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ADNAN KHASHOGGI LINKED TO 911 TERRORISTS

by Alex Constantine

In December 2002, federal prosecutors unsealed a RICO complaint in a Minnesota bankruptcy court filed by a Minneapolis securities firm - MJK Clearing vs. Deutsche Bank Securities, Adnan Khashoggi, Ramy El-Batrawi, GenesisIntermedia (GENI), et al. The complaint posited that the Alex. Brown investment house had run a "loaned shares" stock inflation game from its Toronto office. Two investors stood to profit: Adnan Khashoggi and his lieutenant, Ramy El-Batrawi.

Others headed for the docket, Business Week reported in May 2003, ranged from "an executive at Deutsche Bank Securities in Toronto to stock promoter Rafi Khan and a motley pair of New Jersey brokers, one a convicted felon"1

Like Elgindy, Khashoggi seemed to be pre-cognitive. The plot depended upon foreknowledge of the Wall Street stock tumble that would follow the destruction of the Trade Center towers.

MJK Securities trustee James Stephenson filed the lawsuit, maintaining that Khashoggi and El-Batrawi had loaned shares of the stock to a number of brokerage houses. In exchange, they came away with cash collateral.

"To maximize the amount of cash squeezed out of the stock-lending process, the stock price had to rise, and according to lawsuits, that was done by extensive hyping of the stock," Business Week reported. After 911, when GENI stocks deflated, Khashoggi and Ramy El-Batrawi, the company's CEO, strolled away with millions of dollars. This left the brokerage houses stuck with his devalued paper. The case has since branched into further investigations by the U.S. Attorney's office in Los Angeles and the SEC.2

But in the early 00's, the trail of financial carnage blazed by Khashoggi and his Egyptian crony at Genesis was pushed to the back pages by a story about a rising scandal at Los Alamos Labs. The director of the country's jewel-in-the-crown nuclear R&D facility was forced to resign after the public exposure of slush expense accounts and the disappearance of classified nuclear technology.

With these outrages crowding the front page, the press also paid little mind when, on February 28th, 2001, as the business wires reported, Los Alamos National Laboratory entered into a contract with Nuclear Solutions, Inc., the radioactive waste treatment people.

A year later, Nuclear Solutions' CEO Dr. Paul A. Brown stepped up to announce an agreement with Israel's Institute of Industrial Mathematics to treat waste-water. At this time, Nuclear Solutions, Inc. was dipping into the red. The Israeli contract would certainly lead to more nuclear-waste reclamation projects, but Dr. Brown had secrets that jumped his claim to optimism: an extortion plot and a shower of death threats engineered by an Egyptian investment adviser in Florida, the business partner of a wealthy Saudi "arms dealer."

Anthony Elgindy had recently been arrested for his involvement in a stock swindle involving FBI agents and pilfered classified crime data. The indictment filed against Anthony Elgindy noted that the FBI agents recruited to his immediate crime family combed confidential federal files, and learned that Dr. Brown at Nuclear Solutions had a criminal history. With this information in hand, Elgindy immediately shot off an e-mailed threat to Brown. He went on a binge of short- selling shares in Nuclear Solutions, spread word of Dr. Brown's past on the Internet, barraged him with threatening e- mails.3

But Dr. Brown was dead by the time Elgindy and his entourage were in custody, and faced convicted felon status themselves. On April 7, 2002, he was killed in a car accident. He was driving alone on an icy road late at night and lost control of the vehicle, according to police reports. Coincidence or not, there was a drastic shift in the direction of Nuclear Solutions from its niche in nuclear waste clean-up to development, as the company's web site boasts, of: "licensable product technologies for use in products and services intended for homeland security, defense, nanotechnology, and environmental technology applications."4

One of Nuclear Solutions' contributions in the post-911 age of stress was an invention for detecting smuggled or shielded nuclear material - a device patented by Dr. Brown before his death.5

A month before the accident, Dr Brown (the target of death threats) announced the appointment of John Dempsey to the office of executive vice president and chief operating officer at Solutions. Dempsey was a Naval veteran and nuclear engineer with 21 years at Bechtel, the sprawling military-industrial construction company based in San Franciso. (George Schultz, another Iran-contra conspirator, hailed from Bechtel - and received a warning not to fly on September 11, 2001, according to press reports. Bechtel, of course, cleaned up after the invasion of Iraq, a war "provoked" by the antics of Saddam Hussein and his "mobile bio-weapons labs," according to associates of Khashoggi.

Researcher Lois Battuello sees the saga of Nuclear Solutions as a chapter in an unwritten tome on geopolitcal subterfuge. "As we speak," she says, "Bushies have allocated money for more nuclear weapon output -- not the reverse. The U.S. continues to use radioactive waste in bombs." The political establishment, she says, "doesn't necessarily want to bury all of it. Egyptian Dr. Magdy Elamir created radioactive sites around his MRI imaging clinics at nine locations in New Jersey (nuclear medicine waste improperly disposed), and just maybe this was on purpose."

Is it possible, she asks, that "The Arabs" intended to liberate Dr. Brown's nuclear waste-remediation technology for their own dirty-bomb program? "After all," she says, "we read of the lads in England using all those smoke detectors to put together a small dirty bomb ... To a certain extent, the NWO types need to keep up the fear level and the terrorists are a great way to do it. So give 'em the means to an end.' When you have Elgindy, who is so Muslim Brotherish, bashing this stock, you have to think in terms of how terrorists' might benefit by Paul Brown's death - financially.

"When that stock price slumped, man, potential investors beat a hasty retreat. The irony is that Tony Elgindy is soon to be in the big house, likely for the rest of his life."6

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Notes:

1) Joseph Weber With Gary Weiss, "A Saudi Financier's Squeeze Play," Busniess Week, May 12, 2003.

2) Ibid.

3) Mary La Rosa, "Nuclear Solutions Lost In Ambiguity," Argentina Indymedia, September 05, 2004. http://argentina.indymedia.org/news/2004/09/220957.php

4) Nuclear Solutions, Inc. Press Release via Primezone Media Network: http://www.primezone.com/newsroom/news_releases.mhtml?d=63833

5) La Rosa.

5) Lois Ann Battuello, e-mail exchange with author, October 3, 2004.

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