Ex-Riggs bank executive indicted in US for fraud

[emad]

WASHINGTON (Reuters) - A former Riggs Bank vice president and his wife were indicted on Friday on charges of fraud, money laundering and tax evasion in connection with the bank's dealings with Equatorial Guinea.

A federal grand jury returned a 27-count indictment charging Simon Kareri, 47 and his wife Ndeye Nene Fall Kareri, 40 with siphoning more than $1 million from Riggs accounts between 2000 and 2004 -- often through an offshore shell company they set up in 2001.

Kareri was the Riggs account manager for Equatorial Guinea and its ruling family as well as Benin, another West African nation, the indictment said.

"Former Riggs Bank Vice President Simon Kareri and his wife made over $1.4 million by defrauding the bank and its customers, and attempted to net another million dollars by liquidating property the government was seeking to forfeit as proceeds of their fraud," said U.S. Attorney Kenneth Wainstein.

http://www.reuters.co.za/locales/c_newsArticle.jsp;:42a16675:ac4118975ab31810?type=topNews&localeKey=en_ZA&storyID=8695774

[brook]

1. Here's...

some background on Riggs Bank for anyone unfamiliar with the GOP /Bush connections.

[emad]

2. Thanks.

x

[seemslikeadream]

4. It's all right here at DU isn't it emad?

WaPo: Allbritton Loses Riggs Bank (front page, day 3)

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=691609
Legal Woes Cut Into Bottom Line at Riggs
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=974861

Despots, Deposits & Directors - Riggs Bank
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=924033

[emad]

12. Hunky dory in the freeper-free zone...

...

[seemslikeadream]

9. Riggs and Equatorial Guinea

working links here
http://www.democraticunderground.com/discuss/duboard.ph...


British businessman accused of leading role in failed coup

Exclusive Investigation: Mercenaries held over Equatorial Guinea plot identify west London consultant as mastermind
By Paul Lashmar and Adrian Gatton
16 May 2004


A management consultant from west London has been accused of being one of the masterminds behind a plot to overthrow the government of the oil-rich African state of Equatorial Guinea.

The failed coup - strikingly reminiscent of Frederick Forsyth's mercenary tale The Dogs of War - came to light in March with the dramatic arrests of 67 soldiers of fortune at Harare airport in Zimbabwe. Now a witness statement seen by The Independent on Sunday names Greg Wales, 53, an accountant and management consultant, as a key organiser behind the plot.

He vehemently denies any involvement. But the government of Equatorial Guinea has confirmed to the IoS that it now wishes to interview Mr Wales, who has homes in Chiswick and Wiltshire and a history of business in Africa.

A statement on behalf of the state and President of Equatorial Guinea said yesterday: "The appropriate authorities are anxious to interview Mr Wales in view of his apparent involvement in the attempted coup d'état." British lawyers acting for the government have asked Scotland Yard's Anti-Terrorist Branch to investigate Mr Wales's role. "We believe attempting a coup against an elected government by the use of force is an act of international terrorism and should be investigated as such," one lawyer said

more
http://www.zimbabwesituation.com/may16a_2004.html#link21

Mr du Toit claims that Mr Wales arranged much of the finance for the coup.


Mr Wales denies involvement in the coup. While he says he knows most of the key figures said to be involved in the failed plot, he stressed: "I was not involved in a coup. I do not even believe that there was a coup plot. This is all a deal between Mugabe and Obiang. If the government of Equatorial Guinea is saying I was involved then it is a joke."

But Mr du Toit identifies Mr Wales as a key organiser, in a statement seen by the IoS. It was signed in the presence of a British lawyer working for the government. In the statement he says: "The first person who I spoke to about the coup was Greg. I had not met him before. I do not know how he got my telephone number but this was probably through Simon Mann. I do not know his family name."

The IoS has confirmed that Mr du Toit had Greg Wales's personal mobile number in his notebook. Mr Wales is an old Africa hand and has been involved with Mr Mann over many years; Mr du Toit claims that Mr Wales arranged much of the finance for the coup.

At the time, Mr du Toit was based in Equatorial Guinea starting up businesses, including a deep-sea fishing project and an airfreight operation in partnership with ministers. In his statement he says: "He called me and asked me to meet him on 4 January 2004 in Sandton, South Africa. He said he had a business proposition for me ... I decided to see what he proposed."

more
http://www.zwnews.com/print.cfm?ArticleID=9300

The weapons supplied to Nick Du Toit's customers


The alleged mercenaries, arrested in March, are to be extradited to Equatorial Guinea to stand trial for plotting the overthrow of the government there. The Harare authorities announced the extradition last week, not long after receiving legal documents from lawyers representing the arrested men outlining their defence to various minor charges laid against them in Zimbabwe.

A court case would have revealed that the parastatal Zimbabwe Defence Industries (ZDI) has been working for the past few years with a number of white South Africans in joint ventures to ship arms around the continent.

'There was no way he would have got involved in a coup'
The South African arms brokers, operating with offshore companies, registered in places like the Bahamas, were able to guarantee delivery of weapons "within 24 hours of payment being received, to anywhere in Africa," according to a source in Pretoria.

Once payment had been received, an aircraft would be dispatched from South Africa to Harare. It would load the weapons from military facilities at Harare airport and would then fly on to its final African destination, said the source
The weapons supplied to Nick Du Toit's customers could have come from three sources: The Zimbabwe National Army armouries; from weaponry captured by Zimbabwean troops in their involvement in the DRC or could be have been bought new.

more
http://www.iol.co.za/index.php?click_id=84&art_id=vn200 ... ...

Equatorial Guinea also involved in the Riggs bank scandal


but laundering money for the government (Obiang) and likely paying out the bribes from the oil companies.

LA Times story (somewhere odd) has good details: http://www.ocnus.net/cgi-bin/exec/view.cgi?archive=43&n ... ...

That's the Jonathan Bush linked company that there were other stories about today and recently--funneling money from Saudi's to the West Coast 9/11 terrorist cell.

I don't yet get if or how the coup money would be related. Greg Wales doesn't google very well, for one. But naturally we have a Bush linked company doing something hokey with oil rich EG, so there's got to be more to it. From some reading today, I think the International arm of Riggs is based in Miami--maybe throw in some Jeb, Cubans, drugs or other crazy Florida stuff that always makes up a nice BFEE crime conspiracy. I'm catching a strong wiff of BCCI.

Mugabe to barter mercenaries for fuel


Zimbabwean President Robert Mugabe has struck a deal with Equatorial Guinea to extradite the 70 suspected mercenaries held in Harare to the oil-rich country in exchange for fuel worth US1.2-billion.

Official sources say Mugabe has agreed with Equatorial Guinea's President Teodora Obiang Nguema Mbasogo to hand over the mercenaries, accused of plotting a coup in the West African nation, on condition that he received a two-year supply of fuel.


The deal was first discussed at a meeting between Mugabe and Obiang in Pretoria on April 27.


Mugabe and Obiang were in South Africa to attend President Thabo Mbeki's inauguration.


"Initially, Mugabe did not want to send the suspects to Equatorial Guinea because he wanted to use them to gain cheap publicity and later to bargain for fuel," a source said. "Obiang had to send at least three teams to Zimbabwe to negotiate the extradition but Mugabe refused. It was only after Obiang accepted the fuel deal that he agreed."

more
http://www.sundaytimes.co.za/2004/05/16/news/africa/afr ...


Zim strikes detainees-for-fuel deal

author/source:Zimbabwe Independent
published:Fri 14-May-2004
posted on this site:Sat 15-May-2004


Deal entails US$50 million worth of fuel monthly for two years

Gift Phiri/Dumisani Muleya

In an unusual diplomatic arrangement, Zimbabwe has entered a US$1,2 billion deal to extradite the 70 suspected mercenaries currently held in Harare to Equatorial Guinea in exchange for fuel. Intelligence sources say President Robert Mugabe discussed the deal with his Equatorial Guinea counterpart, Teodora Obiang Nguema Mbasogo, at their initial meeting in Pretoria with South African president Thabo Mbeki on April 27. Mugabe and Obiang were in South Africa to attend Mbeki's inauguration. The three leaders are said to have met over the mercenaries' saga after Zimbabwe had earlier refused to send the suspects for trial in the oil-rich Equatorial Guinea. Sources said the meeting agreed in principle that Zimbabwe would extradite the suspected mercenaries on agreed terms and conditions. Mugabe and Obiang finalised the mercenaries-for-fuel arrangement at a meeting in Bulawayo the following day. The two leaders met at State House in the second city on April 28. After the meeting Obiang told journalists that they had been discussing the issue of the suspects' extradition. High-level sources said Mugabe agreed to extradite the suspected soldiers of fortune on condition Equatorial Guinea - the third largest oil producer after Nigeria and Angola in sub-Saharan Africa -would supply Zimbabwe with fuel.


more
http://www.zwnews.com/issuefull.cfm?ArticleID=9292



Business
Bank and African Oil State Ties Probed
By Ken Silverstein, LA Times 9/4/04
Apr 11, 2004, 07:50



A federal grand jury and a Senate subcommittee are investigating the relationship between a prominent Washington bank and a tiny, oil-rich West African state.

Investigators are scrutinizing hundreds of millions of dollars in accounts held at Riggs Bank by the government of Equatorial Guinea and its ruler, Brig. Gen. Teodoro Obiang Nguema Mbasogo. Sources familiar with the probes said investigators were trying to determine whether any deposits into Obiang's personal accounts were the fruits of corruption and whether funds from a state account were diverted to the president or his family members.

The Times first reported on Riggs' relationship with Equatorial Guinea last year, which prompted the bank to conduct an internal investigation. Riggs subsequently dismissed Simon Kareri, a senior executive overseeing the Equatorial Guinea accounts.

In February, Riggs ordered Equatorial Guinea's government to withdraw all of its assets from the bank. U.S. government and banking sources said Equatorial Guinea has had difficulty finding another U.S. bank to take its money, and most, if not all, of its deposits are still held at Riggs.

"Riggs' security procedures detected questionable activities on the part of Simon Kareri," said Mark Hendrix, a bank spokesman. "Riggs turned the matter over to U.S. criminal authorities. Riggs is cooperating with authorities and, in light of the investigations, views it as inappropriate to comment further on these matters."


Interesting but not surprising that whatever congressional inquiry is flying under the radar. The $25 million is nothing but a slap (Riggs has $6.4 billion in assets), as someone here pointed out. But the fact that Allbritton stepped down, and they are shutting down Miami and some of the other money laundering capabilities, suggests the shit has hit the fan.

Here's the guy who runs the London Riggs: Steve Pfeiffer (who googles better).

Bio: http://www.fulbright.com/site_map/FindAttorney/371.htm

I'd guess his operation would the point for paying out the British mercs. He's some sort of Africa specialist, former assistant to Sec of the Navy (and assistant CINC Europe and NATO muckty-muck) sometime around Regan. (Yale Law too).

Here's the Riggs 2002 annual report:
http://www.riggsbank.com/Discover_Riggs/annualreport200 ...

Lots of names worth checking out--I'm going to see what comes up with Juan Luis Toro, who ran the Miami international operation. I'll bet there's some connection to Haiti, Columbia/Venezuela and/or something more with 9/11.

Cool that we get a Walker involved and they have offices in the Watergate. "It's all the same fucking day, man" (--Janis J).

Random thoughts


Panama Noreiga - BCCI money - US grabs him

Haiti bAristide - Riggs money? maybe - US grabs him

Equatorial Guinea President, Teodore Obiang - Riggs money - US tries to grab him?

What other coups have we done and are they related to bank money?


I'm all over the map there, Snazzy if you want me to head down some road let me know. I'll go wherever you think.

How much was BCCI? Was it 500 million?

6.5 billion Riggs. Is that right or am I way off. I've got stuff to get done, be back later. PM me if you want. Thanks for everything you've brought.

Saudi-ization of African oil


Same plan, different country. Take oil rich nation, find dictator who can be educated on siphoning off oil profits for his own personal wealth (to the further impoverishment of his people) and in exchange for preferential treatment of us companies.

Were they about to double-cross Obiang? His money was initially frozen in DC--it has now left. Was he just exiting to his Maryland mansion? Dunno, but this Riggs bank connection sure seems to be the follow-the-money thread to pull on Bushco for several different plots. Enough material here for a book.

For one, I'd like to ask someone who knows WTF, say an economist (can we get Krugman?), how an "Edge Act" bank functions, and what's up in Miami with international banking in general. How does that tie in with the export/import bank in DC and Riggs? The Edge Act is something about a bank that can only lend to foreign banks--that Jonathan Bush and Riggs in general could control such an entity while also engaging in other business like investments and domestic lending apparently violates the "Edge Act" (and a bunch of other regulations) and is partly why Riggs is dumping that portion of the business. I wonder whether there have been changes under Jeb that had led to Miami expanding the definitions of what's allowable into money laundering for oil and terror. The answer is: of course he did, just need to find that.

A complicated thread to pull--18 browser windows open so far! Like I found this great Newsweek Isikoff piece from April that I missed:

http://www.msnbc.msn.com/id/4661093


Among the payments that have drawn scrutiny, documents show, were $19,200 in checks between December 2000 and January 2003 from the Saudi Embassy to an Islamic cleric, Gulshair Muhammad al-Shukrijumah. The Florida-based imam has been on the FBI's radar screen for some time: he once testified on behalf of convicted terrorist Clement Hampton-El.

Hampton-El was convicted in trying to blow up the WTC the first time in '93. al-Shukrijumah is apparently still missing, also served as the blink sheik's interpreter and may have had a serious role in 9/11. So, it's not just the princess sending money to the West Coast cell.

(Another browser window has the odd factoid that the former head of Riggs international lending (Paul Cushman III) died with Ron Brown in '96. Wild. Kareri succeeded him.)

Plenty to run down here, although a tangent (or the opposite side of the coin) to the original news story in this post. Haven't come across anything that links Riggs to funding of the coup. Maybe it's more like switch dictators and get to keep the Riggs money.

Pinochet


Revealed: Pinochet drug smuggling link
Special report: Pinochet on trial

Hugh O'Shaughnessy
Sunday December 10, 2000
The Observer

The Chilean army and secret police have spent almost two decades secretly flooding Europe and the US with massive shipments of cocaine. The trafficking began during the 17-year dictatorship of General Augusto Pinochet and continues to this day, a year-long investigation for The Observer has established.

Twelve tons of the drug, with a street value of several billion pounds, left Chile in 1986 and 1987 alone. The drugs, destined for Europe, have often been flown to Spanish territory by aircraft carrying Chilean-made arms to Iraq and Iran. Distribution to Britain and other European countries has been controlled by secret police stationed in Chilean embassies in Stockholm and Madrid.

...

Pinochet, who is now fighting arrest on kidnapping and murder charges in Santiago, has not clarified how he and his wife, Lucia, bhad $1,169,308 (around £730,000) in their account in the Riggs Bank in Washington on 1 March 1997. As commander-in-chief of the Chilean army, his annual salary in March 1997 was $16,000 (£10,000).

http://www.guardian.co.uk/Pinochet_on_trial/Story/0,276 ... ...

Pinochet's account was also mentioned in the recent WSJ article on Riggs.

Interesting that the possible new mercs, according to today's African newspaper story, are Chilean.


Bush, the Saudi billionaire and the Islamists: the story a British firm is


MUST SEE: stories on Riggs National Bank -- note links to 2 of 19 hijackers in San Diego through wire transfer from Saudi Arabia. Jonathon Bush, George W. Bush's uncle, is a top official within the bank and the Motley suit brought by the 9/11 families has issued a subpoena of the bank's records. -KFH


Articles / Current News about 9-11
Date: Apr 02, 2004 - 04:25 PM
Publication of book cancelled as libel laws blamed for stifling free speech
David Leigh -- Wednesday March 31, 2004 -- The Guardian

A book investigating links between rich Saudis and US politicians has been suppressed by the giant publishing firm Random House because, it says, of growing "libel tourism" by wealthy foreigners, and exorbitant legal "success fees".

Libel lawyers are stifling free speech, the deputy chairman of Random House, Simon Master, said yesterday.

The UK publication of House of Bush, House of Saud, by the American writer Craig Unger, has been cancelled because Secker and Warburg, a Random House subsidiary, says it can no longer afford such risks.

The book focuses in part on the activities of a Jeddah-based Saudi billionaire, Khalid bin Mahfouz, who has been engaged in a war of words in the US, where there have been public accusations by officials linking him and others to funding received by Osama bin Laden.

more
http://www.911citizenswatch.org/print.php?sid=176


Hijacked bank

Questions also remain regarding the web of money transfers from Princess Haifa, Prince Bandar and the daughter of late King Faisal, some of which reached Nawaf Alhazmi and fellow terrorist Khalid Almihdar.Princess Haifa's bank account--the source of the funds which ultimately supported the alleged hijackers--was with Riggs Bank where Jonathan J. Bush, the brother of former President George H. W. Bush and uncle of President George W. Bush, is CEO, President and Director of Riggs' investment management subsidiary.

snip

After Al Bayoumi fled the U.S. to England in July, 2001--two months before the attacks, Princess Haifa's Riggs Bank checks were then sent to Osama Basnan, who with his wife Majeda Dweikat, were both later to be found in the U.S. illegally as a result of poor or suspicious State Department visa supervision.

Former FBI linguist Sibel Edmonds said she found evidence of espionage in both the State Department and the FBI in pre-9/11 translations of intelligence intercepts--which also warned about planes used as weapons well before the attacks.A federal law enforcement source said Basnan was a known "al-Qaeda sympathizer" who "celebrated the heroes of September 11" at a party after the attacks and openly talked about "what a wonderful, glorious day it had been," according to Newsweek.

Al Bayoumi and Basnan both befriended Alhazmi and fellow Saudi hijacker Khalid Almihdar after they arrived in San Diego, according to the sources; and the Riggs checks from Prince Bandar's wife helped the terroists pay rent and living expences in the months just prior to the attacks, according to reports. Newsweek said Al Bayoumi helped them obtain social security cards and helped them arrange for flying lessons in Florida--indicating dramatic evidence of the state of congressional internal security oversight.

Basnan was convicted of visa fraud and deported to Saudi Arabia on November 17, 2002. His wife Majida Ibrahim--who had also laundered checks from Riggs Bank--was deported the same day to her native Jordan for visa violations. (Washington Post, 9-24, 2002) Reasons were not given why the White House allowed the high profile suspects to leave the country on charges much less important than being implicated as an accessory to mass murder.

more
http://www.tomflocco.com/modules.php?name=News&file=pri ...

Exclusive: New Questions About Saudi Money—and Bandar

Eric Draper / The White House


The White House is monitoring a joint FBI-Treasury Department probe into wire transfers overseas by Saudi ambassador Prince Bandar bin Sultan, pictured with the president in August 2002
By Michael Isikoff
Investigative Correspondent
NewsweekApril 12 issue - A federal investigation into the bank accounts of the Saudi Embassy in Washington has identified more than $27 million in "suspicious" transactions—including hundreds of thousands of dollars paid to Muslim charities, and to clerics and Saudi students who are being scrutinized for possible links to terrorist activity, according to government documents obtained by NEWSWEEK. The probe also has uncovered large wire transfers overseas by the Saudi ambassador to the United States, Prince Bandar bin Sultan. The transactions recently prompted the Saudi Embassy's longtime bank, the Riggs Bank of Washington, D.C., to drop the Saudis as a client after embassy officials were "unable to provide an explanation that was satisfying," says a source familiar with the discussions.



A Saudi spokesman strongly denied that any embassy funds were used to support terrorism and said Bandar chose to pull the embassy's accounts out of Riggs. The Saudis point out that an earlier FBI probe into embassy funds that were moved to alleged associates of the 9/11 hijackers has not led to any charges. The current probe, by the FBI and Treasury Department, is one of the most sensitive financial inquiries now being conducted by the government and is being closely monitored by the White House. The federal commission investigating 9/11 was also recently briefed on developments, sources say. U.S. officials stress that they have identified no evidence of any knowing Saudi aid to terrorist groups. But they express frustration at their inability to penetrate a number of large and seemingly irregular transactions. "There's a lot of money moving in a lot of directions—maybe not all that carefully," said one senior law-enforcement official. "Everyone wants to get to the bottom of it."
http://msnbc.msn.com/id/4661093 /


but only found this
Teodorin Nguema Obiang, son, wanted to live in a building where the arms superdealer Adnan Khashoggi once lived -

so far!

Western business has followed on the heels of the Texan oil men with gusto.
Only 15 years ago Malabo had just one hotel with no electricity, food or
running water. Two cars in the street was a traffic jam, and the phone
directory had just two pages, listing subscribers by their first name. The
airport terminal was a tin-roofed shack that received just one international
flight. Today, however, the French have built a mobile phone network, sports
utility vehicles whizz through the streets, and several international
carriers service the smart new airport terminal. Prostitutes clamour around
the gates of several new hotels. The US re-opened its embassy in October
last year, following an eight-year closure in protest at torture and other
human rights abuses. At around the same time the Dutch carrier KLM renamed
one of its planes after Mr Obiang, to mark the opening of the new airport
terminal. "It was like calling a plane Pol Pot," said one analyst. A
campaign against US involvement in Equatorial Guinea is building. The
influential US news programme 60 Minutes criticised the pact between Mr
Obiang and the oil companies last autumn. The latest State Department human
rights report, released last month, cataolgued an array of police torture,
arbitrary arrest and detention and the failure of the courts to administer
justice. In Washington, the FBI has started investigating a $700m bank
account at the Riggs Bank, of which Mr Obiang is apparently the main
signatory. One bank employee has already lost his job over the scandal.

But the greatest threat to Mr Obiang's dictatorial dominance comes from his
own family. The president has been sick, reportedly from prostate cancer,
and tensions have arisen among the ruling clan over his succession plans.
Some are worried over apparent plans to hand power to his son Teodorin - a
government minister, rap music entrepreneur and international playboy. The
30-something Teodorin parties in Rio de Janeiro, does business in Hollywood
and lives at five-star hotels in Paris, where he drives in Bentley and
Lamborghini cars. Some years ago he invested several hundred thousand
dollars to start his own rap label, TNO Entertainment, standing for Teodorin
Nguema Obiang. It apparently failed to release any records, but according to
Hollywood gossip he has had a relationship with the American rap star Eve.
Teodorin is also fond of female company from other countries - according to
one associate, he once turned up for a meeting in Paris accompanied by
several Russian women. He is a keen property investor, owning a $6m mansion
in Bel Air. But when he tried to buy a multi-million dollar apartment in New
York - in a building where the arms superdealer Adnan Khashoggi once lived -
the board of management rejected his application.

http://www.zimbabwesituation.com/mar18_2004.html



At Riggs, problems passed on with legacy
Joe L. Allbritton won control of Riggs Bank in 1981 and used it as a launching pad into Washington`s top business and political circles. He assiduously cultivated "The Riggs" cachet as the bank for foreign governments and diplomats and steadfastly refused to sell the institution even as most of his competitors sold out, The Washington Post reported. Riggs has cultivated the diplomatic community and one quarter of its $4 billion in deposits come from that source. "My pride in Riggs has been paramount in my activities," he said in an interview when he retired in February 2001. "And you know, if you have just enough money, you`ll do more for pride than you`ll do for money…. My object was to put Riggs in a position where it could be the survivor. It is that." But when he bequeathed Riggs to his son Robert after retiring, he also passed on Riggs`s long-simmering problems complying with banking secrecy laws. Most controversial has been the use of hundreds of millions of dollars in funds controlled by the Saudi embassy in Washington, as well as suspicious transactions involving officials of Equatorial Guinea.

http://www.diplomatictraffic.com/embassy_briefs.asp?ID= ...


This has probably been posted before but lets read it again


The action followed the $25 million civil fine against the midsize Washington bank, which has a near-exclusive franchise on business with the capital’s diplomatic community. The fine, which had been expected, is the largest ever imposed on a financial institution for such violations, experts said.


The FBI and regulators have investigated, for possible connections to terrorism financing, large cash transactions in Riggs accounts controlled by Saudi diplomats.

The Senate Finance Committee chairman, Republican Charles Grassley of Iowa, recently asked the panel investigating the Sept. 11 attacks to examine Saudi transactions at Riggs and FleetBoston Financial Corp.

“Riggs Bank deserves every penny of this huge fine,” Grassley said Thursday. “Banks have a patriotic duty, not to mention legal requirement, to report suspicious activity. When banks look the other way, they put our national security at risk.”

Grassley said members of the bank’s board of directors should be held to account.

The Treasury regulators had earlier accused Riggs of failing to comply with a law requiring banks to notify the government of suspicious transactions. The bank also had been classified by the comptroller’s office as a “troubled institution” for not complying fully with a July 2003 consent order under which it agreed to strengthen its anti-money laundering controls.

more
http://msnbc.msn.com/id/4973033 /

FleetBoston Financial?????



http://www.archives.gov/research_room/independent_couns ... ...

Foundation of the Friends of Equatorial Guinea and the United States

Kareri could not be reached for comment. His attorney, Jonathan Shapiro, did not return phone calls. Shapiro, a high-profile attorney based in Virginia, previously represented convicted sniper John Allen Muhammad.
Sources also confirmed that Riggs held accounts for Teodoro Biyogo Nsue, Equatorial Guinea's ambassador to the U.S. and Obiang's brother-in-law, and for Obiang's son, Teodorin Nguema Obiang.

The latter is a government minister but spends little time in the country. Housing and business records show that the son owns a $6-million home in Los Angeles as well as a music company in L.A. called TNO.

Armengol Ondo Nguema, Obiang's brother and the country's feared security chieftain, also held a personal account at Riggs. In correspondence obtained by The Times, Kareri referred to Nguema -- who is accused in U.S. State Department reports of employing torture -- as a "valued customer."
Kareri is close to Obiang and his family. Records show that he is also a board member of the U.S.-based Foundation of the Friends of Equatorial Guinea and the United States, whose aim is to promote stronger ties between the two countries. Other board members of the group include Equatorial Guinea's representative to the International Monetary Fund and the country's minister of justice.

Sources told The Times that Riggs' demand that Equatorial Guinea withdraw its funds reportedly occurred after a tense meeting in Washington among bank officials, Obiang, the FBI and several government representatives. An FBI official said the agency could not comment on an ongoing investigation.


http://www.ocnus.net/cgi-bin/exec/view.cgi?archive=43&n ... ...


"warbusiness"

Child soldiers wait in Bule for orders to move. When this photo was taken, they were the only defense forces in a 25-mile radius. Two days later they too pulled out, and Bule was attacked.


http://www.zwnews.com/warbusiness.doc

one tiny snip:

In April 2001, an MPRI representative met with the Pentagon’s regional director for Central Africa to discuss the company’s hopes of winning the contract to train Equatorial Guinea’s forces. “They may need our help or moral support,” Lt. Col. Karen Kwiatkowski wrote in a memo on the meeting, obtained by ICIJ under the U.S. Freedom of Information Act. She quoted the MPRI representative as saying that Equatorial Guinea was “the Kuwait of the Gulf of Guinea” and, in a briefing paper three months later, advanced that characterization to “a possible ‘Kuwait of Africa’ with huge oil reserves” that was “US-friendly for both investment and security reasons.” Kwiatkowski also noted in her April memo that the highest-ranking U.S. official to meet with Obiang when he visited Washington early in 2001 was an assistant secretary of agriculture – that after French President Jacques Chirac had spared time to meet with him.

Despite concerns about Equatorial Guinea’s human rights record, Obiang’s currency rose dramatically after the Sept. 11 terrorist attacks. When he visited the United States as it marked the first anniversary of the attacks, Obiang was among 10 African leaders to meet with President George Bush for talks on the prospect of war with Iraq and peace and development on the African continent.


ended up here because of this:

If you've been reading the news the last few days you may have noticed this odd and somewhat mysterious story of a US-registered cargo plane loaded with 64 "mercernaries" and various military equipment which was impounded

Sunday night at Harare International Airport in Zimbabwe "after its owners had made a false declaration of its cargo and crew."

When asked about it on Monday, State Department spokesman Richard Boucher said "We have no indication this aircraft is connected to the U.S. government."

That seemed like a rather less than unequivocal response. And behind the scenes US government officials said they didn't believe the US government had any connection with this operation. But they wanted to make sure before saying anything definitive.

Now, if you look at the press accounts, what's caught people's attention is the US registry of the plane. Specifically, it's registered to a company called Dodson Aviation, which is based in Kansas.

Now, Dodson says they sold the plane to a "reputable" firm in South Africa about a week ago. "I think they were going to use it for charter flights," company director Robert Dodson told the Associated Press.

Now here's a little more detail.

Dodson Aviation of Kansas has a South African subsidiary, Dodson International Parts SA Ltd (According to their website, "Dodson International Parts SA (Pty) Ltd is the African division of United States based companies Dodson International Parts Inc. and Dodson Aviation. The company was established in 1998 and is based at Wonderboom Airport, Pretoria.") And it was from this subsidiary's hangar at an airport just north of Pretoria that the aforementioned mercenaries boarded the plane.

Now, here's where this gets a little murky.

I wanted to find out more about Dodson International Parts SA Ltd. What I found something out about was a company that sounded very similar: a South African company called Dodson Aviation Maintenance and Spare Parts.

They're also in the airplane business.

Not exactly the same name. But remember, the South African company is the subsidiary of two American companies, Dodson Aviation and Dodson International. If these aren't the same company, or closely related companies, I'd figure they often get confused for one another.

In any case, here's what I found about Dodson Aviation Maintenance and Spare Parts.

They come up in the December 2000 Report of the Panel of Experts to the United Nations on Sierra Leone, in the section of the report dealing with the arms trade.

Here's the section that caught my eye (italics added) ...

187. Fred Rindel a retired officer of the South African Defence Force and former Defence Attaché to the United States, has played a key role in the training of a Liberian anti-terrorist unit, consisting of Liberian soldiers and groups of foreigners, including citizens of Sierra Leone, Burkina Faso, Niger and The Gambia.
188. The panel interviewed Mr Rindel extensively. Rindel was contracted as a security consultant by President Charles Taylor in September 1998, and training started in November 1998. The contract included consultancy services and strategic advice to convert Charles Taylor's former rebel militia into a professional unit. The Anti-Terrorist Unit is used in Liberia to protect government buildings, the Executive Mansion and the international airport, and to provide VIP Security and the protection of foreign embassies. The numbers trained were approximately 1200. Because of negative media attention, Rindel cancelled his contract in Liberia in August 2000.

189. In 1998, ECOMOG identified a plane, registration number N71RD, owned by a South African company, Dodson Aviation Maintenance and Spare Parts, as having carried weapons to Robertsfield in September of that year. The plane is a Gulfstream 14-seater business jet that cannot be used for arms transport, but there are other relevant connections. Fred Rindel was the owner of Dodson. The company was closed on 31 December 1998, but during the period under investigation, the plane was leased to, and operated by, Greater Holdings (Liberia) Ltd., a company with gold and diamond concessions in Liberia. The plane was used for the transport of the Greater Holdings' staff to and from Liberia.



Mr. Rindel's name came up earlier in 2000 in testimony at the UN Security Council by then-UN Ambassador Richard C. Holbrooke in a discussion of Sierra Leone (italics added) ...

In regard to arms trafficking to Sierra Leone, Mr. Chairman, we remain concerned and I would like to add a few more items to the record. The principal Africa countries involved in arms trafficking to the RUF - though they deny it - include Burkina Faso, Liberia and Libya.
In 1999, planes landed in Ouagadougou, allegedly coming from the Ukraine, with several tons of small arms and ammunition. This incident, which the Ukrainians say has stopped, is one that we believe should be brought to the attention of your committee.

In regard to trafficking, arms brokers have played a vital role in keeping the RUF supplied with weapons and other military materiel. A well-known arms and diamond dealer in Sierra Leone, Zief Morganstein, in July 1999 arranged for a Continental Aviation-based charter out of Dakar to fly a shipment of small arms from Bulgaria to Sierra Leone. Last year the RUF received 68 tons of weapons from Bulgaria, which Morganstein may have helped arrange. There have been other connections between former government officials from South Africa during its Apartheid regime who now operate as private individuals, including Fred Rindel, the South African Defense Attache in Washington, who now works as a security consultant in Liberia and trains Liberian troops and RUF insurgents. There are other charges about other businessmen who are reportedly helping the Sierra Leone government coming from various countries around the world.



Now, I've scanned the news coverage of this and I haven't seen any mention of this seeming connection. So perhaps these are two utterly unrelated companies?

As of Tuesday the situation in Zimbabwe seems to be calming down, though now there are apparently fears in Equatorial Guinea that these mercenaries were somehow intended to assist a coup in that country. (No, I can't keep up either.) "Some 15 mercenaries have been arrested here," the country's Information Minister Agustin Nse Nfumu told Reuters. "It was connected with that plane in Zimbabwe. They were the advance party of that group."

Equatorial Guinea is next door to Gabon. And Joe Wilson used to be the US Ambassador there back in the day. So maybe he can make some sense of this. I can't. But I'd be very interested to talk to the investigators who put together that UN report and see if there's any connection between Dodson International Parts SA Ltd and Dodson Aviation Maintenance and Spare Parts.

http://www.talkingpointsmemo.com /

I just can not forget that Poppy's gold mining buddies Barrick



War is Golden for the Bush Administration
And the commodities connection? President Pretzel's relentless hissy-fit for war on Iraq has of course goosed the price of gold enormously--and that's set Bush Family coffers a-clinking. How so? In the waning days of his failed presidency, Bush I invoked an obscure 1872 statute to give a Canadian firm, Barrick Corporation, the right to mine $10 billion in gold from U.S. public lands. (U.S. taxpayers got a whopping $10,000 fee in return.) Bush then joined Barrick as a highly-paid "international consultant," brokering deals with various dictators of his close acquaintance. Barrick reciprocated with big bucks for Junior's presidential run. And in another quid for the old pro quo, last year Junior dutifully approved Barrick's controversial acquisition of a major rival. (Barrick is also one of the biggest polluters in America, by the way.)

http://www.counterpunch.org/floyd02152003.html

The money behind Barrick is from Saudi arms dealer and Bush family friend Adnan Khashoggi, who was identified as conduit in the Iran-Contra conspiracy. In 1986 he was arrested and charged with fraud but failed to be convicted. In one of his last acts as president Bush pardoned Khashoggi's alleged co-conspirators, who were key members of Bush's own cabinet. As a result, no case could be made against Khashoggi – or against Bush himself.

http://www.penfield-gill.com/presentations/bush_the_eld ...

Where was flight N4610 heading?

March 10 2004 at 08:11AM



They were 64 "heavily built men", mostly white. No, they were all black. No, only 40 of them were black.

The plane left South Africa illegally from Wonderboom airport, strayed into Zimbabwe airspace and was ordered down. No, the plane left the country legally, having filed a flight plan to Harare and then on to Burundi. No, the plane was headed for the Democratic Republic of Congo (DRC).

The men on board were suspected of being mercenaries hired to overthrow Zimbabwean President Robert Mugabe. No, they were on their way to overthrow the government of Equatorial Guinea. No, they were going to the eastern DRC to carry out security duties.

These are just some of the stories surrounding the flight of N4610, a Boeing 727-100 cargo plane that has been impounded in Harare.

And 64 - though some reports say there are 67 - of those who were aboard, whether they were white, black or a mixture, and whether they were mercenaries or honest men, are in Harare cells facing intense interrogation.

On Tuesday, a company named in connection with the flight disputed all the speculation, saying the "mercenaries" were in fact security people "going to eastern DRC".

They were stopping in Zimbabwe to pick up mining equipment, "Zimbabwe being a vastly cheaper place for such".

Charles Burrow, a senior executive of Logo Logistics which had chartered the Boeing 727 freighter, said via telephone from London that most of the people on board were South African and had military experience, but were on contract to four mining companies in the DRC. He declined to name the companies.

http://www.iol.co.za/index.php?click_id=84&art_id=vn200 ... ...

Plane Did Stop At Grantley Adams - Thursday 11, March-2004

A UNITED STATES registered plane at the centre of controversy after being detained on Monday with 64 suspected mercenaries aboard by the Zimbabwean government did stop at Grantley Adams International Airport last Saturday morning.
Informed sources told the DAILY NATION yesterday that the aircraft, a Boeing 727 (100 series), with registration number N4610, landed in Barbados shortly after midnight for refuelling before leaving around 6:30 a.m.

Sources also indicated that the aircraft, which Zimbabwean officials alleged also carried military equipment, had arrived from the Hope Air Force Base in North Carolina, United States, before its stop-over in Barbados.

Further reports stated that the plane, originally a commercial PanAm Airways aircraft up until a week ago, was being operated by the American Air Force, but international Press reports stated it had been sold to a South African company.

http://www.nationnews.com/StoryView.cfm?Record=48033&Se ... ..


_____________________________________________________________

Corporate Mercenaries - Executive Outcomes Leads to Bush


Executive Outcomes is the most infamous mercenary company in operation today. Unlike traditional mercenary companies, it operates as the heavy partner in a web of related companies. Sandline international is such a sister company: 170 elite South African dogs of war were hired to crush the Bougainville freedom Fighters for $22m. Just another job for the likes of Sandline international? Paul Vernon investigates...

Set up in 1993 by Tony Buckingham and Simon Mannl <1>, Executive outcomes (EO) has worked in Asia, Africa and South America. Most of it's personnel are hired from South Africa.

Buckingham is the chief executive of Heritage Oil and Gas, which is now registered in the (tax-free) Bahamas. When EO was hired by the Sierra Leone government to crush people's revolt, Heritage received much of the payment in the form of mining rights. Sir David Steel MP happens to be a director of Heritage as well as a close friend of Buckingham. Recently Sierra Leone was thrown back into chaos with another military coup.

Eeben Barlow, the present CEO of Executive Outcomes, is a veteran of the Civil Co-operation Bureau, which allegedly assassinated antiapartheid activists. Barlow is the frontman for the group he told Newsweek (2) in February: "I'm a professional soldier. It's not about politics. I have a job to do. I do it." EO is thought to have a annual turnover of more that £20 million.

The South African government, with help from officials from the United Nations, has begun to draft proposals of legislation aimed to counter what officials called "the increasing frequency with which our soldiers-of-fortune are operating overseas".(7)

http://www.corporatewatch.org.uk/magazine/issue4/cw4f8 ....

Executive Outcomes ties lead to London and Bush
Executive Intelligence Review January 31, 1997, pp. 42-43
by Roger Moore and Linda de Hoyos

Exposes appearing on both sides of the Atlantic on the mercenary group Executive Outcomes, threaten to blow the lid off the British intelligence nexus already identified as responsible for the February 1986 murder of Swedish Prime Minister Olof Palme, and for the current cataclysmic destabilization of Africa on behalf of circles associated with the Queen of England's Privy Council and Sir George Bush.
The exposes appeared in the French daily {Le Figaro} on Jan. 16, the {London Observer} on Jan. 17, and the February issue of the American magazine {Harper's.}
Executive Outcomes is the mercenary arm of a vast
network of British-South African corporations dealing in gold, diamonds, and oil, primarily, but not exclusively, in Africa, that come under the umbrella of Strategic Resources Corporation, headquartered in Pretoria, South Africa. Described universally as an ``advance guard of a corporate network that includes mining, oil, and construction companies,'' Executive Outcomes is active in 13 African countries, including Uganda. For its services, it demands a lien or franchise on the exportable raw resources, particularly mineral wealth, of the client country--in the same fashion as the British East India Company of the 18th and 19th centuries, which in turn functioned as the ``advance guard'' of the British monarchy.
Executive Outcomes was incorporated offshore, on the Isle of Man, in 1993, by Anthony Buckingham, a British businessman, and Simon Mann, a former British officer, the {Observer} reported, based on a leak to it from British intelligence. Buckingham is also chief executive of Heritage Oil and Gas, which in turn is linked to the Canadian firm Ranger Oil. Other firms operating out of the same headquarters in Chelsea Plaza 107, London, include Branch International Ltd. and Branch Mining Ltd.
Preliminary investigation by {EIR} has further determined that Executive Outcomes lies at the heart of the British monarch's raw materials cartels and secret intelligence operations, in conjunction with Bush's rogue apparat:
Through Sir David Steel, a former leader of the Liberal Party, Executive Outcomes and, presumably, its deployment, is a subsumed operation of the Queen's Privy Council. Steel is a close friend of EO's Buckingham, and is on the board of directors of EO's sister firm, Heritage Oil and Gas, according to {Le Figaro.} In 1977, Steel was inducted into the Privy Council, making him the youngest member of Britain's highest-level policy-making body.
The links between Executive Outcomes and Ranger Oil point to operational ties with the Bronfman family of Canada, whose scion, Edgar Bronfman of Toronto Broncorp, sits on the board of directors of Ranger. Recently, the Bronfman family merged its mammoth real estate firm, Trizec, with Barrick Gold, whose senior advisory board includes Sir George Bush. Barrick Gold is deeply involved in northeastern Zaire, where it has purchased 83,000 square kilometers of land. Zairean sources report that the so-called Zairean rebel Laurent Kabila is no more than a mercenary for Barrick and Anglo American Corp., sponsored by the British Crown-backed Ugandan and Rwandan militaries. Executive Outcomes, {Le Figaro} and other sources further verify, is deeply entrenched in Uganda, the key British marcher-lord state in the region.

http://www.aboutsudan.com/action/geopolitical/executive ...

Mercenaries aimed to topple oil-rich despot

The inside story of the ties that bind President Obiang and powerful American interests

By Paul Lashmar
14 March 2004

The tale of the 67 men of assorted nationalities now in a Zimbabwe jail accused of being mercenaries continued to unfurl yesterday like the plot of a lurid airport novel.

A bit too much like fiction, in fact, involving as it does a cast that includes the despotic leader of a little-known West African state, the Eton-educated son of an English cricket captain, fake passports, and a shadowy company registered in the Channel Islands that is linked to SAS old boys. All this, plus talk of CIA, MI6 and Spanish secret service activity, and a plane now impounded at Harare airport that contained equipment more suited to burglary than seizures of power.

SNIP...

But if who paid whom for what services has not yet been revealed, the intended target is not in doubt: President Teodoro Obiang Nguema Mbasogo, leader of a country whose lack of renown belies its strategic significance. And for "strategic" read oil. Not for nothing is this land known in US government circles as the "Kuwait of the Gulf of Guinea". Not without reason has President Bush welcomed President Obiang, a confirmed if not convicted corrupt despot, to the White House. He may be a despot, but as presider over an oil-rich state, he is their despot.

The sight and smell of oil is everywhere palpable in the port of Malabo. From here you can see the flames shooting into the night sky from the offshore oilrigs. Every day tens of thousands of barrels are extracted from huge crude oil reserves underneath the seabed off Equatorial Guinea.It is one of the oil-rich sub-Saharan countries that now supplies 15 per cent of American oil. Experts predict that the amount of oil the US receives from the prolific fields of Nigeria, Equatorial Guinea and Angola will double in the next five years. Hence the succour that American companies - and, since 9/11, the American government - have given to Obiang. Vice President Dick Cheney has said: "Along with Latin America, West Africa is expected to be one of the fastest-growing sources of oil and gas for the American market."

http://news.independent.co.uk/low_res/story.jsp?story=5 ... ...

Jonathan J. Bush uncle to President George Walker Bush


Jonathan J. Bush (Jonathan James Bush) (1931- ) is an uncle to President George Walker Bush.

A Wall Street financier, Jonathan Bush pulled together two dozen investors to raise $3 million to help launch Arbusto. Among the investors was Dorothy Bush, George W.’s grandmother. At the same time, Jonathan Bush was lining up investors for Arbusto, he also was raising money for George H.W. Bush’s presidential explorations. Many of the funders were the same. <1>

Bush is a Trustee of the George Bush Presidential Library Foundation<2>


--------------------------------------------------------------------------------
"Speaking of the Watergate, Riggs National Bank, where Saudi Princess Al-Faisal had her 'Saudi money trail' bank account, has as one of its executives Jonathan Bush, an uncle of the president. The public has not learned whether Riggs - which services 95 percent of Washington's foreign embassies - will be turning over records relating to Saudi finance.
"Meanwhile, Bush has nominated William H. Donaldson to head the Securities and Exchange Commission. Donaldson, a longtime Bush family friend, was a Yale classmate of Jonathan Bush."

Source.


--------------------------------------------------------------------------------
May 31, 2000: Riggs Bank N.A. today announced that the Board of Directors of RIMCO, a wholly owned investment management subsidiary, has elected Jonathan J. Bush President & Chief Executive Officer and a Director, replacing Philip Tasho who resigned. In addition, Henry A. Dudley, Jr. was elected Chairman.
"Mr. Bush will continue as Chairman and Chief Executive Officer of J. Bush & Co., an investment management company he founded in 1970, which Riggs acquired in 1997. Mr. Dudley, a 24-year veteran of Riggs, will continue to be responsible for all of Riggs Bank's investment management, trust and private banking business.

"Located in the nation's capital, Riggs Bank has 53 branches in the Washington, DC metropolitan area, as well as banking offices in Miami, London and Berlin."


--------------------------------------------------------------------------------
July 26, 1991: "State Fines Bush's Brother in Stock Case" by Frank Phillips, Globe Staff.
"Massachusetts securities regulators have fined the stockbrokerage firm owned by President Bush's brother Jonathan $30,000 and barred it from trading with the general public for one year because the company and Bush violated state registration laws.

"As part of a consent order worked out with Secretary of State Michael J. Connolly's securities division, the New York firm of J. Bush & Co., whose only principal is Jonathan J. Bush, also agreed that it would offer to reimburse its clients in Massachusetts for stocks it had sold them since January 1988. . . .

"Connolly's securities chief, Neal Sullivan, said yesterday that Bush's problems began in February when Bush informed his agency that he had never registered as a broker-dealer in Massachusetts. But Sullivan said Bush compounded his legal problem by taking a cavalier attitude toward the violation of the Uniform Securities Act when he continued to carry out transactions even as state regulators were negotiating a consent decree with him.

"'That created great concern for us. We were dismayed,' Sullivan said. 'Anyone who has been notified that he is violating state law and continues to do so certainly exemplifies a cavalier attitude toward the registration laws.'" . . .


--------------------------------------------------------------------------------
"Federal bank regulators are preparing to impose fines on Riggs Bank as soon as this week for not reporting millions of dollars in suspicious transactions at its embassy banking division and have notified bank officers and directors that they may be sanctioned individually, according to people familiar with the investigation. "
"Investigators are looking at the Saudi accounts for evidence of money laundering, which is the use of complex transactions to hide the origin or destination of funds related to illegal activities such as drug smuggling or terrorist acts. The Saudis ended their ties to the bank last month."

http://www.chron.com/cs/CDA/ssistory.mpl/nation/2514119

http://www.disinfopedia.org/wiki.phtml?title=Jonathan_J ...

The checks from Princess Haifa were drawn on Riggs Bank in Washington D.C. One of the chief officers of Riggs Bank is Jonathan Bush, an uncle of President George W. Bush.

According to Margie Burns in her article titled Bush-connected firm provided security at World Trade Center, "Given that Jonathan Bush, the president's uncle, is a Riggs executive, it is difficult to understand any obstacle for US authorities pursuing the recently reported "Saudi money trail." The princess's charitable activities were processed through Riggs, but attention focused on the Saudis seems not to extend to the US bank they used."

http://www.opednews.com/duncan_bush_should_cry_uncle_an ...

"Riggs Bank’s failure to alert investigators to a large number of unusual cash transactions by the Saudi Embassy and other foreign bank customers has led to a wide-ranging investigation by Treasury Department regulators....

"'Anytime, you have suspicious money movements, and it’s not reported as needed, it hurts our overall efforts,' a senior U.S. counterterrorism official said ..."


http://msnbc.msn.com/id/4687305 /

The president and CEO of Riggs Bank is Jonathan Bush, whose father was Prescott Bush, money-launderer to the Nazi party, and whose nephew is the court-appointed CEO of the United States of America.

So where has the money gone?


Oil Boom Enriches African Ruler.


That has been declared a "state secret" by Equatorial Guinea's ruler, Brig. Gen. Teodoro Obiang Nguema Mbasogo. But the Guinean ambassador to the U.S. and other sources close to Obiang say the country's oil funds are held in an account at Riggs Bank in Washington.

Multiple sources, including another Guinean government official, have since told the Los Angeles Times about the Riggs account. Several sources familiar with the account said it was controlled exclusively by Obiang and its balance has ranged from $300 million to $500 million during the last two years. An ExxonMobil spokeswoman declined to comment on payments it makes to Equatorial Guinea, citing a confidentiality agreement with the country. Amerada Hess and Riggs did not return phone calls.

The bank has provided mortgages on one of Obiang's two luxury homes in Maryland and on an official residence for Nsue in Virginia. A Riggs banker assisted Obiang's brother -- accused in State Department reports of ordering the torture of political prisoners -- in the purchase of a home in Virginia. The banker vouched for Obiang's brother as a "valued customer" in correspondence with the seller's agent.

Concerns about Equatorial Guinea are rooted in a history of petroleum-fueled corruption in its neighboring nations. Angola ranks 161st out of 173 countries on the United Nations' Human Development Index, which ranks nations according to their citizens' quality of life, and its president, Jose Eduardo dos Santos, is believed to have accumulated a vast personal fortune. The London-based group Global Witness, which investigates the oil business in Africa, estimates that at least $1.4 billion of Angola's energy revenue disappeared last year.

The situation in Nigeria is equally grim. In April, the family of former strongman Gen. Sani Abacha agreed to return $1 billion that he stole between 1993 and 1998. That was only about one-quarter of the money that the current Nigerian government accuses Abacha of embezzling during his reign. African countries provide the United States with about 15% of its oil, nearly as much as Saudi Arabia. That figure could grow to 25% by 2015, according to a study by a U.S. intelligence panel. Urged on by the oil industry, the administration hopes to use African oil to reduce the United States' dependence on Middle Eastern oil.

more
http://www.derechos.org/nizkor/econ/oil1.html

..According to two articles in the Progressive Populist written by Margie Burns, from 1993 to 2000, Bush served on the board of Securacom (since renamed Stratesec). The chairman of the board of Stratesec is Wirt D. Walker III, a cousin of Marvin and George W. Bush. Securacom had contracts to provide security for Dulles International Airport (the airport from which American Airlines Flight 77, which crashed into the Pentagon, originated) and the World Trade Center in New York.

Securacom's backers include a number of Kuwaitis through a company called KuwAm Corp (Kuwaiti-American Corp.). Stratesec also has Saudi investors.

Walker also serves as a managing director of KuwAm, which maintains offices within the Watergate complex along with Riggs Bank, on whose board Bush's uncle, Jonathan Bush, sits. Saudi Princess Haifa al Faisal, the wife of Saudi Ambassador to the US Prince Bandar, used a Riggs account to funnel money to Omar al Bayoumi and Osama Basnan, two Saudi students in California associated with two of the 911 hijackers.

http://www.apfn.net/messageboard/10-16-03/discussion.cg ...


PRESIDENT BUSH'S UNCLE IS A CHIEF EXECUTIVE AT RIGGS BANK
According to the nonprofit Texans for Public Justice, Jonathan Bush is the President and CEO of Riggs Investment Management - a major arm of Riggs Bank. He is also the uncle of President George W. Bush. The President "credits the investors sent his way by this banker uncle as a key to his 'success' in the Texas oil industry in the early '80s." According to Public Citizen, the uncle Jonathan was a Bush Pioneer, having raised more than $100,000 for his nephew in 2000.

more
http://www.davidsirota.com /

Riggs fails to detect, report suspicious cash transactions


The Federal Reserve ordered Riggs International Banking Corp. to hire an outside consultant to conduct a thorough review of the bank's transactions.

BY CHRISTINA HOAG

[e-mail]


BANKING

Riggs Bank has been fined $25 million by the Treasury Department for failing to detect and report tens of millions of dollars in suspicious transactions by foreign governments, particularly Saudi Arabia and Equatorial Guinea.

On Friday, the Federal Reserve ordered Riggs' Miami operation, Riggs International Banking Corp., to hire an outside consultant to conduct a thorough review of the bank's transactions and money-laundering controls.

The McLean, Va.-based bank said last month that it planned to shutter the 24-year-old Miami subsidiary, located at 800 Brickell Ave., ``to significantly reduce its risk exposure.''

Treasury's Office of the Comptroller of the Currency also ordered the bank on Thursday to adopt new anti-money-laundering controls including implementing internal audits and ensuring competent management.

In a statement, the bank said: ``Riggs is 100 percent committed to fulfilling all of our regulatory responsibilities and to doing our part to protect the financial system, and we will hasten our efforts toward these goals.''

The Treasury agency found that Riggs had violated the Bank Secrecy Act on numerous occasions


more
http://www.miami.com/mld/miamiherald/business/8670766.h ...


"Pioneers" and "Rangers" raised almost $300 M for Chimperror.


Tha's a lot of knockin' around money. What do you suppose they expect in return? Will they survive Chimpageddon?

Pioneers Fill Campaign War Chest, Then Capitalize

By Thomas B. Edsall, Sarah Cohen and James V. Grimaldi
Washington Post Staff Writers
Sunday, May 16, 2004; Page A01

First of two articles

GREENSBORO, Ga. -- Joined by President Bush, Vice President Cheney and a host of celebrities, hundreds of wealthy Republicans gathered at the Ritz-Carlton Lodge here in the first weekend in April, not for a fundraiser but for a celebration of fundraisers. It was billed as an "appreciation weekend," and there was much to appreciate.

As Bush "Pioneers" who had raised at least $100,000 each for the president's reelection campaign, or "Rangers" who had raised $200,000 each, the men and women who shot skeet with Cheney, played golf with pros Ben Crenshaw and Fuzzy Zoeller and laughed at the jokes of comedian Dennis Miller are the heart of the most successful political money operation in the nation's history. Since 1998, Bush has raised a record $296.3 million in campaign funds, giving him an overwhelming advantage in running against Vice President Al Gore and now Sen. John F. Kerry (D-Mass.). At least a third of the total -- many sources believe more than half -- was raised by 631 people.

BIG SNIP...

"This is the most impressive, organized, focused and disciplined fundraising operation I have ever been involved in," declared Dirk Van Dongen, president of the National Association of Wholesaler-Distributors, who has been raising money for GOP candidates since 1980. "They have done just about everything right."

For achieving their fundraising goals, Pioneers receive a relatively modest token, the right to buy a set of silver cuff links with an engraved Lone Star of Texas (Rangers can buy a more expensive belt buckle set). Their real reward is entree to the White House and the upper levels of the administration.

CONTINUED...


http://www.washingtonpost.com/wp-dyn/articles/A29142-20 ...


Jonathan Bush's campaign cash...in detail 1993-2004


From Connecticut:
http://www.newsmeat.com/fec/bystate_detail.php?st=CT&la ... ...

From New York:
http://www.newsmeat.com/fec/bystate_detail.php?st=NY&la ... ...

CNN: Bank fined $25 million in terrorism probe


<SNIP>
WASHINGTON (AP) -- Federal regulators fined Riggs Bank a record $25 million on Thursday for allegedly violating anti-money laundering laws in its handling of tens of millions in cash transactions in Saudi-controlled accounts under investigation for possible links to terrorism financing.

The civil fine against the midsize Washington bank with a near-exclusive franchise on business with the capital's diplomatic community is the largest ever imposed on a financial institution for such violations, experts said. It had been expected.
</SNIP>

Wouldn't it be interesting to see if any of the Saudis secretly flown out of the US on 9/12-9/13 were on the list?

[emad]

11. You sure you didn't leave somethin' out?????

Only joking.

[FreedomAngel82]

7. Why am I not surprised?

Bush is at it again! Oy! Is there any scandal that our country has had since WW2 that a Bush wasn't involved with?

[DrDebug]

3. Awesome!

How about going after Jonathan J. Bush as well...

[MountainLaurel]

5. When will Allbritton

End up in prison, where he belongs, for accepting the money of war criminals (Pinochet) and terrorist supporters (the Saudi royals) for decades upon decades?

[LightningFlash]

6. Wow I'm surprised this didn't get more attention.

It is the one and only riggs bank it seems like to me, this should be front page news.

[formercia]

8. WAWA

A toast from West Africa

It means: West African Wins Again

LOL

[bobthedrummer]

10. Kick.

:dem::kick: