Reply #12: Yes I can say BCCI and I can also say put options [View All]

[seemslikeadream]

'Buzzy' is also the end of the trail of the 9/11 put options

http://www.cooperativeresearch.org/context.jsp?item=a090601shorts



Suspicious trading occurs on American and United, the two airlines used in the 9/11 attacks. “Between 6 and 7 September, The Chicago Board Options Exchange saw purchases of 4,744 put option contracts (a speculation that the stock will go down) in UAL versus 396 call options—where a speculator bets on a price rising. Holders of the put options would have netted a profit of $5 million once the carrier's share price dived after September 11. On 10 September, more trading in Chicago saw the purchase of 4,516 put options in American Airlines, the other airline involved in the hijackings. This compares with a mere 748 call options in American purchased that day. Investigators cannot help but notice that no other airlines saw such trading in their put options.” One analyst says: “I saw put-call numbers higher than I've ever seen in 10 years of following the markets, particularly the options markets.” (Associated Press, 9/18/01, San Francisco Chronicle, 9/19/01) “To the embarrassment of investigators, it has also emerged that the firm used to buy many of the ‘put’ options … on United Airlines stock was headed until 1998 by ‘Buzzy’ Krongard, now executive director of the CIA.” Krongard was chairman of Alex Brown Inc., which was bought by Deutsche Bank. “His last post before resigning to take his senior role in the CIA was to head Bankers Trust—Alex Brown's private client business, dealing with the accounts and investments of wealthy customers around the world.” (Independent, 10/14/01)

“Buzzy” Krongard managed firm that handled “PUT” options on United Airlin
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 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.
THE SCOPE OF KNOWN INSIDER TRADING

Before looking further into these relationships it is necessary to look at the insider trading information that is being ignored by Reuters, The New York Times and other mass media. It is well documented that the CIA has long monitored such trades – in real time – as potential warnings of terrorist attacks and other economic moves contrary to U.S. interests. Previous stories in FTW have specifically highlighted the use of Promis software to monitor such trades.
more
http://www.hereinreality.com/insidertrading.html


Former CIA director appointed to board as outside US director - Krongard
Posted by seemslikeadream on Tue Mar-22-05 03:45 PM

Baltimore, MD (March 18, 2005) – DLA Piper Rudnick Gray Cary US LLP (DLA Piper), one of the world’s leading law firms, today announced the appointment of A.B. “Buzzy” Krongard as an outside U.S. director to its Global Board of Directors which has been organized to oversee and coordinate the worldwide operations of the firm. The board will be led by Senator George J. Mitchell who will serve as Chairman and continue his role as a partner within the firm.

Krongard is the former Executive Director of the Central Intelligence Agency and former Chairman and Chief Executive Officer of investment banking firm Alex. Brown, Incorporated. He currently is the Non-Executive Chairman of the Board of Directors of PHH Corporation, a leading outsource provider of mortgage and vehicle fleet management services.

“We’ve assembled a board of directors that reflects the global reach of the firm and the depth of our core practice areas,” said Senator Mitchell. “As a group and individually, we are firmly committed to guiding this firm during a period of tremendous global growth.”

In January 2005, DLA and Piper Rudnick merged to form a legal services organization with more than 2,800 lawyers in 49 offices in 18 countries around the world. The firm has concentrated its global practices into seven areas of focus which include Corporate and Finance; Litigation; Real Estate; Regulatory & Legislative; Commercial; Human Resources; and Technology, Media and Communications (TMC) practices.

more
http://www.lawfuel.com/index.php?page=press_releases&handler=focus&pressreleaseid=2822&category=&return=list-publications&sortby=timestamp&screen=1