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Reply #1: "primarily in the CIA's interface with mob elements" [View All]

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PatrickSMcNally Donating Member (127 posts) Send PM | Profile | Ignore Thu Oct-30-08 07:55 PM
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1. "primarily in the CIA's interface with mob elements"
One thing odd about this thesis is that Guiliani's record has involved some major mob-busting:

Mafia Commission trial

In the Mafia Commission Trial (February 25, 1985November 19, 1986), Giuliani indicted eleven organized crime figures, including the heads of New York's so-called "Five Families", under the RICO Act on charges including extortion, labor racketeering, and murder for hire. Time magazine called this "Case of Cases" possibly "the most significant assault on the infrastructure of organized crime since the high command of the Chicago Mafia was swept away in 1943", and quoted Giuliani's stated intention: "Our to wipe out the five families."<33> Eight defendants were found guilty on all counts and subsequently sentenced on January 13, 1987 to hundreds of years of prison time.

Boesky, Milken trials

Ivan Boesky was a Wall Street arbitrageur who had amassed a fortune of about US$200 million by betting on corporate takeovers. He was investigated by the U.S. Securities and Exchange Commission for making investments based on tips received from corporate insiders. These stock acquisitions were sometimes brazen, with massive purchases occurring only a few days before a corporation announced a takeover.

Although insider trading of this kind was illegal, laws prohibiting it were rarely enforced until Boesky was prosecuted. Boesky cooperated with the SEC and informed on several of his insiders, including junk bond trader Michael Milken:

"Boesky admitted to numerous offenses and then turned state's evidence, primarily against Milken. He received a 3 1/2 year prison sentence and $100 million fine after admitting to the charges and reached a plea bargain with Rudy Giuliani... draw criticism because Ivan was allowed to unload his holdings before his indictment was officially announced, realizing profits from it before being convicted. Others considered the sentence and fine as being too light. But Giuliani and company was after a much bigger fish, namely Milken."<34>

In 1989, Giuliani charged Milken under the RICO Act with 98 counts of racketeering and fraud. In a highly-publicized case, Milken was indicted by a federal grand jury, and pleaded guilty to six lesser securities and reporting violations. He paid a total of $900 million in fines and settlements relating primarily to civil lawsuits and was banned for life from the securities industry.

I'm not trying to imply that I like Guiliani. But, at least at face value, it's really hard to see him as someone involved in working with the mob specifically. So presumably Scott means to imply that Guiliani is out of the loop of any possible conspiracy? But don't most versions suggest that he was involved somehow? So how does Scott reconcile this?
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