911 Stealth

Tuesday, July 11, 2006

9/11 thefts not prosecuted

See also: http://911stealth.blogspot.com/2006/07/911-insider-trading.html
Evidence for Informed Trading on the Attacks of September 11
by Kevin Ryan
November 18, 2010
"...investigations were initiated by the governments of Belgium, Cyprus, France, Germany, Italy, Japan, Luxembourg, Monte Carlo, the Netherlands, Switzerland, the United States, and others... the people identified as having been involved in the suspicious trades were seen as unlikely to have been associated with those alleged to have committed the 9/11 crimes... example of the circular logic often used by those who created the official explanations for 9/11... those who were involved in the trades did not appear to be connected to those assumed perpetrators... someone did profit through securities transactions but, based on the Commission’s assumptions of guilt, those who profited were not associated with those who were guilty of conducting the attacks. In a footnote, the Commission report acknowledged “highly suspicious trading on its face,” but said that this trading on United Airlines was traced back to “A single U.S.-based institutional investor with no conceivable ties to al Qaeda”... Belgian Finance Minister, Didier Reynders, said that there were strong suspicions that British markets were used for transactions... German central bank president, Ernst Welteke, said his bank conducted a study that strongly indicated “terrorism insider trading” associated with 9/11... The extent of the 9/11-related informed trading was unprecedented. An ABC News Consultant, Jonathan Winer, said, “it’s absolutely unprecedented to see cases of insider trading covering the entire world from Japan to the US to North America to Europe”... SEC Chairman Harvey Pitt gave testimony to the House Financial Services Committee at the time, saying, “We will do everything in our power to track those people down and bring them to justice”... Mary Bender, chief regulatory officer at the CBOE, stated "...The point is to find people who are connected to these heinous crimes”... The people ultimately found included an unnamed customer of Deutsche Bank's Alex Brown (DBAB). This involved a trade on United Airlines (UAL) stock consisting of a 2,500-contract order that was, for some reason, split into chunks of 500 contracts each and then directed to multiple exchanges around the country simultaneously. When the 9/11 Commission report pointed to a “single U.S.-based institutional investor with no conceivable ties to al Qaeda,” it was referring to either DBAB or its customer in that questionable trade...

Alex Brown, the company purchased by Deutsche Bank to become DBAB, was managed by A.B. (Buzzy) Krongard, who left the firm in 1998 to join the CIA as counsel to director George Tenet. Krongard had been a consultant to CIA director James Woolsey in the mid 1990s and, on September 11th, he was the Executive Director of the CIA, the third highest position in the agency... Reporters from The Wall street Journal wrote... “The investigators, acting on a tip from traders, are examining whether terrorists, or people affiliated with terrorist organizations, bought five-year notes, including a single $5 billion trade”... the former German Minister of Technology, Andreas von Buelow, ...said that the value of the informed trades was on the order of $15 billion... On September 21, 2001, the SEC referred two specific transactions to the FBI for criminal investigation as potential informed trades. One of those trades was a September 6, 2001 purchase of 56,000 shares of a company called Stratesec, which in the few years before 9/11 was a security contractor for several of the facilities that were compromised on 9/11... The affected 56,000 shares of Stratesec stock were purchased by a director of the company, Wirt D. Walker III, and his wife Sally Walker... The Stratesec stock that the Walkers purchased doubled in value in the one trading day between September 11th and when the stock market reopened on September 17th. The Commission memorandum suggests that the trade generated a profit of $50,000 for the Walkers. Unfortunately, the FBI did not interview either of the Walkers and they were both cleared of any wrongdoing because they were said to have “no ties to terrorism or other negative information.”... Walker hired a number of Stratesec employees away from a subsidiary of The Carlyle Group called BDM International, which ran secret (black) projects for government agencies... The quality of the FBI investigations, considering the suspects were not even interviewed, was therefore much less than “exhaustive”, as the 9/11 Commission characterized it... The Commission came to the conclusion that no such activity occurred because “the assembled agents expressed no knowledge of the reported hard-drive recovery effort” and “everything at the WTC was pulverized to near powder, making it extremely unlikely that any hard-drives survived”. The truth, however, is that many such hard-drives were recovered from the WTC and were sent to specialist companies to be cleaned and have data recovered. A German company named Convar did a good deal of the recovery work. In December 2001, Reuters reported that “Convar has recovered information from 32 computers that support assumptions of dirty doomsday dealings.” Richard Wagner, a data retrieval expert at Convar, testified that “There is a suspicion that some people had advance knowledge of the approximate time of the plane crashes in order to move out amounts exceeding $100 million. They thought that the records of their transactions could not be traced after the main frames were destroyed”... Obviously, the 911 Commission memorandum drafted in August 2003 was not particularly reliable, considering it reported that the FBI and the 911 Commission had no knowledge of any of this... they did a poor job of investigating... Today, however, we know that several peer-reviewed academic papers have reported solid evidence that informed trades did occur. That is, the conclusions reached by the official investigations have now been shown, through scientific analysis, to be quite wrong."

"In 2006, a professor of Finance from the University of Illinois named Allen Poteshman published an analysis of the airline stock option trades preceding the attacks. This study came to the conclusion that an indicator of long put volume was “unusually high which is consistent with informed investors having traded in the option market in advance of the attacks.”[34] Long puts are bets that a stock or option will fall in price."

[34] Allen M. Poteshman, Unusual Option Market Activity and the Terrorist Attacks of September 11, 2001, The Journal of Business, 2006, vol. 79, no. 4, http://www.journals.uchicago.edu/doi/abs/10.1086/503645

"In January 2010, a team of financial experts from Switzerland published evidence for at least thirteen informed trades in which the investors appeared to have had foreknowledge of the attacks. This study focused again on a limited number of companies but, of those, the informed trades centered on five airline companies and four financial companies. The airline companies were American Airlines, United Airlines and Boeing. Three of the financial companies involved were located in the WTC towers and the fourth was Citigroup, which stood to lose doubly as the parent of both Travelers Insurance and the WTC 7 tenant, Salomon Smith Barney.[35]

[35] Marc Chesney, et al, Detecting Informed Trading Activities in the Options Markets, Social Sciences Research Network, 13 January 2010, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1522157

"More recently, in April 2010, an international team of experts examined trading activities of options on the Standard & Poors 500 index, as well as a volatility index of the CBOE called VIX. These researchers showed that there was a significant abnormal increase in trading volume in the option market just before the 9/11 attacks, and they demonstrated that this was in contrast to the absence of abnormal trading volume over periods long before the attacks. The study also showed that the relevant abnormal increase in trading volume was not simply due to a declining market.[36] Their findings were “consistent with insiders anticipating the 9-11 attacks.”"

[36] Wing-Keung Wong, et al, Was there Abnormal Trading in the S&P 500 Index Options Prior to the September 11 Attacks?, Social Sciences Research Network, April 2010, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1588523

"One central bank president (Welteke) said there was irrefutable proof of such trading. This evidence led US regulators to vow, in Congressional testimony, to bring those responsible to justice. Those vows were not fulfilled, as the people in charge of the investigations let the suspects off the hook by conducting weak inquiries and concluding that informed trading could not have occurred if it was not done directly by Osama bin Laden or al Qaeda... "

"People knew in advance about the crimes of 9/11, and they profited from that knowledge. Those people are among us today, and our families and communities are at risk of future terrorist attacks and further criminal profiteering if we do not respond to the evidence."

Other 'smaller' criminals:

AP Enterprise: 9/11 thefts not prosecuted
By Margaret Ebrahim and Pat Milton, Associated Press Writers.
New York - Once-secret documents obtained by The Associated Press show a disaster supply management company went unpunished for Sept. 11 thefts after the government discovered FBI agents and other government officials had stolen artifacts from New York's ground zero… That prompted a broader review that ultimately found 16 government employees, including a top FBI executive and Defense Secretary Donald H. Rumsfeld, had such artifacts from New York or the Pentagon. Those who work near ground zero today are shocked to learn such thefts went unpunished. [Apart of removing evidence,] "To take advantage of people at a time of despair, it's probably one of the worst things human beings can do to another person," said Gregory Broms, Sr., a firefighter with Engine Company 10 at the foot of the former World Trade Center site. "It was morally wrong." For years, the two couldn't speak publicly because their whistleblower case remained under seal. They worried similar fraud might have occurred during Katrina. [FBI theft from Ground Zero (the 9/11 World Trade Center crime scene)… the DOJ Office of Inspector General confirmed widespread FBI-takings from Ground Zero.]

"How can we sympathize with Bush when the weight is of his own making? His illegal and immoral war of choice, his secrecy and lies and his arrogance and total disregard for the value of life have come back to haunt him... The real disappointment is that Congress has not held Bush and his cronies accountable. History will do that most certainly... (Ken Cameron, Denmark, Maine)... Weight of the world? Really? The weight George W. Bush carries is not a concern for the world, but a concern for political victory... I sincerely wish it were the weight of the world that Bush felt as he flies safe and secure on Air Force One... I wish he really felt the weight of thousands killed in Iraq... and of his own nation forced to prize security over liberty, secrecy and falsehood over honesty and honor (Joe W. Walker, Gresham, Ore.)... The only weight on Bush's shoulders is the possibility that his personal comfort might be compromised... As you reported, he could not find the time or inclination to discuss the situation in full with his fellow (G8) leaders... The American public is not unreasonable in expecting that its president do the job he was elected to do ( Scott A. Johnson, Seattle, Wash.)... Bush seems to remain the petulant frat boy... [Newsweek, Aug. 14, 2006. P. 14] "The obvious reason why no post-war plan had been prepared was that this war was never intended to end. For the last three years the Bush Administration has been alternately threatening Iran, North Korea and other countries with a military strike. Moreover, in September 2005 the Bush Administration announced a change in its military doctrine to specifically include a nuclear first strike – even without any UN mandate. The recent war in the Middle East was nothing else than a substitute war designed and controlled by the Bush Administration. Its deliberate brutality was intended to escalate this war into an open military conflict between Iran and the U.S... But this plan failed. As this war dragged on and casualties rose, world opinion eventually terminated it. Now is the time to answer urgent questions... Parallel to the global military escalation, the Bush Administration has domestically made every preparation to turn U.S. democracy into a dictatorship. Again under the pretext of fighting terrorism a series of empowerment laws have been passed, including the Patriot Act, the Homeland Security Act, the Biodefense Act and others. (Matthias Rath, M.D. )" "There you go again, Mr. Bush. When the people get tired of your policies, put the fear card. Fool me once, shame on you. Fool me again, shame on me" (Tracy Brooking, Kennesaw, Ga., Aug. 24, 2006.) A North American United Nations? by Ron Paul, a Texas Congressman. August 2 8, 2006. Globalists and one-world promoters never seem to tire of coming up with ways to undermine the sovereignty of the United States. The most recent attempt comes in the form of the misnamed "Security and Prosperity Partnership Of North America (SPP)." In reality, this new "partnership" will likely make us far less secure and certainly less prosperous... What is a "dialogue"? We don't know. What we do know, however, is that Congressional oversight of what might be one of the most significant developments in recent history is non-existent. Congress has had no role at all in a "dialogue" that many see as a plan for a North American union... a move toward more government control over international trade and an eventual merging of North America into a border-free area... How can establishing a "trilateral regulatory cooperation" not undermine our national sovereignty? ... massive foreign aid transferred from the US taxpayer to foreign governments and well-connected private companies... Also alarming are SPP pledges to "work towards the identification and adoption of best practices relating to the registration of medicinal products." That sounds like the much-criticized Codex Alimentarius, which seeks to radically limit Americans' health freedom... This all adds up to not only more and bigger government, but to the establishment of an unelected mega-government. As the SPP website itself admits, "The Security and Prosperity Partnership of North America represents a broad and ambitious agenda." I hope my colleagues in Congress and American citizens will join me in opposing any "broad and ambitious" effort to undermine the security and sovereignty of the United States.


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