Reply #79: Deutsche Bank / Mayo Shattuck III's early retirement / CIA / Promis

[DrDebug]

CIA EXECUTIVE DIRECTOR "BUZZY" KRONGARD MANAGED FIRM THAT HANDLED "PUT" OPTIONS ON UAL
by Michael C. Ruppert

<© COPYRIGHT, 2001, Michael C. Ruppert and FTW Publications, www.copvcia.com . All Rights Reserved. - May be reprinted or distributed for non-profit purposes only.>

(...) there is abundant and clear evidence that a number of transactions in financial markets indicated specific (criminal) foreknowledge of the September 11 attacks on the World Trade Center and the Pentagon. In the case of at least one of these trades -- which has left a $2.5 million prize unclaimed -- the firm used to place the "put options" on United Airlines stock was, until 1998, managed by the man who is now in the number three Executive Director position at the Central Intelligence Agency. Until 1997 A.B. "Buzzy" Krongard had been Chairman of the investment bank A.B. Brown. A.B. Brown was acquired by Banker's Trust in 1997. Krongard then became, as part of the merger, Vice Chairman of Banker's Trust-AB Brown, one of 20 major U.S. banks named by Senator Carl Levin this year as being connected to money laundering. Krongard's last position at Banker's Trust (BT) was to oversee "private client relations." In this capacity he had direct hands-on relations with some of the wealthiest people in the world in a kind of specialized banking operation that has been identified by the U.S. Senate and other investigators as being closely connected to the laundering of drug money.

Krongard joined the CIA in 1998 as counsel to CIA Director George Tenet. He was promoted to CIA Executive Director by President Bush in March of 2001. BT was acquired by Deutsche Bank in 1999. The combined firm is the single largest bank in Europe. And, as we shall see, Deutsche Bank played several key roles in events connected to the September 11 attacks.

The source familiar with the United trades identified Deutsche Bank Alex Brown, the American investment banking arm of German giant Deutsche Bank, as the investment bank used to purchase at least some of these options." This was the operation managed by Krongard until as recently as 1998.

As reported in other news stories, Deutsche Bank was also the hub of insider trading activity connected to Munich Re. just before the attacks.

http://www.fromthewilderness.com/free/ww3/10_09_01_kron...

The strange case of Mayo Shattuck III, head of the A.B. Brown unit of Deutsche bank

1999. Bankers Trust merged with Deutsche Bank and Shattuck and Shattuck became Chairman of Deutsche Banc Alex. Brown. While there Mayo Shattuck was also CEO of the Americas for the bank's Private Client and Asset Management Group and had numerous responsibilities at the bank, including Global Head of Investment Banking and Global Head of Private Banking.

Head of the bank resigned under suspicious circumstances
September 15, 2001. The New York Times reported that Mayo Shattuck III had resigned on September 12, 'effective immediately', from a 3-year $30 million contract as head of the Alex (A.B) Brown unit of Deutsche Bank.

http://www.itszone.co.uk/Mayo-Shattuck.htm

Bonus point:
Deutsche Bank is also one of the four banks most used by the bin Laden family.

http://complete911timeline.org/entity.jsp?id=1521846767...

But we don't spy. At least not on ourselves.

PROFITS OF DEATH -- INSIDER TRADING AND 9-11
by
Tom Flocco - Edited by Michael C. Ruppert

(...)
In a returned phone call from the Central Intelligence Agency, press spokesman Tom Crispell denied that the CIA was monitoring "real-time," pre-September 11, stock option trading activity within United States borders using such software as the Prosecutor's Management Information System (PROMIS).

"That would be illegal. We only operate outside the United States," the intelligence official said.

However, when asked whether the CIA had been using PROMIS beyond American borders to scrutinize world financial markets for national security purposes, Crispell replied, "I have no way of knowing what operations are (being affected by our assets) outside the country."

Extensive media reporting confirms that investors at Deutsche Bank-Alex Brown and other global financial entities may have profited from prior knowledge of the attacks while purchasing disproportionate pre-attack put option contracts on targeted U.S. airlines and related insurance or investment firms. All of these firms suffered serious losses resulting from the September 11th attacks and their stocks abruptly plummeted.

<© Copyright 2001. From The Wilderness Publications, www.copvcia.com . All Rights Reserved. May be recopied, distributed or posted on the worldwide web for non-profit purposes only.>

http://www.fromthewilderness.com/free/ww3/12_06_01_deat...

But we did sell Promis to Saddam Hussein and Osama bin Laden

Promis and Al Qaeda
America's spy software scandal
Michelle Malkin July 9, 2003

Did Saddam Hussein and Osama bin Laden have access to a U.S. computer tracking program that enabled them to monitor our intelligence-gathering efforts and financial transactions? If so, who is responsible for allowing the program to fall into their hands? And who else among America's enemies might have access to the tracking system?

It's an explosive spy software scandal that no one in official Washington wants to investigate.

This complex, tangled story began two decades ago, when a tiny private company called Inslaw Inc. developed a software package to help U.S. attorneys' offices in large urban districts keep tabs on their criminal prosecutors' caseloads. The program, dubbed the Prosecutor's Management Information System (PROMIS), was effective and popular. It allowed a prosecutor to locate defendants and witnesses, track motions and monitor ongoing investigations. In 1982, Inslaw won a large Justice Department contract to implement the system nationwide.

In the meantime, Inslaw also developed privately owned enhancements to PROMIS. Despite contractual guarantees of Inslaw's proprietary rights to the enhanced version of PROMIS, the Justice Department essentially commandeered the improved program for its own uses without paying for it. Inslaw was forced into bankruptcy and began an endless fight with the Justice Department to recoup its losses.

http://www.townhall.com/columnists/michellemalkin/mm200...

See also:
http://educate-yourself.org/tg/TCUpromisscandal16jul03....