” until it came time to “just walk away from it.”  Nor was it the case that ordinary investors were fully aware of the risk. Blinder’s brokerage, like others in the network, perpetrated “pump and dump” frauds, the most important component of which was not the “pump,” but rather than “dump” and the accompanying manipulative short selling that sent stocks into death spirals, with the stocks hitting zero before ordinary investors could become even remotely aware that they were being fleeced. That is why the operation was called “Blind’em and Rob’em,” though The New York Times did not report that, and The Times did not report that the “Blind’em and Rob’em” schemes had “busted out” (i.e. destroyed) at least a hundred publicly listed companies over the course of its amazing crime spree.

    Among the miscreants who manipulated stocks in league with Blinder Robinson were (according to various indictments) Thomas Quinn and Arnold Kimmes who (as we know) had operated a number of other BCCI-linked brokerages. Quinn, recall, was an associate of the Genovese Mafia family, while Kimmes had been identified in a 1973 FBI report as a “major organized crime figure.” When Kimmes was indicted, he escaped prison by ratting on Meyer Blinder. In 2000, Richard Walker, then the SEC’s director of enforcement (who had failed, for the most part, to take any enforcement actions in this regard), gave testimony to Congress in which he described Blinder Robinson as being part of a network of brokerages that were tied to organized crime. The New York Times, of course, reported none of this.

    The Times, did, however, report (approvingly) that Blinder had “raised more than $200 million for starting and nurturing businesses.”  More specifically, he raised $200 million to seize control of businesses that he and others subsequently “busted out,” but the Times left that part out, and concluded its story by informing its readers that Blinder’s “generosity to charities like the Denver’s Children’s Hospital was well known.”  And that was it. All the news that was fit to print, according to the Times, which did not see fit to print anything close to quantifying the damage that Blinder Robinson had inflicted on the global financial system, much less the fact that it had done so in league with BCCI and a host of mobsters and terrorist financiers who were involved with the larger BCCI enterprise.

    * * * * * * * * *

    One of Blinder Robinson’s key principals in the 1980s was a fellow named Amr Ibrahim Elgindy, and later chapters of this series will be devoted entirely to discussing Amr Ibrahim (a.k.a. Anthony) Elgindy because he later established a short selling syndicate that remains in operation today, though Elgindy himself was, in 2005, sentenced to 11 years in prison on charges of securities fraud and bribing FBI agents to provide him with confidential information about government investigations into companies that his short selling crew had targeted for destruction.

    During his 2004-2005 trial, prosecutors stated that Anthony Elgindy had ties to Al Qaeda, and that he might have traded ahead of his advance knowledge of the September 11 conspiracy.

    In support of their contention that Elgindy had ties to Al Qaeda, the prosecutors began by noting that Elgindy had delivered large sums of money to an outfit called Mercy International, but at this point the judge cut off the prosecutors and forbade them from any further discussion of Elgindy’s ties to terrorism. According to the judge, linking Elgindy to terrorists would bias the jury, which was a bit like saying that it would be unfair to discuss a criminal’s ties to the Mafia, but the major U.S. news organizations seemed to agree with the judge. The New York Times published a story casting doubt on the prosecution’s contention that Elgindy had ties to terrorism, and The Wall Street Journal not only reported that the prosecution had unfairly biased the jury by mentioning terrorism, but published a long story strongly suggesting that it would be unfortunate if Elgindy were to be sentenced to prison at all.

    Again, later chapters of this series will be devoted entirely to the true story of Anthony Elgindy and his short selling syndicate, but for the purposes of this chapter it is enough to know that Elgindy did, in fact, have ties to terrorists, and it is possible that he developed these relationships while working for the BCCI-linked Blinder Robinson. It is also possible that prosecutors were cut off by the judge when they began to discuss Elgindy’s ties to Mercy International because at that time the Department of Justice and other U.S. government agencies were not keen for the public to know about Mercy International’s ties to terrorism. Indeed, officials in Washington were going to some lengths to cover-up Mercy International’s ties to terrorism, and though it is not clear why they were doing so, it is noteworthy that Mercy International was co-founded by people who had formerly been involved with the BCCI enterprise.

    One of Mercy International’s co-founders was Sheikh Mahfouz, who, of course, was one of the most “prominent” bankers on the planet and a business partner of numerous “Washington insiders.” Another of Mercy International’s co-founders was a man named Abdurrahman Alamoudi, who was the scion of one of Saudi Arabia’s wealthiest families, a resident of the United States, and an honorary member of the American establishment. Mr. Alamoudi had contacts at the highest levels in Washington, and for a time during the 1990s, he worked in the White House as an advisor (on Middle Eastern affairs, terrorism, etc.) for President Bill Clinton.

    In addition, Mr. Alamoudi (Elgindy’s close associate) was one of the most important figures in Osama bin Laden’s organized crime (and terrorism) syndicate. (Osama bin Laden’s outfit, of course, is usually referred to as “Al Qaeda,” and I will continue to use that term in contexts where it has been used by U.S. officials, but it should be recalled that Osama bin Laden himself never used the term “Al Qaeda” until long after U.S. officials invented the name and inserted it into the public lexicon. As we know from earlier chapters of this series, Osama bin Laden was, prior to September 11, 2001, better known as a leading figure in the Muslim Brotherhood and chairman of a Muslim Brotherhood outfit called the Islamist International).

    In 2003, Mr. Alamoudi (co-founder of Mercy International, and one of Elgindy’s closest associates) was arrested at London’s Heathrow airport when customs officials found that he was carrying a suitcase with a secret compartment containing $350,000 in American cash. At this point, U.S. officials went to lengths to cover-up Mr. Alamoudi’s ties to Osama bin Laden, and in 2004 (the same year when the judge prohibited prosecutors in the Elgindy trial from elaborating on Mercy International and Elgindy’s ties to terrorism), the Department of Justice issued a press release stating that Mr. Alamoudi was a Saudi “dissident” who had been indicted for illegal financial transactions with the government of Libya, and who had been involved in a conspiracy to assassinate the crown prince of Saudi Arabia, described by the DOJ press release as “an important ally in the war on terror.”

    Subsequently, many news organizations (citing U.S. officials who wished to remain anonymous, perhaps because no U.S. official wished for his name to be attached to this outlandish story) reported that the conspiracy to assassinate the crown prince of Saudi Arabia had been hatched by Moammar Qadaffi, then leader of Libya, and that it was Qadaffi himself who had delivered the suitcase full of cash to Mr. Alamoudi, who was to use the cash to finance the assassination plot. Like the DOJ, the major news organizations reported that Mr. Alamoudi was a Saudi “dissident,” and that other unnamed Saudi “dissidents” in London were involved in the conspiracy (hatched by Qadaffi) to assassinate the crown prince. Since the major U.S. news organizations had rarely reported on “dissidence” in the context of Saudi Arabia, the implication of this big story about Mr. Alamoudi and Qadaffi was that Saudi dissidents were, as general rule, undesirables who hatched assassination plots with tyrants.

    Meanwhile, in 2004, the major U.S. news organization were reporting that the Qaddaffi regime was a leading state sponsor of terrorist organizations, including Al Qaeda, and that same year, 2004, The New York Times broke the big news that Qadaffi was developing a nuclear weapons program. Not long before, of course, the major U.S. news organizations (most notoriously, The New York Times) had reported that the regime of Saddam Hussein was a leading sponsor of Al Qaeda, and that Saddam was developing a nuclear weapons program, possibly with plans to deliver a nuke to Osama bin Laden.

    Meanwhile, every major U.S. news organization, including the New York Times, reported that the war on terror was necessary to defend our freedoms and democracy, and that our important ally in the war on terror was the government of Saudi Arabia (i.e. the most totalitarian state on the planet).

    It was soon learned that most everything reported by the major U.S. news organization concerning Saddam Hussein was patently false, but this did not result in much introspection on the part of the major U.S. news organizations, including The New York Times, whose star reporter, Judith Miller, it was revealed, had done nothing more than take dictation for the White House. And after the stories about Saddam Hussein were shown to be false, the major U.S. news organizations continued to report essentially the same party line, which was that U.S. troops in Iraq were fighting an alliance of Al Qaeda and Saddam Hussein loyalists, and that this was a war in the name of freedom and democracy.

    Some years later, in 2011, The New York Times and other major U.S. news organizations reported that President Barrack Obama had ordered the U.S. military to go to war in support of “Arab Spring” rebels who were fighting for freedom and democracy in Libya. At this time, one important story still circulating was the story that Qadaffi had hatched a conspiracy to assassinate the crown prince of Saudi Arabia, and had delivered a suitcase full of cash to Mr. Alamoudi, a Saudi “dissident” who was to carry out the plot. In addition, nobody had forgotten that the Qaddaffi regime was a state sponsor of terrorist organization, or that Saudi Arabia was American’s “important ally in the war in on terror.”

    Moreover, it was reported that the Arab Spring rebels in Libya had received their sophisticated weaponry from Washington’s close allies, namely the governments of Saudi Arabia and Qatar (i.e. totalitarian states that apparently supported freedom and democracy in Libya).

    It is not the purpose of this story to provide all of the facts concerning the “Arab Spring” and the war on terror, but there are some facts that need to be clarified because, as we will see, these facts pertain to the present state of the global financial system. It is also necessary for us to come to terms with the fact that reporting by the major U.S. news organizations, and most notoriously The New York Times, has been not just false (as in containing errors) but precisely the opposite of the truth, and quite deliberately so. It has, indeed, become apparent that outfits like The New York Times have done nothing other than publish the eminently creepy sort of black is white, up is down, doublethink propaganda that was portrayed by Orwell in books that were, until now, presumed to be fiction. Therefore, we need to clarify the following:

    1)       Saudi Arabia is not “an important ally in the war on terror.” Saudi Arabia is the leading state sponsor of terrorist organizations, including the one called Al Qaeda.

    2)      Terrorists do not hate our freedoms. To the contrary, terrorists led the “Arab Spring” campaign for freedom and democracy. Nearly all of the “Arab Spring” rebels in Libya were members of the Libyan Islamic Fighting Group, which was the name of the Al Qaeda franchise in Libya.

    3)      As of 2004, the Qadaffi regime, like Saddam’s regime, was not a sponsor of Al Qaeda. To the contrary, Al Qaeda (i.e. the Libyan Islamic Fighting Group) was preparing to overthrow the Qaddaffi regime (with support for the regime in Washington and its totalitarian allies).

    4)      Court documents produced during the trial of Mr. Alamoudi make clear that Mr. Alamoudi did not receive his suitcase full of cash from Qadaffi, and that Qadaffi was not involved in any conspiracy to assassinate the crown prince of Saudi Arabia. Rather, Mr. Alamoudi received the suitcase full of cash from an outfit called the World Islamic Call Society. Previously, the World Islamic Call Society had been sponsored by Qadaffi, but as of 2004, when it was delivering suitcases full of cash to Mr. Alamoudi, the World Islamic Call Society was sponsored by the Saudi government, and it was (in partnership with Al Qaeda and the regime in Washington) leading the opposition to overthrow the Qadaffi regime.

    5)      After Qadaffi was deposed, Secretary of State Hillary Clinton traveled to Libya, where she spent most of her time in the offices of the World Islamic Call Society. Clinton congratulated the World Islamic Call Society for leading the opposition against Qadaffi, but she did not repeat the fact that the World Islamic Call Society also delivered suitcases of full of cash to Mr. Alamoudi, an Al Qaeda operative who formerly worked in the White House for Clinton’s husband, then President Bill Clinton. In addition, Clinton said nothing more about the fabricated story about Mr. Alamoudi being a “dissident” but nor did she correct the fabricated story about Qaddafi’s supposed involvement in a conspiracy to assassinate the crown prince of Saudi Arabia.

    6)      Mr. Alamoudi was not a Saudi “dissident.” To the contrary, he was among the co-founders of numerous financial institutions, Islamic organizations, and charities (including Mercy International) all of which were sponsored by the Saudi royal family, and some of which were also sponsored by the regime in Washington. In addition, of course, Mr. Alamoudi (who had, at various times, been employed not only by the White House, but also by other U.S. government agencies) was one of the most important figures in Osama bin Laden’s terrorist organization (whose leading sponsor was the Saudi royal family).

    7)      U.S. officials had known that Mr. Alamoudi had ties to Osama bin Laden since at least 1993 (while Mr. Alamoudi was working in the White House), and U.S. officials covered up this information long after Mr. Alamoudi was caught at Heathrow with his suitcase full of cash. It was not until 2005, when earnest U.S. government whistleblowers had already gone public with the information, that the U.S. Treasury Department (quietly) issued a press release (ignored by the media) reporting that Mr. Alamoudi was, in fact, one of the most important funders of Al Qaeda. Even then, the DOJ declined to charge Mr. Alamoudi with any crime related to terrorism, and instead moved ahead with the false charge that Mr. Alamoudi had received his suitcase full of cash from the government of Libya. (Mr. Alamoudi is now serving a 29 year prison sentence, but some U.S. officials say that he will be released on short order, because, after all, he is innocent of the crime for which he was charged).

    8)      Neither Qadaffi nor Saddam had any intention to provide Osama bin Laden with nuclear or other weapons of mass destruction. However, in 2001, earnest FBI agents announced that at outfit in Chicago called Benevolence International (described by the earnest FBI agents as an “Al Qaeda front”) had worked with a Chechen organized crime (and terrorism) syndicate to obtain a nuclear bomb for Osama bin Laden. One of the Chechens in that syndicate, Shamil Basaev, had once planted radioactive materials in a Moscow park and informed the Russian police that he had done so, promising that next time it would be exploded as a so-called “dirty” nuclear device.

    9)      Benevolence International was co-founded by prominent Saudi billionaires, some of whom, including Sheikh Mahfouz and Mr. Alamoudi, had formerly been involved with the BCCI enterprise. Its overseas offices, including its office in Chechnya, were managed by top Al Qaeda operatives. However, neither Benevolence International nor any of its principals were ever charged with any crime related to terrorism or trying to obtain nukes for Osama bin Laden. Benevolence International remains open for business today. It is headquartered in Chicago, and partly funded by the U.S. government.

    10)   The U.S. government also sponsored the leaders of that same Chechen organized crime syndicate, which was (in addition to being an organized crime syndicate) a terrorist organization trained by Osama bin Laden & Co, though the New York Times reported that those same Chechens were freedom fighters interested only in obtaining Chechen independence from Russia.

    All of which brings us back to Anthony Elgindy.

    * * * * * * * * *

    As we know, Elgindy’s prosecutors began to argue that Elgindy had ties to terrorism and advance knowledge of the September 11 conspiracy, but the judge forbade the prosecutors from further discussion of Elgindy’s ties to terrorism soon after the prosecutors mentioned that Elgindy had delivered a large sum of money to an outfit called Mercy International. We also know that Mercy International was co-founded by prominent Saudi billionaires, among them Sheikh Mahfouz and Mr. Alamoudi, some of whom were previously involved with the BCCI enterprise. At the time of Elgindy’s trial in 2004, U.S. officials were not keen for the public to know much about Mercy International, and, of course, U.S. officials were covering up the fact that Mr. Alamoudi was a key figure in Osama bin Laden’s terrorist organization.

    Meanwhile, earnest U.S. government investigators had learned that another of Mercy International’s co-founders had been none other than Osama bin Laden. In addition, earnest U.S. government investigators had linked Mercy International to the following: 1) Ramzi Yousef, said by U.S. officials to have been the “mastermind” of the 1993 World Trade Center bombing; 2) the terrorists who carried out the simultaneous 1998 bombings of two U.S. embassies in Africa; 3) Khalid Sheikh Mohammed, alleged “mastermind” of the September 11 conspiracy (and uncle of Ramzi Yousef).

    The top official in Mercy International’s Pakistan office was Zaid Sheikh Mohammed (brother of Khalid and uncle of Ramzi). Back in 1998, meanwhile, earnest FBI agents also linked Mercy International (and the Chicago based Benevolence International) to a Chicago company called Global Chemical, which was (according to the earnest FBI agents) in the business of manufacturing explosives and chemical weapons for Osama bin Laden.

    However, neither Mercy International nor any of its principals has ever been charged with any crime related to terrorism, and Mercy International remains in business to this day. In addition, Mercy International has tax-free status as a “charity.” But we, the people, do not have tax-free status. We pay taxes, and the regime in Washington uses some of our taxes to fund…Mercy International. I will repeat: the government of the United States has for many years been funding an outfit—Mercy International—that was co-founded by Osama bin Laden.

    Global Chemical is still doing business in Chicago as well, though it is unclear whether it is still manufacturing chemical weapons for terrorists.

    Anthony Elgindy, as I mentioned, is presently serving an 11 year sentence on charges of securities fraud and bribing FBI agents (he is expected to be released from prison this year, 2013, having served only eight years). However, Elgindy is in prison thanks only to the perseverance of a few honest FBI agents, his prosecutors (who were lambasted for linking Elgindy to terrorism), and most of all, a businessman whose company was destroyed by Elgindy’s short selling syndicate. After his company was destroyed, the businessman (who would later do work for DeepCapture, the website you are now reading) discovered that Elgindy operated a private internet chat site on which he, Elgindy, and other short sellers plotted and coordinated their short selling attacks on public companies.

    Having made this discovery, the businessman secretly gained access to Elgindy’s private internet chat site and hired a secretary to work full-time printing out transcripts of the conversations that Elgindy and his short selling crew were having on that chat site. Soon enough, these transcripts were so numerous that they filled the businessman’s garage. In addition, the transcripts provided clear evidence of multiple crimes in progress, and so the businessman handed the transcripts over to some earnest FBI agents, who discovered not only that Elgindy had at least two FBI agents on his payroll, but also that Elgindy and his short selling crew had “busted out” (i.e. destroyed) at least two hundred publicly listed companies. If it were not for those transcripts, it is doubtful that Elgindy would ever have been indicted.

    In addition, as I noted, few of the other people involved with Elgindy’s short selling syndicate were ever charged with any crime. It is unclear why they were not charged with any crime, but it is worth recalling that a few top FBI and DOJ officials were responsible for covering up the BCCI scandal and related scandals, such as Iran-Contra and the employment as U.S. government agents of various global terrorists (e.g. Abu Nidal and Monzer al-Kassar) who had involvement with the BCCI enterprise. As we will see, some of those same officials (including the FBI’s chief of counter-terrorism; the chief of the FBI’s organized crime task force; and the director of the FBI) subsequently became employed by people who were key figures in Anthony Elgindy’s short selling syndicate.

    * * * * * * * * *

    It is also worth recalling that soon after BCCI collapsed in 1991, a Muslim Brotherhood leader (and Sudanese government official) named Hasan al Turabi established the Islamist International, appointing Osama bin Laden to serve as chairman. Recall also that Osama bin Laden’s first order of business as chairman of the Islamist International was to assist a Muslim Brotherhood initiative—known as “The Financial Jihad”—to replace the BCCI enterprise with a global financial network that would exceed the BCCI enterprise in scope and destructive power.

    Yossef Bodansky, then director of the House Task Force on Terrorism, reported (in a 2000 book on Osama bin Laden): “The collapse of BCCI…could not have come at a worse time…. Turabi [and the Islamist International] urgently needed an expert to salvage whatever was possible and rebuild a global financial system [to replace the BCCI enterprise]. By then Osama bin Laden was the most qualified individual in Khartoum to untangle this financial mess. In late summer 1991, Turabi approached bin Laden and asked for help.”

    Osama bin Laden agreed to help—and he pursued his task with enthusiasm. By 2000, he had successfully rebuilt “a global financial system,” and he had done more than merely replace the BCCI enterprise. He and other Muslim Brotherhood oligarchs more important than him had built what was, without doubt, one of the greatest financial empires the world had ever known. And it was not only one of the most powerful financial empires on the planet, but also one the world’s leading transnational organized crime syndicates, involved in all of the activities—from narco trafficking and the smuggling of radioactive materials, to terrorism and the perpetration of destructive financial crime—that characterized the BCCI enterprise of the 1980s.

    Linked to this financial empire was Anthony Elgindy’s short selling syndicate.

    Elgindy’s private internet chat site for short sellers was hosted by a company called Infocom, which had been founded by a man named Mousa Abu Marzook. Although Marzook was best known as the political chief of Hamas, responsible for the notorious Hamas death squads, he was also a key figure in the Islamist International, the chairman of which was, of course, Osama bin Laden. In 1993, earnest FBI agents had linked Marzook to the bombing that year of the World Trade Center, and in 2000, the director of the House Task Force on Terrorism reported that Marzook was among the terrorists who were, along with Osama bin Laden and other key figures in the Islamist International, planning to perpetrate a “spectacular” terrorist attack inside the United States.

    However, Marzook remained a free man, traveling often to the United States.

    In addition to being a global terrorist, Marzook was a prominent banker and the co-founder of numerous financial institutions. For example, Marzook co-founded an outfit called Al Aqsa Bank, which operated a joint venture in the United States with Citibank until 2011, when Al Aqsa Bank collapsed. Marzook was also a co-founder of a major financial institution in Geneva called Bank al Taqwa and its U.S. affiliate, an outfit called BMI, Inc., which was itself a sizeable financial institution (and an investor in Global Chemical, the outfit in Chicago that was manufacturing chemical weapons for Osama bin Laden).

    Among the other co-founders of Bank al Taqwa and BMI, Inc. were Mr. Alamoudi (a key figure in Osama bin Laden’s organization), the Blind Sheikh (a global terrorist and banker who was linked to the 1993 bombing of the World Trade Center, and who also co-founded Faisal Islamic Bank, formerly the most important affiliate of BCCI), a Muslim Brotherhood oligarch and Islamist International banker named Yasin al Qadi (later described by the U.S. Treasury Dept. as a “Specially Designated Global Terrorist”),  several of Osama bin Laden’s family members (all of them members of “Al Qaeda”), and multiple other  global terrorists.

    In 1999, Bank al Taqwa established the Islamic Cultural Center, later said by the U.S. Treasury Department to be “Al Qaeda’s main operating base for the movement of men, weapons, and money around the world.” That same year, 1999, Bank al Taqwa was linked to the Bank of New York scandal, which saw the Bank of New York (and Bank al Taqwa) laundering upwards of $10 billion for (among others) Russian organized crime syndicates. Numerous people linked to the Bank of New York scandal (e.g. Marc Rich, Gene Phillips, Michael Milken, Abbas Gokal, Adnan Khashoggi, and several of Bank al Taqwa’s co-founders, among others to be discussed) were formerly involved with the BCCI enterprise. In addition, that money laundering involved pump and dump schemes, with much of the manipulative short selling on the “dump” end of the schemes perpetrated by Anthony Elgindy’s short selling syndicate.

    See Chapter 1 of this series for a fuller description of how pump and dump schemes and manipulative short selling are deployed for the purpose of money laundering, but the short version is that dirty money is invested in target companies , and comes out partially clean in the form of short selling profits, which are delivered onwards to cooperative financial institutions (such as Bank al Taqwa and the Bank of New York). In a variation on the same theme, money is invested in a company as “death spiral” finance (see chapter 1 of this series), which causes the company’s stock price to fall, at which point affiliated short sellers attack the stock, triggering a “death spiral.”

    In both scenarios, the target companies are destroyed (i.e. busted out), and again, Elgindy’s short selling crew “busted out” at least 200 publicly listed companies in the United States.

    Lawyers for some of these victim companies have assembled evidence that Elgindy and his short selling syndicate perpetrated a number of “bust outs” in league not only with Bank al Taqwa, but also with a major investment fund called Faisal Finance, which provided the victim companies with death spiral finance. Faisal Finance was a subsidiary of a Muslim Brotherhood outfit in Geneva called Dar al Maal al-Islami, which was (and is) one of the largest financial institutions on the planet, boasting partnerships with some of Wall Street’s most notorious brokerages and investment houses.

    One person who helped build Dar al Maal al-Islami into one of the largest financial institutions on the planet was none other than Osama bin Laden. In addition, Osama bin Laden founded at least one of Dar al Maal al-Islami’s subsidiaries, a bank in Sudan called al Shamal, and he had involvement with Faisal Finance, the outfit that was dealing with Elgindy’s short selling syndicate.

    The most important of Faisal Finance’s principals (and a board member of both Faisal Finance and Dar al Maal al-Islami) was Yasin al Qadi, the Muslim Brotherhood (and Islamist International) figure who was among the co-founders of Bank al Taqwa. After the September 11 attacks of 2001, the U.S. Treasury Department reported that Yasin al Qadi had funded Osama bin Laden through Faisal Finance. In addition, Yasin al Qadi became one of only a few dozen people (another being Marzook, owner of the company that hosted Elgindy’s private internet chat site for short sellers) whom the Treasury Department labeled as “Specially Designated Global Terrorists.”

    In explaining why Yasin al Qadi had been named a “Specially Designated Global Terrorist,” the Treasury Department noted not only that he had co-founded Bank al Taqwa (which established “Al Qaeda’s main operating base in Europe”), and not only that Osama bin Laden had dealings with Yasin al Qadi through Faisal Finance, but also that Yasin al Qadi had operated an “Al Qaeda front” called the Muwafaq Foundation. The man who founded the Muwafaq Foundation was Sheikh Mahfouz, who had been one of Yasin al Qadi’s most important business  partners since BCCI days. In addition, of course, Sheikh Mahfouz co-founded Mercy International and other “Al Qaeda fronts.”

    However, Sheikh Mahfouz was never charged with any crime related to terrorism. Nor was Yasin al Qadi charged with any crime related to terrorism, and nor were any of three dozen or so other bankers labeled as “Specially Designated Global Terrorists” ever charged with any crime related to their banking or their status as “Global Terrorists.” Meanwhile, neither Faisal Finance nor Bank al Taqwa nor BMI Inc. nor Dar al Maal al-Islami nor any of their other principals nor any other bank has ever been charged for doing business with Osama bin Laden, and nobody has ever been charged for establishing an “Al Qaeda front” or establishing chemical weapons factories for terrorists, or establishing “Al Qaeda’s main operating base in Europe for the movement of men, weapons, and money around the world.” (that operating base is still in business, though most of the men are now Arab Spring freedom fighters).

    In addition, with the exception of Anthony Elgindy, no terrorist financier has ever been charged with any crime related to their perpetration (in partnership with prominent American oligarchs) of destructive financial schemes that have wrought havoc on the American markets.

    * * * * * * * * *

    Earnest Treasury officials and FBI agents exposed numerous “Al Qaeda fronts” and named a select number of bankers as “Specially Designated Global Terrorists” as part of Operation Green Quest, which was billed by FBI Director Robert Mueller as the largest law enforcement effort ever undertaken by any nation or combination of nations in the entire history of the world. As of 2002, thousands of earnest U.S. government investigators were employed by Operation Green Quest, which was led by the Treasury Department, with important supporting roles played by the FBI and other government agencies.

    Operation Green Quest was focused largely on what earnest government investigators described at the time (see Chapter 2 of this series) as the “Safa Group,” or sometimes the “SAAR Network”—a global network of interconnected Islamic organizations, “charities” (e.g. Mercy International, Benevolence International, and many others), investment funds, brokerages, and financial institutions, all of which were linked to Osama bin Laden and other terrorists. In fact, U.S. officials had been aware of this global network for many years, and information about some components of the global network had long been part of the public record.

    In his 2000 book on Osama bin Laden, Bodansky (then director of the House Task Force on Terrorism) had, of course, noted that Osama bin Laden had played a key role in building global network—and the network described by Bodanksy was essentially the same thing as the “SAAR Network” that would later become a principal focus of Operation Green Quest. Bodansky also reported (in 2000) that the financial network organized by Osama bin Laden and his billionaire associates, along with other Muslim Brotherhood leaders and terrorists who were key figures in the Islamist International, stretched from the Middle East, Pakistan, and Sudan to Geneva, Antwerp, the Bahamas—and onwards to Wall Street.

    Meanwhile, as noted by the director of the House Task Force on Terrorism in 2000, the Muslim Brotherhood, working with Osama bin Laden, had  “gained control and influence over several major Islamic financial institutions operating in the West, such as the Islamic Holding Company, the Jordanian Islamic Bank, the Dubai Islamic Bank, the Taqwa Bank (a.k.a. Bank al Taqwa, which had established “Al Qaeda’s main operating base Europe”), and Faysal Islamic Bank.”

    Faysal [a.k.a. Faisal] Islamic Bank, we know, had formerly been the most important affiliate of the BCCI enterprise. It was, recall, co-founded by the Blind Sheikh (a key figure in the Islamist International, linked to the 1993 World Trade Center bombing) and a Saudi prince named Mohammed bin al-Faisal. After BCCI collapsed in 1991, Faisal Islamic Bank was folded into Dar al Maal al-Islami, which, we know, soon became one of the largest financial institutions on the planet, and which counted among its subsidiaries a  bank that was founded by Osama bin Laden, and other financial firms that did extensive business with Osama bin Laden. Also involved with Dar al Maal al-Islami, of course, was Prince Mohammed and other members of the Saudi royal family, including Prince Mohammed’s brother, Prince Turki bin al-Faisal, who served as the chief of Saudi intelligence from 1977 until 2001, when he resigned just a few weeks before the September 11 attacks. (Prince Turki subsequently became Saudi ambassador to Washington).

    The party line put forth by the New York Times and other major U.S. news organizations maintains that the Saudi government disowned Osama bin Laden and stripped the terrorist leader of his Saudi citizenship in the mid-1990s, which was when Osama bin Laden began issuing manifestos denouncing the corruption of the Saudi royal family. That might be true, so far as it goes, and it is certainly true that Osama bin Laden often railed against the corruption of the Saudi royal family, but it also true that Osama bin Laden had eminently close (and corrupt) relationships with at least one faction of the Saudi royal family, and more particularly with the faction of the royal family (including Prince Turki, chief of Saudi intelligence) that had previously been involved with the BCCI enterprise.

    Moreover, the party line fails to take into account that while these Saudi princes denounced Osama bin Laden’s violent terrorism, they fully sponsored his more important mission—the mission to build a global financial network.  Indeed, these Saudi princes were, of course, business partners of Osama bin Laden. In addition, Prince Turki, chief of Saudi intelligence, was fully supportive of Osama bin Laden’s business dealings with a close knit group of Saudi billionaires, including Sheikh Mahfouz, who regarded themselves as servants of the Saudi royal family. We might also consider that Washington regarded these business relationships as being kosher, or so it would seem given that Osama bin Laden’s business partners continued to receive VIP treatment in Washington long after earnest U.S. government officials exposed the relationships.

    Meanwhile, as the director of the House Task Force on Terrorism noted in 2000, the Pakistani government had “agreed to expand the use of Karachi as a center for the clandestine financing of the international Islamist movement. To be managed by Osama bin Laden, the new financial system would be based on a wide network…to conceal the flow of cash to the various terrorist networks in the West.” Towards this end, and with the endorsement of the Pakistani government, “the Karachi center linked up with numerous Pakistani landowners, financial companies, and business people close to narcotics circles to utilize their international financial relations and contacts…”

    Most of those “business people close to narcotics circles” had previously been involved with the BCCI enterprise, and though we will meet all of them in due course, it is, for now, enough to know that the most important of them was a man named Dawood Ibrahim who was (and is) much more than just your average businessman close to narcotics circles. He has regularly featured on Forbes magazine’s list of the “50 Most Powerful” people in the world, and he is the single largest trader on the Karachi stock exchange. In addition, he is one of the biggest (and most destructive) traders on U.S.  stock exchanges, and we will see that he continues to this day to have extensive business with Wall Street brokerages and investment houses. In addition, Ibrahim is dangerous mobster, a global terrorist, and a Pakistani intelligence asset who operates an organized crime (and terrorism) syndicate called D-Company (which is, in turn, closely intertwined with others of the world’s organized crime and terrorism syndicates).

    Dawood Ibrahim and D-Company have been linked to multiple terrorist atrocities, including the 2008 assault that saw terrorists storming luxury hotels and a synagogue in Mumbai, and then systematically murdering 175 people, seven of them Americans, one a girl only 13 years old. For a time in 2002, Dawood Ibrahim was the only person in the world listed by the U.S. government as both a “Global Narcotics Kingpin” and a “Specially Designated Global Terrorist” though he was hardly the only person who deserved both those appellations, and the U.S. government no longer applies them to Dawood Ibrahim. Presently, Ibrahim resides quite openly in Karachi, with the protection of Pakistan’s intelligence service, and he travels often to the United States, where he conducts his business unmolested by the homeland security apparatus (which is apparently more interested in harassing law-abiding Americans).

    In addition, of course, the U.S. government knew long before September 11, 2001, that Osama bin Laden had, with the help of Dawood Ibrahim and others, established the “Karachi center.” Meanwhile, Prince Turki and other Saudi royals were fully on board with the plan for Osama bin Laden and prominent narco-oligarchs to establish a financial network in Karachi. In addition, the chief of Saudi intelligence, though he publicly denounced violent terrorism, informed the Pakistani government that the Karachi financial network (which was, in turn, linked to the global network that had been established earlier) could use Saudi financial institutions to finance terrorist operations, including operations inside the United States.

    Bodansky (then director of the House Task Force on Terrorism) wrote in 2000 that Prince Turki was not initially aware that Osama bin Laden had been assigned to run the Karachi-based financial network, but “when Riyadh was later informed of bin Laden’s role in the Karachi center, Prince Turki ignored the information and continued to allow the use of Saudi financial institutions [to support the Islamist International’s terror network].”

    As the director of the House Task Force on Terrorism also reported in 2000, Osama bin Laden, in assembling a global financial network, collaborated closely with what he and others in the Islamist International referred to as “The Brotherhood Group,” a close-knit network of no less than 130 extremely wealthy financial operators in the Persian Gulf states. The director of the House Task Force reported further that: “The key members of the Brotherhood Group have a well-known and established financial presence in the West—sixty five of them have major companies and businesses in the United States.”

    One of the most important people in “The Brotherhood Group” was Sheikh Mahfouz, who, of course, was also one of the billionaires (see Chapter 2 of this series for the names of others) whom Osama bin Laden referred to as his “Golden Chain.” Other people in the “Brotherhood Group” were prominent bankers who had, like Sheikh Mahfouz, previously been involved with the BCCI enterprise. Among them were key BCCI figures Adnan Khashoggi, Sheikh Abdullah Taha Baksh, Gaith Pharoan, Yasin al Qadi, Mr. Alamoudi and others who were, like Sheikh Mahfouz, important business partners of “Washington insiders.” It should be noted further that U.S. officials had been well aware that these billionaires were building a global financial network with Osama bin Laden since the 1980s, but they (with help from a cooperative media) sought to keep the information hidden from the American public (though the information can, with some effort, now be found in the public record).

    * * * * * * * * *

    To the extent that some of the facts have reached the public, the facts have been distorted by what seem to have been carefully orchestrated disinformation campaigns. Typically, these disinformation campaigns see prominent American pundits with ties to the regime in Washington coming forward with some pertinent facts, but presenting the facts in such as way as to distort the larger picture.

    For example, there has been much discussion among American pundits about a report that French intelligence had monitored a meeting that Osama bin Laden’s chief financial officer held with Prince Turki (chief of Saudi intelligence) and leading Saudi billionaires at the Royal Manceau hotel in Paris. This meeting took place in 1996, two years after the Saudis had ostensibly requested Osama bin Laden’s extradition from London (yes, Osama bin Laden resided for a time in London), and the same year that the Saudis had ostensibly requested the government of Sudan to “expel” Osama bin Laden (with “expel” being something altogether different from “arrest” or “prosecute”).

    One of the billionaires in attendance at this meeting was Sheikh Mahfouz. Other billionaires who attended the 1996 meeting with Osama bin Laden’s chief financial officer (according to the French intelligence report) were Adnan Khashoggi, Abdullah Taha Baksh, and Gaith Pharoan, all of whom, we know, had been key figures in the BCCI enterprise during the 1980s. Which is important information, except that the information was delivered in such a way as to obscure the truth.

    In other words, it was widely reported that the meeting in Paris was monitored by French intelligence, and that a French intelligence report concluded that the Saudi billionaires and Prince Turki attended this meeting only “to determine who would pay how much to Osama bin Laden.”  In addition, the French intelligence report stated that the payments to Osama bin Laden were “not so much an act of support but protection—a payoff to keep the mad bomber away from Saudi Arabia.”  And thanks to this report, that has remained the official party line: any payments by Saudi billionaires to Osama bin Laden were nothing more than protection money paid by people worried that the “mad bomber” would attack them.

    But, of course, the party line is pure nonsense.

    All of the billionaires who attended that meeting (and no doubt many similar meetings besides) did not merely deliver protection money to Osama bin Laden. They were also important business partners of Osama bin Laden. And they were business partners of Osama bin Laden not because he was a “mad bomber,” but because he was sophisticated financial operator who was fully capable of helping those billionaires carry out the mission (i.e. “The Financial Jihad”) to replace the BCCI enterprise with something bigger and better. Former BCCI figure Adnan Khashoggi, for one, played a key role, along with Osama bin Laden, in establishing the “Karachi center.”

    Former BCCI figure Abdullah Taha Baksh was a principal with multiple financial institutions (e.g. Middle East Capital Group, Beirut Ryad Bank) that had extensive business with Osama bin Laden, according to U.S. government investigators (though not official U.S. government spokesmen). Sheikh Baksh also had extensive involvement with Dar al Maal al-Islami, the major financial institution that was built with help from Osama bin Laden. Sheikh Mahfouz, meanwhile, operated numerous financial firms—e.g. Al Khaleejia, Saudi Sudanese Bank, and others to be discussed–that did business directly with companies that had been founded by Osama bin Laden, and which were operated by Osama bin Laden.

    National Commercial Bank (one of the largest financial institutions on the planet, founded by Sheikh Mahfouz and his family) also had business with Osama bin Laden.

    In addition, these billionaires and others were, of course, among the principal sponsors of the Islamic organizations, charities, and other financial entities that were part of the “SAAR Network.”  Sheikh Mahfouz, we know, founded the Muwafaq Foundation, said by the U.S. Treasury Department to be an “Al Qaeda” front. He was a co-founder of Benevolence International, said by earnest FBI agents to be an “Al Qaeda front.” And he was among the co-founders of Mercy International, which was an Al Qaeda front, albeit one that was also funded by the regime in Washington.

    Sheikh Mahfouz and other billionaires (e.g. Khashoggi, Sheikh Baksh, Yasin al Qadi, Mr. Alamoudi, and others to discussed in Chapter 2 of this series) were also the principal sponsors of numerous other SAAR Network entities—i.e. the entities that were, as of 2002, the principal targets of Operation Green Quest, the largest law enforcement in history.

    To cite just one more example, all of the above-mentioned billionaires were involved with an outfit called the International Islamic Relief Organization (IIRO), a “SAAR Network” entity based in the suburbs of Washington, D.C.  Among the board members of the IIRO were Mr. Alamoudi (a key figure in Osama bin Laden’s organization) and Khalid Elgindy (brother of short seller Anthony Elgindy). Meanwhile, the IIRO’s offices in Macedonia, Kosovo, the Philippines, and Pakistan were all “Al Qaeda fronts” managed by top “Al Qaeda” operatives, according to earnest Operation Green Quest investigators and the United Nations officials, some of whom have reported that Osama bin Laden himself was an IIRO co-founder.

    As of 1999, the IIRO office in Macedonia was operated by Osama bin Laden and his deputy, Aymen al Zawahiri, who were, at the time, training the Kosovo Liberation Army from bases in Macedonia. Also in Macedonia as of 1999, working with the Kosovo Liberation Army, was Anthony Elgindy, who had taken a break from his career as a destructive short seller. Upon his return from Macedonia, Elgindy posted a letter from a Kosovo Liberation Army leader thanking him, Elgindy, for sponsoring his travels to the United States.  At the time, of course, President Bill Clinton (who then employed multiple IIRO officials, including not only Mr. Alamoudi, but also Elgindy’s brother, Khalid, in the White House) had ordered the U.S. military to go to war in support of the Kosovo Liberation Army (a terrorist organization trained by Osama bin Laden), and the IIRO was sponsored not only by the Saudis, but also by Washington.

    Two years later, of course, the September 11 attacks occurred, and Saudi Arabia became Washington’s “important ally in the war on terror.” That same year, 2001, we know, Robert Mueller (who had been appointed director of the FBI just weeks prior to the September 11 attacks) announced that Operation Green Quest was the largest law enforcement effort in history, and that its sole mission was to prosecute terrorists and the people who sponsor them. By 2002, Operation Green Quest investigators, we know,  were focused largely on the SAAR Network entities and associated billionaires, but that same year, 2002, there occurred several strange events that we should discuss because they have not been discussed by The New York Times or any other organ of state propaganda.

    * * * * * * * *

    In 2002, while the director of the FBI was still calling Operation Green Quest the largest law enforcement effort in the history of the world, an FBI special agent named Robert Wright held a press conference to announce the results of his investigations into terrorist organizations. There were not many journalists from the major U.S. news organizations at this press conference, as they were all busy writing whatever the director of the FBI had told them to write, but those who bothered to attend the press conference learned that Special Agent Wright had led some of the FBI’s most important investigations into terrorism, and concerning these investigations, Agent Wright had some important—and sad—news to report.

    Indeed, agent Wright literally broke down in tears as he announced that he and his team of FBI investigators had, in all their year of investigating terrorism, failed to apprehend or secure the prosecution of even one of the people whom they had deemed to be key figures in Osama bin Laden’s organization. And in explaining why he and the others in his FBI team had failed to apprehend any terrorists or their sponsors, agent Wright stated (and others in his FBI team would later confirm it to be true) that FBI management and the Department of Justice had  “intentionally and repeatedly thwarted and obstructed my attempts to launch a comprehensive investigation to identify and neutralize terrorists.”

    It might be worth recalling that Manhattan District Attorney Robert Morgenthau had previously alleged that FBI and DOJ management had intentionally and repeatedly “thwarted” his efforts to prosecute the BCCI enterprise. It might also be worth recalling that the DOJ official who had done most to thwart the DA’s investigation of BCCI was Robert Mueller. It was this same Robert Muller who had “intentionally and repeatedly thwarted” special agent Wright’s investigation, only to assume the directorship of the FBI just a few weeks prior to the September 11 attacks in 2001. And many of the terrorists whom Special Agent Wright and his FBI team were investigating had formerly been involved with the BCCI enterprise.

    One person whom agent Wright investigated was “Specially Designated Global Terrorist” Yasin al Qadi, whom agent Wright described as “Al Qaeda’s banker.” As agent Wright knew, Yasin al Qadi was operating an “Al Qaeda front” (the Muwafaq Foundation) that had been founded by Sheikh Mahfouz. In addition, agent Wright had investigated Bank al Taqwa and BMI Inc., the financial institutions that had been co-founded by (among others) Yasin al Qadi, the Blind Sheikh, “Specially Designated Global Terrorist” Mousa Abu Marzook (host of Elgindy’s short selling chat site), and Mr. Alamoudi (formerly White House employee and key figure in Osama bin Laden’s organization).

    As we know from earlier chapters of this series, earnest FBI agents learned in 1998 that BMI Inc. not only had partly funded the “Al Qaeda” terrorist attacks on two U.S. embassies in Africa, but also was financing Global Chemical, the outfit deemed to have ties to Osama bin Laden, and which was in the business of manufacturing explosives and chemical weapons. But, of course, neither BMI Inc. nor Bank al Taqwa (which established “Al Qaeda’s main operating base in Europe”) nor any of their principals were charged with any crime. To the contrary, FBI management deliberately “thwarted” efforts to investigate the bankers, many of whom were also terrorists.

    Meanwhile, of course, both Bank al Taqwa and BMI Inc. perpetrated a host of financial schemes that did extensive damage to the U.S. economy. We will discuss the financial schemes in greater detail, but for the purposes of our present discussion it should first be noted that BMI, Inc. was also in the mortgage business, and it had provided mortgages (at steep discounts to market price) to some of the top officials at the FBI and other government agencies in Washington. Numerous politicians on Capitol Hill were also recipients of BMI, Inc.’s discount mortgages, as was Thomas Kean, then Governor of New Jersey, and later chairman of the September 11 Commission.

    Governor Kean also sat on the boards of several companies (e.g. Hess Corp.) that had business with Sheikh Mahfouz and Mr. Alamoudi. When the September 11 Commission issued its report in 2004, the report (purportedly the product of a thorough investigation into Osama bin Laden’s terrorist organization) did not name BMI Inc. or any of its principals, including Mr. Alamoudi. In fact, the report did not identify any of Osama bin Laden’s banking partners or funders, and the report concluded that identifying the financiers of terrorism was “a matter of no importance.”

    * * * * * * * * *

    At his press conference, agent Wright, of course, noted that FBI management had deliberately “thwarted” his efforts to prosecute terrorists and their banking partners, but he also expressed some optimism. After all, Yasin al Qadi and Mousa Abu Marzook, among other banking oligarchs whom agent Wright had investigated, were, as of 2002, listed by the U.S. Treasury Department as “Specially Designated Global Terrorists” and agent Wright had reason to believe that FBI management would heed his advice to begin more vigorously to investigate the bankers/global terrorists who were key figures in Osama bin Laden’s terrorist organization. The day after agent Wright gave his press conference, however, the FBI management instead initiated a major investigation into…agent Wright.

    More specifically, FBI management initiated a so-called “Office of Professional Responsibility Investigation” into Wright. FBI management did not inform Wright what rules of professional responsibility he had violated but this investigation effectively ended Wright’s career.  As Judicial Watch, a prominent public interest group, reported at the time: “FBI Special Agent Robert G. Wright, Jr., is facing retaliatory treatment from FBI management for telling the truth about dereliction of duty and negligence within the FBI.”

    Meanwhile, a former FBI special agent named Nancy Floyd had come forward with a story about her own investigation into terrorists. Floyd, in the course of carrying out her duties as an FBI special agent, had, back in 1992, placed a mole inside the Blind Sheikh’s terrorist cell. The mole, a former Egyptian army officer name Ehud Salem, had, meanwhile, been instructed by FBI management to help the terrorists in the Blind Sheikh’s cell build a bomb. Ostensibly, this was part of a sting operation, and the FBI was to arrest the Blind Sheikh and the other terrorists before they could use the bomb. But when the mole and agent Nancy Floyd informed FBI management that the terrorists were preparing to explode the bomb under the World Trade Center, FBI management initiated a full-scale investigation into…agent Floyd.

    More specifically, FBI management launched a so-called “Office of Professional Responsibility Investigation” into agent Floyd. Management did not inform Floyd what rules of professional responsibility she had violated, but the investigation effectively brought Floyd’s career as an earnest FBI agent to a grinding halt. FBI management also promptly fired the mole. Meanwhile, FBI management shut down all other investigations into the Blind Sheikh (co-founder of Faisal Islamic Finance, Bank al Taqwa, BMI, Inc., and other prominent financial institutions) and his terrorist cell.

    A few weeks later, and on the day predicted by the mole, the conspiracy to bomb the World Trade Center was successfully carried out. Six people were killed, and more than 1,000 were injured. In addition, the heart of the New York financial district was paralyzed for a week, the stock market nosedived, and massive damage was inflicted on the U.S. economy. Of course, during the years immediately prior to the 1993 bombing of the WTC, the BCCI enterprise had inflicted massive damage on the U.S. economy, and there is more we need to know about the WTC bombing.

    There is also more we need to learn about other strange occurrences in the weeks after the director of the FBI described Operation Green Quest as the largest law enforcement effort in history because, as we shall see, this is directly pertinent to the present and deteriorating state of the global financial system.

    * * * * * * * *

    After the 1993 bombing of the WTC was carried out, earnest FBI agents secretly monitored a meeting that was held at a Marriot Hotel in Philadelphia. All of the people at this meeting were leaders of the Muslim Brotherhood, and many of them were prominent bankers. One person at the meeting, Omar Ahmad, was, at the time, providing housing to the Blind Sheikh. The man who was expected to chair the meeting, meanwhile, was Mousa Abu Marzook.

    As we know, Marzook was also the co-founder of several financial institutions, including BMI Inc. and Bank al Taqwa, and he founded Infocom, the outfit that hosted Elgindy’s private internet chat site for short sellers. In addition, Marzook was a leader of the Muslim Brotherhood, political chief of Hamas, and a key figure in the Islamist International, the chairman of which was, of course, Osama bin Laden.

    As it happened, Marzook did not appear at the meeting in Philadelphia, but he was represented at the meeting by his deputy, Mohammad Saleh, and phone records showed that Saleh had been in regular contact with the terrorists who had parked the bomb under the World Trade Center. Naturally, the earnest FBI agents suspected Saleh and others at the meeting in Philadelphia of having been involved in the 1993 bombing of the World Trade Center. They also suspected Marzook.

    As the earnest FBI agents discovered, one purpose of the meeting at the Marriot in Philadelphia was to discuss ways in which to keep the terrorists who had perpetrated the bombing out of prison. Another purpose of the meeting was to discuss additional measures that could be undertaken to sabotage the United States. Abu Baker, one of the Muslim Brotherhood (and Hamas) operatives in attendance summarized the strategy as follows:  “War is deception…Deceive, camouflage…Deceive your enemy.”

    Another purpose of the meeting of the 1993 meeting at the Marriot Hotel in Philadelphia was to discuss ways in which to undermine the Oslo Peace Accords that had been signed that year by the Israeli government and the Palestinian Liberation Organization (PLO). As we know from earlier chapters of this series, Israeli politicians were also hoping to undermine the Oslo Peace Accords because they, the Israelis, believed that the Accords granted too much legitimacy to the PLO. So, at the time, the Israeli government was sponsoring Marzook and other Hamas leaders reckoning (correctly as it would turn out) that Hamas would suck support away from the PLO.

    For the same reasons, the Israelis were sponsoring a PLO splinter group called Fatah-Revolutionary Guard (or sometimes Black September), the leader  of which was a notorious terrorist named Abu Nidal, who was an avowed enemy of PLO leader Yassir Arafat. Abu Nidal and the leaders of other PLO splinter groups, recall, were formerly involved with the BCCI enterprise and aside from being terrorists, they were sophisticated financial operators and criminals whose operations were closely intertwined with  the organized crime (and terrorism) syndicate operated by prominent oligarch (and global terrorist) Monzer al Kassar, formerly a key figure in the larger BCCI enterprise. In addition, as of 1993, Abu Nidal and the other leaders of the PLO splinter groups were, like Marzook and other leaders of Hamas, key figures in the Islamist International, the chairman of which was, of course, Osama bin Laden.

    After the September 11 attacks in 2001, anonymous U.S. officials fed to the media a story that Abu Nidal was running an Al Qaeda terrorist training camp in Iraq. This story maintained further that Abu Nidal was running the terrorist training camp in cahoots with Saddam Hussein, then leader of Iraq, and that Abu Nidal had personally overseen the training of Mohammad Atta, leader of the terrorist cell that  had allegedly carried out the September 11 attack. According to U.S. officials, Atta had been the pilot of the first airplane the crashed into the World Trade Center.

    That story could not possibly have been true because at the time (see earlier chapters of this series) Abu Nidal was employed as an agent of not just the Israelis, but also the U.S. government, as was later reported by Robert Fisk of The Independent, a prominent newspaper in Britain, and by Janes, a prominent publication that covers national security issues. However, it was true that Abu Nidal had previously dispatched one of his deputies, Ahmed Ajaj, to help carry out the 1993 bombing of the World Trade Center.

    Ajaj flew to the United States with a Muslim Brotherhood terrorist named Ramzi Yousef.  Upon landing at JFK airport in New York, customs officials noticed that Ajaj’s passport was blatantly fake (his photograph was peeling off of the passport, and there was a photograph of another person easily visible below it). Customs officials also discovered that Ajaj had in his possession a terrorist training  manual and instructions on how to build a bomb. Ajaj was taken into custody and charged with illegally entering the country, but for some reason his traveling companion, Ramzi Yousef, was allowed to enter the country, and soon after, he was among the perpetrators of the WTC bombing.

    Presently, U.S. officials describe Yousef as the “mastermind” of the 1993 World Trade Center bombing, and he is serving a life sentence at the SuperMax prison in Colorado. However, after carrying out the WTC bombing, Yousef was able easily to leave the country, and he operated for several years under the auspices of Mercy International and the IIRO, both of which were co-founded by Osama bin Laden and (for reasons that are not clear) funded by the U.S. government. That’s the same U.S. government, of course, that had (because, we must assume, the U.S. government is incompetent, supplied Yousef and his terrorist associates with the bomb that they had exploded under the World Trade Center).

    Yousef’s traveling companion, Ajaj, meanwhile, was released from detention and it remains unclear what came of him.

    In 1993, Robert Friedman, one of the nation’s best journalists, reported in the Village Voice that Ajaj had been employed as an agent of the Israeli government. Meanwhile, the FBI arrested a man named Mohammed Salameh, who had rented the Ryder truck that was used to park the bomb under the World Trade Center, and which, along with the bomb, had exploded. Salameh (who played just a bit part in the terrorist attack) was arrested when he returned to Ryder to report that the truck was stolen and to ask Ryder to return his $400 deposit. The International Herald Tribune reported that the telephone number and apartment address listed on the rental agreement for the truck belonged to man named Josie Hadas, who had been identified as an agent of the Mossad, Israel’s intelligence agency.

    None of this is evidence that Israel had a hand in the 1993 WTC bombing, but it is notable that none of the people whom earnest FBI agents regarded as the masterminds of the WTC bombing were immediately arrested. Yousef was arrested only three years later. More specifically, he was arrested at a Mercy International guest house in Pakistan, and when he was arrested, his uncle, Khalid Sheikh Mohammed, who was staying in the same guest house, emerged from his room and gave a speech protesting the arrest. Khalid also gave an interview to a Time magazine reporter who was on hand for the arrest.

    However, Khalid himself was not arrested, though there was already at that time evidence (possibly  manufactured) that linked him to a conspiracy to fly airplanes into tall buildings, including the World Trade Center. In addition, Yousef was arrested not by the FBI, but by Pakistani police  working with U.S. embassy State officials who received considerable resistance from FBI management and from Pakistani intelligence. Neither Marzook nor any of the others who had attended that meeting at the Marriot Hotel in Philadelphia were ever arrested. In addition, FBI management went to great lengths to protect the Blind Sheikh from prosecution.

    That the Blind Sheikh was protected was noted by Nancy Floyd (the FBI special agent who had planted the mole in the Blind Sheikh’s terrorist cell), and even after the 1993 WTC bombing had been successfully carried out, FBI management still refused to arrest the Blind Sheikh. As a result, Floyd and the mole threatened to go to the press with their story that they had provided FBI management advance warning about the Blind Sheik’s involvement in the conspiracy to bomb the WTC.

    FBI management responded to this threat in two ways. First, FBI management paid the mole a lump sum of $1 million cash. And second, FBI management leaked to the press an outlandish story alleging that Nancy Floyd, the earnest FBI agent, had been having an illicit sexual affair with a man named Ehud Salem (who was, of course, the mole whom the FBI had just paid $1 million, probably as hush money, but in the story that FBI management told the media, Salem was a terrorist). Amazingly (or unsurprisingly), major U.S. news organizations, including the New York Post, published the salacious story about the seedy FBI agent, Floyd, who had been having a salacious affair with Salem.

    Fortunately, the mole had tape recorded the conversations during which he had explicitly warned FBI management of the conspiracy to bomb the WTC. It was also apparent from these taped conversations that FBI management not only knew about the conspiracy, but had instructed Salem to help build the bomb for the terrorists who were plotting to blow up the WTC. And despite the $1 million he had received in hush money, the mole threatened to deliver the tapes to the press. At this point, FBI management paid the mole still more cash, and once again deployed him to investigate the Blind Sheikh.

    By now, though, FBI management had already insisted that the Blind Sheikh was not involved in the WTC bombing, and at the same time, FBI management knew that it would be necessary to arrest the Blind Sheikh to prevent the mole from delivering his tapes to the media. So FBI management hatched a plan, instructing the mole to volunteer to the Blind Sheikh his help in carrying out a new plot (a plot hatched by FBI management) to blow up multiple New York landmarks, including FBI headquarters. The mole took the plan to the Blind Sheikh, and the Blind Sheikh said he had no interest.

    Nonetheless, FBI management announced to the press that the Blind Sheikh had now been linked to a new terrorist plot—namely, the one (hatched by FBI management) to bomb multiple New York landmarks and FBI headquarters. FBI management gave this new terrorist plot a catchy name—“The Day of Terror”—and meanwhile assured the media that the Blind Sheikh had not been linked to the bombing of the World Trade Center. For the time being, the mole kept his tapes to himself, and the major U.S. news organizations reported extensively on FBI management’s heroics in not only apprehending all of the people linked to the World Trade Center, but also foiling the even worse “Day of Terror” plot.

    But, of course, the “Day of Terror” plot was not a real plot, and most of the terrorists and bankers linked to the 1993 WTC bombing had not been arrested.

    The Blind Sheikh, meanwhile, had been arrested only because FBI management was worried that the mole would go public with his tapes. As it turned out the mole went public with the tapes anyway, and the Blind Sheikh was eventually charged for his role in the World Trade Center bombing. Later, U.S. officials acknowledged that the Blind Sheikh was, as of 1993, on the payroll of the U.S. government, though U.S. officials say the Blind Sheikh was on the payroll only because he had helped America fight the Soviets in Afghanistan during the 1980s.  Meanwhile, Marzook and other terrorists linked to the 1993 WTC bombing continued to live openly in the United States.

    In 1996, the FBI briefly arrested Marzook at his home in Texas (location also of Infocom, host of Elgindy’s private internet chat site for short sellers), but Marzook was immediately released at the request of the Israeli government, which issued a statement saying that Marzook was “important to the peace process.”  The truth, of course, was that Marzook and other Hamas leaders in the United States had undertaken a major initiative to sabotage the peace process, and more specifically to undermine the 1993 Oslo Peace Accords that the Israeli government had signed with the PLO.

    Presently, Marzook resides in Qatar, where he has the full protection of the Qatari ruling family (one of Washington’s closest allies). That’s the same ruling family that formerly employed Ramzi Yousef’s uncle, Khalid Sheikh Mohammed, now said to be the “mastermind” of the September 11 conspiracy. Marzook is also helping direct the  “Arab Spring” rebellion in Syria. The “Arab Spring” rebels in Syria, of course, have ties to not only Hamas (i.e. the Muslim Brotherhood) but also Al Qaeda (i.e. the Muslim Brotherhood) and other jihadi outfits (i.e. the Muslim Brotherhood), but they are now regarded as “freedom fighters,” sponsored by Washington and its totalitarian allies (e.g. Qatar, Saudi Arabia, the UAE, all of them the leading state sponsors of terrorism).

    * * * * * * * * *

    Back in 2002, Marzook was a key target of Operation Green Quest, partly because he had co-founded BMI Inc. and Bank al Taqwa, both of which were considered to be key components of the SAAR Network. The other co-founders of those financial institutions, including Mr. Alamoudi and Yasin al Qadi, were, of course, also key targets of Operation Green Quest. Marzook (though he was most famous as political chief of Hamas) had, recall, been among those who, along with Osama bin Laden and other key figures in the Islamist International, were (as of 2000) planning to perpetrate a “spectacular” terrorist attack inside the United States. Naturally, Marzook was therefore suspected of involvement in the September 11 conspiracy, just as he had previously been suspected of involvement in the 1993 WTC bombing.

    In the course of carrying out their Operation Green Quest duties, earnest U.S. Treasury officials named not only Marzook and Yasin al Qadi, but also several other co-founders of Bank al Taqwa and its U.S. affiliate, BMI, Inc., as “Specially Designated Global Terrorists.”  Meanwhile, we know, the Treasury Department  announced that Bank al Taqwa had established “Al Qaeda’s main operating base in Europe for the movement of men, weapons, and money around the world.” In addition, Operation Green Quest investigators targeted a major financial institution called Al Aqsa Bank.

    The Operation Green Quest investigators determined that Al Aqsa Bank had extensive ties to  Osama bin Laden, and the Treasury Department noted that Al Aqsa Bank was controlled by prominent bankers who were also global terrorists. Al Aqsa Bank’s most important principal was Marzook, who was, of course, a “Specially Designated Global Terrorist.”

    Al Aqsa Bank had a massive presence in the United States, and as mentioned earlier, it operated in this country as a joint venture with Citibank.  Earnest Treasury officials, in the course of carrying out their Operation Green Quest duties, informed Citibank executives that they were operating a joint venture with a “Specially Designated Global Terrorist,” and Treasury officials notified Citibank that Citibank’s joint venture partner had direct ties to Osama bin Laden himself. The earnest Treasury officials even advised Citibank that Citibank might like to disband its joint venture with a bank that was operated by a “Specially Designated Global Terrorist” who was a suspect in both the 1993 WTC bombing and the September 11 conspiracy.

    Citibank, however, ignored the advice.

    Citibank maintained its joint venture with Al Aqsa Bank until 2011, when the bank was “busted out” (i.e. looted and destroyed) by its owners, including “Global Terrorist” Mousa Abu Marzook and others who had been linked to Osama bin Laden’s organization. This, incidentally, was the same Mousa Abu Marzook who, in his capacity as political chief of Hamas, had reacted with glee when the American financial system melted down in 2008, declaring that the economic cataclysm marked “The End of the American Empire.”  However, by that time, Marzook was no longer described as a “Global Terrorist.” He was working for the “Empire” and preparing for his new career as an “Arab Spring” freedom fighter.

    Back in 2001, of course, Marzook’s company Infocom was hosting Anthony Elgindy’s private internet chat site for short sellers, and as earnest FBI agents knew, Elgindy’s short selling syndicate had been involved in a scheme that resulted in the September 18, 2001 collapse of MJK Clearing, then the largest clearing brokerage in America. A later chapter of this series will discuss this scheme in greater detail, but for now it is enough to know that the collapse of MJK Clearing necessitated the largest ever bailout by the Securities Investors Protection Corp. and contributed mightily to the damage that had been caused to the global financial system by the September 11 terrorist attack just a  few days prior.

    Others linked to the collapse of MJK Clearing (according to the SEC, which leveled small fines) were former BCCI figure Adnan Khashoggi; a notorious financial operator named Rafi Khan (the son of a Pakistani intelligence official and a principal at a brokerage called J.B. Oxford, operated by former BCCI figure Irving Kott); a man named Rami al Betrawi (formerly involved, along with BCCI and Khashoggi in the Iran-Contra affair); Carl Icahn (who rose to prominence with finance from Michael Milken); a woman named Valerie Red Horse (formerly Milken’s office manager at Drexel Burnham Lambert); and multiple others with ties to organized crime.

    * * * * * * * * *

    The Treasury Department no longer describes Marzook as a “Global Terrorist,” and all of the other people formerly identified as “Specially Designated Global Terrorists” are no longer called “Global Terrorists.” Most of them continue to have extensive business in the United States. Same goes for the “Golden Chain” billionaires and all of the other people who were targeted by Operation Green Quest, and who were (as of 2002) regarded as key figures in the SAAR Network. Most of those people were (and are) sophisticated financial operators, many of them are among history’s most destructive financial criminals (previously involved with the BCCI enterprise), and most of them not only continue to have involvement in the U.S. markets, but also presently boast partnership with some of Wall Street’s leading brokerages and investment houses.

    This is owing to some other strange events that occurred in 2002, one year after the director of the FBI pronounced Operation Green Quest to be the largest law enforcement effort ever undertaken by any nation, or combination of nations, in the entire history of the world—a law enforcement effort whose only purpose was to prosecute terrorists and the people who sponsored them.

    One of the other strange things that occurred in 2002 was that a United States congressional committee issued a report outlining the results of its investigation into Osama bin Laden’s terrorist organization. This investigation had, of course, been assisted by earnest U.S. government investigators tasked to Operation Green Quest, and so, of course, the report contained 28 pages containing the names of all the billionaires who were key figures in the SAAR Network, members of the “Golden Chain,” and “Specially Designated Global Terrorists.” However, those 28 pages were completely blacked out—censored, so that nobody could read them.

    Fortunately, earnest Operation Green Quest investigators subsequently went public with the names of the billionaires, and so we are able now to report their names, though their names (see chapter 2 of this series for a fuller list of billionaires with ties to Osama bin Laden) have never been reported in connection with Osama bin Laden by The New York Times, which seems happy enough to censor itself, and we cannot hope that Operation Green Quest investigators will capture any of the sophisticated financial operators who were the key targets of Operation Green Quest. We cannot hope that they will be captured owing to some other strange events that occurred in 2002, not long after the FBI director described Operation Green Quest as the largest law enforcement effort in the history of the world.

    One strange occurrence in 2002 was the decision of the FBI director and other top officials to call an end to Operation Green Quest.

    That is to say, Operation Green Quest lasted for a total of one year before it was completely dismantled. It was completely shut down, and as a result of Operation Green Quest (the largest law enforcement effort ever undertaken, according to the director of the FBI, who stressed that the sole objective of this massive law enforcement effort was to prosecute terrorists and their sponsors) the number of terrorists and major terrorist financiers who were, in fact, prosecuted came to a grand total of…ZERO.

    Since then, there have been no other major “Operations” aimed at prosecuting terrorists and their bankers (or bankers who are also terrorists).

    * * * * * * * *

    Soon after shutting down Operation Green Quest, the director of the FBI appeared as the guest of honor at the 2002 annual convention of an outfit called the American Muslim Council. In the speech that he gave at this annual convention, the FBI director described the American Muslim Council as “the most mainstream Muslim organization in America.” Which was a surprising way to describe an outfit founded by the terrorist organization that had (according to the director of the FBI) recently massacred close to 3,000 mainstream Americans by crashing airplanes into the World Trade Center, the Pentagon, and a field in rural Pennsylvania.

    Indeed, earnest FBI agents had known about the American Muslim Council’s ties to Osama bin Laden since at least 1993, when they received information from an informant that Osama bin Laden was using the American Muslim Council to funnel money to the Blind Sheikh (the terrorist and banker who had co-founded numerous financial institutions, including BCCI’s most important affiliate). As of 2002, the director of the FBI was also aware that the American Muslim Council had been an important target of the aborted Operation Green Quest, partly because the founder of the American Muslim Council was Mr. Alamoudi (who was a top operative in Osama bin Laden’s terrorist organization).

    In addition, the director of the FBI was aware that the American Muslim Council’s top officials included former White House official Khalid Elgindy (brother of Anthony Elgindy, the short seller who had advance knowledge of the September 11 conspiracy) and a terrorist named Sami al Arian, who had been settled in the United States by the Elgindy family. At the time in 2002 when the FBI director was Sami al Arian’s guest of honor at the 2002 annual convention of the American Muslim Council, it was widely known that Sami al Arian and a man named  Ramadan Shalleh (both Shalleh and Sami al Arian worked for a time as professors at the University of South Florida) were the top leaders of a terrorist organization called Palestinian Islamic Jihad, which was a key component of the Islamist International, the chairman of which was, of course, Osama bin Laden.

    In 2000, the director of the House Task Force on Terrorism had reported (publicly) that Palestinian Islamic Jihad was a key component of the Islamist International, the chairman of which was, of course, Osama bin Laden. At that time in 2000 (and in the years that followed), Sami al Arian (widely known to  be co-leader of Palestinian Islamic Jihad) was highly regarded in Washington and held regular meetings with top U.S. officials, including multiple FBI directors. Meanwhile, according to the director of the House Task Force on Terrorism, Ramadan Shalleh (the other co-leader of Palestinian Islamic Jihad) was (in 2000) among the terrorists who were, along with Osama bin Laden and other key figures in the Islamist International, including Marzook (host of Elgindy’s private internet chat site for short sellers) planning to perpetrate a “spectacular” terrorist attack inside the United States.

    After such a terrorist attack occurred on September 11, 2001, earnest U.S. government investigators learned that Sami al Arian (settled in the United States by the Elgindy family) had incorporated a financial firm called Baraka Exchange, which had funded some of the terrorist-hijackers who had (according to the director of the FBI) carried out the September 11 attack. In addition, Sami al Arian was involved with numerous other SAAR Network entities, and he had been a principal target of Operation Green Quest. However, Operation Green Quest had, of course, been shuttered with no prosecutions, and Sami al Arian was never charged with any crime related to the September 11 attacks or  ties to “Al Qaeda.” To the contrary, he was invited to the White House to meet with the president.

    Some years later, after a former DOJ prosecutor named John Loftus had filed a lawsuit against the U.S. government, accusing U.S. officials of thwarting investigations into Sami al Arian, the DOJ did indict Sami al Arian for funding a terrorist attack in Palestine, but he spent only a few months in prison, and he now resides in a mansion located in the suburbs of Washington, D.C. Meanwhile, Judicial Watch, the public watchdog group, has filed a lawsuit seeking information on the continuing and apparently warm relationships between the director of the FBI (still Robert Mueller) and multiple people (including not only Sami al Arian, but also some of those who attended that meeting at a Marriot Hotel way back in 1993) with ties to terrorism.

    In 2002, when the FBI director was the guest of honor of not only Sami al Arian, but also Mr. Alamoudi, at the 2002 annual convention of the American Muslim Council (“the most mainstream Muslim organization in America”), the FBI director was well aware that not only Sami al Arian, but also Mr. Alamoudi (founder of the American Muslim Council) were key figures in Osama bin Laden’s organization, and the FBI director knew that both Mr. Alamoudi and the American Muslim Council had been among the most important targets of Operation Green Quest (the largest law enforcement effort ever aborted without any prosecutions). In addition, the FBI director knew that Mr. Alamoudi had founded the American Muslim Council in partnership with Osama bin Laden.

    Court documents also show that the FBI director knew that the vehicle which Mr. Alamoudi used to found the American Muslim Council was an important financial firm called SEDCO, which operated several  joint venture businesses in partnership with Osama bin Laden (a famous terrorist and fringe fanatic who was also a prominent banker, oligarch, and co-founder of “the most mainstream Muslim organization in America”). Perhaps more important, the FBI director knew that SEDCO was principally controlled by Sheikh Mahfouz, formerly the largest shareholder (and executive director) of BCCI.

    Sheikh Mahfouz, of course, was one of history’s most destructive financial criminals, and he was Osama bin Laden’s most important business partner. In addition, we know, Sheikh Mahfouz was a prominent oligarch and an important business partner of Washington insiders. Indeed, he had captured many of America’s leading politicians, including every politician who served as president of the U.S.A. between the year of 1972, when BCCI was founded, and the year 2009, when Sheikh Mahfouz passed away.

    * * * * * * * *

    Which brings us back to The New York Times obituary commemorating the life of Sheikh Mahfouz. In that otherwise flattering obituary, the Times was obliged to report that Sheikh Mahfouz had faced a “barrage of accusations” that he had ties to terrorist organizations These accusations did not, however, conform to the party line that  Sheikh Mahfouz was nothing more than a prominent banker and a legitimate partner of “Washington insiders,” so the Times, of course, was quick to assure its readers that the accusations of Sheikh Mahfouz’s ties to terrorism had no merit whosoever.

    The Times also noted with approval that Sheikh Mahfouz had filed lawsuits against journalists who had written of Sheikh Mahfouz’s ties to terrorism. The New York Times  gloated with further approval that Sheikh Mahfouz had filed his lawsuits in London to take “advantage of Britain’s pro-plaintiff libel laws.”  Those libel laws, for those who do not know, are the most repressive libel laws anywhere in the Western world. They not only make a mockery of the notion that Britain has a free press, but they amount to a regime of censorship that makes it difficult for British journalists to report stories that powerful people or the British government deem to be harmful to their interests. And, of course, the British government (like the regime in Washington) is not interested in exposing the ties between prominent billionaires and terrorism, because such billionaires also have ties to the Anglo-American establishment.

    Some of the journalists whom Sheikh Mahfouz attacked with libel lawsuits, however, were not British—they were American citizens. Indeed, there has developed a disturbing trend (known to advocates for press freedoms as “libel tourism”) that sees powerful people (a surprising number of them actually former BCCI figures) filing lawsuits against American journalists in the British courts, which almost always rule in favor of the plaintiffs.

    As for The New York Times—well, that newspaper is not exactly what the founding fathers had in mind when they made freedom of the press a cornerstone of the new republic. There are some excellent and honest journalists at The New York Times, but we might be justified in asking whether The Times as an institution considers it to be its mission to prevent the voting public from being fully educated. This, after all, is the essential meaning of the famous slogan—“All the News That’s Fit to Print”—with its implication that there cannot possibly be any other news that is fit to print, and that there must be no diversity of opinion, nor debate about the facts. It might be that there really is just one Truth, and one Truth only, but are we to believe that the one and only Truth is the party line of The New York Times?

    The New York Times believes that is so, and a large segment of the population believes it, too. It is the segment of the population that is preternaturally inclined to trust authority—even to revere authority–and it is the segment of the population that is ever prepared to accept authoritative diktats as to what constitutes right-belief. It is the segment of the population, like so many of history’s tragic populations, that marches in lockstep with the party line–and in present day America, it is this segment of the population that defines polite society, while everyone else has been relegated to the fringes.

    As a result, we now live in a nation where one must be careful with his words, for to deviate in any way from the party line is to be cast aside, scorned and ridiculed. Indeed, one must say nothing at all unless it has been approved by The New York Times.

    If you doubt that this is true—if you doubt that it has a profound effect on our nation and our democracy—try this simple experiment: at your next dinner party, introduce an idea, a commentary, a story or a new set of facts. If what you have said did not come from The Times, or has been disputed by The Times, witness the reaction of your friends and interlocutors—your fellow citizens.

    Try, for example, to discuss with a group of ten people the story of BCCI and Sheikh Mahfouz. Try to challenge the final word on Sheikh Mahfouz, as it was published in 2009 by The New York Times—which noted with approval bordering on glee that Sheikh Mahfouz had (as a result of one of his London lawsuits) won a default judgment ordering one American writer, a woman named Rachel Ehrenfeld, to apologize for linking Sheikh Mahfouz to terrorism. The Times did not mention this, but Rachel Ehrenfeld is no slouch. She is the director of the Economic Warfare Institute. She has also worked as a visiting scholar at the Columbia University Institute of War and Peace Studies; a research scholar at New York University School of Law; and as a fellow at John’s Hopkins School of Advanced International Studies (SAIS).

    In addition, Ehrenfeld (author of the book, “Funding Evil,” which provoked the lawsuit) is one of the world’s reigning experts on billionaires who have ties to terrorism, and who are themselves terrorists—financial terrorists who have, with much success (and in partnership with the American elite) waged economic warfare against the United States and other nations. But that is not a subject for polite society. In polite society, one must toe the party line, which is that all terrorists are “fringe” fanatics who occupy their every moment conceiving new and inventive ways to hide bombs in their underpants, desiring nothing more than to blow themselves to Kingdom Come and its harem of vestal virgins.

    According to the party line, there are no billionaire terrorists. In polite society, all billionaires are, by definition, themselves members of polite society, deserving of our respect and admiration. Anyone who says otherwise must be expelled from polite society, and if the dissident has credentials that threaten to lend her credibility, she must be excoriated or at least subtly discredited by The New York Times.

    So it was with Rachel Ehrenfeld, whom Sheikh Mahfouz  sued with the help of London’s oppressive libel laws. The New York Times reported: “Mrs. Ehrenfeld has called his [Sheikh Mahfouz’s] legal actions ‘financial jihad.’ But Sheikh Mahfouz’s criticisms were sometimes irrefutable. He was widely referred to as the brother-in-law of Osama bin Laden, which he was not. Sheikh Mahfouz did acknowledge contributing $270,000 to Mr. bin Laden’s forces when they were fighting the Soviets in Afghanistan. At the time, the United States also supported the insurgents there.”

    And that was the end of the story, so far as the Times was concerned. Clearly, we are left to conclude that Sheikh Mahfouz was innocent of all charges linking him to terrorism.

    We are also left to conclude that people, including Ehrenfeld, who have linked Sheikh Mahfouz to terrorism are a little bit nutty. After all, these people, including Ehrenfeld (or so it was suggested by The New York Times) went so far as to report the outlandish falsehood that Sheikh Mahfouz was Osama bin Laden’s brother-in-law. In fact, Ehrenfeld never reported any such thing. It was the director of the CIA, then George Tenet, who first stated that Sheikh Mahfouz was Osama bin Laden’s brother-in-law, at which point official U.S. government spokesmen quickly issued a “correction,” saying that it had not yet been confirmed that Sheikh Mahfouz had married off his sister to Osama bin Laden.

    The spokesmen did not explicitly deny that the CIA director’s information was correct, and since then, the official spokesmen have not been forthcoming with confirmation one way or another, so we do not know the truth of the matter. Either way, the former CIA director’s supposed error served the interests of Sheikh Mahfouz and his friends in Washington, as they and cooperative media outlets such as The New York Times seized upon this one supposed falsehood, suggesting that since this one fact has ostensibly been proven to be false, it must necessarily be the case that all of the other facts (see above) linking Sheikh Mahfouz to Osama bin Laden are equally false. This, of course, is twisted logic, made all the more twisted by the fact that the Times failed to address all of the other facts (see above) linking to Sheikh Mahfouz to terrorism.

    We can see the twisted logic because we are examining it with care, but most readers of The New York Times conduct no such examination. And make no mistake: the twisted logic of The New York Times is not evidence merely of faulty thinking or lazy reporting. The New York Times was, without doubt, aware of the other facts linking Sheikh Mahfouz to terrorism. The omission of these facts—and the twisted logic suggesting that one supposed falsehood justifies the omission of all the other facts—was not accidental. It was twisted logic by design—and such twisted logic works as it is intended. Indeed, twisted logic is the most effective all propaganda. It is the essence of the twisted dystopia about which we have been warned by Orwell, Huxley, H.G. Wells, and so many others.

    Consider further that while the New York Times reported that Sheikh Mahfouz had won (in a British kangaroo court) a “default” judgment ordering Ehrenfeld to apologize for linking Sheikh Mahfouz to terrorism, the Times failed to report that Ehrenfeld had made no such apology and indeed Ehrenfeld had refused to acknowledge the jurisdiction of the British court over her case, which is why the judgment was a “default” judgment. In addition, though there was not a word about this in The New York Times, Ehrenfeld had preemptively countersued Sheikh Mahfouz in New York to obtain a declaration that the British judgment would not be enforced in the United States.

    Ehrenfeld also maintained that her book was not defamatory under United States defamation law. The New York courts ruled that they lacked jurisdiction over Sheikh Mahfouz, but immediately thereafter, the New York State legislature unanimously passed the Libel Terrorism Protection Act, and the legislature even named the new Act after Rachel Ehrenfeld herself.

    It is called “Rachel’s Law.”

    In 2008, when Rachel’s Law was enacted, New York Governor David Paterson stated that Rachel’s Law “offers New Yorkers greater protection against libel judgments in countries whose laws are inconsistent with the freedom of speech granted by the United States constitution.” In other words, this was a victory for both Ehrenfeld and free speech, but The New York Times (supposed guardian of our freedoms and “All The News That’s Fit to Print”) failed to mention a word about it in its story gloating that Ehrenfeld had been asked to apologize for linking Sheikh Mahfouz to terrorism.

    Meanwhile, billionaires with ties to terrorist organizations continue to this day to wage a “Financial Jihad” in partnership with some of Wall Street’s most notorious (or “prominent,” in the vernacular of The New York Times) brokerages and investment houses–and with the apparent approval of officials in Washington, who have shown zero inclination to stop them. None of which, of course, is regarded by The New York Times as news that is “Fit to Print,” but there is, nonetheless, hope for the republic, for at least some among the citizenry have come to know that if it’s fit to print–then it probably isn’t true.

    To be continued…Click here to read Chapter 7

    Mark Mitchell is a journalist who spent most of his career working as a correspondent for mainstream media publications before joining DeepCapture.com. He is the author of the book entitled “The Dendreon Effect: How Felons, Con-Men and Wall Street Insiders Manipulate High-Tech Stocks”.

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    56 Responses to “The Global Bust-Out Series (Chapter 6): An Oligarchic-Organized Crime and Terrorism Syndicate (and Some Stock Promoters)”

    1. New York Times Criminals says:

      The New York Times is about as big of a JOKE as these criminals in this story. Andy Ross Sorkin should have the courage to tell the truth sometime.

      Why wont the New York Times tell the truth to people? Why does the New York Times act like communists? Why did the New York Times turn on the American public?

      The New York Times needs to show some courage and tell the truth.

    2. bbhindyou says:

      From this information it is clear the ‘war’ om terrorism is manufactured by the rich and powerful to take all money, freedom and rights from the ‘free’ people of the world and to install totalitarian regimes in place of existing governmental systems.
      Our children die in the wars created and our government officials take payoffs and submit to blackmail while covering up the crimes of the destroyers of our economies, political systems and freedoms.
      The truth told here is well known to the United States law enforcement branches the FBI,CIA, DOJ and the Judicial system, but they do nothing but defend the enemy of the American people.
      What is the duty of the American Military when presented with solid proof of a conspiracy to destroy the Constitutional government of the United States of America by means outlined in this blogs information?
      When the political and judicial system is no longer protecting the American People, but is instead protecting those out to destroy them what is the military’s duty?
      If those in command are committing treason against the People and the Constitution of the United States of America what is the duty of the people of this country?
      If this clear proof of treason on the highest levels is not acted upon, then America and its Constitution are dead and all who have not acted to protect them are responsible for it.

    3. ginger says:

      Is it Gorilla or Guerrilla?

    4. ginger says:

      During the 1980s, Boesky ran what was then one of the nation’s most powerful arbitrage funds (today it would be called a hedge fund), and he had a reputation on the Street as a mysterious character who liked to operate in the shadows – a guy known to deliver suitcases full of cash to gorillas with handguns holstered on their hips. According to Pulitzer Prize winning author James Stewart (see his book, “Den of Thieves”), Boesky often told people that he had spent an earlier period in Iran working as a CIA agent.

      Prosecutors would later describe in colorful detail the armed gorillas and suitcases full of cash, but Boesky’s claims to have been working as a CIA agent in Iran were somewhat dubious. It is more than likely, as one of Boesky’s former business colleagues confirmed in an interview with DeepCapture, that Boesky had (and still does have) deep ties not to the CIA, but to the regime in Iran (though, of course, it is possible that he had ties to both).

      Mark… is it Gorilla or Guerrilla?

      Guerrilla, diminutive of guerra (“war”)
      Gorilla, the largest extant genus of primates

      • CNBC please be truthful says:

        Ginger,

        Your an idiot.

        Who cares if it’s Gorilla or Guerrilla?

        Read what he has written and it should scare you.

    5. sean says:

      CNBC, I concur. I believe Ginger is one of the plants to steal the thread. Thanks for posting my observation also!!!

    6. ginger says:

      Get with it you two… CNBC and sean.

      Words convey meaning. Become familiar with the English language and you’ll be able to understand what’s written in this book:

      An Economic Hit Man Reveals Why the World Financial Markets Imploded
      Hoodwinked:
      By John Perkins

      John Perkins has seen the signs of today’s economic meltdown before. The subprime mortgage fiascos, the banking industry collapse, the rising tide of unemployment, the shuttering of small businesses across the landscape are all too familiar symptoms of a far greater disease. In his former life as an economic hit man, he was on the front lines both as an observer and a perpetrator of events, once confined only to the third world, that have now sent the United States and in fact the entire planet spiraling toward disaster.

      Here, Perkins pulls back the curtain on the real cause of the current global financial meltdown. He shows how we’ve been hoodwinked by the CEOs who run the corporatocracy, those few corporations that control the vast amounts of capital, land, and resources around the globe and the politicians they manipulate. These corporate fat cats, Perkins explains, have sold us all on what he calls predatory capitalism, a misguided form of geopolitics and capitalism that encourages a widespread exploitation of the many to benefit a small number of the already very wealthy. Their arrogance, gluttony, and mismanagement have brought us to this perilous edge. The solution is not a ‘return to normal.’

      But there is a way out. As Perkins makes clear, we can create a healthy economy that will encourage businesses to act responsibly, not only in the interests of their shareholders and corporate partners (and the lobbyists they have in their pockets), but in the interests of their employees, their customers, the environment, and society at large.

      We can create a society that fosters a just, sustainable, and safe world for us and our children. Each one of us makes these choices every day, in ways that are clearly spelled out in this book.

      ‘We hold the power,’ he says, ‘if only we recognize it.’ Hoodwinked is a powerful polemic that shows not only how we arrived at this precarious point in our history but also what we must do to stop the global tailspin.

    7. ginger says:

      Customer Review of HOODWINKED….

      82 of 88 people found the following review helpful. Reading it will simultaneously anger and depress you.
      By Charles Ashbacher

      Although I am a longtime political and news junkie, it is not possible for me to accurately determine the truth of all the claims that are made in this book. However, I do know a great deal of history and have some knowledge of economics so I can reach conclusions on many of the claims. Where I am able, I can confirm the accuracy of what Perkins puts forward.

      Perkins is a self-proclaimed former “economic hit man” (EHM), a person whose job is to convince people to accept his economic claims to the long-term detriment of their country or organization. He describes some of the tactics used to press a form of economic imperialism on other countries, where their leaders are pressed to accept loans, allow multi-national corporations to enter the country and engage in rapacious development and describes the consequences if the leaders try to assert independence.

      Perkins also goes into detail and explains how similar tactics have been applied in the United States, where there is the increasing consequence of wealth being concentrated in a smaller and smaller economic elite. He has very harsh words for some of the most praised business leaders, especially for the often-praised Jack Welch and Sam Walton, former CEO of General Electric and founder of Wal-Mart respectively.

      This is a book that will simultaneously anger and depress you, the anger will be generated from the knowledge that the United States is more and more being governed by the equivalent of a corporate theocracy where the basis of the religion is the ruthless acquisition of wealth. Since the odds are approximately four to one that you are a victim of this movement and your real earnings have declined as a consequence, frustration and depression are a natural consequence of reading about how it has happened.

    8. Anonymous says:

      “A similarly false allegation that the government seeks this Court’s approval to put before the jury is an accusation that came from Matt TYSON, a person who by the government’s own description was an Uestranged fonner Elgindy business associate” and who was at the time involved in a lawsuit against Mr. Elgindy. (Gov’t Mem. at 13.) TYSON reported, among other things, that Mr. Elgindy had donated $5000 to an organization called “MERCY USA,” an organization he believed was previously known as “MERCY International.” (A Confidential 0062.) While TYSON originally described this organization as a “charity to benefit children in developing nations,” he soon thereafter advised the FBI that a published letter he had viewed indicated that MERCY International “purchased the vehicles that were used by Osama Bin Laden to bomb the U.S. embassies both in Kenya and Tanzania.” (Gov’t Mem. at 15-16; A 3681.) The implication that TYSON apparently hoped to suggest through his reports -that Mr. Elgindy had contributed to a charity that supports terrorism -turned out to be false. As indicated in a later FBI 302, MERCY International Relief Agency, the terrorist-supporting-organization, and MERCY “International-USA, the legitimate charity, were separate and distinct entities and the FBI was “unaware of any association Elgindy might have with” the former. (A Confidenial

      investigatethesec.com

      • si_ravenseye says:

        recap for us floyd about tyson being elgindys first webmaster, the lawsuit between the two that by the way was a great name dropper and who bank rolled thetruthseeker.com website that had the little flying pig while using businesswire to promote the ceo and
        lma(zz)o also recap for us about the unindicted coconspirator who did the chicken dance when the time actually came to testify for elgindys failed defense, on then off his witness list.

    9. Anonymous says:

      Please Help the Victims in New York City!

      USA.org/html/default_new_york.html’ target=’_blank’ >web.archive.org

      MERCY News
      October 5, 2001
      Please Help the Victims in New York City!

      Dear Friend,

      September 11 was one of the most tragic days in our country’s history. Thousands of our fellow citizens were killed in New York City, Washington, DC and western Pennsylvania. The most horrifying and devastating of these terrorist attacks occurred at the World Trade Center in New York City.

      We, at Mercy-USA for Aid and Development (M-USA), are urgently appealing for your compassion and assistance to these innocent victims. Through the American Red Cross, The Salvation Army, and funds setup by New York Governor George Pataki, New York City Mayor Rudolph Giuliani and firefighters’ associations, M-USA has already provided $30,000 for food and personal care items and trauma counseling to the victims, their families and the rescue workers.

      With your support, M-USA will be able to assist further. We will send any additional funds that we raise through the American Red Cross and The Salvation Army. All donations will go to the fund; no M-USA administration costs will be charged.

      Please join us in helping the men, women and children who have survived the World Trade Center attack! Send your contribution today and help relieve their suffering!

      Please mail your generous contribution to:

      Mercy-USA for Aid and Development
      Attn: New York City Relief
      44450 Pinetree Drive, Suite 201
      Plymouth, Michigan 48170-3869

      Or, if you reside in Canada, please mail your kind donation to our partner organization there:
      Mercy-USA for Aid and Development (Canada)
      Attn: New York City Relief
      110 Eugenie Street W, Box 138
      Windsor, Ontario N8X 4Y6
      Canada
      Your donations are tax deductible, for US IRS No. 38-2846307 and for Canada Revenue Canada No. 89458-5553-RR0001

      Kindly make your check payable to Mercy-USA for Aid and Development and indicate “New York Relief” in the memo section. For further information or to donate by credit card, please call us toll free at 1-800-55MERCY (1-800-556-3729). You may also send your gift immediately through our secure online donation form at USA.org/html/online.html.’ target=’_blank’ >web.archive.org Thank you for your caring and concern.

      Sincerely,
      Umar al-Qadi
      President and CEO

      P.S. Many companies will match the donations of their employees. Please ask your company if it has such a matching gift program.

      Kosovo | Albania | Bangladesh | Bosnia | Chechen | Horn of Africa | India | Somalia | Turkey

    10. Anonymous says:

      Mercy-USA provided $65,000 in cash grants to six major relief organizations directly helping the victims of the September 11, 2001 terrorist attacks on our country. Grants were provided to the American Red Cross ($25,000), The Salvation Army ($15,000), and funds setup by New York Governor George Pataki ($10,000), New York City Mayor Rudolph Giuliani ($10,000) and two firefighters’ associations ($5,000). Through these grants, the survivors, their families, and the rescue and recovery workers received food, personal care items, trauma counseling and other necessary support.

      USA.org/pp_us.cfm’ target=’_blank’ >mercyUSA.org

    11. Mark Mitchell says:

      gorilla (as in thug)

    12. Anonymous says:

      Mark,

      Why did you not tell everyone that Mercy USA is a charity in Michigan and they even receive grant funding by the United States Government. Thats where Elgindy donated $5,000.

      The donation was also tax deductible since Mercy USA is a 501 C charity

      http://www.mercyusa.org/whatsnew.cfm

      You have no morals and just can not stop your lies.

      Mercy was also backed by Hillary Clinton. They also work with the USDA..

      You still have time to retract your lies Mark

      Mercy-USA President and CEO Attends White House Ceremony

      On December 28, 2000, Mr. Umar al-Qadi, Mercy-USA for Aid and Development President and CEO, was invited to a special White House ceremony. In this event, President Bill Clinton announced that WFP and 14 Private Voluntary Organizations (PVOs), including M-USA, were selected as grantees under the pilot Global Food for Education Initiative (GFEI).

      Under GFEI, the US Department of Agriculture (USDA) is donating surplus US agricultural commodities for use in school feeding and pre-school nutrition projects in developing countries. Mercy-USA’s proposed project is one that involves providing daily lunch to approximately 30,000 students in about 80 schools in the poorest regions of Albania.

      http://www.mercyusa.org/wn_2000annualreport_01.cfm

      July, 1999
      Back to table of contents

      Board member Dr. Shahida Khan
      and President Umar al-Qadi
      greeting President Clinton.

      Mercy Delegation Invited to President Clinton’s Address

      An eight-member delegation from Mercy-USA was invited by the White House to attend President Bill Clinton’s special address on Kosovo during his visit to the metro Detroit area on April 16. This delegation consisted of Board members, Dr. Shahida Khan and Mr. Syed Salman, President & CEO Mr. Umar al-Qadi and five community activists and special supporters. Members of the delegation expressed their strong support for Clinton’s humanitarian relief efforts on behalf of the Kosovar refugees.

      On April 21, the White House invited Mercy to attend a special event organized by the First Lady Hillary Rodham Clinton in Washington, DC. This event was designed to encourage business leaders to assist in Kosovar refugee relief efforts, and Mrs. Clinton was the keynote speaker. Board Chairperson Ms. Zakia Mahasa represented the organization at this function.

      http://www.mercyusa.org/wn_julynl1999_11.cfm

      July, 1996
      Back to table of contents

      Mercy Honored By the First Lady

      As one of the relief organizations working in Bosnia, Mercy was honored by the First Lady at a White House ceremony on January 29, 1996.

      At that ceremony, Hillary Rodham Clinton announced a multiethnic initiative aimed at treatment for victims of trauma in Bosnia. Mercy is expected to participate in this initiative. Mercy’s President, Umar al-Qadi, presented an original painting to Mrs. Clinton as a token of appreciation for her efforts in publicizing the needs of the Bosnian people. The painting was done by a Bosnian artist, Aldin Hadzic.

      http://www.mercyusa.org/wn_julynl1996_01.cfm

    13. Mark Mitchell says:

      The Mercy International I am talking about is the one tied to Abdurrahman Alamoudi, who did indeed have close ties to the Clinton administration. He worked for a time in the White House as an advisor to President Clinton. At that time, the Clinton adminstration had also ordered the U.S. military to go to war in support of the Kosovo Liberation Army in the Balkans, and as was later revealed, the KLA had been trained by key figures (i.e. Ayman al Zawahiri) in Osama bin Laden’s organization.

      In 2004, and only after the information had been made public by whistleblowers,the Treasury Department was compelled to admit that Alamoudi was one of Osama bin Laden’s most important fund-raisers. It has been widely reported reported that Osama bin Laden himself was involved with Mercy International.

    14. Anonymous says:

      Mark,

      Elgindy donated $5,000 to Mercyusa.com a 501 C approved charity organization which still is in business http://www.mercyusa.com

      here are their partners agencies

      United States Government Agencies:

      United States Agency for International Development (USAID)

      United States Office of Foreign Disaster Assistance (OFDA)

      United States Department of Agriculture (USDA)

      United Nations Agencies and Programs:

      Food and Agriculture Organization of the United Nations (FAO)

      United Nations Children’s Fund (UNICEF)

      United Nations Office for the Coordination of Humanitarian Affairs (OCHA)

      United Nations High Commissioner for Refugees (UNHCR)

      United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA)

      World Food Programme (WFP)

      World Health Organization (WHO)

      Other Organizations and Agencies:

      The Global Fund to Fight AIDS, Tuberculosis and Malaria (The Global Fund)

      http://www.mercyusa.org/partneragencies.cfm

    15. Anonymous says:

      Mark, the Marcy International you are talking about is Mercy International Relief Agency and was located in Kenya.

      “The documents also show that Mr. bin Laden used a Kenyan charity, Mercy International Relief Agency, as a front for terrorist operations, the prosecutors say.”

      http://www.nytimes.com/2000/01/23/world/prosecutors-portray-the-strands-of-a-bin-laden-web-of-terror.html?pagewanted=all&src=pm

      Elgindy never donated money to this organization with the simular name.

      You want to paint Elgindy as a terrorist because he donated $5000 to a 501 C Charity organtzation that works with our own Federal Government is absurd

      • si_ravenseye says:

        the following is quoted from the
        Counterterrorism White Paper – Transactional Records Access June 22, 2006
        Department of Justice Counterterrorism Section
        page 18 …Our terrorism financing strategy reflects our expanded exploitation of intelligence information and our focused efforts to utilize all techniques and legal authorities available to cut off funding sources. The tools used in terrorist financing investigations are the standard,
        page 19 time-tested techniques used by the government to ferret out and redress white-collar crime.
        For this reason, terrorist financing investigations occasionally result in the discovery of nonterrorism plots which lead to significant criminal prosecutions. For example, shortly after September 11, prosecutors focused on public allegations that the 9/11 attacks were foreshadowed by massive aberrational investment patterns in the worldwide capital markets, a phenomenon that would have indicated advance knowledge of the plot and an effort to profit from it. Although the prosecutors ultimately found no evidence of these systemic investment patterns, their efforts did uncover a securities fraud plot to take strategic investment advantage of law enforcement information contained in FBI files. The investigation of that plot resulted in the successful prosecution of Amr Elgindy and others:
        • Amr Elgindy, Jeffrey Royer, Troy Peters, Jonathan Dawes, Lynn Wingate,
        Derrick Cleveland and Robert Hansen were charged in the Eastern District of New
        York with RICO conspiracy, insider trading, and conspiracies involving securities
        fraud and obstruction of justice, among other charges, in a case involving stock
        market manipulation and obstruction of justice which began as an investigation into
        whether foreknowledge of the September 11 attacks resulted in capital market
        manipulation. Two of the defendants, Cleveland and Hansen, pled guilty and testified
        against Elgindy and Royer. On January 24, 2005, the jury returned a verdict,
        convicting Elgindy of racketeering, securities fraud and extortion, and convicting
        Royer of racketeering, securities fraud, obstruction of justice and witness tampering. Wingate also pled guilty and Peters awaits trial. On June 19, 2006, Elgindy was sentenced to 108 months in prison on these charges and an additional 27 consecutive months on a separate indictment for false statements and committing an offense while on release.
        Other examples of successful terrorism financing prosecutions include:10 …
        …10 Other examples of terrorist financing 10 cases discussed herein which resulted in convictions include: Al-Amoudi, Infocom, and Hammoud.
        http://trac.syr.edu/tracreports/terrorism/169/include/terrorism.whitepaper.pdf

    16. Anonymous says:

      Sounds like a real terrorist organization Mark. And to think Elgindy actually donated $5000 to this charity. Shocking!!!

      United States

      During 2005, Mercy-USA provided relief to persons from Louisiana affected by Hurricanes Katrina and Rita. Please click here for detailed information on M-USA’s response to these devastating hurricanes.

      Mercy-USA provided $65,000 in cash grants to six major relief organizations directly helping the victims of the September 11, 2001 terrorist attacks on our country. Grants were provided to the American Red Cross ($25,000), The Salvation Army ($15,000), and funds setup by New York Governor George Pataki ($10,000), New York City Mayor Rudolph Giuliani ($10,000) and two firefighters’ associations ($5,000). Through these grants, the survivors, their families, and the rescue and recovery workers received food, personal care items, trauma counseling and other necessary support.

      Mercy-USA has provided food aid, hygiene items, shelter assistance and other relief to the victims of disasters like the Oklahoma City bombing in 1995, the Los Angeles earthquake in 1994, and the severe Iowa floods of 1993.

      http://www.mercyusa.org/pp_us.cfm

    17. Anonymous says:

      Guess your eagle eye missed this post by Elgindy Mark

      To: moby_dick who wrote (20226) 3/12/1999 6:26:00 PM
      From: Anthony@Pacific Read Replies (1) of 116483

      CONGRESS OK’s TROOPS FOR KOSOVO!!!!!

      The children are being massacred and they are losing both parents..to rape and murder…

      Here is the letter I just recieved from MERCY International..I want to Thankeveryone who sent money and Im so grateful to everyone..who donated money for the kids.

      God Bless and Peace to all of you..

      A@P

      XXXXXXXXXXXXX
      Here is the link for MERCY Intl..for those who still havent sent a donation even 20 bucks would be great and please put A@P in the bottom of the ,memeo check,,http://www.mercyusa.org/
      XXXXXXXXXXXXX

      —–Original Message—–
      From:
      To: webmaster@beyondata.com
      Date: Friday, March 12, 1999 2:21 PM
      Subject: Tony ELGINDY Thank you.

      Dear Mr. Tony Elgindy:

      Hope this e-mail finds you in great health and spirit. I personally would like to thank you for your generous recommendations to your clients to donate to MERCY International-USA. In the last week, we have received a number of donations from individuals who mentioned your recommendations. We appreciate your commitment in helping the most needy people around the world. Once again thank you for your generosity, and we look forward to your continuos support.

    18. si_ravenseye says:

      i think it is time that floyd
      lma(zz)o recaps the so called return of donations anthony solicited and why!

    19. si_ravenseye says:

      floyd tell us about the Mother Theresa fund in Macedonia http://www.thestreet.com/story/952295/1/fifteen-minutes-of-fame-and-a-feud-for-message-board-posters.html
      lma(zz)o and the Mother Teresa Humanitarian Organization http://www.zoominfo.com/p/Khaled-Elgindy/18968341

    20. Anonymous says:

      To: makin_dough99 who wrote (32460) 4/23/1999 12:25:00 PM
      From: Matthew Tyson Read Replies (3) of 116484

      Presence,

      If you are sending a check, make it payable to Law Office of Matthew P. TYSON, and put “For MTHO” in the memo.

      Cheers,
      Matt

    21. Anonymous says:

      MTHO trust account info.

      To: unclewest who wrote (37268) 5/28/1999 2:30:00 PM
      From: Matthew TYSON Read Replies (1) of 102325

      Mother Tereza CHARITY Information:

      Mother Tereza Humanitarion Organization
      C/O TV-ERA Channel 0 in Skopje
      SKopje R. Macedonia
      Qairska 38, Skopje, 91000
      Tax deductible Number # 2281-8724-1
      (Macedonia) 011-389-91-115-322 Voice
      (Macedonia) 011-389-91-113-263 Fax

      MTHO International Wiring Instructions:
      STOPANSKA BANKA A.D. SKOPJE
      Swift Code: STOB MK 2X
      Account #: 25731000-26011
      Account of Mother Tereza Organization
      Incl. name and address to receive letter for taxes

      MTHO Local Wiring Instructions:
      Peninsula Bank of San Diego
      ABA# 122234822
      Acct# 161419301
      Name: State Bar of California,
      Matthew P. TYSON, Attorney at Law,
      Client Trust Account
      Incl. name and address to receive letter for taxes

      MTHO Local Mailing Instructions:
      Law Office of Matthew P. Tyson
      3725 Talbot Street, Suite 324
      San Diego, CA 92106
      ATTN: MTHO Trust Account

    22. si_ravenseye says:

      Internet Gadfly Meets a Fraud Case He Doesn’t Like
      BY Beth Kwon| 12/02/99
      http://www.thestreet.com/story/830698/1/internet-gadfly-meets-a-fraud-case-he-doesnt-like.html
      …He’s parlayed that pseudo-stardom into Anthony@Pacific, a private trading site he launched in May, attracting some 300 members to pay $600 a month for his trading calls. In October, he helped fund a new investor message board, WallStreetStand, which had 500 members signed up even before it officially launched…

      …Add to that a recent split with Matt Tyson, Elgindy’s former lawyer, who was also the Web master and owner of his private site, and it promises a circus of accusations.

      To hear Elgindy tell it, there was a financial dispute between Tyson and Elgindy. (Tyson’s company, TC Ventures, owned and operated Elgindy’s private site.) It worsened when, Elgindy says, Tyson refused to let a third party handle the money. Tyson, on the other hand, says his company delivered checks for roughly $40,000 per month to Elgindy and that Elgindy violated their contract by telling members to cancel their memberships and by steering them to another private site he was building….
      lma(zz)o wallstreetstand stranded?
      http://www.thefreelibrary.com/TheTruthseeker.com+Announces+Investment+Opinion+on+ZanyBrainy.com.-a056280235
      NEWTON, N.J.–(BUSINESS WIRE)–Oct. 14, 1999–
      …In addition TheTruthSeeker.com would also like to announce that it has Initiated a public interactive Free stock discussion thread on the Net’s Newest Message Board Site, The WallStreetStand.com, http://www.wallstreetstand.com

      “We looked at Yahoo, (NADSAQ: YHOO), Raging Bull, and Go2Net’s Silicon Investor, (NASDAQ: GNET), and the WallStreetstand.com site, and we were impressed by the quality of the site and the accountability that people will find there, hands down, it is the best Message Board site on the net, bar none” said Floyd Schneider, CEO of Thetruthseeker.com …

    23. si_ravenseye says:

      12/10/2000 9:49:48 PM
      From: Anthony@Pacific
      Read Replies (2) of 116486
      Attention everyone !!!

      Starting Tomorrow, The Truthseeker and all his future and past reports as well as PEI reports can be found at:

      insidetruth.com <—BOOKMARK THIS

      truthseeker.com is dead and has been abandoned ..NEVER go there again…. The truth cannot be extorted !!
      http://www.siliconinvestor.com/readmsg.aspx?msgid=14990730
      lma(zz)o Aaron Elstein, Banker Is on a Mission To Become 'Truth Police', Wall St. J. Interactive Ed., Nov. 2, 1999
      …the U.S. Securities and Exchange Commission requires people who are compensated for recommending securities to more than 15 people to register with the agency…

      • si_ravenseye says:

        4/21/2001 8:28:44 PM

        From: Anthony@Pacific

        Read Replies (6) of 116486

        Notice of termination of all association with The truthseeker.

        As of Yesterday.

        I wish him luck in his current business venture as a paid researcher/basher..

        I dont pay for any posts..period and I’m not gonna start ever doing that.

        Please dont ask me to elaborate , just know that he is being paid now by outside parties.

        He has done some good work and we have had some good times , but all good things must come to an end..someday.

        Peace,
        A@P
        http://www.siliconinvestor.com/readmsg.aspx?msgid=15699947

    24. Anonymous says:

      To: Anthony@Pacific who wrote (32247) 4/23/1999 12:09:00 PM
      From: Matthew Tyson Read Replies (7) of 116486

      RE: Helping Anthony’s Cause in Kosovo

      It has come to my attention that some people are having difficultly arranging donations to the Mother Tereza Humanitarian Organization (Tax deductible Number # 2281-8724-1). To simplify matters, I can collect funds in a trust account, and then forward the trust funds via wire in lump sums to MTHO.

      If you would like to send funds to the trust account, mail to:

      Law Office of Matthew P. Tyson
      3725 Talbot Street, Suite 324
      San Diego, CA 92106
      ATTN: MTHO Trust Account

      Or, you can wire funds to:

      Peninsula Bank of San Diego
      ABA# 122234822
      Acct# 161419301
      Name: State Bar of California, Matthew P. Tyson, Attorney at Law, Client Trust Account

      I will forward the funds via wire to:

      Mother Tereza Humanitarion Organization
      C/O TVERA Channel 0 in Skopje
      SKopje R. MacedoniaQairska 38, Skopje, 91000
      Tax deductible Number # 2281-8724-1

      Thank you Richard Miller for your help and ideas!

      • si_ravenseye says:

        The Strange Life and Stranger Death of Paul Brown
        Is this a case of another smart guy doing a dumb thing, or something more sinister?
        By: STEVEN COLE SMITH on 10/05/2002
        …Attorney Ken Breen initially alleged that Elgindy’s source of inside information may have even deeper implications. Breen told a federal judge the Cairo-born financial analyst may have known about the terrorist attacks of September 2001; at Elgindy’s detention hearing, Breen speculated, “Perhaps Mr. Elgindy had pre-knowledge of the Sept. 11 attacks. Instead of trying to report it, he tried to profit from it.”

        On Sept. 10, Breen says Elgindy called his broker and tried to liquidate a $300,000 fund, because, he reportedly told the broker, the Dow Jones industrial average would soon collapse to 3000 points, at a time when it was 9000. Breen also said that in the months leading up to Sept. 11, Elgindy transferred $700,000 to Lebanon, where he owns a home.Elgindy’s attorneys deny any wrongdoing, and any connection to the Sept. 11 terrorist attacks. Prosecutors and federal investigators have since dropped allegations linking Elgindy to Sept. 11.

        Elgindy has had legal problems before. He was indicted on nine counts of fraud in 1999 in Texas, and pleaded guilty to one, serving four months in jail despite the testimony of character witnesses that he was a supporter of Mother Teresa’s ministry. Elgindy was apparently not beloved by his Texas neighbors: One complained he would blast through the stop signs in his Fort Worth residential neighborhood in his Ferrari Testarossa.A report in the San Diego Union-Tribune quoted Elgindy’s former attorney, Matthew Tyson, who sued his own client for libel and emotional distress and won a $155,000 judgement. “He threaten-ed to hunt me down and somehow strike me with his shoes, with his foot, and made some threat about hanging me by [an anatomical part],” Tyson told the newspaper…

        Read more: http://www.autoweek.com/article/20021005/free/210050702#ixzz2WWDSkPUl

    25. Mark Mitchell says:

      From History Commons:

      Profile: Mercy International
      Mercy International was a participant or observer in the following events:
      1988-Spring 1995: KSM’s Brother Works for Charity Allegedly Connected to CIA Zahid Shaikh Mohammed, the brother of 9/11 mastermind Khalid Shaikh Mohammed (KSM), works as the head of the Pakistani branch of the charity Mercy International. A book published in 1999 will allege that this charity, based in the US and Switzerland, was used by the CIA to funnel money to Muslim militants fighting against US enemies in places such as Bosnia and Afghanistan (see 1989 and After). It is not known when Zahid got involved with the charity, but he is heading its Pakistani branch by 1988, when his nephew Ramzi Yousef first goes to Afghanistan (see Late 1980s). [Reeve, 1999, pp. 120] In the spring of 1993, US investigators raid Zahid’s house while searching for Yousef (see Spring 1993). Documents and pictures are found suggesting close links and even a friendship between Zahid and Osama bin Laden. Photos and other evidence also show close links between Zahid, KSM, and government officials close to Nawaf Sharif, who is prime minister of Pakistan twice in the 1990s. The investigators also discover that Zahid was seen talking to Pakistani President Farooq Ahmad Khan Leghari during a Mercy International ceremony in February 1993. [Reeve, 1999, pp. 48-49, 120] But despite the raid, Zahid apparently keeps his job until about February 1995, when Yousef is arrested in Pakistan (see February 7, 1995). Investigators learn Yousef had made a phone call to the Mercy office, and there is an entry in Yousef’s seized telephone directory for a Zahid Shaikh Mohammed. Pakistani investigators raid the Mercy office, but Zahid has already fled. [United Press International, 4/11/1995; Guardian, 9/26/2001; McDermott, 2005, pp. 154, 162] It is unclear what subsequently happens to Zahid. In 1999 it will be reported that he is believed to be in Kuwait, but in 2002 the Kuwaiti government will announce he is a member of al-Qaeda, so presumably he is no longer welcome there. [Reeve, 1999, pp. 48; Los Angeles Times, 9/1/2002] Mercy International’s Kenya branch will later be implicated in the 1998 US embassy bombing in that country, as will KSM, Zahid’s brother (see Late August 1998).
      Entity Tags: Ramzi Yousef, Zahid Shaikh Mohammed, Khalid Shaikh Mohammed, Mercy International
      Timeline Tags: Complete 911 Timeline, 9/11 Timeline

      1989 and After: CIA Supposedly Supports Muslim Charity Tied to Bin Laden
      Mercy International USA’s logo. [Source: Mercy International USA]The 1999 book Dollars for Terror will allege that in 1989, Mercy International, a “subsidiary of the Muslim Brotherhood, was able to establish its headquarters in the United States, in the state of Michigan, with the assistance of the CIA. The Agency provided significant logistical and financial support to this ‘humanitarian’ organization, enabling it to act clandestinely in the various Balkan conflicts as well as within the Muslim communities of several Russian republics.” [Labeviere, 1999, pp. 364] Mercy International will later be tied to al-Qaeda in a number of ways. For instance, in the mid-1990s its Pakistan branch will be headed by Zahid Shaikh Mohammed, brother of 9/11 mastermind Khalid Shaikh Mohammed (see 1988-Spring 1995). [Los Angeles Times, 9/1/2002] Its Kenya branch will be tied to the 1998 US embassy bombing there. Its Philippine branch is tied to Mohammed Jamal Khalifa, bin Laden’s brother-in-law. [Burr and Collins, 2006, pp. 128, 188-189] Branches of this charity in different countries have slightly different names such as Mercy International-USA and Mercy International Relief Agency, and it has been claimed that the US branch has no connection with the terrorism-related branches. However, a 2003 article will draw links between the US branch and other branches. [National Review, 9/4/2003]
      Entity Tags: Central Intelligence Agency, Mercy International, Mohammed Jamal Khalifa, Zahid Shaikh Mohammed, Muslim Brotherhood
      Timeline Tags: Complete 911 Timeline
      Late 1996-August 20, 1998: US Intelligence Monitors Charity Tied to Al-Qaeda Cell in Kenya US intelligence begins monitoring telephones connected to the Kenyan branch of the charity Mercy International. By mid-1996, US intelligence began wiretapping telephones belonging to Wadih El-Hage, an al-Qaeda operative living in Nairobi, Kenya, and the NSA is also monitoring bin Laden’s satellite phone. By the end of 1996, the number of monitored phones in Kenya increases to five, and two of those are to Mercy International’s offices. What led investigators to this charity is unknown, and details of the calls have never been revealed. [New York Times, 1/13/2001] The Mercy International office will be raided shortly after the 1998 African embassy bombings (see 10:35-10:39 a.m., August 7, 1998), and incriminating files belonging to El-Hage will be found there (see October 1997). It will be discovered that the office worked closely with al-Qaeda. For instance, it issued identity cards for al-Qaeda leaders Ali Mohamed, Mohammed Atef, and even bin Laden himself. [Bergen, 2001, pp. 140; Financial Times, 11/28/2001] An al-Qaeda defector, L’Houssaine Kherchtou, will testify in a 2001 trial that al-Qaeda was heavily interacting with Mercy International’s Kenya branch, and a number of employees there, including the manager and accountant, were actually al-Qaeda operatives. [United State of America v. Usama bin Laden, et al., Day 8, 2/21/2001] A receipt dated just two weeks before the embassy bombings made a reference to “getting the weapons from Somalia.” [New York Times, 1/22/2000] Most crucially, there were a number of calls between Mercy director Ahmad Sheik Adam and bin Laden. [East African, 2/16/2000] And Adam’s mobile phone was used 12 times by El-Hage to speak to bin Laden or his associates. Presumably, such calls would have drawn obvious attention to the Kenya al-Qaeda cell and their embassy attack plans, yet none of the cell members were arrested until after the attack. The Kenya branch of Mercy International will be shut down by the end of 1998, but in 2001 it will be reported that Adam continues to live in Kenya and has not been arrested. [Agence France-Presse, 12/17/1998; BBC, 1/3/2001]
      Entity Tags: US intelligence, Wadih El-Hage, Osama bin Laden, Ahmad Sheik Adam, Mercy International, National Security Agency, L’Houssaine Kherchtou
      Timeline Tags: Complete 911 Timeline
      October 1997: US Intelligence Stops Monitoring Al-Qaeda Cell in Kenya Despite Evidence It Is Planning an Attack
      Fazul Abdullah Mohammed. [Source: Daily Nation]Shortly after the US raid on Wadih El-Hage’s house in Nairobi, Kenya (see August 21, 1997), US investigators discover a letter in the house that mentions a cache of incriminating files had been moved from the house and hidden elsewhere. Investigators suspect the files could contain evidence of a coming attack by El-Hage’s Nairobi cell. A law enforcement official later says US investigators begin a “somewhat frantic, concerted effort” to locate the missing files. “The concern was high enough about something being out there to go right away.” A search for the files is conducted at another location in Kenya in September 1997, but the files are not found. [New York Times, 1/9/1999] But despite this search, and even though other documents found in the raid refer to other unknown members of the cell and the imminent arrival of more operatives (see Shortly After August 21, 1997), the wiretaps on five phone numbers connected to El-Hage are discontinued in October 1997, one month after El-Hage moved to the US (see September 24, 1997). Fazul Abdullah Mohammed (a.k.a. Haroun Fazul), who had been living with El-Hage and using the same phones as him, takes over running the cell. US intelligence will resume monitoring the phones in May 1998 and continue to monitor them through August 1998 (see May 1998), when the cell will successfully attack US embassies in Kenya and Tanzania (see 10:35-10:39 a.m., August 7, 1998). It will be stated in the 2002 book The Cell, “The hardest thing to understand in retrospect is why US law enforcement did nothing else to disrupt the activities of the Nairobi cell” after the raid on El-Hage’s house. [New York Times, 1/13/2001; Miller, Stone, and Mitchell, 2002, pp. 203-205] The files will be found only after the African embassy bombings, when the offices of the charity Mercy International are searched on August 20, 1998. They will contain incriminating information, including numerous phone calls from bin Laden to Nairobi. [United States of America v. Usama Bin Laden, et al, 3/20/2001] It is not clear why the charity was not searched before the attacks, since two of the five phones monitored since 1996 were to Mercy’s Kenya offices (see Late 1996-August 20, 1998).
      Entity Tags: Fazul Abdullah Mohammed, Mercy International, US intelligence, Wadih El-Hage
      Timeline Tags: Complete 911 Timeline
      May 1998: US Intelligence Resumes Monitoring Al-Qaeda Cell in Kenya US intelligence resumes monitoring the al-Qaeda cell in Kenya, and continues to listen in all the way through the US embassy attacks that the cell implements in August 1998 (see 10:35-10:39 a.m., August 7, 1998). US intelligence had begun wiretapping five phones used by the cell by late 1996, including the phones of cell leader Wadih El-Hage and two phones belonging to Mercy International, a charity believed to have been used as a front by the Kenya cell. The monitoring stopped in October 1997, though it is not clear why. The New York Times will report that “after a break, [monitoring] began again in May 1998, just months before the bombing and precisely during the time the government now asserts the attack was being planned.” It is not known what caused the monitoring to resume nor has it been explained how the cell was able to succeed in the embassy attacks while being monitored. [New York Times, 1/13/2001]
      Entity Tags: Mercy International, Al-Qaeda, Wadih El-Hage
      Timeline Tags: Complete 911 Timeline
      1999: Al Taqwa Figure Connects to Militants in Algeria, Bosnia, and Kosovo A list of Al Taqwa Bank shareholders as of December 1999 includes Khaldoun Dia Eddine, who is also president of the Committee to Aid Refugees of Bosnia-Herzegovina. [Salon, 3/15/2002] He is said to work closely with Ahmed Idris Nasreddin, one of the top Al Taqwa figures. In 1999, it is alleged that Eddine was also the head of the Gulf Office, an Al Taqwa subsidiary that the Italian government investigated in 1994 for its ties with the GIA, an Algerian militant group connected to al-Qaeda. Eddine also works for Mercy International, a Muslim charity with numerous ties to al-Qaeda and also alleged ties to the CIA (see 1989 and After). By 1999, Eddine is managing the Mercy International office in Tirana, Albania, and is said to be managing “one of the principal channels for weapons delivery for the Kosovo Liberation Army, with the financial and logistic support of the Muslim World League.” [Labeviere, 1999] There is no indication that Eddine is ever later arrested or charged with any crime.
      Entity Tags: Mercy International, Al Taqwa Bank, Ahmed Idris Nasreddin, Committee to Aid Refugees of Bosnia-Herzegovina, Groupe Islamique Armé, Muslim World League, Khaldoun Dia Eddine, Kosovo Liberation Army
      Timeline Tags: Complete 911 Timeline, Kosovar Albanian Struggle
      Early 1999: FBI Fails to Pursue Possible Connection Between BMI and Embassy Bombings BMI Inc. is a New Jersey-based investment firm with connections to a remarkable number of suspected terrorist financiers (see 1986-October 1999). In 1999, a former BMI accountant contacts the FBI and says that he believes BMI is supporting terrorism. He claims that money he “was transferring overseas on behalf of the company may have been used to finance the embassy bombings in Africa.”(see 10:35-10:39 a.m., August 7, 1998) US investigators establish a financial link between BMI and an Islamic charity named Mercy International. A Nairobi, Kenya, branch of that charity helped support the embassy bombings. FBI agent Robert Wright’s Vulgar Betrayal investigation had recently discovered evidence suggesting a link between Saudi multimillionaire Yassin al-Qadi and the embassy bombings (see October 1998), and al-Qadi is a major investor of BMI. The Vulgar Betrayal investigation begins looking at this new possible link. BMI president Soliman Biheiri hears that FBI agent Gamal Abdel-Hafiz has been told about this, and he asks to meet with Abdel-Hafiz to explain. Apparently, he does not realize that Abdel-Hafiz is an undercover FBI agent. Wright asks Abdel-Hafiz to wear a wire to the meeting, and Abdel-Hafiz refuses to do so (see Early 1999-March 21, 2000). Apparently the meeting with Biheiri never takes place and the possible connections between BMI and the embassy bombings are not fully investigated before 9/11. [Wall Street Journal, 11/26/2002; Washington Post, 8/20/2003; Frontline, 10/16/2003]
      Entity Tags: Gamal Abdel-Hafiz, Mercy International, Federal Bureau of Investigation, BMI Inc., Soliman Biheiri, Robert G. Wright, Jr., Vulgar Betrayal
      Timeline Tags: Complete 911 Timeline
      December 21, 1999: FBI Misses Chance to Discover Moussaoui’s Al-Qaeda Connections The FBI misses a chance to learn about Zacarias Moussaoui after a raid in Dublin, Ireland. On December 14, 1999, Ahmed Ressam was arrested trying to smuggle explosives into the US (see December 14, 1999). On December 21, Irish police arrest Hamid Aich and several other North African immigrants living in Dublin. [New York Times, 1/22/2000] During the arrests, police seize a large amount of documents relating to citizenship applications, identities, credit cards, and airplane tickets. A diagram of an electrical switch that could be used for a bomb is found that is identical to a diagram found in Ressam’s apartment in Vancouver, Canada. [Irish Times, 7/31/2002] The suspects are released about a day later, but, “Within days, authorities in Ireland and the United States began to realize that they might have missed a chance to learn more about a terrorist network.” [New York Times, 1/22/2000] It is discovered that Aich lived with Ressam in Montreal, and then later lived with him in Vancouver. Investigators conclude there has been an al-Qaeda cell in Dublin since the early 1990s, when the charity Mercy International opened an office there (this charity has several known al-Qaeda connections by this time (see 1988-Spring 1995 and Late 1996-August 20, 1998) and also an alleged CIA connection (see 1989 and After)). The cell is mainly involved in providing travel and identity documents for other cells committing violent acts. Investigators also connect Aich to the Islamic Jihad. But the US and Canada do not seek Aich’s extradition, and instead have the Irish police keep him under surveillance. He will escape from Ireland shortly before 9/11 (see June 3, 2001-July 24, 2001). [New York Times, 1/22/2000; Irish Times, 7/31/2002] Apparently, many of the documents seized in the raid will only be closely examined after 9/11. Documents will show that in 1999 and 2000, Mustafa Ahmed al-Hawsawi, a top al-Qaeda financier, worked with the Dublin cell to finance Moussaoui’s international travel. Aich made travel arrangements and possibly provided fake identification for Moussaoui. [Fox News, 7/30/2002; Irish Times, 7/31/2002] Presumably, had these links been discovered after the 1999 raid instead of after 9/11, events could have gone very differently when Moussaoui was arrested in the US in August 2001 (see August 16, 2001).
      Entity Tags: Zacarias Moussaoui, Al-Qaeda, Mercy International, Islamic Jihad, Hamid Aich, Ahmed Ressam, Federal Bureau of Investigation, Mustafa Ahmed al-Hawsawi
      Timeline Tags: Complete 911 Timeline, 9/11 Timeline
      June 3, 2001-July 24, 2001: Al-Qaeda Leader Escapes Ireland Despite Being under Surveillance On June 3, 2001, a British newspaper reveals that Hamid Aich, who is on the FBI’s international wanted list, is living in Dublin where he is applying for asylum. [Mirror, 2/18/2001; News of the World, 6/3/2001] Irish intelligence has been monitoring Aich’s movements since 1997, when authorities tied him to the mass murder of 77 tourists in Luxor, Egypt (see November 18, 1997). [Mirror, 10/17/2001; Daily Telegraph, 11/8/2001] He has since been linked to a number of militant groups (see, e.g., December 14, 1999). It is believed that between 1999 and 2001, Aich assisted 22 Islamic terrorist organizations, and even funded non-Islamic groups, for instance giving $200,000 to the ETA, a separatist group in the Basque region of Spain. Aich was also the director of Mercy International’s Ireland branch. (This charity has several known al-Qaeda connections by this time (see 1988-Spring 1995 and Late 1996-August 20, 1998).) Despite these connections, he will continue to live openly in Dublin after the newspaper discloses his location. [Mirror, 9/17/2001] Irish authorities only publicly say, “Aich’s case is at a very delicate stage.” [News of the World, 6/3/2001] Then, on July 24, he leaves Ireland using a false passport. The FBI, which took no action against him while he was living in Dublin, is reportedly “furious” with Irish police for allowing him to escape. He has not been heard of since, and he has not been included in any known lists of wanted al-Qaeda leaders. It is believed that Aich eventually ends up in Afghanistan. After 9/11, Aich will be described as “one of the FBI’s chief targets” and “one of bin Laden’s most trusted men” who ranks seventh in al-Qaeda’s hierarchy. [Mirror, 9/17/2001]
      Entity Tags: Hamid Aich, Zacarias Moussaoui, Federal Bureau of Investigation, Mercy International, Al-Qaeda, Ahmed Ressam
      Timeline Tags: Complete 911 Timeline

    26. si_ravenseye says:

      Unclassified
      Commission Sensitive
      Memorandum for the Record
      Event: Interview of Ken Breen, AUSA, EDNY
      Type of Event: On-the-Record Interview
      Date of interview: 4/23/04
      Date memo prepared: 4/27/04
      Special Access Issues: At the conclusion of the interview, we agreed to refrain from
      discussing specifics of the pending Elgindy case publicly.
      Prepared by: Doug Greenburg
      Team Number: 4
      Location: DOJ Command Center
      Classification: Unclassified…
      …Breen said he had reasons to believe Elgindy may have had advance knowledge of 9111. When asked what those reasons were, he said (1) Elgindy lived in San Diego and had once relocated a Macadonian family within 3 blocks of where the hijackers lived; (2) tipsters hostile to Elgindy told the FBI he supported Bin Ladin; (3) comments Elgindy made in an on-line chat room on 9/10/01 suggested he thought the U.S. was in big trouble; (4) Elgindy had donated to Mercy International, which was linked to UBL; (5) the supervisor of allegedly corrupt FBI SA Royer (who was indicted for leaking information to Elgindy) said that after 9/11 Royer said that before 9/11 Elgindy told him a big event was coming;and (6) Elgindy made a number of calls to Hamburg, lncluding on 9/11….
      http://media.nara.gov/9-11/MFR/t-0148-911MFR-00074.pdf

    27. Anonymous says:

      “A similarly false allegation that the government seeks this Court’s approval to put before the jury is an accusation that came from Matt TYSON, a person who by the government’s own description was an Uestranged fonner Elgindy business associate” and who was at the time involved in a lawsuit against Mr. Elgindy. (Gov’t Mem. at 13.) TYSON reported, among other things, that Mr. Elgindy had donated $5000 to an organization called “MERCY USA,” an organization he believed was previously known as “MERCY International.” (A Confidential 0062.) While TYSON originally described this organization as a “charity to benefit children in developing nations,” he soon thereafter advised the FBI that a published letter he had viewed indicated that MERCY International “purchased the vehicles that were used by Osama Bin Laden to bomb the U.S. embassies both in Kenya and Tanzania.” (Gov’t Mem. at 15-16; A 3681.) The implication that TYSON apparently hoped to suggest through his reports -that Mr. Elgindy had contributed to a charity that supports terrorism -turned out to be false. As indicated in a later FBI 302, MERCY International Relief Agency, the terrorist-supporting-organization, and MERCY “International-USA, the legitimate charity, were separate and distinct entities and the FBI was “unaware of any association Elgindy might have with” the former. (A Confidenial

      investigatethesec.com

    28. si_ravenseye says:

      did elgindy pay tyson the $155,000 court awarded judgement?

    29. Anonymous says:

      Mark, Mercy USA is a 501 C charity which our own Government is working with.

      Because Elgindy donated $5000 to this charity to want to paint him as a terrorist that knew about 9/11.

      Senator Edward KENNEDY greets Elgindy

      To: Anthony@Pacific who wrote () 7/18/1999 1:04:00 AM
      From: Anthony@Pacific Read Replies (3) of 29

      Last night sometime in the dark night a small single engine plane , a Piper Went down somewhere in the ATLANTIC, aboard that plane was a great man and by association, a wonderful woman and sister in law,, This man Ive met only a few times, on a social level, A Heavy Weight Fight,a dinner , a few drinks and upon my return from KOSOVO, he along with his uncle, Senator Ted KENNEDY met me along with the first two refugges ever to come to our shores..He inspired me and used his wealth to help the poorest children in the world, and from him I learned that fame and wealth dont necessarily mean you have to be a glutton and that moderation is essential for being happy, A quiet and modest man who took great pride in his work..His position and stature in this Country put him at the same level of Royalty in Britain and as we all watched in Horror when Princess Diana lost her life along with her Fiancee in a tunnel in Paris,, the world mourned..Now we see again another example of Lifes value and how each and every one of us will in fact return to dust, where we came from…

      I urge every single person, wherever you are,whatever you do to learn something from this tragedy..

      All mankind is from Adam & Eve, an American has no superiority over a non American nor a non American has superiority over an American: also a white has no superiority over black nor a black has superiority over white. The only thing that makes one person rise above others are his actions, words are meaningless, actions are everything. Learn that every human is a brother to every other human and by hurting him you only diminish yourself.

      We are all here for a brief visit and how you touch others determines your value..Dont take what isnt yours and only what you earned or is freely given. We are all created equal infront of God but we each have very unique roles to play, so respect those around you, even if you differ on certain things.. We are all from the same House.

      Treat your spouse with love care and your children with compassion and mercy, for they will carry your love or rage till they meet their end as well. Lastly you should always want for your brother the same as what you want for yourself..

      Never attack but only defend or prosecute those who hurt the innocent and less sophisticated..Your reward will come later. In this I believe.

      If we all did these things, we would all know what happiness is, John ..knew these things.

      I will miss you , you were a great man.

      I offer my deepest condolences to you and your family, may God bless your soul and watch over you ..

      Rest In Peace,

      Friend,
      Anthony

    30. Anonymous says:

      More terrorists according to Mark

      July, 1996

      US Senator Visits Mercy Headquarters

      On February 9, 1996 U.S. Senator Carl Levin (D-MI) and an aide, Ms. Erin Barthel, visited Mercy’s Headquarters. The Senator spent about an hour discussing Mercy’s activities and ways in which he may be of assistance.

      Mercy would like to thank Senator Levin and Ms. Barthel for their visit and their subsequent assistance. Mercy looks forward to their continued support and advice.

      July, 1996
      Mercy Honored By the First Lady

      As one of the relief organizations working in Bosnia, Mercy was honored by the First Lady at a White House ceremony on January 29, 1996.

      At that ceremony, Hillary Rodham Clinton announced a multiethnic initiative aimed at treatment for victims of trauma in Bosnia. Mercy is expected to participate in this initiative. Mercy’s President, Umar al-Qadi, presented an original painting to Mrs. Clinton as a token of appreciation for her efforts in publicizing the needs of the Bosnian people. The painting was done by a Bosnian artist, Aldin Hadzic.

      July, 1996

      Aid to US Congresswoman Lynn Rivers Visits Mercy Headquarters

      Ms. Faith Perosky, aid to US Congresswoman Lynn Rivers (D-MI), visited Mercy’s headquarters on February 6, 1996. Umar al-Qadi introduced her to the organization. Ms. Perosky expressed Ms. Rivers’ support and offered to help. Mercy thanks Ms. Perosky for her kind visit.

      July, 1999
      Back to table of contents

      Board member Dr. Shahida Khan
      and President Umar al-Qadi
      greeting President Clinton.

      Mercy Delegation Invited to President Clinton’s Address

      An eight-member delegation from Mercy-USA was invited by the White House to attend President Bill Clinton’s special address on Kosovo during his visit to the metro Detroit area on April 16. This delegation consisted of Board members, Dr. Shahida Khan and Mr. Syed Salman, President & CEO Mr. Umar al-Qadi and five community activists and special supporters. Members of the delegation expressed their strong support for Clinton’s humanitarian relief efforts on behalf of the Kosovar refugees.

      On April 21, the White House invited Mercy to attend a special event organized by the First Lady Hillary Rodham Clinton in Washington, DC. This event was designed to encourage business leaders to assist in Kosovar refugee relief efforts, and Mrs. Clinton was the keynote speaker. Board Chairperson Ms. Zakia Mahasa represented the organization at this function.

    31. Anonymous says:

      Mark, the World need to know. And in the spirit of DeepCapture I am going to send your blog to everyone on MercyUSA board of Directors.

      They all need to know what you have discovered about the terrorist organization they all belong to according to you.

      Board of Directors

      Chairperson

      Ms. Iman Elkadi, Licensed Clinical Social Worker in Private Practice in Tampa, FL

      Vice-Chairperson

      Dr. Ali El-Menshawi, MD Psychiatrist in Private Practice in Orlando, FL

      Treasurer

      Mr. Melvin Bilal, Attorney-At-Law in Baltimore, MD

      Members

      Mr. Hassan Amin, Licensing Coordinator, State of Maryland Department of Human Resources & Imam at Johns Hopkins University (Homewood Campus) and Johns Hopkins Hospital

      Dr. Hoda Badr, Assistant Professor at Mount Sinai School of Medicine in New York, NY

      Dr. Ahmad K. M. Elshennawy, Professor and Associate Chair, Department of Industrial Engineering & Management Systems, University of Central Florida, Orlando, FL

      Senior Officers

      Mr. Umar al-Qadi, President and Chief Executive Officer & Secretary
      Mr. al-Qadi joined Mercy-USA in 1989.

      Mr. Anas Alhaidar, Chief Financial Officer
      Mr. Alhaidar joined Mercy-USA in 1990.

    32. si_ravenseye says:

      floyd maybe you should consider rereading what mark wrote earlier concerning and i quote “Again, later chapters of this series will be devoted entirely to the true story of Anthony Elgindy and his short selling syndicate”
      lma(zz)o we’ll welcome reading your explaination as to why you were on than off his defense witness list before a jury of his peers found him guilty of multiple counts, 11 counts infact, five counts of securities fraud, a count of racketeering conspiracy, a count of securities fraud conspiracy, a count of extortion, a count of extortion conspiracy, and two counts of wire fraud. your pal didn’t even testify in his own defense, nor did you after leading him on that you would ya big tease. are you tring to make up for letting him down when he needed you to tell the jury what he wouldn’t before his scheduled release from federal prison next week wednesday?

    33. Anonymous says:

      The Elgindy phone calls to Germany. Its from the documents that where posted on investigatethesec.com

      =========================================================

      The government apparently intends to introduce to the jury the fact that the FBI was investigating three phone calls from Mr. Elgindy’s home phone allegedly to numbers in GERMANY, including one call on September 11, 2001. (A Confidential 0098.)1 Based on recent conversations and the description ofthe phone calls on page 20 ofthe government’s memorandum, our best understanding is that the government apparently continues to view these calls as suspicious and significant because certain Al Qaeda operatives involved in the September 11 th attacks operated out ofHamburg, Gennany. What the government apparently has never learned, and what they easily could have discovered, is the ironic fact that far from being calls to terrorists in Gennany, these calls were to Ms. Elgindy’s sister and her brother-in-law, who at the time was serving in the United States Anny stationed in Gennany. In fact, among the documents seized by the government when searching Mr. Elgindy’s home was the rolodex ofMr. Elgindy’s wife, which shows that the phone numbers the government is alleging were terrorist-related

    34. Anonymous says:

      Thats right!! Call your sister and her brother-in-law who at the time was serving in the United States Army on 9/11 in Hamburg Germany and be called a terrorist by your government.

      Where else but America?

    35. si_ravenseye says:

      while the rest of the world watched tv in shock on 9/11
      anthony wouldn’t even turn on tv per his chat log
      lma(zz)o floyd why did he inform his broker the dow was going to go from 9k to 3k? if that wasn’t cause to investigate if he had preknowledge of 9/11, what is? i find it odd that you lambast companies but find fault in a justice system that by design is to protect you too!

    36. sean says:

      About freakin time!! Should be for ALL settlements!!!

      SEC to require mea culpas in some big settlements

      The Associated Press

      Wednesday, June 19, 2013 | 12:19 a.m.

      The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements.

      Currently the SEC allows companies and individuals to settle charges without admitting or denying wrongdoing. Critics, including a federal judge, have complained that policy doesn’t deter repeat violations.

      Mary Jo White says the SEC will now demand admissions in cases involving serious fraud or harm to investors, and where “it’s very important to have that public acknowledgement and accountability.” She disclosed the planned policy change Tuesday at a conference organized by The Wall Street Journal.

      At the same time, White said the SEC will retain “no admit or deny” for most enforcement cases, calling it an important tool for winning settlements.

      Read more: http://www.lasvegassun.com/news/2013/jun/19/us-sec-white/#ixzz2WgZXTWpP

      • si_ravenseye says:

        too bad it took US district judges to enlighten the sec
        ie citigroup and sac capital advisors and not we the people.
        there is a lot of settlement money hanging in limbo pending the disposition of appeal.

    37. Anonymous says:

      Raven, Elgindy called his broker to liquidate a childs mutual fund account worth $300,000 the day before 9/11. He made no calls to any other brokers to liquidate any of his long positions nor did you short more or buy puts.

      In fact on the day of 9/11 he posted the following

      To: American Spirit who wrote (73390) 9/12/2001 3:13:23 AM
      From: Anthony@Pacific Read Replies (3) of 116493

      I am requesting that All Americans Unite & Do NOT short US Airlines, The dollar, or the REITs involved In New York RealEstate. We as Americans should unite and offer support for this economy now at a time when we need it most.

      Its us shorts who will lend the helping hand offering liquidity to those who need to sell.

      But I aplologize I cannot cover scams and or stocks like GENI that are propped up BY Scumbag Arms Dealers like Krappogi. I wil not cover my portfolio since I ams hort mainly the crap of the market run by the scum of the earth.
      I believe that Krappoggi is directly in getting arms and aid to these terrorist groups and as a result My resolve to stay short is till the death of either me or the stock which ever comes first

      PEACE

      A@P

      And on 9/11 he posted this:

      To: Boquacious who wrote (73352) 9/11/2001 2:08:44 PM
      From: Anthony@Pacific of 116493

      GIVE BLOOD!!

      www1.internetwire.com

      InsideTruth.com Offers Its Deepest Sympathies And Condolences To Everyone In New York, Washington DC. And The Nation As A Whole.
      SAN DIEGO, CA — (INTERNET WIRE) — 09/11/2001 — A Cowardice act of unprecedented proportion has come crashing down on our Nation.We must seek, find , apprehend and destroy those who are Responsible for this Terrorist Attack.

      From The Staff of InsideTruth.com , Pacific Equity Investigations and the members of AnthonyPacific.com.

      We offer our deepest condolences & heart felt wishes to This Great Nation.

      May God Have Mercy On Us All.

      Anthony Elgindy

      Investigative Director

      ——————————————————————————–
      Contact: Anthony Elgindy
      Company: Pacific Equity
      Phone: 760-635-5900
      Email: anthony@anthonypacific.com

    38. si_ravenseye says:

      his broker was concerned enough to report the conversation despite what a@p wrote after the 9/11 attack. royers supervisor also reported what royer claimed to have been told, so does that mean the fbi was suppose to ignore that too? it’s his actions that put him in the spot light where he loved to be when it served his agenda and he has no one to thank but himself. reread his chat log 9/11, he knew they’d come a knocking even you can’t deny that truth despite all your efforts to the contrary. as you know the judge didn’t allow terrorist testimony so as not to bias the jury, so he got lucky in my opinion considering the chat logs the day before and the day of 9/11 would have been cause in my opinion. you do realize he served time that others didn’t but should have, right? i wish him well as he reenters society, and hope he stays away from the likes of you for his and his families sake.

    39. si_ravenseye says:

      btw floyd, if a&p was such a stand up kind of guy back in the day why don’t you explain why so many of his posts were purged from silicon investor, and why he censored others. might his missing in action posts have been self incriminating? it makes me laugh knowing you put up the bank telephone 800 number where to contact you on silicon investor! will you ever except the fact that your idol wasn’t perceived to be how you would like others to believe especially by a jury of his peers? hey, who bank rolled his naked short website while he’s been in prison?

    40. Anonymous says:

      March 8th, 2010

      TO: CNBC, legal affairs department

      Kurtis Productions, legal affairs department

      Carmen Jones, Producer (cjones@kurtis.com)

      Diane Little, Business Manager (dlittle@kurtis.com)

      RE: American Greed episode: Mad Max of Wall Street, gross factual inaccuracies

      Dear Sirs:

      I am contacting you regarding an upcoming episode of American Greed that is scheduled to air on Wednesday, March 10th 2010 on CNBC, featuring myself. This letter details my concerns regarding inaccuracies and false statements that are already being aired in the shows promotional materials, and which I suspect are only a hint of what is still to come.

      I have known about this show for over a year now, and I was invited to appear as well as answer questions on the record. Throughout my dealings with Kurtis Productions (producer Alison LeFevre and production manager Carmen Jones) I have repeatedly expressed my concerns about how this show would be promoted and framed, especially since my case deals with such a small amount of money, particularly when compared to other financial crimes that seem to dominate our current headlines. Frankly, I did not understand how this case could even fit on a show called ‘American Greed.’

      Nevertheless, in all our prior exchanges in preparation for this show, Kurtis Productions repeatedly committed to me that they would be adhering to the actual facts of my case and present a fair and balanced picture of my life’s work, as well as my prosecution and conviction. Unfortunately, it now seems that Kurtis Productions has no intention of adhering to that commitment, as evidenced by the erroneous and totally misleading description now being used to promote the show, both on the air and on the internet: A short seller uses secret government information to make millions of dollars in a trading scam.

      If this is the sort of thing that is said even BEFORE the show has aired, one can only imagine the kinds of falsehoods and inaccuracies that are in the program itself. Contrary to the above description and any other representations that must obviously be a part of this coming episode, I did NOT run a ‘multi-million dollar scam’. In fact, all of my work was actually to expose fraud. Stopping con-men and helping other investors — that is what I did and that is what I was known for, not for wreaking havoc or ‘evil’, as you put it.

      Had your researchers and production staff done a proper fact-check, they would undoubtedly know that the entire sum of money that I was convicted of making illegally consisted of $66,035.14, and that of the original allegations involving 32 stocks, the jury found me guilty of misconduct in just 5 of them.

      Likewise, had they done a proper fact-check, they would know that I made over 4,000 trading calls on my private site, and the evidence at trial showed that 95% of my trading calls and activity was centered on this work. ‘Thus at a minimum, 95.24% of the stock tips given out on the site were based on information that the government has not even claimed was tainted by unlawful ‘insider-information.’ (Sent. Reply Brief, 32-33) — a fact that the judge in my case explicitly acknowledged as well (Mr. Elgindy is obviously a very intelligent and extraordinarily, if not gifted, in this. Period. He made a lot of money legitimately. — March 22, 2006 Sentencing Transcript, 93:24-94:02)

      This is precisely why at sentencing the judge rejected the government’s argument that my site was the engine used to manipulate stocks or that my members were there simply to get illegal secret information, and why he refused the governments request that I forfeit ANY of the millions in site fees I collected over the years. (In the judges words: I, for one do not include the site fees in the calculation. I’ve always seen that as something different. — June 19, 2006 Sentencing Hearing Transcript, 8)

      All of these facts run completely contrary to what is being promoted in the show. Moreover, they are part of the public record and readily accessible to anyone, including your production staff and fact-checkers. It is simply incomprehensible that they could have been overlooked or ignored by Kurtis Productions. Please not that I actually sent to Ms. Carmen Jones several months ago the government’s very own chart, showing the $66,035.14 gain calculation — which is the same chart the judge adopted and held me liable for at my June 19, 2006 sentencing.

      The government was forced to come up with these drastically reduced figures only after the judge repeatedly rejected their gain calculations, forcing them to get smaller and smaller. Initially, the probation department and the government had claimed that this case involved over $13 million and $9 million, respectively, and the appropriate sentence was LIFE in prison. When pressed to support these claims however, neither the government nor probation could explain how they arrived at those numbers or how the evidence supported any of their claims.

      At sentencing the judge finally chose the latest and smallest chart offered by the government.

      ‘So having said that, I focused on the 32 stocks, the 23 stocks that Mr. Elgindy traded in and the additional stocks which other members traded in.’(June 19, 2006 Sentencing Transcript, 6) ‘I order forfeiture in the amount of $1,568,000.’ (June 19, 2006 Sentencing Transcript, 98). I have enclosed a copy of the sentencing memorandums in this case along with a copy of the ACTUAL court-filed chart prepared by the government that the judge adopted and used to sentence me.

      As you can clearly see, even when you include the multiple individuals — from those who made nothing (Royer & Wingate) to Mr. Jonathan Daws, who made most of it — and you include the charged and uncharged, convicted and acquitted conduct, this entire case adds up to little more than $1.5 million — and even then, only because of $800,000 in acquitted and uncharged conduct in 27 stocks that NOBODY was ever found guilty of.

      This raises another crucial fact that should have been uncovered by your researchers and production staff. While the chart clearly shows I made less than $70,000, I was nonetheless saddled with everyone else’s gains in order to beef up my sentence. To this figure of $66,035.14 — which called for a sentence of no more than 41 months according to federal sentencing guidelines — the judge then added each and every count I was acquitted of, along with hundreds of thousands of dollars earned by others in stocks that I never even traded, and sentenced me alone to 135 months.

      It is well-established Federal law that members of a conspiracy can be and are routinely held responsible jointly and severally for the gains of one another in a conspiracy. Yet never before in U.S. history has there been a case where a single individual in an alleged 10-person conspiracy has been singled out to be the only person held solely liable for all defendants’ actions. Although I accounted for less than 5% of these alleged gains, I am the only trader who had to pay anything and go to prison.

      Of the 10 individuals listed in the chart, only Messrs Hansen, Terrell and Cleveland testified for the government, and not surprisingly, each of them was allowed to keep every cent and each was sentenced to just probation. However, Messrs Slotnick, Macgreggor and Thorpe did not cooperate, testify or assist the government in any way and were never charged. Their inclusion in this chart and whatever became of them is as mysterious today as it was back then.

      Perhaps most telling of all however is what happened with Mr. Daws, another co-defendant who did NOT cooperate or assist the government in any way. Following my trial, Mr. Daws pled guilty to one count and agreed to a 24 month sentence. However at his sentencing, and although Mr. Daws accounts for more than $600,000 of the approximately $715,000 in actual ‘CONVICTED CONDUCT’ from everyone in this case, the judge inexplicably refused to give him any jail time (sentencing him only to probation) or force him to forfeit any of the money that he allegedly made ‘illegally’. I wonder how much of this show dedicated to the one trader who made 90% of all the money, never helped the government and was allowed to walk away and keep it all?

      Indeed, had your production staff probed deeper, beyond the superficial and over-hyped headlines, they might have been struck by some of the more disturbing aspects of my case, such as the governments cynical, unscrupulous and utterly reckless use of 9/11 and bogus terrorism allegations against me. Rather than focusing on my non-existent scam involving millions, for example, they would have done better to look at how (and why!) the government saturated the pre-trial media with the notion that I knew about the horrific attacks of 9/11 BEFORE they happened — which they undoubtedly knew to be false. Or how the government, managed to have words like ’9/11′, ‘Al-Qaeda’, ‘Osama Bin Laden’, ‘terrorist’ and ‘hijacker’ mentioned over 300 times in my 36-day stock trading trial, and what impact that had on my jury as they sat across the harbor from Ground Zero. This brings into focus the relevance of the observation that every other accused but un-jailed trader in the purported conspiracy was a Caucasian-American. As the only Egyptian American, I was the only trader who was sentenced to prison.

      Needless to say, the governments reckless and utterly unsubstantiated claims (which I intend to pursue against the government in due course) have caused enormous pain and suffering to me and my family, particularly to my three children, who will forever be known as the children of a terrorist. While I expect that your program will probably gloss over and dismiss the government’s use of 9/11 against me and it’s resulting damage, the fact that Kurtis Productions appears to be willing to air a show based on false and inaccurate information would be just as damaging (as well as potentially illegal).

      Although I cannot say with certainty what the show may or may not say, based on the false and misleading statements currently being used to promote it, I can only assume that it will be similarly riddled with false statements, exaggerations and other inaccuracies. There is simply no way my conviction on $66,000 — or even $715,000 from trading is factually reported as millions of dollars in a trading scam. Even if you were to add in everything I was acquitted of or never charged with — which notwithstanding the warped logic of the law on sentencing would be intellectually and journalistically dishonest — $1.5 million would STILL not be millions of dollars in a trading scam, much less a multi-million dollar scam.

      I remain firmly convinced that had Ms. LeFevre and Ms. Jones stuck to the actual facts of this case, they would have realized that it is simply not a good fit for a show called ‘American Greed’. The fact that I used to make a lot of money (legitimately and legally) or that am in now prison (wrongly in my view) does not give Kurtis Productions, or anyone else, the right to make false — and possibly slanderous — claims about me.

      Please be advised therefore, that Kurtis Productions and CNBC will be held legally liable for any untruthful and slanderous statements and broadcast on your show or any promotional statements associated with it.

      Anthony Elgindy

    41. si_ravenseye says:

      American Greed: Season 4, Episode 28
      http://video.cnbc.com/gallery/?video=3000066637

    42. bbhindyou says:

      Another white wash ‘The king is dead’ story when it SHOULD read traitor and criminal responsible for some of the worst crimes ever committed.

      http://www.reuters.com/article/2013/06/26/marcrich-idUSL5N0F20YR20130626

    43. sean says:

      In spite of the fact that they know he is guilty, they (the media and regulators ) are still trying to soften up public perception of this Miscreant “Wilful Blindness) my tuckus!!!

      http://online.wsj.com/article/SB10001424127887323998604578567752714004548.html

    44. Glass meteorite says:

      Isn’t it telling that Mercy-USA operatives came on this board making veiled threats to Mr. Mark Mitchell?

      Hey Umar al-Qadi, did you ever given 1 cent to the victims of muslims attacks and rapes? To south Sudan genocide victims? To Serbian children whose parents were murdered by bosniac and international jihadis, crimes not reported in any Western media? To Egyptian Copts kiled every day? To Iraqi Christians which are almost non-existent now, or Syrian ones? All the links on the bottom of your site points to jihadi training fields (Bosnia, Kosovo) or battle fronts (Yemen, Somalia). What, no charity for Mexico for example?

      So in the wake of 9/11, you and your organization had the audacity to ask for funds. Whatever funds you got, I’m 150% they were not channeled to help 9/11 victims, maybe just a small part as a PR stunt. You took money from your targets to further your agenda… quite in line with islamic moral precepts as lined up by an ancient pedophile and extortionists.

      Advertising your ties with Clinton clan only give more weight to things revealed on this very page. Hillary Clinton, most probably the next POTUS, is one of the most corrupt politicians alive, and so deep into Benghazi operation arming jihadis fighting in Syria that you should hide that information asap. She is a “deep capture”.

      The chief of FBI mentioned above just ended his assignment. Holder was showering him with praises, and this is all I need to know to make an opinion. Too bad he will continue his treasonous activity elsewhere. The US government is owned by Saudis, and the prostration of Obama in front of his king shows they don’t bother to hide much anymore.

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