Wednesday, February 1, 2012
Investment fraud was a form of fundraising for Iran Contra
While we’re on the subject of fraud, let us remember that the Agency was directly involved in the collapse of the BCCI. That bank failed because it was involved in illegal activity - namely arms dealing, drug smuggling and money laundering.
Let us remember that drug smuggling wasn’t the only source of revenue for the extended version of Iran Contra. Investment fraud was another avenue they used to raise money. Retired Navy Intelligence Officer Al Martin claims that Jeb Bush directed him to commit investment fraud to raise money for the cause.
The double dip was a scam they used to raise money. They would get a loan from a bank to invest in a fake or dry oil well. They would over inflate the value of the well and con investors to invest in it. The stock would crash and they would take the investors money as well as default on the bank loan with the promise of being bailed out with tax dollars.
Sometimes the investors were willing participants. They would invest their money knowing it was going to crash. They would be paid out half of their investment and write off the other half on their taxes. That way they broke even and walked away with an autographed picture of Bush and a warm fuzzy feeling they were helping rid the world of Godless Communism using fraud in the process.
The Bush family repeatedly used the scam of conning people out of their money through dry Texas oil wells. Harken Energy was no exception. Neil Bush was even caught in the mother of all conflict of interests by being on the board of Silverado Savings and Loans in Colorado that approved loans for one of his fake oil companies that defaulted on the loan and was bailed out with tax dollars.
The Bush family weren’t the only ones involved in that popular scam. According to Al Martin in his book the Conspirators, the CIA defaulted on many Texas bank loans during the S&L crisis which were bailed out with tax dollars. This is how the CIA did business. Is it any surprise Goldman Sacs helped rip off the EU by hiding the Greek investment fraud? We must open our eyes and protect ourselves from this kind of investment fraud. Our pensions and our liberty are at stake.