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      by Wayne Madsen 
      8-25-05 
      Mysterious Geneva money mover: tied to Enron, Saudis, Osama Bin Laden, and 
      Iran-contra principals. 
      Wayne Madsen Report has obtained further paper trails linking George H. W. 
      Bush's longtime mysterious Swiss German money mover to a now defunct bank 
      operated on behalf of Osama Bin Laden, his family, and some of his closest 
      business associates.  
      The network of Swiss-based terrorist financiers are also linked to the 
      Muslim Brotherhood and prominent European fascist leaders. The bank, Al 
      Taqwa ("Fear of God"), was headquartered in the Italian Swiss enclave 
      Campione d'Italia and had offices in the Bahamas.  It 
      ceased operations after its assets were blocked by a US Treasury 
      Department order, its assets were frozen by the Swiss government, and its 
      banking license was revoked by the Bahamas.  Al 
      Taqwa subsequently changed its name to Nada Management Organization.
       Al 
      Taqwa and a complex web of affiliate front companies and brass plates in 
      Switzerland, the Bahamas, Italy, Saudi Arabia, Jersey, Isle of Man, 
      Turkey, Kuwait, Afghanistan, Bosnia, Croatia, Slovenia, the United States 
      (Delaware and Texas), Germany, Belgium, Albania, Ethiopia, Eritrea, 
      Somalia, Sudan, Uganda, Kenya, Tanzania, Austria, Bahrain, Singapore, 
      Thailand, Bangladesh, Pakistan, and Liechtenstein were reportedly involved 
      in funding terrorist operations around the world, including the 
      procurement of nuclear material from the former Soviet Union through 
      Baltic intermediaries.  
      According to a EUROPOL diagram obtained by WMR, these companies included 
      Iksir Holding, SA (Italy), Asat Trust (Liechtenstein), Iksir Ltd. 
      (Bahamas), Gulf Center (Italy), NASCO (Turkey), Nasreddin International 
      Group (Liechtenstein), Akida Bank (Bahamas), MIGA (Switzerland), and 
      Nasreddin Foundation (Liechtenstein).  
      According to intelligence sources in the United States and Europe, the Al 
      Taqwa network intersected with tranches in Geneva and the Isle of Man that 
      involve front companies associated with George H. W. Bush and Enron: Topaz 
      Liberty, Bluelake World, and Potomac Capital.  
      The Iranian con man and Pentagon neocon contact Manucher Ghorbanifar, 
      Saudi billionaire Adnan Khashoggi, and members of the Bin Laden family are 
      reportedly linked to Geneva-based Potomac Capital, a front company created 
      by George H. W. Bush when he was CIA Director in 1976.  
      Interestingly, it was George W. Bush, who, in November 2001, cited Al 
      Taqwa as part of "Al Qaeda's" money laundering activities.  
      However, Bush's neocon allies at The Washington Times and World Net Daily 
      quickly altered course and drew attention away from Al Taqwa's Saudi and 
      Kuwaiti investors and began to erroneously link Al Taqwa to Saddam 
      Hussein's Iraq.  
      Further criminal investigations of Al Taqwa's principals were also quickly 
      dropped.  
      Potomac Capital appeared on the radar screen of Federal investigators 
      during the Iran-Contra investigation conducted in the late 1980s and early 
      1990s.  
      The Al Taqwa connection to weapons of mass destruction proliferation, Bin 
      Laden, and George H. W. Bush and his business associates stands as another 
      reason the George W. Bush administration leaked the CIA's Brewster 
      Jennings & Associates counter-WMD network.  
      The CIA counter-proliferation team was getting uncomfortably close to 
      tying members of the Bush family and their business associates to the same 
      financial networks that fund Osama Bin Laden and his "Al Qaeda" network.
       
      WMR has also obtained a possible second connection between the Swiss 
      network connected to George H. W. Bush and other 911 hijackers.  
      The first connection concerned hijacker Fayyaz Ahmed and a $50,000 check 
      he received from a tranche connected to the Swiss network.  
      The second is the listing of Ahmed Mesfer Ahmed Alghamdi as a shareholder 
      of Al Taqwa on a Central Bank of the Bahamas document dated April 15, 
      2000.  
      Ahmed Alghamdi and Hamza Alghamdi were two of the Saudi hijackers on board 
      United Flight 175, which struck the South Tower of the World Trade Center.
       
      Saeed Alghamdi was one of the hijackers on board United Flight 93, which 
      crashed in Pennsylania after being shot down by U.S. military fighter 
      planes (according to an NSA employee who was on duty in the National 
      Security Operations Center on the morning of 911).  
      According to the FBI, the Alghamdi hijackers used a number of aliases. 
      Ahmed Alghamdi used the names Ahmed Saeed Saleh Alghamdi, Ahmed Mohammed 
      Alghamdi, Saeed Alghamdi, Ahmed Saleh, and Juan Poncho Bennett. Hamza 
      Alghamdi used Saleh Alghamdi Hamzah. Saeed Alghamdi used Mohsalih Alghamdi, 
      Mokhlidmazid Almotairi, Saeedayed Alghamdi, and Saeed H. Alghamdi.  
      Other Alghamdis wanted by the FBI for involvement with "Al Qaeda" include 
      Nora Alghamdi, Ali A. Alghamdi, Abdulrahman Alghamdi, Othman Alghamdi, 
      Sadda Alghamdi, and Tareqsaeed Alghamdi.  
      UPDATE -- WASHINGTON, DC -- July 31, 2005 -- On June 20, Intelligence 
      Whispers reported on New York Attorney General Eliot Spitzer's 
      investigation of American Insurance Group and shady deals involving 
      Citigroup, Enron, and UBS. This weekend brought two strange deaths 
      involving recently retired top banking officials -- one in New York and 
      the other in Europe. On July 30, it was reported that former Citigroup 
      board member Arthur Zankel fell from the window of his 9th floor Manhattan 
      apartment. Zankel retired from Citigroup's board in 2004 and was said by 
      his longtime friend and colleague, Citigroup Chairman Sanford Weill to 
      have been suffering from depression. Hours later, Wim Duisenberg, the 
      retired head of the European Central Bank, was found dead in his swimming 
      pool at his villa in Faucon, in southeastern France. Duisenberg retired in 
      2003. On July 29, Milan prosecutors announced indictments against 
      subsidiaries of UBS, Deutsche Bank, Citigroup, and Morgan Stanley as part 
      of the investigation of the financial collapse of the Italian dairy 
      mega-corporation Parmalat. Duisenberg was backed for the head of the 
      European Central Bank by the German banking establishment, including 
      Deutsche Bank. 
 "Follow the Money ... The Truth is Out There."
 
 UPDATED -- WASHINGTON, DC, HOUSTON, AND ZURICH -- July 24-25, 2005 -- On 
      July 15, Intelligence Whispers reported on a July 31, 1995, $10 million 
      transfer of funds (US Treasury Bills) from Banca Svizzera Italiana (BSI) 
      in Zurich, via Swiss Bank Corp., New York, to Nations Bank in Texas that 
      originated from Saudi Arabia. On Sept. 28, 1995, a $50,000 check drawn on 
      those funds was cashed by Fayyaz Ahmed, identified as one of the 911 
      hijackers aboard United Flight 175 that crashed into the South Tower of 
      the World Trade Center. WMR has now obtained the SWIFT documents from that 
      funds transfer, which identifies Treatment Services of the Southwest 
      Corporation of Houston, the account name for the account (account number 
      2664055561) on which the $50,000 check to Ahmed was drawn. Topaz Liberty, 
      Inc. of Zurich and a firm called Andromeda International Ltd. of Edmonton, 
      Alberta are mentioned in the SWIFT cashback wire transfer notice. Topaz 
      Liberty maintained a brass plate front at MSL Office Services, Todistrasse, 
      Zurich. Topaz Liberty also had a business relationship with Stephens 
      Securities of Little Rock, Arkansas and businessmen in Oklahoma. The payee 
      of the $10 million was Bluelake World, SA, a Swiss-registered firm. The 
      wire transfer, itself, was a violation of SWIFT rules, which specified 
      that a company had to be in existence for at least 6 months prior to a 
      wire transfer via SWIFT. Bluelake World, which had working capital of $40 
      million, had only been in existence for 5 months when the $10 million 
      SWIFT transfer to Texas was made. The FBI in Phoenix was investigating the 
      transfer of some of the $10 million to Egyptian nationals it had under 
      surveillance in Arizona and Dallas, some of whom were involved in flight 
      training. The Dallas-based Egyptians were concentrating on training on 
      Boeing 727s. The FBI investigated a Dallas-based distribution channel for 
      the money called RDC Holdings, Inc., according to a well-placed source. 
      RDC used a Merrill Lynch account (Account No. 41C-07021) to receive 
      $7,499,985 from Bluelake on December 15, 1995. On March 29, 1996, $7.5 
      million from RDC's Merrill Lynch account was seized by the Arizona 
      Attorney General. Some of the funds were returned to Bluelake but some of 
      the money is still in Arizona accounts. It has also been revealed that the 
      Russian Foreign Intelligence agency, the SVR, had a well-placed mole 
      inside Barclay's Bank who was monitoring the transfer of Saudi money to 
      Texas, including 1996 $10 billion Saudi transfer to the Enron account. It 
      was the financial intelligence about large scale Saudi money movements to 
      the United States that contributed to Russian intelligence warnings to the 
      CIA prior to the 911 attacks. The mysterious Geneva-based money mover 
      described in the article below is also reported to be a longtime supporter 
      of both Islamist radical movements and neo-Nazi organizations. He is 
      linked to providing financial support for Osama bin Laden, the late 
      President of Azerbaijan Gaidar Aliev, Manuel Noriega (who he later 
      testified against at the Panamanian dictator's Miami trial), the Muslim 
      Brotherhood, and neo-Nazi and other right-wing groups in Europe and 
      America. The SWIFT documents:
 
 WASHINGTON, DC AND HOUSTON -- UPDATED -- July 15, 2005 -- On June 20, 
      Intelligence Whispers reported on a secret meeting between UNOCAL, Enron, 
      and Taliban officials in Tashkent, Uzbekistan in 1996. The report stated: 
      "Prior to the Tashkent oil summit, on June 23, 1996, a $10 billion wire 
      transfer was made from Cyprus, via Barclays Bank in London, to Enron in 
      Houston. Cyprus is a major banking center for illicit activity. The 
      Tashkent meeting was followed by a spring 1997 meeting between Enron, 
      UNOCAL, and Taliban representatives at the posh Houstonian Hotel in 
      Houston."
 
 Now, more information has been gleaned from knowledgeable intelligence 
      sources about the secret UNOCAL, Enron, and Taliban negotiations over the 
      Central Asian Gas pipeline (CentGas). The source of the $10 billion was 
      the Saudi Royal family and the recipient was Enron's LJM1 off-the-books 
      partnership, also known as LJM Cayman, LP. LJM1 was primarily set up to 
      finance the CentGas pipeline deal. Convicted Enron Executive Vice 
      President and Chief Financial Officer Andrew J. Fastow was the managing 
      member of the LJM1 partners. In addition to Barclays, the Canadian 
      Imperial Bank of Commerce was also allegedly used to transfer the $10 
      billion to the Enron account. The Russian Finance Ministry, which became 
      interested in the deals hammered out at the Tashkent meeting between 
      UNOCAL, Enron, and the Taliban, was aware of where the $10 billion came 
      from and where it ultimately went. Russia backed the anti-Taliban Northern 
      Alliance when the CentGas pipeline deal was being negotiated with the 
      Taliban in Tashkent on September 7, 1996.
 
 The Cyprus financial middleman, an on-and-off resident of Vienna, Austria, 
      and a specialist in international financial transfers, made a smaller 
      transfer a year before he moved the $10 billion. In 1995, a $10 million 
      transfer was made to Houston and the source was, again, the Saudi Royal 
      family. The funds were transferred to Nations Bank via Banca Svizzera 
      Italiana via SWIFT. On September 28, 1995, a $50,000 check was cashed at 
      Nation's Bank of Pasadena, Texas. It allegedly originated from the $10 
      million of transferred funds from Saudi Arabia and the payee was "Fayyaz 
      Ahmed." Fayyaz Ahmed, aka Fayez Ahmad, was also named as one of the 
      hijackers aboard United 175 that crashed into the South Tower of the World 
      Trade Center. The $50,000 check was signed by a Texas businessman who was 
      later jailed by Federal authorities for three years for money laundering 
      and wire fraud. The Dallas criminal case is as follows:
 
 Office: Dallas
 Filed: 04/08/1998
 
 County: Dallas
 Terminated: 05/17/1999
 Reopened:
 
 Other Court Case: None
 
 Count: 1
 Citation: 15:77Q.F
 Offense Level: 4
 
 15:77Q(a) and 77(x) FRAUDULENT INTERSTATE TRANSACTIONS
 
 Count: 11s
 Citation: 18:1956-3300.F
 Offense Level: 4
 
 18:1956(a)(1)(A)(i), 1956(a)(1)(B)(i) and 2 MONEY LAUNDERING - INTERSTATE 
      COMMERCE and Aiding and Abetting
 
 Count: 12s
 Citation: 18:1956-3300.F
 Offense Level: 4
 
 18:1956(a)(1)(A)(i) and 2 MONEY LAUNDERING - INTERSTATE COMMERCE and 
      Aiding and Abetting
 
 Count: 1s
 Citation: 15:77Q.F
 Offense Level: 4
 
 15:77Q(a) and 77x FRAUDULENT INTERSTATE TRANSACTIONS
 
 Count: 2s
 Citation: 18:1343.F
 Offense Level: 4
 
 18:1343 and 2 FRAUD BY WIRE, RADIO, OR TELEVISION and Aiding and Abetting
 
 Count: 3s-10s
 Citation: 18:1956-3300.F
 Offense Level: 4
 
 18:1956(a)(1)(A)(i) and 2 MONEY LAUNDERING - INTERSTATE COMMERCE and 
      Aiding and Abetting
 
 Count: 1ss
 Citation: 15:77Q.F
 Offense Level: 4
 
 15:77Q.F FRAUDULENT INTERSTATE TRANSACTIONS
 
 Count: 2ss
 Citation: 18:1343.F
 Offense Level: 4
 
 18:1343.F and 2 FRAUD BY WIRE, RADIO, OR TELEVISION aiding and abetting
 
 Count: 3ss-13ss
 Citation: 18:1956-4700.F
 Offense Level: 4
 
 18:1956-4700.F and 2 MONEY LAUNDERING - POSTAL, INTERSTATE WIRE, RADIO, 
      ETC. aiding and abetting
 
 The account from which the $50,000 was paid was in the name of Treatment 
      Services of the Southwest Corporation, 14359 Torrey Chase Blvd., Suite D 
      Houston TX 77014-1635, in North Harris County --check number 266-406556-1; 
      Tax ID # 76-0455993. Much of the funds evetually ended up in Phoenix, 
      later the location of some of the 911 hijacker trainees. Ahmad also used 
      the aliases Banihammad Fayez Abu Dhabi Banihammad, Fayez Rashid Ahmed, 
      Banihammad Fayez, Rasid Ahmed Hassen Alqadi, Abu Dhabi Banihammad Ahmed 
      Fayez, with the FBI officially tagging him as one Fayez Rashid Ahmed 
      Hassan al Qadi Banihammad. Fayyaz Ahmed had been a resident of Delray 
      Beach, Florida. The FBI later said that the "Fayyaz Ahmed" who cashed the 
      check in Pasadena was merely a student paying for college tuition but the 
      note on the check states "contingent for travel expenses." Dallas, Texas 
      was also one of the locations used by the hijackers for flight simulator 
      training. One of the flight training "tasks," the hijackers trained to do 
      was to maneuver planes between World Trade Center 1 and 2.
 
 The international financial transfer specialist, a German national, is now 
      reportedly living in Geneva after spending time in Glasgow (12 Claremount 
      Avenue, Giffnock, Glasgow G46 5UT Scotland) and reportedly had past 
      connections to the Iranian Iran-contra figure Manucher Ghorbanifar, the 
      late Azerbaijani President Gaidar Aliev, jailed Panamanian dictator Manuel 
      Noriega, current Director of National Intelligence John Negroponte, and a 
      secretive investment firm called Potomac Capital, set up as a CIA 
      proprietary in 1976 by then-CIA Director George H. W. Bush as a means to 
      launder large amounts of cash for classified operations. In 1996, Interpol 
      and the Swiss police raided the money mover's Zurich office, a brass plate 
      which represented his Panamanian registered corporation, Topaz Liberty, 
      Inc. The firm is reported to have had close links to Negroponte's covert 
      Central American operations and was linked to the failed Bank of Credit 
      and Commerce International (BCCI). The FBI desperately tried to interview 
      the money mover in May 1996 but were unsuccessful.
 
 Potomac Capital, which reportedly had its CIA links severed during the 
      Clinton administration, was the template for BCCI. Potomac Capital 
      reportedly now maintains a brass plate office in the same office building 
      in Geneva that houses Ghorbanifar's company. The mysterious money mover is 
      also suspected of currently providing funds to Osama bin Laden. A 
      well-placed intelligence source criticized the George W. Bush 
      administration for using former CIA proprietaries for political purposes 
      having nothing to do with national security.
 
 Potomac Capital was used to finance an airline called ULTRAIR, which 
      allegedly bought weapons and shipped them to the Afghan mujaheddin in the 
      1980s. ULTRAIR bought a couple of former Eastern Airlines Boeing 727s from 
      Texas Air Corporation after Texas Air chairman Frank Lorenzo conducted a 
      corporate raid on the faltering airline using junk bonds. After ULTRAIR 
      fell into financial difficulties, President George H. W. Bush leased the 
      planes for White House use in a highly questionable deal. After Bush left 
      office, the new White House Deputy Counsel Vince Foster began looking into 
      White House travel records in an investigation of the prior 
      administration's leasing deals with ULTRAIR. Foster's investigation was 
      complemented by a similar Justice Department probe ordered by Attorney 
      General Janet Reno.
 
 Financial ties between Al Qaeda, Saudi Arabia, and American banks do not 
      end with the Texas payments. A former chief of Mossad confided that 
      Israeli intelligence was well aware that Al Qaeda funded its activities 
      through the top six U.S. banks, including Nation's Bank (now Bank of 
      America). After Israeli troops swarmed into the West Bank and Gaza in 
      Operation Protective Shield in 2002, seizure of records from banks showed 
      that a number of terrorist groups received funding through U.S. bank 
      accounts. Two checks below show the involvement of Chase Manhattan Bank in 
      the financing activities. The copies were provided by Israeli military 
      intelligence. The source of the funds were Saudi. Furthermore, a U.S. 
      intelligence source recently confided that Florida Governor Jeb Bush was 
      heavily involved in the spiriting of members of the Saudi Royal family out 
      of Florida on a U.S. government plane after the attacks of September 11, 
      2001. A third check provided by Israeli military intelligence is drawn on 
      the Saudi American Bank, which has an office just across the street from 
      the Saudi Embassy in Washington, DC in the Watergate complex. The former 
      head of Saudi intelligence, Prince Turki bin Faisal, who acted as the 
      Saudi govenrment's main interlocutor with Osama bin Laden, is due to take 
      up the post as Saudi ambassador to the United States.
 
      CHARLOTTESVILLE, VA, June 29, 2005 -- More corruption and intelligence 
      fabrication has been revealed in the U.S. intelligence community. In the 
      case of the National Ground Intelligence Center (NGIC) in Charlottesville, 
      Virginia, the focus is on how imagery intelligence prior to Operation 
      Iraqi Freedom was fabricated as a justification for the attack and 
      occupation of Iraq. In addition, in a violation of White House, 
      intelligence, and U.S. Army directives, intelligence databases were 
      altered to justify expensive weapons programs like the canceled Comanche 
      helicopter and the Crusader mobile artillery system. 
 According to NGIC insiders, after coming to power, the Bush 
      neo-conservatives in the Pentagon began exaggerating the numbers of 
      Russian combat helicopters. Moreover, Cold War analysts at NGIC began 
      altering intelligence databases to increase the number of Russian 
      helicopters by counting damaged and cannibalized Russian helicopters as 
      fully operational. The more numerous damaged and cannibalized helicopters 
      were then reclassified as "new" and "moved" to Russian military bases near 
      conflict zones like the Trans-Caucusus to give the appearance that they 
      represented a greater threat to U.S. national security. This cooking of 
      threat intelligence was done to justify systems like The Carlyle 
      Group/United Defense Industries' Crusader artillery system. However, 
      Donald Rumsfled disliked the Crusader and canceled the project with a huge 
      contract termination fee going to Carlyle and his friend and Princeton 
      roommate, then-Carlyle head Frank Carlucci.
 
 Other intelligence cooking involved counting Iraqi surface-to-air missile 
      (SAM) batteries without radar as fully operational. As one NGIC analyst 
      recalled, "without radar, SAMs are ineffectual."
 
 One NGIC insider recalled how the Bush administration cooked the 
      intelligence on the alleged Iraqi aluminum tubes claimed to be for use in 
      Iraqi nuclear centrifuges: "As the person who briefed Colin Powell [then 
      Chairman of the Joint Chiefs], Cheney [then Defense Secretary], and Pete 
      Williams [then Cheney's spokesperson] about Iraq's Italian artillery 
      rockets during Desert Storm, I knew those aluminum tubes were Egyptian 
      knock offs of the Italian gun barrels we captured in 1991," the imagery 
      intelligence (IMINT) analyst said. The analyst added that this fact about 
      Iraq's procurement of the Egyptian artillery tubes for the Italian-made 
      Medusa-81 rockets after Desert Storm was well known to both Cheney and 
      Powell.
 
 The NGIC analyst said that the Pentagon neo-cons went to specialists at 
      NGIC who had expertise on artillery rockets and got them to confirm the 
      aluminum tubes were for nuclear centrifuges. The analyst emphasized that 
      those specialists were not experts on centrifuges and had no place in 
      making such assumptions. However, after the outbreak of the Iraq war, all 
      the NGIC analysts who went along with the intelligence cooking were 
      promoted rapidly. Those who questioned the intelligence manipulation were 
      fired from their jobs and had their security clearances revoked.
 
 NGIC is also embroiled in a fraud scandal involving outside contractors 
      (similar to the problems at NSA involving TRAILBLAZER and GROUNDBREAKER 
      contacts). NGIC insiders report that current and former senior officials 
      of the agency have major conflicts of interest with NGIC's prime 
      contractor, MZM, Inc., which has recently been on the sales block after it 
      was discovered that the founder of the defense and intelligence 
      contractor, Mitchell Wade, purchased and then sold California Republican 
      Representative Randy "Duke" Cunningham's Del-Mar home at a $700,000 loss 
      to Wade. "MZM" stand for the names of Wade's three children -- Matthew, 
      Zachary and Morgan. It was later discovered that Wade allowed Cunningham 
      to live aboard his yacht, named the "Duke-Stir," berthed at Washington, 
      DC's Capitol Yacht Club. Cunningham also serves on the powerful House 
      Defense Appropriations Subcommittee. Amid the Cunningham scandal, Wade 
      resigned as President and CEO of MZM and replaced himself with retired 
      three-star Army General James King, a close friend and associate. Wade's 
      move came after his previously-selected replacement, chief operating 
      officer Frank Bragg, suddenly resigned after being named President and 
      CEO. Former Bush Director of the Office of Personnel Management Kay Cole 
      James, a recently-named Vice President of MZM, also resigned suddenly. A 
      Federal Grand Jury has subpoenaed documents from Cunningham and there is 
      an on-going FBI investigation. Three former MZM employees have charged 
      that Wade pressured them and other MZM employees to give money to MZM's 
      Political Action Committee, which then funneled the money to the campaigns 
      of Cunningham, Virginia Republican Representative Virgil Goode, and 
      Florida Republican Representative (and current Senate candidate) Katherine 
      Harris. MZM maintains an office in Goode's district and plans to establish 
      one in Harris's.
 
 Conflict of interests charges swirled around NGIC even before MZM eased 
      out Battelle as the prime contractor for the agency. NGIC insiders claim 
      that NGIC management was equally close to both MZM and Battelle. The 
      insiders cited one case where the son of a senior NGIC manager, whose work 
      experience largely consisted of being a waiter and bartender, was hired by 
      MZM as a senior manager. They also pointed to the wife of an NGIC senior 
      official being employed as a secretary for Battelle and MZM. The NGIC 
      insiders emphasize that such employment of relatives violate the Code of 
      Federal Regulations (CFR).
 
 MZM was granted a favorable deal on office space across the street from 
      NGIC at thr University of Virginia Research Park funded by Virginia 
      taxpayers. There is virtually no separation between NGIC and MZM, 
      according to NGIC employees.
 
 Formerly known as the Intelligence Threat Analysis Center (ITAC) and 
      located at the Washington, DC Navy Yard, the elements of ITAC were 
      dispersed in 1984 and moved to Charlottesville where the NGIC was 
      established; Fort Meade, Maryland; and Fort Belvoir, Virginia. NGIC 
      continues to maintain the headquarters for its Imagery Assessments 
      Directorate (IAD) at the Navy Yard, where analysts work alongside those 
      from the Defense Intelligence Agency, National Geo-Spatial Intelligence 
      Agency (NGA -- formerly the National Imagery and Mapping Agency). The NGIC 
      is a major U.S. intelligence community's reservoir of technical knowledge 
      on foreign weapons systems, including tanks, helicopters, artillery, 
      anti-aircraft defenses, NBC (nuclear, biological and chemical) weapons, 
      military engineering equipment and vehicles, armored fighting vehicles, 
      mines, radars, and camouflage and deception tactics. The Imagery 
      Assessments Directorate plays a key part in analyzing satellite 
      photographs to develop intelligence reports on foreign battlefield systems 
      and orders of battle.
 
 WASHINGTON, DC, June 29, 2005 -- On June 28, Virginia Republican 
      Representative Tom Davis, the chairman of the House Government Reform 
      Committee, refused to meet with members of the National Security 
      Whistleblowers Coalition (NSWBC). This came after Davis refused to 
      consider amendments to H.R. 1317, a whistleblowers protection act that 
      would also protect national security employees from retaliation for 
      whistleblowing. In a June 28 letter to the NSWBC, ranking Democratic 
      Representative Henry Waxman of California, wrote, "Two weeks ago, the 
      Committee scheduled a mark-up for HR 1317. I had planned to offer several 
      amendments that would have greatly strengthened the bill, while at the 
      same time striking a provision that could have eliminated whistleblower 
      protections for a large group of federal employees. I was hoping to have 
      the opportunity to debate these amendments on their merits, but I was 
      disappointed that the mark-up was cancelled at the last minute."
 
 After being told Davis would not meet with them, the NSWBC representatives 
      posed five questions for him:
 
 1. Why is Rep. Davis so hostile to protection for national security 
      whistleblowers when his own district contains a large number of national 
      security employees, in both government and as contractors?
 
 2. 213 of Rep. Davis' Republican colleagues voted to urge broad 
      whistleblower protection for United Nations employees, but why does 
      Chairman Davis stymie protection for U.S. citizens? (Did not vote on HR 
      2745 and supports HR 1317)
 
 3. Why does Rep. Davis claim that he is committed to expanding national 
      security whistleblower protection when he supports legislation to make the 
      government less accountable for retaliation against whistleblowers and 
      make the nation less secure? (Support for HR 1317)
 
 4. Why does Rep. Davis support the use of secrecy as a weapon against 
      national security whistleblowers to silence their legitimate concerns 
      about citizen security and malfeasance in government? (HR 1317 stripped of 
      protection found in S. 494).
 
 5. Why does Rep. Davis oppose disclosures of government malfeasance to 
      members of Congress on committees with primary oversight for the agency 
      involved? (Support of HR 1317 stripped of protections found in S. 494).
 
 WASHINGTON, DC, June 20, 2005 -- Two criminal investigations based in New 
      York are getting close to exposing a major Bush family and associates' 
      international money laundering operation that has spanned more than a 
      generation and has been used to illegally fund U.S. elections since the 
      Nixon era. According to CIA sources, most Bush family assets are tied up 
      in off-shore accounts that are masked from investigators through the use 
      of pass through companies and secretive interlocking board directorships.
 
 The investigations of the secret Bush money tranches are coming to the 
      fore as New York Attorney General Eliot Spitzer focuses in on the scandal 
      involving Maurice "Hank" Greenberg and the inflation of the worth of 
      American Insurance Group (AIG) through shady affiliates, including AIG 
      reinsurer Coral Re of Barbados. Greenberg was the CEO of AIG but was 
      forced to step down amid the Spitzer probe. AIG was founded from Asia 
      Life/CV Starr, a Shanghai-based international import/export and insurance 
      firm founded in 1919 by Cornelius V. Starr, an Office of Strategic 
      Services (OSS) operative in Southeast Asia during World War II. AIG's 
      largest shareholder is Starr International Company (SICO), an off-shore 
      corporation incorporated in Panama with headquarters in Bermuda. Kenneth 
      Starr, the independent counsel who prosecuted President Clinton, is the 
      nephew of Cornelius Starr. Greenberg inherited the CEO job and 
      Chairmanship from Starr as well as the $3.5 billion Starr Foundation.
 
 Another probe by Manhattan District Attorney Robert Morgenthau is focused 
      on long-time Bush backers Sam and Charles Wyly of Texas and a Bank of 
      America off-shore account in the Isle of Man. According to intelligence 
      sources, that probe is getting very close to an Isle of Man multi-billion 
      dollar account controlled by the Bushes through an off-shore contrivance 
      known as Five Star Trust.
 
 Charles Wyly serves on the board of the University of Texas Investment 
      Management Company (UTIMCO). Critics have charged that hundreds of 
      millions of dollars of UTIMCO's $11 billion in public funds have been 
      steered to investment funds run by Bush family friends and supporters. A 
      number of UTIMCO's past and current directors are members of George W. 
      Bush's "$100,000 Club." These include, in addition to Wyly, former UTIMCO 
      chairman Tom Hicks, a vice chairman of Clear Channel and head of Muse, 
      Tate & Furst, Inc.; L. Lowry Mays, the chairman of Clear Channel; former 
      Texas Representative and current lobbyist Tom Loeffler (who received 
      illegal laundered campaign contributions from the failed Vernon Savings & 
      Loan); A. W. Riter, a former chairman of NCNB Bank in Tyler, Texas; A. R. 
      "Tony" Sanchez, Chairman of Sanchez-O'Brien Oil & Gas, owner of the Texas 
      border-based International Bank of Commerce and the failed Tesoro Savings 
      & Loan; and Woody Hunt, Chairman of Hunt Building Company. Some of 
      UTIMCO's investments were directed to firms with close ties to Bush 
      "Pioneer" contributors Lee Bass (Bass Brothers Enterprises), Henry Kravis 
      (Kohlberg Kravis Roberts), and Charles Wyly (Maverick Capital Fund), as 
      well as George W. and H.W. Bush (The Carlyle Partners II Fund, managed by 
      The Carlyle Group).
 
 Questions have been raised about the sudden resignation of Hugh McColl, 
      ostensibly a Democrat, from the Bank of America in 2001 just after George 
      W. Bush's election. McColl's departure was reportedly a year earlier than 
      originally planned. McColl contributed $104,000 to Bush in the 2000 
      campaign and gave a mere pittance to Al Gore. Earlier, in 1983, McColl 
      became head of NCNB Bank, which became Nations Bank in 1991. In 1988, NCNB 
      had acquired the failed First Republic Bank of Dallas and, according to 
      intelligence insiders, assumed responsibility for a number of questionable 
      Bush family business deals.
 
 Texas money laundering is the tip of an Bush family financial iceberg that 
      extends below the surface to shady financial deals around the globe. 
      However, investigators who dare venture into Texas will have their jobs 
      cut out for them. The Bushes have been major recipients of campaign cash 
      from senior partners the largest law firms in Texas -- Vinson & Elkins, 
      Baker Botts (law firm of James Baker III), Andrews Kurth (the law firm of 
      contentious U.S. District Judge Priscilla Owen), Jenkins & Gilchrist, 
      Haynes Boone and Bracewell & Patterson -- that have also been involved in 
      defending those Texas companies and principals who have benefited from 
      massive illegal financial flows.
 
 For example, Andrews Kurth was the law firm for MAXXAM. The firm figured 
      prominently in the failure of the United Savings Association of Texas in 
      December 1988, a savings & loan owned by United Financial Group, Inc., a 
      company in which two firms connected to Texas banker Charles Hurwitz -- 
      Federated Development Company and MAXXAM Group Inc. -- had a significant 
      interest. MAXXAM was an artifice financed with junk bonds from the failed 
      Drexel Burnham Lambert investment firm and its chief junk bond master 
      Michael Milken. The U.S. Office of Thrift Supervision and the Treasury 
      Department brought charges against Hurwitz and his colleagues for several 
      violations of the law. The late House Banking Chairman Henry Gonzalez 
      attempted unsuccessfully to have George H. W. Bush impeached for the 
      massive S&L, BCCI, and other rip offs of the American taxpayers, investors 
      and depositors. Gonzalez realized that the Bush family has concocted a 
      series of financial tranches, off-shore shells, and artifices to conceal 
      criminality unseen in the history of modern financial systems.
 
 The Bank of America-Wyly investigation by Morgenthau, who prosecuted a 
      number of BCCI principals, is noteworthy because of the Isle of Man 
      connection. According to Enron insiders, the same Houston-based attorney 
      who set up the Five Star Trust for the Bushes in the Isle of Man also set 
      up Isle of Man trusts for Enron and the trusts often co-mingled funds and 
      funding sources. The most important bit of intelligence to come forward 
      from seasoned CIA financial operatives, speaking on a strict condition of 
      anonymity, is that Osama bin Laden has had an interest in some of the same 
      Isle of Man trusts used by the Bushes and Enron.
 
 Spitzer's investgation of AIG is starting to dovetail with that of 
      Morgenthau. One focus of the investigation is on some questionable Enron 
      "cash flow" notes payable to Citicorp and J. P. Morgan Chase and purchased 
      in May 2001 by AIG and the John D. and Catherine T. MacArthur Foundation. 
      On August 21, 2001, just a few weeks before the 911 attacks, a UBS 
      Warburg/Paine Webber broker named Chung Wu advised his investors to sell 
      their Enron stock, whereafter UBS quickly fired the broker. In an email Wu 
      advised customers, “Financial situation is deteriorating in Enron and 
      price drops another $7.00…I would advise you to take some money off the 
      table even at this point.” The House Committee on Government Reform 
      investigated the sacking of Wu and his warning but little came from the 
      GOP-run committee. In December 2001, Enron filed for bankruptcy in New 
      York City, not in Houston, where its headquarters was located. The New 
      York bankruptcy court appointed Steven Cooper of Zolfo-Cooper LLC to run 
      Enron.
 
 After Enron's bankruptcy, UBS Warburg conveniently purchased Enron’s 
      energy trading unit, the group that was the subject of much of the 
      investigations directed against the defunct firm, especially the role of 
      the trading unit in inflating energy costs in California and ensuring the 
      recall of Democratic Governor Gray Davis and replacement by the GOP's 
      Arnold Schwarzenegger.
 
 The deal involving Cooper's assumption of control of Enron raised eyebrows 
      among regulators, chiefly because Cooper's Catalyst Equity Partner's Fund 
      included Citicorp and J.P. Morgan Chase, two of Enron's major creditors. 
      Financial investigators report that the Enron notes to Citicorp and Chase 
      and sold to AIG and MacArthur were unusual, out of the ordinary, and 
      "lacked teeth." A former U.S. Justice Department prosecutor referred to 
      such financial instruments as "feints" designed to mask illegal 
      transactions by keeping them off the books and away from the eyes of U.S. 
      government regulators. In September 2002, Kroll Inc., a shadowy firm with 
      ties to the U.S. intelligence community, acquired Zolfo-Cooper and Cooper 
      was named managing director of Kroll Zolfo Cooper. In May 2004, Marsh & 
      McLennan acquired Kroll and Zolfo Cooper. Jeffrey Greenberg, the son of 
      AIG's Hank Greenberg, had earlier left AIG to run Marsh & McLennan. The 
      revolving doors and musical chairs involving Enron, Kroll, Zolfo-Cooper, 
      Marsh & McLennan, and AIG became the subject of Spitzer's probes. Another 
      insurance firm investigated by Spitzer for price fixing of property 
      casualty insurance coverage and conspiracy was ACE, headed by Hank 
      Greenberg's other son, Evan. In October 2004, Jeffrey Greenberg quickly 
      stepped down from Marsh & McLennan amid Spitzer's investigation.
 
 Hank Greenberg has had a long time relationship with Henry Kissinger, the 
      partner of Richard Perle in Trireme Partners, the firm that, according to 
      Seymour Hersh, attempted to negotiate deals with Saudi Arabia using Saudi 
      billionaire arms dealer Adnan Khashoggi as an intermediary. Greenberg and 
      Khashoggi, according to CIA sources, have long had an interest in 
      exploiting the oil and natural gas reserves of Uzbekistan and the 
      construction of pipelines across the Uralskaya region of Russia. 
      Uzbekistan has also featured prominently in oil and natural gas plans of 
      Enron and UNOCAL. According to Enron insiders, on Saturday, September 7, 
      1996, 42 representatives of Enron and UNOCAL met in Tashkent, the Uzbek 
      capital, with Khashoggi, Taliban representatives, and Uzbek government 
      officials. The subject was the CentGas pipeline through Afghanistan to 
      Pakistan, a project that involved UNOCAL, Enron, and Saudi support. 
      Current Afghan President Hamid Karzai was a consultant on the pipeline for 
      UNOCAL. Prior to the Tashkent oil summit, on June 23, 1996, a $10 billion 
      wire transfer was made from Cyprus, via Barclays Bank in London, to Enron 
      in Houston. Cyprus is a major banking center for illicit activity. The 
      Tashkent meeting was followed by a spring 1997 meeting between Enron, 
      UNOCAL, and Taliban representatives at the posh Houstonian Hotel in 
      Houston.
 
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 WASHINGTON, DC, June 16, 2005 -- Rep. Tom Davis (R-VA) has fired a shot 
      across the bow of national security whistleblowers who are reporting on 
      how the Bush adminisration is dismantling analyst by analyst and official 
      by official our national security capabilities. Davis used Nazi-style GOP 
      parliamentary tactics, recently pioneered by House Judiciary Committee 
      Chairman James Sensenbrenner (R-WI), to scuttle a June 16 House Government 
      Reform Committee markup on whistleblower protection legislation (H.R. 
      1317). Davis made his move after members of the National Security 
      Whistleblowers Coalition, a new organization dedicated to stronger 
      government accountability through improved whistleblower protections, said 
      they would show up at the House to protest Davis's decision not to support 
      the legislation. A number of employees at the CIA, FBI, NSA, DIA, and 
      other agencies lost their security clearances, were outright fired, or 
      were threatened with sanctions for reporting on malfeasance and 
      incompetence within the US Intelligence Community.
 
 Cover Up Proponent Tom Davis
 
 For more information on the National Security Whistleblowers Coalition, 
      visit www.nswbc.org
 
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 WASHINGTON, DC, June 5, 2005 -- As the AIPAC/Pentagon Israeli espionage 
      scandal grows, more news about the non-reported Israeli penetration of the 
      NSA and U.S. Navy in the 1980s has been revealed by NSA insiders. Veterans 
      of the RCA-NSA-Israeli joint SIGINT program code named DINDI report that 
      Israeli engineer spies used the carve out contract with NSA, through RCA, 
      to gain access to NSA and U.S. Navy secrets. In an RCA facility in Mount 
      Laurel, NJ, the Israeli engineers had their own secured lab, and for three 
      years that DINDI ran, they were walking out with their briefcases loaded 
      with equipment, including scopes. When RCA engineers finally gained acess 
      to their lab, they found the prints laid out for the Trident missile 
      system. RCA had an ongoing contract top develop the Trident communications 
      suite at the time of the security leak. The Israeli engineers on DINDI 
      claimed they were from the Israeli Air Force but months later, an RCA 
      engineer was in New York and he ran into the same Israelis, but they were 
      wearing Israeli Navy uniforms. One ex-RCA engineer commented about the 
      DINDI Israeli spies: "They were all a nice bunch of guys, even when they 
      had their hands in your pockets
 
 http://en.wikipedia.org/wiki/Wayne_Madsen
 
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