For related all the way to LIBOR See:
CARROLL FOUNDATION TRUST CASE
OFFSHORE MONEY LAUNDERING
UBS's Offshore Shell Game | Mother Jones
UBS's Offshore Shell Game
Global Research.ca: Deep Events and the CIA’s Global Drug Connection
Global Research, September 19, 2008
Although there is no reference to the CIA in the SEC proceeding concerning Intercontinental, a former CIA official in a recent interview made an astonishing statement. He said that between 1970 and 1976, almost $5 million of Intercontinental funds was siphoned out for the agency’s use “because we had friends there.” Indeed the CIA apparently had a better arrangement than mere friendship. CIA documents show that Wallace Groves, the founder of Intercontinental and holder of 46% of its shares until he sold his interest for $33.1 million in 1978, was secretly working for the CIA from 1965 to 1972.
Assuredly bankers do not transfer millions of dollars out of friendship. A more credible speculation is that Helliwell was the paymaster, not for officially authorized operations such as the Bay of Pigs, but for dispensing some of the funds from off-the-books operations such as the KMT drug traffic out of Burma supported by his own creations, the CIA proprietaries Sea Supply and Cat Inc. (later Air America).
BCCI and Nugan Hand used the same law firm and registered agent (Bruce Campbell & Company) in the
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