- LONDON, 21 June 2006 The integrity
of the international banking system is on the line this week. This is because
the behaviour of certain banks is being closely watched by a team of informed
observers who are privy to scandals that the banks in question hope can
still be swept under their plush boardroom carpets.
- Collectively, the scandals represent
the most brazen attempt by banks to seize the funds of their depositors,
in history. The relevant funds, which amounted when fitfully paid
out in 1989-93 to about $27.5 trillion, are now believed to be worth
approaching $70 trillion. They represent assets corralled on Presidential
instructions by the US Treasury's most distinguished Secret Service financial
agent, Leo E. Wanta. He remains the Trustor of these funds.
- The financial war chest was amassed for
geostrategic purposes at the 'end of the Cold War', after Mikhail Gorbachëv
had received $10 billion via certain American-assisted international financial
transactions. He has since constructed a colossal headquarters campus outside
Moscow, with some of this money*.
- As everyone knows, most scams require
a counterparty. For the international banks involved, their counterparty
was, and remains, the US intelligence community or rather, corrupt
elements thereof, led by professional criminal intelligence 'barons' such
as George Bush Sr., and Bill Clinton.
- Taking their cue from the example of
such corrupt operatives, lesser intelligence fry joined in scamming
billions from Wanta's fund, which was organised in order to finance, at
the supranational (intergovernmental) level, the post-Cold War 'Global
Security Environment'. A key front man in this endeavour was Mikhail Gorbachëv,
whose 'Global Security Project' initiative was actually designed by Leo
Wanta himself, again of course on US Presidential instructions.
- Scams are greatly facilitated when irregular
parties share a common interest. In this case, both the banks and corrupt
elements of the US intelligence community, neither of which of course owned
any of these funds, coveted the billions and trillions of dollars raised
during 1989-92, for their own purposes.
- The banks saw the funds as the answer
to liquidity and prospective solvency problems. They accordingly collateralised
and cross-collateralised the vast and rapidly expanding deposits placed
with them for safekeeping, and performed elaborate hypothecation exercises,
using the Trustor's funds as base.
- Corrupt CIA operatives and fake CIA lawyers
muscled in and, on the basis of Powers of Attorney awarded to certain of
their number by questionable means, misappropriated, redirected and even
stole billions, with one or more fake CIA lawyers illegally placing the
Trustor's funds in foreign bank accounts under their own name.
- Moreover the original funds were ransacked
even as they were paid out by the Federal Reserve, under the authority
of the Fed's former Chairman, Dr Alan Greenspan. An analysis published
by International Currency Review in February 2005 of the initial amounts
which were misdirected from the Fed, inter alia directly into private offshore
bank accounts, found that an estimated $742.5 billion had been misappropriated
- Subsequent investigations have suggested
that even this total is understated.
- But that was nothing to what happened
later. In order to gain control of these funds supposedly assembled
in order to make the world a 'safer place' after the 'end of the Cold War'
corrupt elements of US intelligence, headed by President Clinton,
set the ball rolling by targeting the Trustor himself. Ordered by William
Sessions, the head of the FBI, to travel with intelligence aides to Switzerland
in 1993 with a brief to arrest Marc Rich, Wanta was himself arrested and
flung into a stinking jail for 134 days by the Swiss authorities.
Almost simultaneously, Clinton fired William Sessions without giving any
reason, and Vince Foster, an FBI informant who had been handling funds
'belonging' to the Children's Defense Fund, a CIA front for funny money,
was murdered in the Washington, DC area.
- Wanta's effects, including 18 US Treasury
instruments worth $18 billion, were removed from him and the official
assets worth $18 billion face value have disappeared. Following an urgent
intervention by the late Israeli Prime Minister, Yitzhak Rabin, Mr Wanta
was suddenly released, but was then taken, still in shackles, to Geneva
airport and flown to New York. After being frog-marched through Kennedy,
this distinguished and upright US Treasury intelligence officer was arraigned
before a judge on a trumped-up charge at the US Eastern District Court
of New York. The judge saw through the ruse and threw the case out, but
Leo Wanta was illegally re-arrested on the courtroom steps without a warrant,
on instructions from the Wisconsin authorities.
- The new false charge alleged that Wanta
had failed to pay a tax bill of about $14,000 that he did not owe, in Wisconsin
state taxes, dating back to 1982 despite the fact that he had been
living mainly abroad on US intelligence business, working directly for
the President of the United States, for many years. He was accordingly
extradited to Wisconsin, where he was jailed.
- During incarceration in that State and
elsewhere, attempts were made to have this distinguished US Treasury officer
still of course Trustor of the original $27.5 trillion of intergovernmental
funds and the relevant accruals declared insane. He underwent five
so-called 'lunacy tests', his life being saved when a doctor of Chinese
extraction, no doubt familiar with similar abuses back in her home country,
refused to certify him. Had she done so, he would have been sent to a Soviet-style
'psychiatric hospital' and never heard from again.
- After many vicissitudes, Leo Wanta was
released into house arrest in Wisconsin, where he languished for many further
years. During this time, he managed to raise the falsely charged state
tax, which the State of Wisconsin took but 'lost'. With the help
of friends, he later raised the same amount again, and this time, the payment
was registered. But in the meantime vast additional penalties, fees and
other charges had accrued. His house was sold at a knock-down price without
his consent, and the proceeds stolen. In July 2005, a sum of $30,626.97
made available by a friend, was paid in person by Mr Wanta's lawyer to
the court in Wisconsin; and on 14th November 2005, he was released from
- (Since this final payment included the
false state tax bill for the third time, it, too, has reportedly been misappropriated.
The problem faced by the Wisconsin authorities was how this payment could
legitimately be recorded. It couldn't).
- It was only a matter of weeks before
the significance of this development started to trickle round the US intelligence
community, which, all of a sudden, faced an unprecedented problem.
- For it emerged that the CIA had systematically
lied that Leo Wanta had long since been dead. This false information was
of course exploited by the many US intelligence crooks who had been making
illegitimate use of the Trustor's funds.
- As for the banks, they likewise took
maximum advantage of the CIA's lie. If the Trustor was dead, then the banks
could do what they liked with the funds. So they used them for every off-balance-sheet
ruse yet invented by their financial engineers.
- In other words, neither the banks nor
the CIA ever thought that the funds would be claimed. Imagine the cataclysmic
shocks that reverberated around the world's international banks when it
began to be rumoured late last year that, far from being long since dead,
Leo Wanta was alive and had gone to court to obtain a ruling on the disposition
of the assets.
- These are held in offshore bank accounts
belonging to so-called Title 18, Section 6 US Government intelligence community
corporations. Such entities were authorised by President Reagan in January
1981, under Executive Order 12333.
- Given the inherent criminal tendencies
of intelligence organisations, this courted the obvious danger that dishonest
operatives might use such corporations for scamming purposes particularly
given the well-known fact that the National Security Act 1947, et seq.,
under which the CIA was established, is effectively a crooks' charter.
And so it has proved.
- On 15th April 2003, US Federal Judge
Bruce Lee, of the United States District Court for the Eastern District
of Virginia, Alexandria Division, released a Memorandum Opinion, in response
to Leo Wanta's application for relief, which concluded as follows:
- 'Plaintiff's sole remedy in this matter
is to proceed with the liquidation of the corporations and report these
transactions to the Internal Revenue Service in accordance with the Internal
Revenue Code and then challenge the assessment of any taxes in a refund
- In March 2006, Economic Intelligence
Review, published by World Reports Limited, London, reproduced, in facsimile
format, the entire Memorandum Opinion . It then transpired that knowledge
of the existence of this document had been deliberately suppressed within
the US official structures since of course it confirmed that Leo
Wanta is legally the controller (Trustor) of the funds and is therefore
solely entitled to dispose of them in accordance with law and his Presidential
- And the CIA liars and scamsters didn't
want that to be known.
- In February 2005, International Currency
Review , likewise published by World Reports Limited from London, had displayed
facsimiles of Federal Reserve computer print-outs, obtained from sources
in the public domain. These represented audited sheets on which the Trustor,
Leo Wanta, verified or queried the sources and uses of funds finally paid
out by the Fed, including the $742.5 billion which was misdirected by the
US central bank on Greenspan's authority.
- On one of these sheets, which referred
to one billion US dollars sent by Banco Exterior de Espana, Malaga, Spain,
on 10th August 1989, to Banco de Panama, Panama City, for credit of 'Pilgrim
Investments, Jorge Bush', Leo Wanta had annotated as follows:
- 'Acceptance of value by former US President
of the United States, George (Jorge) Bush is direct violation of our USA
Title 5, Section 7353, et seq. Jim Baker told me to just "SHUT
UP" as I am protected by Rogers-Houston Memorandum to "co-operate",
but I kept receipts & notes'.
- Separately, George Bush Sr., who was
co-signatory of an account belonging to one of the Title 18, Section 6
corporations (Ameritrust), had asked his fellow co-signatory, Leo Wanta,
to allow him (Bush Sr.) to remove $210 billion from the account. Leo refused
as he did on another occasion, when President Clinton sought Wanta's
agreement for the diversion of a substantial sum into his (Clinton's) control.
- Both Clinton and Bush Sr., working secretly
together, therefore had every incentive to try to have Wanta removed permanently
from the scene Bush Sr. especially, since the Trustor had only recently
annotated the misdirection of $1.0 billion, into one of Bush Sr.'s offshore
- In summary, Leo Wanta was unjustly sentenced,
on the basis of false witness and false charges, to jail/house arrest until
the year 2015, a period of 22 years. The principal of the original $27.5
trillion, provided at a deep discount by over 200 international banks at
an interest rate of 7.5% annually, for a 20-year period, falls due for
repayment in 2012-2013.
- But Leo Wanta is now in mid-2006
engaged in a global operation to recover funds of which he is Trustor
to the consternation of at least four constituencies:
- · The US intelligence criminalist
crooks, including two Presidents, themselves.
- · Some of the mentioned criminal
Presidents' associates, aides and 'gophers'.
- · The Central Intelligence Agency
deceivers who retailed the gross lie that Leo Wanta was dead, so that the
funds could be diverted.
- · The international banks that
assumed that the funds would never be claimed, and which had a community
of interest with their de facto intelligence co-conspirators in choosing
to believe the CIA's lie that the Trustor was dead.
- Faced with the fact that, on the contrary,
Leo Wanta is both alive and free and following the widespread distribution
among banks of US Federal Judge Bruce Lee's Memorandum Opinion via Economic
Intelligence Review in March this year the international banks and
the corrupt elements of the intelligence community faced a prospective
crisis without historical precedent in the history of intergovernmental
- What to do?
- · If they pretended it was corrupt
'business as usual', too many questions were now being asked about why
the CIA had lied that the Trustor was dead.
- · If they sought help from their
governments, they risked exposing the precariousness of their underlying
overstretched balance sheets, and revealing details of their vast off-balance
- It is understood that elements of the
US intelligence community have been in turmoil as a consequence of these
- As for the banks, a number of them have
tried to make out that 'there is no business relationship'. In the course
of a conference call with US colleagues last March, one of these institutions,
Coutts, told Christopher Story, the Publisher of International Currency
Review, precisely that.
- However Story has documentary proof of
the existence of a relevant business relationship in the Coutts case, as
in the case of many other banks worldwide where the Trustor's funds are
held. Similar ploys have been attempted by certain other European banks.
In some cases, bankers have even attempted to deny the existence of funds
in certain Title 18, Section 6 corporate offshore accounts.
- But these games have now come to an abrupt
halt, following a decision by the leading governments concerned, to cooperate
rather than, as was previously the case, each government separately
defending its own banks.
- For the governments themselves have a
common interest to prevent this escalating crisis of confidence developing
into a systemic melt-down induced by the banks' intransigeance. The stakes
could hardly be greater, not least given that derivatives balances outstanding
are now believed to exceed some $770 trillion.
- Uncomfortably for the international banks
concerned, substantial documentation has been accumulated proving the existence
of relevant live accounts and banking relationships. These documents will
be published in the near future revealing that vast sums belonging
to the Trustor are indeed held in the Title 18, Section 6 corporations'
offshore bank accounts, and must be properly disposed of in accordance
with the Trustor's legal responsibilities and official instructions.
- In the meantime, it has of course been
universally noticed that the international financial markets have been
more than usually volatile since 10th May 2006. This volatility has had
almost nothing to do with the spurious explanations typically retailed
by ill-informed financial journalists working for the mainstream newspapers.
- It has everything, however, to do with
liquidity problems facing the banks, which have been, and continue to be,
called upon to make available in short order colossal volumes
of funds from their off-balance sheet books which they never expected to
have to account for. Liquidity constraints typically reflect the fact that
funds are in the wrong place, have been cross-collateralised and so cannot
be released, or do not in fact exist.
- It must have been hard for the banks
to have been obliged to face up to the fact that the Trustor's funds are
having to be replenished, replaced, and repatriated.
- It is embarrassing for the CIA's professional
deceivers to have been caught lying, since they take pride in their perverted
professionalism, which is governed by one rule only: never get caught.
- Most of all, those intelligence community
criminals whose hands have been trapped in the till, must be enduring sleepless
- But that's the situation 'as we speak'.
The banks must deliver, the crooks must be rounded up and brought to justice,
and the cynical collaboration between free-wheeling intelligence criminals
and international bankers with notoriously flexible morals, must be terminated.
- Because if by any chance there is a repetition
of what happened in 1989-92, and the Trustor's funds are diverted
notwithstanding the exposure of these evils that has occurred to date
it won't just be a question of bankers falling out of sailboats on Chesaspeake
- According to reliable sources, seven
European bankers had been arrested by early May, while three had committed
- In a worst-case scenario, a number of
large foreign institutions face having their assets seized in the United
States if they fail to fulfil their immediate obligations to the letter.
- And if that happens, some may very well
go to the wall.
- * * *
- 1. International Currency Review, Volume
30, Numbers 2 & 3, Winter 2004-2005, page 144.
- 2. Economic Intelligence Review, Volume
10, Numbers 5 & 6, February-March 2006, pages 37-46.
- 3. International Currency Review, Volume
30, Numbers 2 & 3, Winter 2004-2005, op. cit. [Note 1].
- * * *
- * Gorbachëv also maintains a magnificent
residence in Switzerland a state of affairs which
- would have greatly offended his dictator
predecessor, Josef Stalin (a.k.a. Iosif Vissarionovich Djugashvili-Kochba),
who ordered his security chief du jour, Genrikh Grigoryevich Yagoda (1891-1938),
to procure the Swiss bank account details of all the leading Soviet revolutionaries.
Yagoda duly obliged, but omitted to include details of his own secret Swiss
bank accounts. Since Stalin had other means of obtaining the relevant Swiss
bank account data, he compared Yagoda's
- list with his own, and discovered that
his security chief's bank account details were of course missing. Yagoda
duly received the requisite bullet through the temples, like all the rest
of the high-ranking Comrades, with the exception of Krupskaya, Lenin's
widow. She put on a scene and broke down in tears in front of Stalin, and
- For further information, visit: www.worldreports.org
- For The Complete Wanta Story Set, click