- The Trans-partisan, Shadow CIA exerts influence on US Presidents Part Two In 1987, Jackson Stephens (an Arkansas billionaire and shareholder of First AmericanMessage 1 of 1 , Jun 27, 2010View SourceThe Trans-partisan, Shadow CIA exerts influence on US Presidents Part Two
In 1987, Jackson Stephens (an Arkansas billionaire and shareholder of First American bank) made arrangements with Union Bank of Switzerland (UBS) to provide $25 million to Harken Energy in return for a stock interest in that company. As part of the deal, Sheikh Abdullah Bakhsh, a Saudi real estate billionaire, joined Harken Energy's board as a major investor. Union Bank of Switzerland, which ordinarily didn't invest in small U.S. firms, would make an exception, giving Harken $25 million in exchange for a stock interest. At the time, UBS was a joint-venture partner with the Bank of Credit and Commerce International -(BCCI) a Geneva-based bank.
Stephens was owner of a Little Rock brokerage firm which underwrote Harken Energy's $25 million stock offering. Stephens Incorporated placed the Harken Energy stock offering with the Nugan Hand Bank and the London subsidiary of Union Bank of Switzerland. During the next decade the Union Bank of Switzerland assisted BCCI in avoiding taxes by moving cash from its bank in Noriega's Panama to other locations throughout the world. http://www.angelfire.com/ca3/jphuck/Book4Ch.3.html
Attorney General Richard Thornburgh squashed an investigation into First American Bankshares (whose major shareholder was Jackson Stephens), secretly controlled by BCCI, in October 1990; and William von Raab, former U.S. customs official, was fired by Treasury Secretary James Brady for delving too deeply into BCCI.
FBI Director Robert Mueller, was the top honcho of the Justice Department's, Criminal Division, during the Bush-the-elder's administration and was instrumental in suppressing and/or destroying evidence and scaring off and covering up about witnesses to protect the Bush Family connections with the Bank of Credit and Commerce International.
The Justice Department failed to investigate and prosecute the bank's officials despite strong evidence of wrongdoing. They did not follow up on leads, including eyewitness accounts that the bank was involved in widespread corrupt activities, including money laundering and drug trafficking. Assistant Attorney General Robert S. Mueller, 3d, was in charge of the BCCI investigation, the present FBI Director.
(Source: New York Times, July 6, 2001, in a story by Neil A. Lewis).
SOME UNKNOWN HISTORY OF THE U.S., The chapter: The development of the Shadow CIA laundering drug trafficking profits
For more about this go to my chapter in this online book, US Justice Department covered up drug trafficking.
After Hillary Clinton, Andrew Cuomo, and Eliot Spitzer, Barack Obama was the largest beneficiary of Norman Hsu's illicit largesse. The tens of thousands of dollars in contributions from Hsu's alleged straw donor network to Obama arrived over the course of at least 26 transactions, dating back as far as 2004.
Hsu pressured investors to contribute to candidates for office, provided them with a list of candidates to choose from, and than Hsu reimbursed some contributors to candidates for office in the amount of their contributions. Based on these actions, Hsu is charged with mail fraud, wire fraud and violating the Federal Election Campaign Act. He could face a sentence of up to 45 years in prison.
Starting in 2003, Hsu began contributing to, and collecting contributions for, the Democratic Party, although he did not join the party and was not registered to vote. He also donated to causes such as the Innocence Project and Clinton Global Initiative. He also became a trustee of The New School in New York, to whom he donated $100,000 and provided the money for a scholarship. To Democratic Party he became known to them as someone who could quickly raise large amounts of money, and as someone who networked tirelessly and always found ways to be included in high-profile events. By 2007, Hsu's status within Hillary Rodham Clinton's 2008 presidential campaign had risen after bring in more than $100,000 for her campaign, and he co-hosted a $1 million fundraiser.
Before becoming a major campaign money raiser for Sen. Hillary Rodham Clinton's presidential campaign, Norman Hsu helped host a 2005 California event for Barack Obama's political action committee and introduced the senator from Illinois to one of the biggest fundraisers for his presidential bid. Federal Election Commission records show that Hsu gave $5,000 to Obama's Hopefund PAC in connection with the fundraiser and that people publicly identified with Hsu and his companies gave an additional $19,500 to the PAC in 2005 and 2006.
It turns out that Norman Hsu also has been found by the NY and LA times to have several shell companies that do not exist. On top of this, he had dealings with the Chinese mafia. There are actually far reaching implications to this individual than simple soft -money donations. Questions have to be asked, where did he get the money to donate to Hillary Clinton? His various companies that he ran all went bankrupt. Did the Chinese/PRC government give him soft money to launder and donate to the Clinton campaign?
Hus had given through fronts like the Paw family in California, hundreds of thousands of dollars to the Clinton campaign. He was considered among the "elite" of Hillary's fundraisers.
Bernard L. Schwartz put Norman Hsu on the Board of Trustees of the New School University, in N.Y After Bill Clintons re-election Hillary Clinton ear-marked $750,000 to the new school recently as a pork barrel project.
Schwartz taught the Communist Chinese party how to build ICBM's which could make it out of the lower atmosphere. This was one of the main reasons that the PRC/China was able to destroy a satellite in space this year, touching off fears of a new arms race in space.
Bernard L. Schwartz is chairman and CEO of BLS Investments, LLC. Mr. Schwartz retired in March 2006 after 34 years as chairman of the board and chief executive officer of Loral Space & Communications Inc. (NASDAQ: LORL), headquartered in New York City.
Loral Space & Communications was created in 1996 when Loral Corporation sold its defense and systems integration businesses and formed one of the world's largest satellite manufacturing and satellite services companies. Through its Space Systems/Loral subsidiary, Loral designs and manufactures large, geostationary telecommunications satellites. Its Loral Skynet subsidiary provides a wide range of satellite services, including broadcast transponder leasing and value-added services
Prior to 1996, Mr. Schwartz served for 24 years as chairman of Loral Corporation, a Fortune 200 designer and manufacturer of advanced, state-of-the-art defense systems and hardware
Mr. Schwartz established permanent programs at the following institutions:
New School University, New York City: the Center for Economic Policy Analysis and a Chair in Economics and Policy. He served as vice chairman of the board of trustees of New School University. Mr. Schwartz also has established a matching grant merit scholarship fund at the New School's Lang College.
Bernard Schwarz and Norman Hsu are both work together on several projects outside of the school.
The Clinton scandal of 96.
On 9/13/1995, President Clinton met with John Huang and James Riady. During the meeting, Huang expressed an interest in becoming a fund-raiser for the Democratic National Committee.
In this position at the DNC, Huang raised $3.4 million. The DNC was later forced to return nearly $2 million when a Congressional investigation revealed "problems" with the source of the funds.
Huang was later convicted of crimes related to illegally reimbursing campaign contributions with Asian funds. Riady was also convicted of related campaign finance crimes. A U.S. Senate campaign finance report stated that Riady had a, "long-term relationship with... Chinese intelligence."
Here is a small piece of that report:
" (Sioeng San Wong's) relationship to the Government of the People's Republic of China has been the subject of press speculation since early 1997. Based on its own investigation, as discussed more fully elsewhere in the report, the Committee has learned that Sioeng worked, and perhaps still works, on behalf of the Chinese government.
Sioeng regularly communicated with PRC embassy and consular officials at various locations in the United States, and, before the campaign finance investigation broke, he traveled to Beijing frequently where he reported to and was briefed by Chinese communist party officials...
Norman Hsu--a $7,500 check was written on Sioeng San Wong's account to Friends of Norman Hsu on March 11, 1995.
It has also been found out by both the L.A and N.Y times that Norman Hsu ran several shell companies that did not exist, when they looked into the addresses of these companies, they were random condos unrelated to Hsu. The NY Times reported, "There were no offices in buildings in New York's garment district whose addresses were given for businesses with names like Components Ltd., Cool Planets, Next Components, Coopgors Ltd., NBT and Because Men's clothing all listed by Mr. Hsu in federal filings at different times.
According to the Wall Street Journal, he was on of the TOP 20 DEMOCRATIC FUNDRAISERS IN THE COUNTRY and had pledged a million dollars for the Clinton campaign.
" Mr. Hsu, an apparel executive, has raised well over $1 million for the New York senator's presidential campaign, making him one of the top 20 Democratic fund-raisers in the country."
Connect the dots, Hsu, a bankrupt Chinese national wanted on a felony of fraud, connected to Schwarz, who gave away national security secrets, working with the Chinese/PRC government. Suddenly comes into huge wealth and starts donating hundreds of thousands of dollars to the leading democratic nominee for president. It is no accident. Or is it?
"Hsu's history includes more unsavory episodes and associations. In 1990, he allegedly was kidnapped by Chinese gang members in San Francisco as part of an apparent effort to collect a debt.
Chinese Gangster "Shrimp Boy" Chow and Hsu
Raymond "Shrimpboy" Chow, an associate of democratic donor Norman Hsu, Hsu donated $3,300 to Fiona Ma's campaign plus another $10,600 in donations in other people's names.
ABC7 San Francisco was able to track down Raymond Kwok Chow, alias "Shrimp Boy." Shrimp Boy was an associate of Hsu's and was later busted for running a child prostitution ring. He was in the front seat of the car the day that Hsu said he was being kidnapped by Chinese gang members.
Hsu is the man who skipped out on two million dollars bail in San Mateo County, only to be rearrested in Colorado. He's been on the run for 12 years.
Hsu rubbed shoulders with the powerful and notorious as well.
Raymond Kwok Chow, alias "Shrimp Boy," is one of Hsu's known associates.
He was notorious gangster in Chinatown in the early 1990's, at roughly the same time when state prosecutors say Norman Hsu started his ponzi scheme with his latex gloves business.
Chow says he is now clean, and spoke with us about his relationship with Norman Hsu.
Chow dressed brazenly in white at the funeral of Allen Leung, the Chinatown business leader shot to death last year.
Chow was once one of the most feared gangsters in Chinatown.
"I grow up in crime. I grow up in the city and involved with the most crime," said Chow.
In the 1980's and early 1990's, San Francisco's Chinatown was the battleground of a bloody war between powerful gangs.
Chow's gang "Wo Hop To" finally won.
This was when Chow says he met Norman Hsu. He says Hsu dabbled in clothing, import and export and real estate. He adds Hsu was also in trouble.
"I guess he into a lot of financial problem back then and I loaned him some money," said Chow. "And I help him with my knowledge and with my strength. That's all there is."
In the early hours of August 28, 1990, Foster City Police stopped a car for making an illegal turn.
In the back seat, they found a frightened Norman Hsu. In the front were Raymond Chow and two associates.
Hsu told police he had been kidnapped.
"There was a 12 hour ordeal where there was discussions, arguments. Mr. Hsu claims he was assaulted several times and threatened," said Capt. Matt Martell, Foster City Police Department.
Hsu told police he had business dealings with Chow and there was a dispute over money.
"And what that dollar amount was, different dollar amounts ranged between $300,000 and a $1 million worth of claims," said Capt. Martell
Chow says Hsu lied, and claims it was Hsu who called him for help that night because he owed people money...
Chow is now the chairman of the Chinese Freemasons, the position Allen Leung held before he was killed.
Despite his bust for running a child prostitution ring, "Shrimp Boy" was given an award by the City of San Francisco last year.
Raymond "Shrimpboy'' Chow, who was indicted on racketeering charges in 1992, says he turned his life around after his bust for running a child prostitution ring and dealing heroin. Chow and his tong are the proud recipients of an official certificate of honor from the city, an award arranged by Supervisor and state Assembly candidate Fiona Ma.
This is the same Raymond Chow who was active in a Chinatown tong called Hop Sing until he and two dozen others were indicted in 1992 on racketeering charges for their alleged involvement in everything from underage prostitution to the international heroin trade.
"Sidewinder Report" on China espionage
Chinese Intelligence Services and Triads Financial Links in Canada RCMP- Canadian Security Intelligence Service - report dated 24 June 1997.