- Researchers and investigators have uncovered links between
a Miami bank that collapsed in 2002 amid a fraud scandal that was highlighted
by billions of dollars in questionable cash and fraudulent loans and money
movements linked to the Bush family and businesses linked to funding pilot
training for the 9-11 hijackers.
- After the collapse of Hamilton Bank of Miami, the Federal
Deposit Insurance Corporation (FDIC), an entity that WMR has reported has
been transformed by the Bush administration from a regulatory agency into
an investment center, and the Israel Discount Bank assumed liability for
the insured accounts. The FDIC assumed liability for half the accounts
and the Israel Discount Bank took over the other half. Three Hamilton branches
were reopened by the Israeli bank as "IDC." Insiders report that
Hamilton Bank was involved in joint (and possibly rogue) U.S.-Israeli intelligence
and money laundering operations.
- In 2002, The Miami Herald reported that bags of cash
from Latin American political leaders would routinely be flown to Hamilton
Bank for money laundering. The Herald reported that one of Hamilton's customers
was then-Panamanian President Mireya Moscoso. Hamilton maintained an office
in Panama. According to court documents filed by the Office of the Comptroller
of the Currency, Hamilton's dubious loans to Maximo Haddad, the owner of
the Mexican construction firm PYCSA that built a private toll road in Panama
and the owner of two offshore companies, Perpetual International Holdings
and Alderly Management; Manuel Cohen, the Panamanian Consul General in
Miami and the managing director of Alexander H Finance Co.; failed banks
in El Salvador and Ecuador; Metrobank International (Vanuatu); Metrobank
Panama, and a Florida drapery and window covering firm with subsidiaries
in Texas, Venezuela, Brazil, El Salvador, Australia, Mexico, Spain, and
Puerto Rico "appeared to have no legitimate business purposes.''
Hamilton Bank has been described by intelligence insiders as a front operation
for intelligence-related activities that may include, in addition to money
laundering, weapons and drug smuggling.
- Now defunct Hamilton Bank: Interesting clients As previously
reported by WMR last July (Intelligence Whispers), "In 1995, a $10
million transfer was made to Houston. The source was the Saudi Royal family.
The funds were transferred to Nations Bank via Banca Svizzera Italiana
via SWIFT. On September 28, 1995, a $50,000 check was cashed at Nation's
Bank of Pasadena, Texas. It allegedly originated from the $10 million of
transferred funds from Saudi Arabia and the payee was "Fayyaz Ahmed."
Fayyaz Ahmed, aka Fayez Ahmad, was also named as one of the hijackers aboard
United 175 that crashed into the South Tower of the World Trade Center
. . .
- The account from which the $50,000 was paid was in the
name of Treatment Services of the Southwest Corporation, 14359 Torrey Chase
Blvd., Suite D Houston TX 77014-1635, in North Harris County --check number
266-406556-1; Tax ID # 76-0455993. Much of the funds eventually ended up
in Phoenix, later the location of some of the 911 hijacker trainees.
- Ahmad also used the aliases Banihammad Fayez Abu Dhabi
Banihammad, Fayez Rushed Ahmed, Banihammad Fayez, Rasid Ahmed Hassen Alqadi,
Abu Dhabi Banihammad Ahmed Fayez, with the FBI officially tagging him as
one Fayez Rashid Ahmed Hassan al Qadi Banihammad. Fayyaz Ahmed had been
a resident of Delray Beach, Florida. The FBI later said that the "Fayyaz
Ahmed" who cashed the check in Pasadena was merely a student paying
for college tuition but the note on the check states "contingent for
travel expenses." Dallas, Texas was also one of the locations used
by the hijackers for flight simulator training. One of the flight training
"tasks," the hijackers trained to do was to maneuver planes between
World Trade Center 1 and 2.
- According to information recently obtained by WMR, the
facts about the money transfer are maintained in the Superior Court of
Arizona, Maricopa County, "In the Matter of the Proceeds of Account
41C-07029 RDC Holdings Co. , Inc." The FBI in Arizona has investigated
the case but may be under pressure not to follow certain leads that could
lead to the Bush family and their business associates.
- According to a source close to the case, the $10 million
was moved from Bluelake World SA, a Switzerland-based firm, via Topaz Liberty
and Andromeda International (both Panamanian firms), to the account of
Southwest Services of Houston, the account from which Fayyaz Ahmed was
- Another intermediary for the funds transfer was reportedly
Hamilton House of Nassau, Bahamas, a possible off-shore entity of Hamilton
Bank in Miami. The financial network that moved the $10 million to Arizona
and Texas reportedly has close links to Potomac Capital, a Geneva-based
entity set up by CIA Director George H. W. Bush in 1976.
- The Bush financial networks involved with Metrobank and
Hamilton also involve the entry of illegal foreign money into the 2004
Bush-Cheney campaign. See November 2004 article.
- This letter, sent to the Senate and House Intelligence
Committees' ranking members, is also germane to the issue of U.S. support
for Saudi terrorists.