The Blackmail Business - Part 3
The Box Fund
by Sherman H. Skolnick

The caller said she worked in an important government office. And that she was terribly discriminated against. She needed an attorney, she said.

I explained our longtime policy. "We are not in the 'lawyer's business'," I told her. "We spend much of our time for years now in investigating and fingering corrupt judges and lawyers. We do not wish to be put in a position of vouching for some lawyer who might mishandle your problem. And next month, you might want to find another lawyer to sue the first one for malpractice," I explained as sympathetically as I could.

"Lawyers and judges that we spotlight are often thrown away by The Establishment. Why? A crooked judge that cannot keep his dirty business quiet is a detriment. The local prosecutor suddenly reminds himself that the judge cheats on his income tax and soon the judge or lawyer is on the way to prison. The mafia likewise gets rid of any of their members who create 'noise', and the crooked judge or lawyer is thrown away like an old, useless shoe," I added. Sarcastically I said "No decent crook would continue to bribe a noisy judge". (Decent crook? Ha, ha.)

She said it was a terrible discrimination, so I said I and a lawyer I know, over lunch, would listen to her plight. I told her I do not want to get involved if she takes the lawyer's advice later.

While eating, she told us she worked in the Treasurer's office of a government agency. Sort of a combination of the mailroom and the money room, she added.

"What do you do there?" I said, seeking more data.

"Well, we open in-coming mail, primarily checks made out to the Treasurer," she explained. "So, what is the problem," I asked, not knowing the answer (a careful interrogator during a trial never asks a question, however, without knowing the answer which might otherwise be a surprise).

"There is a large box underneath the table where several of us work. The office policy is to throw a certain per centage of the checks into the box. Several of us throw the checks into the same box", she elaborated, with me evidently having a puzzled look on my face. Naively, I asked "So the box of checks is then sent to another part of the office to be added up and otherwise processed?"

I was astounded by her answer. "No, it is for the office 'float' ," she added. "We use the checks for about three weeks before posting the amounts to people's accounts."

"Now wait a minute, what are you saying?" I asked. "The office has a friend in the large downtown bank where the office boss has an account. So, for about three weeks we benefit from the interest that accumulates on the money from the checks. If someone has the use of millions of dollars for three weeks, it can be a nice sum," she said as if it were an everyday event.

"Well, so what is the problem? The office crew splits up the money delayed by 'the float', " I asked. "Yes, but some of the other women throwing checks into the box with me do not like me. So I don't get my share of the interest on 'the float' . It is a terrible discrimination against me. Where is my portion?" she adds very matter-of-a-factly.

The lawyer became impatient and finally added his comments. "What you describe is against public policy. You are the same as part of a bank robber gang that is gypped out of your split on the stick-up. The law frowns on such doings and offers no remedy in court against fellow criminals," the lawyer explained.

"But the money is not embezzled, you understand. It is just delayed. Three weeks later it ends up in the Treasurer's account," she protested, "Those throwing the checks into the box under the table are not stealing anything, just delaying the money getting to the Treasurer's account."

After further questioning and discussion, it finally dawned on me why nothing is done about this hanky-panky. The Office Boss's secret 'float' account for the accrued interest on the delayed funds, is in a major downtown bank. And who was at the time the major owner of that bank? Why, the Chief Judge of the Federal Appeals Court in Chicago, Walter Cummings, Jr., who was at the same time, "a man of trust" for the Vatican and the Catholic hierarchy in America, pledged to secretly and quietly handle Church transactions. According to Italian authorities, the Continental Bank (now part of Bank of America), was interwoven with the dealings of the mafia. Pope John Paul THE FIRST tried to stop these doings but was murdered by a poisoned cup of tea, 33 days after becoming Pope. [See the protest of Italian news editors, in the book "In God's Name", by David Yallop.] Traditionally, the Catholic Archbishop of Chicago is also the Treasurer for the Church for the entire Western Hemisphere. [We later determined that there were "donations" to the Archbishop's Fund from the take from "the float".]

I could see that she did not like the lunch she ordered. And she did not like the advice she got, that she cannot sue somebody for cheating her out of her portion of the money developing on "the float". Is this an isolated example?

The luncheon meeting was in a busy restaurant near government office buildings. I am supposed to be "clever". But I think I got hoodwinked. Was this disgruntled office employee, meeting a whistle-blower like me, in a public place, using the event to blackmail her way into "the float"?

Some number shufflers may have their own little rotten game. In the financial trade, even routine transactions can often amount to millions of dollars. And the dealings are often hurried and made by some under great stress to take advantage of some financial up or down in the markets, or mass media types speculating, with complete immunity, on inside financial data [so you think network types are busy with news all day? Ha, ha. Ask them about their broker in Singapore that they call on their network boss's telephone expense.]

Some call it the "Double Click Racket". Suppose the deal entered is for several hundred futures contracts on a certain item. If the bet is the market is going to go down, then the contracts are puts. If guess is for the market to go up, they are labeled calls. Some think the entry into the computer of the transactions are sometimes intentionally screwed up. After the put contracts are entered, there is a supposed "glitch" (intentional?) where a large number of opposing contracts are also entered. It could be used to strongarm a questionable agent to cough up some under the table "gift" to avoid falling over the cliff into a wreck.

Two very active markets in Chicago are the Chicago Mercantile Exchange and the Chicago Board Options Exchange. The Bush White House and the Federal regulatory authorities are stone-walling on evidence that they have relating to prior knowledge of 9-11.Some hotshots on the "Merc" and the CBOE apparently got advance knowledge from foreign intelligence sources who tried to tell the Bush White House of the coming attack on Lower Manhattan. Bush did not want to know. Apparently George W. Bush was simply following orders to keep his nose clean and out of geopolitical problems by his supervisor and boss, Daddy Bush.

Millions and millions of dollars were reportedly made by those with advance knowledge who bought puts on two airline stocks, AMR (American Air Lines) and UAL (United Air Lines), as well as several overseas re-insurance companies carrying the excess coverage on the twin towers of the World Trade Center. [George W. Bush's younger brother Marvin, seldom mentioned in the news, was a director of an insurance company, Houston Casualty Company,  that apparently had insurance on the twin towers but reportedly cancelled their coverage prior to 9-11. Marvin Bush was also a director of another firm that had part of the security coverage for the twin towers. Check for related items.]

Some computer jockeys reportedly "Double Clicked" the pirates on the Merc and the CBOE who were ahead by millions and millions of dollars on the secret prior 9-11 knowledge. Call it a shake-down, Call it a sweet double-cross. Call it blackmail. Obviously, the swindlers on the Merc and the CBOE cannot sue in court for whatever part of their scheme did not work perfectly because of "The Double Click". Those familiar with law, would simply describe it as contrary to public policy for any damage suit to be heard. That is, like bank robbers on the way from the job, wanting to sue a crooked cop who beat them up and stole part of the robbery proceeds.

Some of the bigdealers on the Merc and the CBOE have been shaken down by the Bush White House, because of the "Double Click" racket. So, they are motivated to kick in big for Bush's 2004 election fund.

By the way, just prior to 9-11, was the book "Body of Secrets" by James Bamford, containing the documents just then released of the 1962 scheme called Northwoods Project. The Joint Chiefs of Staff and others wanted to instigate the basis for invading Castro's Cuba. To rile up ordinary Americans, planes with Americans onboard were going to be sabotaged, violence, murder, and mayhem, were to occur all over the U.S., to be falsely blamed on Castro. To see how Northwoods was the blueprint for 9-11, just get a copy available on some websites, and change a few words, and it is the plan for September11, 2001.

[Note: sometimes some of our stories are posted on <> sooner than our own website. Click on MAIN PAGE, left hand side of that, where it says Columnists Sherman Skolnick.]

More coming....Stay tuned.


Since 1958, Mr. Skolnick has been a court reformer and since 1963, Founder/Chairman, Citizen's Committee to Clean Up the Courts. Since 1991, a regular panelist and since 1995, Moderator/Producer of "Broadsides", a one-hour weekly taped public access Cable TV Program, cablecast WITHIN CHICAGO to upwards of 400,000 viewers each Monday evening, 9 p.m., Channel 21 Cable TV. Segments of some of our shows can be seen on our website, on-line, anytime, anywhere, via videostreaming.

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