Another Piece of the Puzzle? 9/11 Insider trading suspect was the origin of Blackwater's 1st US Govt. contracts.
Anyone who has read Michael Ruppert's book, Crossing The Rubicon, or website http://www.fromthewilderness.com will likely remember the name Buzzy Krongard in the context of insider trading. From FTW: http://www.fromthewilderness.com/free/ww3/10_09_01_krongard.html
FTW, October 9, 2001 - Although uniformly ignored by the mainstream U.S. media, 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 (re?) 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 this year. 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.
So, Krongard is tied to 9/11 insider trading, the CIA, and ... now we know: Blackwater Security. I've considered them a suspect for quite a while.. as in, who had the capability to wire the towers and keep it a secret? Another thing that has bothered me about Blackwater is that while in 1999 the "big story" was, "Peace breaks out!", here was Eric Prince starting what is now the world's most powerful mercenary army. What incredible foresight. And now he's a billionaire. Krongard's ties to Blackwater, including their very first US Govt. contracts below.
From Democracy Now! interview with Jeremy Scahill 12/10/2007 - http://www.democracynow.org/2007/12/10/what_is_blackwaters_role_in_the
AMY GOODMAN: Well, let’s take these one by one. First, Krongard resigning—how significant is this, and who was he?
JEREMY SCAHILL: Well, this is very significant. I mean, Cookie Krongard, as his nickname was, Howard Krongard, was the top official at the State Department responsible for investigating waste, fraud and abuse. And he was directly responsible for investigating Blackwater, because Blackwater works for the US State Department.
One of the original scandals that erupted with Krongard was when Henry Waxman raised the prospect that Krongard had been stifling a Justice Department criminal investigation into allegations that Blackwater involved in some kind of an arms smuggling operation in Iraq. Krongard, instead of assigning a seasoned liaison to work with the Justice Department from the State Department, actually assigned his congressional liaison and media person. And Waxman says that that ultimately caused a delay of about two weeks in the investigation. So he was already under fire at the time.
Now, I have to say, before Cookie Krongard appeared before Waxman’s committee a couple of weeks ago, where it was revealed that his brother Alvin “Buzzy” Krongard was in fact a paid consultant to Blackwater, had been—had accepted a position as a paid consultant to Blackwater on the company’s advisory board, the Krongards were familiar to me. I, in fact, had written in my book about Buzzy Krongard. He wasn’t just a guy who joined Blackwater’s advisory board as a paid consultant in the midst of this scandal. He was one of the central people at the Central Intelligence Agency responsible for getting Erik Prince’s men from Blackwater into the mercenary business. Buzzy Krongard, at the time that Blackwater jumped into the mercenary business in 2002, shortly after 9/11, he was the number three man at the CIA, the executive director. He was a hunting buddy of Erik Prince. And he was the one who got Blackwater—was central to getting Blackwater its first mercenary contract that we know of, which was a $5 million black contract to go into Afghanistan in the aftermath of 9/11. Erik Prince went over with that initial team. So, there was a prolonged five-plus-year relationship between Blackwater and the brother of the man who then would ultimately be responsible for investigating potential crimes or allegations of misconduct on the part of Blackwater.
Now, an interesting side note to this is that apparently the Krongard brothers hate each other, and they actually have tried to wheel that out as a defense in this case. But it would be an extraordinary coincidence that the man responsible at the CIA for getting Blackwater into the mercenary business with the US government, his brother just happens to be the guy investigating the company or supposed to be investigating the company and accused of failing to do so at the very moment when a cornucopia of scandals present themselves.