Reply #14: PRESIDENT BUSH'S UNCLE IS A CHIEF EXECUTIVE AT RIGGS BANK

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PRESIDENT BUSH'S UNCLE IS A CHIEF EXECUTIVE AT RIGGS BANK


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


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...


Octafish (1000+ posts) Sat May-15-04 11:15 PM

6. "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...


newsmeat.com (272 posts) Sat May-15-04 11:46 PM
Response to Original message

9. 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?

If I had the money, I would place a large bet on it. I imagine I would be quite rich as well...

JM

No mention about Bush's uncle Jonathan' Riggs Bank involvement


I read the article about this on USA Today that conspicuously omits informing readers about Jonathan Bush's affiliation with Riggs Bank=

http://www.riggsbank.com/Discover_Riggs/may31_00.html


http://www.usatoday.com/money/industries/banking/2004-0... ...

Marvin Bush's Riggs Bank


911 - Marvin Bush's Riggs Bank to be fined by federal regulators .. CBS
For secret transactions with Saudi Arabia
http://cbs.marketwatch.com/news/story.asp?guid=%7B705F0... ...

from http://www.timnews.com /

It's Jonathan Bush's Riggs Bank, not Marvin although Marvin is fishy too!


per this article explaining the business activities of these two men.

http://www.commondreams.org/views03/0204-06.htm

Riggs: (Jonathan) Bush is Prez and CEO... Hhhhhhmmmmm Alert!


Government Orders Riggs Bank Parent to Take Actions to Prevent Money Laundering

By Marcy Gordon The Associated Press
Published: May 14, 2004

WASHINGTON (AP) - The Federal Reserve ordered Riggs Bank's parent company Friday to take steps to prevent money laundering after the bank was fined $25 million in connection with a probe into possible links to terrorism financing.

The action came a day after Treasury Department regulators levied the record-setting fine against Riggs for its handling of millions of dollars in foreign-held accounts.

In a cease-and-desist order issued by the central bank, Riggs will have to take actions such as hiring an independent consultant to conduct a review. Its operation in Miami - which Riggs plans to close - will be required to retain an outside consultant to review previous account transactions for suspicious activity.

more...
http://ap.tbo.com/ap/breaking/MGA8APBS8UD.html

And now... a blast from the past:

Dudley Elected Chairman of Riggs Investment Management Subsidiary; Bush to Serve as President & CEO

Washington, D.C., 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.

That's all there is to this press release:
http://www.riggsbank.com/Discover_Riggs/may31_00.html

A brief Bio of Jonathan:

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.

Bush is a Trustee of the George Bush Presidential Library Foundation.

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


Remember the words of FBI whistleblower Sibel Edmonds:

Edited on Fri May-14-04 06:04 PM by Minstrel Boy
SE: ...the issue, on one side, boils down to money--a lot of money. And it boils down to people and their connections with this money, and that's the portion that, even with this book, has not been mentioned to this day. Because then it starts touching some people in high places.

JH: Can you explain more about what money you are talking about?

SE: The most significant information that we were receiving did not come from counter-terrorism investigations, and I want to emphasize this. It came from counter-intelligence, and certain criminal investigations, and issues that have to do with money laundering operations.

You get to a point where it gets very complex, where you have money laundering activities, drug related activities, and terrorist support activities converging at certain points and becoming one. In certain points - and they (the intelligence community) are separating those portions from just the terrorist activities. And, as I said, they are citing "foreign relations" which is not the case, because we are not talking about only governmental levels. And I keep underlining semi-legit organizations and following the money. When you do that the picture gets grim. It gets really ugly.

JH: Let me read you a short quote from Dr. Griffin's book, quoting from War and Globalization: The Truth Behind September 11 by Michel Chossudovsky and ask you to comment on it. "...The transfer of money to Atta <$325,000>, in conjunction with the presence of the ISI chief in Washington during the week, is the missing link behind 9/11....The evidence confirms that al-Qaeda is supported by Pakistan's ISI (and it is amply documented that) the ISI owes its existence to the CIA."

SE: I cannot comment on that. But I can tell that once, and if, and when this issue gets to be, under real terms, investigated, you will be seeing certain people that we know from this country standing trial; and they will be prosecuted criminally.

http://www.democraticunderground.com/discuss/duboard.ph... ...


oy (1000+ posts) Fri May-14-04 08:17 PM

9. Look at this: Bush redacted the Saudis to protect his uncle


The checks from Princess Haifa (which ended up in the hands of hijackers Khalid al-Mihdhar and Nawaf al-Hazmi) 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."

So this is most likely one of the main reasons why information relating to the funding of Al Qaeda by the Saudis has been redacted from the report. If Bush was really serious about starving the terrorists of their funding, he'd have to start by seizing Saudi money from his Uncle Jonathan's bank in Washington D.C.

So it appears to me, that the redaction of the Saudi information from the 9-11 Report had more to do with covering the President's own ass from the embarrassing fact that his own uncle was part of the Saudi money trail that enabled two of the hijackers to crash a plane into the Pentagon, and very little to do with jeopardizing our national security at all.
http://www.opednews.com/duncan_bush_should_cry_uncle_an...

well...isn't that a surprise...NOT..in other news,,,plane crashed today


Small Plane Crashes Near BWI
May 14, 2004 4:50 pm US/Eastern

(WJZ) A small cargo plane carrying checks and financial documents crashed Friday morning into a residential home near the Baltimore-Washington International Airport in Ferndale, Anne Arundel County. The pilot, 34 year-old Thomas Lennon, of Drexel Hill, Pennsylvania was killed. Lennon was the only person on board. The plane clipped some trees and smashed a truck and boat but did not injury anyone on the ground. The plane came to rest near the front door of a home on Ferndale Road. It left a path of wreckage 300 feet long.


~snip~

The plane is owned by Atlanta-based Epps Aviation. It flies checks and other financial paperwork for banks throughout the Northeast. An Epps company spokesman says its the first fatality in the over 20 years they've run the business.
more:
http://wjz.com/localstories/local_story_135144400.html

Feb 26: Questions regarding Riggs handling of Saudi accounts


From Feb 26

Lawyers for 9/11 Victims Seek Bank Records

Washington (AP) - The D.C.-based parent company of Riggs National Bank has been subpoenaed by lawyers representing the victims of the 9/11 terror attacks.

According to The Wall Street Journal, the lawyers are seeking information about how the company handled the Embassy of Saudi Arabia's bank accounts.

The attorneys say they want to know whether Riggs may have helped facilitate the transfer of millions of dollars in funds to the hijackers - or to so-called charities that funnel funds to al-Qaida.
http://www.wjla.com/news/stories/0204/128985.html

Washington Post headline Saturday: Web Site Cites Bush-Riggs Link


A political Web site written by a Democratic operative drew attention yesterday to the fact that President Bush's uncle, Jonathan J. Bush, is a top executive at Riggs Bank, which this week agreed to pay a record $25 million in civil fines for violations of law intended to thwart money laundering.

http://www.washingtonpost.com/wp-dyn/articles/A28396-20...
Riggs Fined 25 Million for Laundering Saudi money linked to 911


http://www.washingtonpost.com/wp-dyn/articles/A20942-20...

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 investigators have reached no conclusions about the reasons for the transactions in the embassy accounts, including the personal accounts of the Saudi ambassador, Prince Bandar bin Sultan.

Riggs scandal also linked to Equatorial Guinea


where there's oil and that crazy plane full of English led mercs was on the way to stage a coup.

Just another wild coincidence naturally.

LBN on British coup plotter: http://www.democraticunderground.com/discuss/duboard.ph... ...


Minstrel Boy (1000+ posts) Sat May-15-04 09:25

As you say in the other thread, it smells like BCCI. Same deals going down, and the same dealers.

It never ceases to blow my freakin' mind the bloody obvious conclusions some people still refuse to draw because to do so would smack of - eeek - "conspiracy theory." Remaining in denial about the treasonous criminality of the Bush family is becoming a mental health issue.

Marvin Bush is in charge of the underage prostitutes


Ooops, excuse me. Marvin is the wrong pResidential brother for this particular sleaze. He has his own dark "Family Values" karma to work out.

The actual pResidential brother who is involved with underage prostitutes is Neil "Silverado Slim" Bush. Google overruneth with this --

http://www.cnn.com/2003/ALLPOLITICS/11/25/bush.brother.... /

Bush brother's divorce reveals sex romps

Tuesday, November 25, 2003 Posted: 10:15 PM EST (0315 GMT)


HOUSTON, Texas (Reuters) -- Neil Bush, younger brother of President Bush, detailed lucrative business deals and admitted to engaging in sex romps with women in Asia in a deposition taken in March as part of his divorce from now ex-wife Sharon Bush.


BREAKING: Small Plane Crash Near BWI 10:28AM

May 14, 2004 10:24 am US/Eastern
A small plane carrying checks and other financial documents crashed into the yard of a home near Baltimore-Washington International Airport, killing the pilot.

~snip~

http://wjz.com/localstories/local_story_135102930.html

...probably no connection, but thought I'd post.


Dac_76 (322 posts) Fri May-14-04 08:34 PM

11. 2 Questions- Sibel Edmunds Tie? Joint Investigation report redaction?

First, Sibel Edmunds alluded to something that reminds me of this, can't find the link.

Second, article referring to bank and the blacked out 911 chapter
http://www.opednews.com/duncan_bush_should_cry_uncle_an...

mobuto (1000+ posts) Sat May-15-04 11:27 AM
15. Joe Albritton

The guy who effectively owns the Riggs National Bank, sits on the board of the George H. W. Bush Presidential Library, owns a number of local television affiliates, and is generally considered to be one of the leading bigshot Republican powerbrokers. What? He had secret, illegal dealings with the Saudis? Say it ain't so, Joe.

(For disclosure purposes, I should reveal that I also do business with Riggs Bank. They're still a hell of a lot better than Bank of America.)

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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.

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