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Archive for the ‘Organized Crime’ Category

Gallery For > DefenseRODNEY SITCH ON THE CIA AND FBI CONNECTION TO TERRORISTS AND THE CORRUPTION OF THOSE WHO CONTROL U.S. AIR TRAVEL
By Rodney Stich [Excerpted]

Member
Association Former Intelligence Officers (AFIO); Association of National Security Alumni
International Society of Air Safety Investigators (ISASI); Lawyers Pilots Bar Association (LPBA)
Former FAA air safety investigator; Former airline captain and Navy pilot

July 30, 1996

V. Stewart Daley, Special Agent

Ref: TWA Flight 800; SAM missiles offered to US and rejected; and July 24, 1996 meeting with FBI agent.

Dear Sir:

The purpose of this letter is to make a record relating to what transpired during a meeting and (more…)

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Trade-Based Money Laundering - 2006Trade-Based Money Laundering

From FATF-GAFI [Excerpt]

There are three main methods by which criminal organisations and terrorist financiers move money for the purpose of disguising its origins and integrating it into the formal economy. The first is through the use of the financial system; the second involves the physical movement of money (e.g. through the use of cash couriers); and the third is through the physical movement of goods through the trade system.

In recent years, the Financial Action Task Force has focused considerable attention on the first two of these methods. By comparison, the scope for abuse of the international trade system has received relatively little attention.

The international trade system is clearly subject to a wide range of risks and vulnerabilities that can be exploited by criminal organisations and terrorist financiers. (more…)

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FilmMattic: Movie Review: Too Big to FailTHE AIG RESCUE, ITS IMPACT ON MARKETS, AND THE GOVERNMENT’S EXIT STRATEGY

CONGRESSIONAL OVERSIGHT PANEL
JUNE OVERSIGHT REPORT, JUNE 10, 2010

FIGURE 3: GOVERNMENT ASSISTANCE TO AIG AS OF MAY 27, 2010 2
[Dollars in millions]
Amount Authorized — Amount Outstanding as of 5/27/10
Federal Reserve [Inc.]
Revolving Credit Facility … $34,000 — $26,133
Maiden Lane II: Loan extended by Federal Reserve [Inc.] … 22,500 — 14,532
Net portfolio holdings of Maiden Lane II LLC … 0 — 15,910
Accrued interest payable to Federal Reserve [Inc.] … 0 — 342
Maiden Lane III: Loan extended by Federal Reserve [Inc.] … 30,000 — 16,206
Net portfolio holdings of Maiden Lane III LLC 3 … 0 — 23,380
Accrued interest payable to Federal Reserve [Inc.] … 0 — 427
Preferred interest in AIA Aurora LLC … 16,000 — 16,266
Accrued dividends on preferred interests in AIA Aurora LLC 0 — 125
Preferred interest in ALICO SPV … 9,000 — 9,150
Accrued dividends on preferred interests in ALICO Holdings LLC 0 — 70
Total Federal Reserve [Inc.] … 111,500 — 83,251

TARP (more…)

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The “too big to fail” theory asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and that they therefore must be supported by government when they face potential failure. — Wikipedia

THE AIG RESCUE, ITS IMPACT ON MARKETS, AND THE GOVERNMENT’S EXIT STRATEGY

CONGRESSIONAL OVERSIGHT PANEL
JUNE OVERSIGHT REPORT*

JUNE 10, 2010.—Ordered to be printed

EXECUTIVE SUMMARY*
At its peak, American International Group (AIG) was one of the largest and most successful companies in the world, boasting a AAA credit rating, over $1 trillion in assets, and 76 million customers in more than 130 countries. Yet the sophistication of AIG’s operations was not matched by an equally sophisticated risk-management structure. This poor management structure, combined with a lack of regulatory oversight, led AIG to accumulate staggering amounts [liabilities], (more…)

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Related imageThe Jonestown Banks
by John Judge, 1982

The assets of Jim Jones’ People’s Temple have yet to be fully accounted, but early research in the press and by independent investigators put the total between $26 million and $2 billion. Following the money leads down a twisted trail of international banks, dummy fronts, real estate investments and conflicting government reports. Various sources estimate a total of at least $17-$20 million in foreign investments, and property worth $2.5 million that passed through deed, sale and ownership from 1976 to 1979. Some $12 million dollars was deposited in mysterious accounts in Panama.

During the recent scandal involving the Vatican Bank, Bank Ambrosiana and deceased Italian financier Roberto Calvi, information surfaced indicating that some of the siphoned millions went to Panamanian (more…)

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Image result for michael handCIA Heroin Money Launderer Michael Hand Reportedly Alive and Living in Idaho
Constantine Report, 2015

Nugan Hand bank mystery: Michael Hand found living in the United States

One of Australia’s most wanted fugitives, Michael Hand, the co-founder of the Sydney-based international merchant bank Nugan Hand, has been found alive and well and living in small-town America. He vanished in 1980 amid rumours of CIA and organised crime involvement in the bank as the United States attempted to back anti-communist governments and anti-communist insurgents at the height of the Cold War.

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