Reply #63: AIG and Mena

[DrDebug]

By the Staff of the OZARK GAZETTE
GRAY MONEY

(...) The state of Arkansas was the lead investor in a deal which poured sixty million dollars through a Barbados company, Coral Reinsurance, which is currently under investigation by insurance regulators in New York, Pennsylvania, and Delaware as well as by Manhattan District Attorney Robert Morgenthau, lead prosecutor in the BCCI scandal.

(...) The American International Group is a 100-billion dollar, multi-national insurance company which founded Coral Reinsurance Company in 1987. The fact that AIG founded Coral was hidden from insurance regulators for at least 3 years and was only recently proven by the reluctant release by ADFA of the original stock placement memorandum. Maurice Greenburg as president of AIG is a very well connected businessman and a player in international politics. He serves as the chairman of the US- China Business Council and lobbied hard (and successfully) for the Clinton administration to sever the link between China's human rights record and renewal of China's most-favored-nation trade status. Members of the board of directors of AIG include Martin Feldstein, Harvard University economics professor and former chairman of the President's Council of Economic Advisors and Carla Hills, former U.S. trade representative. AIG's international advisory board is headed by Henry A. Kissinger.

(...) Recently, two very respected investigative journalists, Roger Morris and Sally Denton, have published the most authoritative and highly documented account to date of events at the Mena airport between 1982 and 1986. Based on over 2,000 documents including the previously unpublished personal papers of Barry Seal, their article "The Crimes of Mena" in the July issue of Penthouse Magazine reveals the government's protection, and cover up of drug smuggling, gun running and money laundering.

(...) In a conversation about their collaboration, Drew told Swaney that he had found evidence of ADFA's involvement in a very strange deal with a certain Coral Reinsurance Company. Roy Drew had been reading the minutes of ADFA's board of directors meetings and found one paragraph (in thousands of pages) describing a deal where ADFA would borrow 5 million dollars from the Sanwa bank's Chicago branch to buy stock in Coral Reinsurance. Additionally, the minutes revealed that according to the terms of the loan ADFA did not have to repay the loan if it did not make as much money in dividends on the stock as it owed in interest on the loan. To the Committee, this seemed to be the long sought after link between ADFA and an insurance company, especially since there was no known connection to any other insurance business.

http://www.geocities.com/Athens/Crete/3450/adfa.html

So we have one more story that AIG could have been used to launder Mena and since Venice is very similar to Mena, a similar construction might be used for 9/11.