19 de julio de 2012 - Implicaciones del ataque terrorista y los combates en Damasco - Historia

19 de julio de 2012 - Implicaciones del ataque terrorista y los combates en Damasco - Historia


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19 de julio de 2012- ¿Implicaciones del ataque terrorista, combates en Damasco?

Sigue habiendo informes contradictorios sobre la identidad de los responsables del atentado selectivo de ayer en Bulgaria. El Primer Ministro ha declarado, inequívocamente, que Irán está detrás del bombardeo. Si bien los búlgaros han declarado que saben quién estuvo detrás de la tragedia, todavía no lo han dicho. Mientras tanto, una foto con un presunto sospechoso ha estado circulando en los medios. Si la identificación es correcta, el atacante es un musulmán sunita, nacido en Europa, que se dice que pasó un tiempo detenido en la bahía de Guantánamo. Todos estos detalles se aclararán en los próximos días.

Ha habido un par de artículos alarmistas en la prensa en el último día. El primero, en Ha'aretz, afirmó que el gobierno israelí utilizará el bombardeo como excusa para lanzar un ataque contra Irán. El segundo, el New York Times, declaró que Israel planea atacar las instalaciones de armas químicas sirias para asegurarse de que las sustancias químicas no caigan en manos de los terroristas. La primera historia es verdaderamente alarmista. No hay duda de que Netanyahu lo hará, y ya ha vinculado los ataques terroristas al programa nuclear de Irán. Advirtió hoy en contra de permitir que cualquier país que apoye el terrorismo adquiera armas nucleares. Sin embargo, por el momento, Netanyahu está utilizando la tragedia para obtener apoyo mundial adicional para una nueva y más estricta ronda de sanciones contra Irán. En el futuro ... En cuanto a la segunda historia, como ya informé, el gobierno israelí ha dejado en claro que atacará a Hezbollah si toma medidas para adquirir armas químicas.

Los combates se intensificaron en Damasco hoy, y los rebeldes aparentemente tomaron el control de varias partes de la ciudad. Parece que los rebeldes han estado infiltrando hombres y material en la ciudad durante los últimos meses, y han esperado la señal de que era el momento adecuado para intentar apoderarse de la capital. El resultado debería quedar claro en los próximos días. Quizás China y Rusia sepan algo que el resto del mundo desconoce. Una vez más, los dos países vetaron una resolución del consejo de seguridad que imponía sanciones al gobierno sirio. Realmente parecen estar respaldando al caballo equivocado, y cuando Assad caiga, se encontrarán con nuevos enemigos en Siria.

Anoche fue el funeral del principal rabino del movimiento Haredi, el rabino Yosef Shalom Elyashiv, quien murió a los 102 años. Elyashiv fue llamado el "Posek Ha Dor" (la singular autoridad halájica de su generación). También era conocido por sus fallos extremadamente conservadores / reaccionarios. El rabino Elyashiv se negó a permitir que la muerte cerebral fuera un criterio para la extracción de órganos para trasplantes. Esto creó una situación en la que muchos más haredim reciben órganos de los que podían donar. El rabino Elyashiv se opuso a presionar a los hombres que se negaban a darle a su esposa un Get (orden halájica de divorcio). Más importante aún, el rabino Elyashiv fue un firme defensor de que una conversión debe ser anulada retroactivamente, si se encuentra que el converso no cumple con todas las mitzvot. Hubo una decisión del rabino Elyashiv que realmente me gustó. El rabino Elyashiv dictaminó que no se debe rezar en los pasillos de los aviones, si al hacerlo molesta a los demás pasajeros. Esta decisión no parece ser cumplida tan estrictamente por sus seguidores como siguieron la mayoría de sus otras decisiones.


La desaparición global de los malhechores (capítulo 6): los oficios de lavado de Al Qaeda, el jeque ciego y el programa de manipulación algorítmica del mercado RLevi2

¿Una de las operaciones de corretaje y fondos de cobertura más poderosas del mundo tenía a Al Qaeda como cliente? Por supuesto, estoy bromeando. ¿Derecha? En realidad, no, no estoy bromeando.

Uno de los clientes de Man Financial & rsquos era un importante blanqueador de dinero y manipulador del mercado de Al Qaeda.

Esto ya no parecerá sorprendente una vez que entienda que el inframundo de las finanzas ilícitas es un mundo pequeño, y una vez que entienda que el inframundo se está convirtiendo en el supramundo, lo que quiere decir que la criminalidad se ha generalizado.

La mafia ha sido un actor en los mercados financieros desde la década de 1980, y hemos comenzado a ver cómo Michael Milken y sus amigos (incluidos los que dirigen Man Financial) lograron que eso sucediera. Mientras tanto, donde hay mafia, hay yihadistas.

Al comienzo de esta historia, cité al almirante jefe de la Inteligencia Nacional de EE. UU. Dennis Blair y rsquos advirtiendo sobre el & ldquonexus & rdquo entre el crimen organizado y el terrorismo. Si no le cree, escuche a los expertos contratados no hace mucho por el Departamento de Justicia de EE. UU. Para producir un informe titulado "Explorando los vínculos entre el crimen organizado transnacional y el terrorismo internacional".

En este informe, los expertos (todos destacados académicos y ex empleados de las agencias de seguridad nacional) afirmaron que "las organizaciones criminales y terroristas se integrarán e incluso podrían formar nuevos tipos de organizaciones".

Los expertos dijeron: "De acuerdo, los motivos parecen diferentes: el crimen organizado que se centra en hacer dinero y el terrorismo con el objetivo de socavar la autoridad política". Pero, según los expertos, la evidencia es clara de que "los objetivos del crimen y los grupos terroristas se han fusionado en el pasado". . & rdquo

El objetivo compartido no es político en el sentido de estar arraigado en una ideología compleja, pero tiene implicaciones políticas. "Los grupos terroristas", dijeron los expertos del Departamento de Justicia, "a veces buscan y obtienen la ayuda del crimen organizado basándose en la percepción de la valía de la causa terrorista, o debido a su causa común contra las autoridades estatales u otras fuentes de oposición".

De hecho, según los expertos, la mafia y los yihadistas "tienen perfiles similares y, a menudo, son los mismos individuos". Muchas personas pertenecen a grupos terroristas y del crimen organizado, y llevan a cabo una variedad de tareas para ambos.

Entre los muchos ejemplos citados por los expertos estaba el de Dawood Ibrahim, el jefe de la mafia india. Recuerde que un funcionario de la CIA dijo: "Si quieres saber qué está tramando Osama bin Laden, tienes que entender qué está tramando Dawood Ibrahim".

Daniel Pearl, el reportero del Wall Street Journal que fue asesinado por yihadistas en 2002, había comenzado a investigar a Ibrahim, pero nunca escribió una historia sobre él. Después de la muerte de Pearl & rsquos, The Journal anunció que de ahora en adelante dejaría de enviar reporteros a lugares peligrosos porque hacerlo no se ajustaba a la misión de paper & rsquos de informar sobre el mundo de los negocios.

Aparentemente, The Journal había llegado a la conclusión de que las personas peligrosas en lugares peligrosos no realizan negocios. Desde entonces, el periódico ha renunciado a investigar casi nada.

Mientras tanto, la mayoría de los demás periódicos parecen igualmente reacios a dedicar recursos a investigaciones serias oa publicar historias que puedan sorprender a sus lectores. Así que no has leído mucho sobre Dawood Ibrahim en la prensa.

Pero el Sr. Ibrahim no solo es peligroso, es uno de los hombres más importantes del mundo. Es alguien que debería aparecer en las portadas de todos los periódicos del país.

Sabemos que Ibrahim solía dirigir su operación criminal global desde Dubai, con la total aquiescencia del gobernante local, Sheikh Mo. Mientras estaba en Dubai, Ibrahim llegó a tener una estrecha relación con todos, desde las actrices de Bollywood hasta el mercado. manipuladores (como Ali Nazerali, antes del BCCI) que habitan la red de Michael Milken.

Durante la mayor parte de su carrera, Ibrahim no fue más que un jefe de la mafia secular, involucrado en el comercio habitual y el contrabando de narcóticos, lavado de dinero, tráfico de metales preciosos, proliferación de materiales de armas nucleares, estafas de protección, estafas financieras y prostitución.

Pero a principios de la década de 1990, Ibrahim y su equipo de la mafia, que se llama & ldquoD-Company & rdquo, comenzaron a entablar relaciones con yihadistas, incluido Osama bin Laden. Y gracias a esas relaciones, pronto llamó la atención de la agencia de espionaje de Pakistán & rsquos, el ISI.

En 1993, el ISI invitó a algunos de los principales miembros de la banda criminal del Sr. Ibrahim & rsquos a Pakistán para recibir entrenamiento paramilitar. Ese mismo año, el Sr. Ibrahim y sus secuaces, con la cooperación de los yihadistas y el ISI, orquestaron el ataque más mortífero en la historia de la India, haciendo estallar simultáneamente poderosas bombas en trece lugares de Bombay (ahora llamado Mumbai).

Un total de 250 personas murieron en esos ataques y 700 resultaron heridas. Claramente, este no fue un éxito típico de Mob. Fue un acto de terrorismo, coordinado por un hombre que no era por apelación un "quoterrorista", sino más bien un mafioso que había encontrado una causa común con espías deshonestos y yihadistas.

Ibrahim, que ahora vive en Pakistán bajo la protección del ISI, también es sospechoso de estar involucrado en el cataclismo que afectó a Mumbai en 2008, cuando yihadistas vinculados a Al Qaeda (la mayoría de ellos oficialmente miembros de Laskhar-e-Tayyiba) lanzaron atentados en más de diez lugares de la ciudad, ocupando varios hoteles y una sinagoga, y matando al menos a 173 personas, incluidos al menos cinco estadounidenses, uno de ellos una niña de 13 años.

Esta es la razón por la que Dawood Ibrahim disfruta de la distinción de ser la única persona etiquetada por el gobierno de los EE. UU. Como "Capo de los Narcóticos Extranjeros" y "Terrorista Global Especialmente Designado".

Pero él no es la única persona que ha merecido esas denominaciones. El multimillonario saudí Sheikh Mahfouz (antes del BCCI) fue, hasta su muerte en 2009, otra persona que estaba relacionada tanto con el tráfico de drogas como con la Gran Jihad. Y los líderes de Al Qaeda están fuertemente involucrados en el tráfico de heroína, administrando sus drogas a través de la mafia albanesa, que es esencialmente una afiliada a Al Qaeda, en estrecha cooperación con la mafia rusa y La Cosa Nostra.

Hay puristas que insistirían en que Dawood Ibrahim no es parte de Al Qaeda porque nunca juró oficialmente lealtad a Osama bin Laden. Esto sería malinterpretar la naturaleza de Al Qaeda, que nunca ha tenido más que un puñado de miembros oficiales, aunque mucha más gente ha cumplido sus órdenes.

La mayoría de los secuestradores que llevaron a cabo los ataques del 11 de septiembre no eran oficialmente miembros de Al Qaeda. Incluso el cerebro de la conspiración del 11-S, Khalid Shiekh Mohammed, no era miembro de Al Qaeda cuando se llevaron a cabo los ataques.

Para defendernos de Al Qaeda, debemos entender que el enemigo no son solo unos pocos miembros juramentados, sino una red grande y flexible de personas que colaboraron con Osama bin Laden y continuarán colaborando con el sucesor de bin Laden & rsquos.

En la declaración formal de guerra de Osama bin Laden y rsquos contra los Estados Unidos, ni siquiera se utilizó el nombre & ldquoAl Qaeda & rdquo. En cambio, la declaración fue firmada por bin Laden y los líderes de varios otros equipos: el Grupo Jihad, el Grupo Islámico Egipcio, Jamiat-e-Ulema y el Movimiento Jihad de Bangladesh.

El Sr. Ibrahim & rsquos D-Company está estrechamente afiliado a Jamiat-e-Ulema, y ​​varios de los principales secuaces del Sr. Ibrahim & rsquos son miembros de pleno derecho del Movimiento Jihad de Bangledesh. Por lo tanto, no es sorprendente que D-Company haya ayudado a llevar a cabo múltiples ataques terroristas relacionados con estos y otros afiliados de Al Qaeda.

Además de llevar a cabo ataques terroristas, Ibrahim y D-Company son los traficantes más importantes de heroína de Al Qaeda. Además, Ibrahim y D-Company juegan un papel clave en la gestión de las finanzas de Al Qaeda y rsquos.

Por lo tanto, Dawood Ibrahim y sus secuaces son, a todos los efectos, miembros de una red algo intangible de personas estrechamente afiliadas que están todas en la misma página. Es correcto (y, de hecho, esencial si queremos entender al enemigo real) describir a todas las personas de esta red como "miembros" de Al Qaeda, independientemente de si se declaran abiertamente como tales.

En 2008, uno de los principales secuaces de Dawood Ibrahim & rsquos fue Naresh Patel, quien presidió una red bancaria clandestina de Al Qaeda con tentáculos en los Emiratos Árabes Unidos, India, Pakistán, China, Nigeria, Italia, Afganistán, Sudáfrica, el Congo, Nepal, las Islas Cook, Gran Bretaña y Estados Unidos.

La función principal de esta red era administrar las ganancias de las drogas de Al Qaeda y los cientos de millones de dólares que tanto Al Qaeda como su subsidiaria, la mafia albanesa, habían ganado vendiendo no solo heroína, sino también cocaína.

Según el Departamento de Justicia de EE. UU., Gran parte de ese dinero se transfirió a través de bancos en Dubai y, en adelante, a al menos quince cuentas que Patel tenía en Man Financial, el equipo que (como hemos visto) estaba vinculado a Michael Milken, Bernie Madoff. , Tuco Trading y BKS en Moscú.

Patel negoció grandes volúmenes a través de estas cuentas de Man Financial en 2008, pero el Departamento de Justicia no lo atrapó hasta 2009, momento en el que se le encargó la transacción, a través de Man Financial, de volúmenes masivos de & ldquowash trades & rdquo & ndash, vendiendo y comprando simultáneamente productos básicos. Estaba haciendo lo mismo con los valores.

El Departamento de Justicia describió esta actividad como "blanqueo de dinero" porque el blanqueo de capitales formaba parte de ella, y el blanqueo de capitales es un concepto que los funcionarios antiterroristas entienden bastante bien. La manipulación del mercado, por el contrario, probablemente se comprenda menos.

Y lo que el Departamento de Justicia podría no haber sabido (o decidido ignorar) es que las personas que despliegan "intercambios comerciales" no solo están lavando dinero, sino que están manipulando los mercados. Esto se debe a que & ldquowash trades & rdquo (compra y venta simultánea de los mismos valores) aumentan el volumen de forma artificial, lo que hace que los precios caigan.

En otras palabras, las operaciones de lavado crean estática y ahogan las señales genuinas del mercado. La mayoría de las veces, a medida que se atenúa la información en el mercado, las operaciones de lavado se implementan simultáneamente con las ventas en corto al descubierto para crear la apariencia de una venta de pánico. Esto induce la venta masiva a la que está apostando el comerciante.

Las operaciones de lavado de Naresh Patel & rsquos por sí solas causaron graves daños a los mercados. Pero sería una buena idea que la SEC verificara los registros comerciales de Naresh Patel & rsquos y Man Financial & rsquos (sin mencionar los de la correduría Madoff & rsquos y otros que realizaron transacciones para Man Financial) para ver si las transacciones de lavado de Patel & rsquos eran, como la mayoría de las transacciones de lavado, parte de un esquema de manipulación del mercado de corto plazo aún mayor.

También sería útil saber exactamente qué ejecutivos de Man Financial fueron responsables de realizar las transacciones manipuladoras yihadistas. Parece probable, por un lado, que el vicepresidente de control comercial de Man Financial & rsquos, Neda Nabavi, hubiera tenido alguna supervisión del comercio. Esto podría ser relevante o no, pero de todos modos señalaré que la Sra. Nabavi es también la directora ejecutiva de un club social iraní llamado Shabeh Jomeh.

Shabeh Jomeh parece ser una organización bastante inocente y mdash organiza fiestas y otras reuniones sociales. Pero es una guía instructiva para las redes empresariales iraníes. El cofundador de Shabeh Jomeh, junto con Man Financial & rsquos Nabavi, fue Babak Talebi, quien también fue miembro de la junta del National Iranian American Council (NIAC).

El CANI se creó a raíz de los ataques del 11 de septiembre, aparentemente para servir como una voz para los iraníes-estadounidenses "homogéneos" que se oponen al terrorismo. En un período de tiempo notablemente corto, la organización obtuvo acceso a funcionarios de alto nivel en el Departamento de Estado y la Agencia Central de Inteligencia.

Pero, como resultó, la misión principal del Consejo Nacional Iraní Americano y rsquos no era servir como una voz contra el terrorismo. De hecho, dijo poco sobre terrorismo. En cambio, dedicó la mayor parte de sus energías a abogar en nombre del gobierno iraní.

En 2007, un periodista iraní estadounidense llamado Hassan Daioleslam comenzó a afirmar públicamente que el CANI debería estar registrado oficialmente como un agente que trabaja para el régimen iraní. La directora del CANI, Trita Parsi, respondió demandando a Daioleslam por difamación.

Esto resultó ser un error, porque permitió a Daioleslam solicitar & ldquodiscovery & rdquo de los documentos internos del CANI & rsquos, que demostraban que el CANI había estado, desde sus inicios, en contacto regular con Irán & rsquos embajador ante las Naciones Unidas, quien era (recordemos) también dirigiendo las operaciones de la Jihad Islámica Palestina, la Corporación Assa y la Fundación Alavi.

De la batalla judicial surgió que el CANI estaba coordinando su cabildeo y defensa con un hombre llamado Siamak Namaz. Algunos años antes, Namaz había fundado un grupo en Europa llamado Iraníes para la Cooperación Internacional, cuya misión declarada era "salvaguardar los intereses de Irán". El CANI, al parecer, se fundó para cumplir esa misma misión en los Estados Unidos.

En cuanto a la credibilidad de NIAC & rsquos afirma que defiende en nombre de & ldquoIranian-Americans & rdquo, a diferencia del régimen iraní, se ha observado que el grupo tiene muy pocos iraníes-estadounidenses como miembros, mientras que sus líderes, Namaz y Parsi, son iraníes ciudadanos que, según todos los informes, son leales a los gobernantes de la República Islámica y no tienen intenciones de convertirse en ciudadanos estadounidenses.

Además, se da el caso de que mientras Namaz ejercía presión en nombre del régimen iraní, también trabajaba como director gerente de una empresa llamada Atieh Bahar, que es la rama de consultoría internacional del Atieh Group, una sociedad de cartera que ha contratos con los ministerios del gobierno iraní y los bancos iraníes que estaban financiando el programa nuclear del régimen islámico y rsquos.

Poco después de que esta información se hiciera pública, el jefe del Grupo Atieh, Bijan Khajehpour, fue arrestado en Irán y supuestamente encarcelado por el régimen. Mientras tanto, Namaz y Parsi de repente afirmaron que apoyaban el movimiento democrático en Irán. A la luz de estos desarrollos, confío en lanzar una hipótesis y ndash, a saber, que el gobierno iraní instruye a sus agentes para que se pronuncien a favor de la democracia para cubrir sus actividades en nombre del régimen.

Es muy posible que la República Islámica incluso organice el encarcelamiento de sus mejores agentes para darles un barniz prodemocrático que les permita operar de manera más eficaz en Occidente. Ciertamente, parece poco probable que Namaz y Parsi sean auténticos demócratas, dado que los documentos internos del CANI muestran que la organización aspiraba a acabar con el llamado & ldquoDemocracy Fund & rdquo y otros movimientos a favor de la democracia liderados por iraníes que viven en los EE. UU.

En un documento titulado & ldquoCampaign for a New American Policy on Iran & rdquo, el CANI prometió & ldquoend the Democracy Fund como lo conocemos & rdquo. En este sentido, el documento CANI enumera varios objetivos importantes. En la parte superior de la lista está el objetivo de convencer a los iraníes liberales y sus partidarios de que "abandonen la búsqueda del cambio de régimen".

En cuanto al Sr. Khajehpour, quizás realmente fue una amenaza para el régimen de Irán. Quizás realmente fue a la cárcel. Pero no estuvo mucho tiempo en prisión, y ahora está en Londres, desde donde opera un imperio empresarial que tiene mucho alcance en los Estados Unidos.

No pretendo sugerir que los estadounidenses deban ver el CANI como algo misterioso o aterrador. Por el contrario, los estadounidenses deberían comprometerse con el CANI, al igual que el gobierno de Estados Unidos debería comprometerse con el régimen iraní.

Trita Parsi, fundadora de NIAC & rsquos, ha escrito un libro excelente que es de lectura obligada para cualquiera que desee comprender la línea del partido iraní. Quizás, algún día, Parsi pueda convencer a sus asociados en Irán de que hay poco que ganar amenazando con exterminar a Israel y emprender una "yihad económica" (entendiendo "quowar contra los infieles").

Sin embargo, siempre que Irán demuestre con sus acciones que es un enemigo de Estados Unidos, lo mejor sería tratar a sus agentes con cierto grado de sospecha. Otro libro que vale la pena leer es & ldquoShariah: The Threat to America & rdquo, del ex director de la CIA James Woolsey, quien implica a Irán en todo, desde los ataques del 11 de septiembre hasta el desarrollo de las finanzas y el cumplimiento de la sharia, que representan una amenaza para el sistema financiero global.

Como sabemos, la Fundación Alavi, el otro frente del régimen iraní que estaba lidiando con el embajador de Irán y rsquos en la ONU, fue acusado en 2009 de espionaje y financiación del programa de armas nucleares de Irán y rsquos. Un informe en el New York Daily News incluso sugirió que la Fundación Alavi estaba conspirando para importar materiales nucleares a los Estados Unidos para usarlos en un ataque terrorista en una gran ciudad estadounidense.

En cuanto a Shabeh Jomeh, el club social iraní cofundado por Man Financial & rsquos, vicepresidente de controles comerciales, bien podría ser nada más que una oportunidad para que los iraníes se conozcan entre sí. Pero también vale la pena señalar que, además de estar vinculado al CANI, el otro cofundador de Shabeh Jomeh & rsquos es Tamilla Ghodsi, directora general de Goldman Sachs.

Ghodsi forma parte de la junta directiva de Razi Health Foundation, un grupo que transfirió grandes sumas de dinero a la mencionada Fundación Alavi. Mientras tanto, la Fundación Alavi devolvió dinero a la Fundación Razi Health, lo que plantea la posibilidad de que estas organizaciones sean esencialmente una y la misma cosa.

Pero la SEC no ha investigado a Man Financial en absoluto. De hecho, casi nunca ha procesado un caso importante de manipulación del mercado, y mucho menos ha verificado los registros comerciales de un administrador de dinero clave de Al Qaeda que estaba manipulando los mercados a través de una corredora que también hace negocios con la mafia.

Así que nadie está procesando a Man Financial, a pesar del hecho de que fue claramente cómplice del comercio ilegal de Al Qaeda, Naresh Patel & rsquos, y a pesar del hecho de que los compinches de Milken que dirigen esa operación deben haber sabido exactamente quién era Naresh Patel. De hecho, es la ley & ndash prescrita por la Patriot Act & mdash que los corredores y administradores de fondos de cobertura debe saber si sus clientes son mafiosos, yihadistas o ambos.

Esto es especialmente cierto cuando los clientes parecen estar realizando volúmenes masivos de operaciones en corto manipuladoras en el punto álgido de una crisis financiera.

En cuanto a la intermediación de Madoff & rsquos, bueno, es demasiado tarde para investigar esa operación. Se vendió a la red Milken, justo en el momento del arresto en 2010 de Daniel Bonventre, el tipo responsable de transferir $ 750 millones de dinero Ponzi a la operación Madoff & rsquos & ldquoclearing and asentamiento & rdquo (es decir, la operación que habría realizado cualquier transacción manipuladora que se produjera en ella). de Man Financial y otros de la red Milken).

La correduría de Madoff & rsquos se vendió rápidamente en una subasta que pudo haber sido manipulada. Tres casas de bolsa asistieron a la subasta, solo una de las cuales hizo una oferta. Una de las corredurías que asistió fue Guzman & amp Co, propiedad de Leopoldo Guzman, quien recientemente se había desempeñado como director de inversiones de Gulf Investments Company, una empresa de propiedad saudí en Kuwait.

La otra correduría que observó fue Aleo Capital Markets. No he podido averiguar mucho sobre ese equipo, excepto que está dirigido por David Weisberger, ex director ejecutivo de Lava Trading.

Lava Trading es parte de un grupo más grande llamado SunGard, que se separó de Sun Oil Company. Sungard ha estado a la vanguardia en el suministro de plataformas comerciales a instituciones financieras que cumplen con la sharia en el Medio Oriente.

En 2008, Sungard patrocinó una & ldquoGala Networking Reception & rdquo donde se declaró que & ldquoIslamic finance can be the model for the global economy & rdquo. El orador principal de este evento fue el CEO de Dar Al-Maal Al-Islami, o la & ldquoHouse of Islamic Money & rdquo.

Las víctimas de los ataques del 11 de septiembre han demandado a la Casa del Dinero Islámico, señalando que llevaba las cuentas de Wael Jalaidan, fundador de Al Qaeda, y que había hecho negocios con empresas que eran propiedad de Osama bin Laden.

Los miembros de la junta de la Casa del Dinero Islámico y los rsquos incluyeron a Haydar bin Laden, hermano de Osama y rsquos, y el y ldquoSpecially Designated Global Terrorist y rdquo Yasin al Qadi (el financista favorito de Osama y rsquos). Una de sus subsidiarias, Shamal Islamic Bank, estaba dirigida por Abdul Jalil Batterjee, quien era el presidente de un grupo que controlaba Benevolence International, el frente de Al Qaeda que tenía contactos con personas que intentaban obtener armas nucleares para la Gran Jihad.

SunGard suministra plataformas de negociación a varias corredurías que han sido multadas por implementar esas plataformas de negociación en esquemas de venta en descubierto al descubierto. También se descubrió que SunGard informaba "de manera sistemática" las ventas en corto como ventas largas en el verano de 2007, un hábito que es beneficioso para el comercio manipulador.

Mientras tanto, SunGard era dueño de una correduría llamada Assent. Muchos de los comerciantes de Assent & rsquos, en 2008, también negociaban a través de Zuhair Karam & rsquos Tuco Trading, lo que representa parte de ese gran volumen de corretaje y rsquos. En Tuco, recuerde, hubo varios relatos interesantes.

Una era la cuenta de Orange Diviner, controlada por los principales secuaces de Roman Abramovich (el primer ministro ruso y la mano derecha de rsquos) y el capo de la mafia rusa Semion Mogilevich. También participaron con Orange Diviner personas afiliadas a Alfa Group, el grupo que está financiando el programa nuclear Irán & rsquos.

También fueron interesantes dos cuentas de Tuco que negociaron 2 mil millones de acciones (equivalente al 20 por ciento del volumen en la correduría más grande del planeta). Una de esas dos cuentas contenía más de 2.000 subcuentas anónimas basadas en China.

Y en el otoño de 2010, recibí un aviso de que las cuentas responsables de esos 2 mil millones de acciones habían sido establecidas por un tipo iraní con vínculos de alto nivel con la Guardia Revolucionaria y la Jihad Islámica Palestina (cuyo líder en los EE. UU. instrucciones del embajador iraní ante la ONU). Sin embargo, Tuco & rsquos Zuhair Karam aún tenía que confirmar la identidad de ese iraní.

Pero lo hice ahora que algunos comerciantes de Assent (el grupo de Sungard cuyos comerciantes también operaban a través de Tuco) estaban involucrados con una corredora llamada Carlin Equities. Una persona involucrada con Carlin fue Arik Kislin, a quien el gobierno de los Estados Unidos ha nombrado miembro de la pandilla dirigida por Vyacheslav Ivankov, o el "pequeño japonés", el principal jefe de la mafia rusa en los Estados Unidos durante la década de 1980.

En 2009, Ivankov fue asesinado en una calle de Moscú después de admitir que había sido empleado durante mucho tiempo por los servicios de inteligencia rusos. Mientras tanto, Kislin y una figura de la mafia rusa llamada Michael Chernoy eran socios en un equipo de lavado de dinero llamado Trans Commodities, que ha estado vinculado al gobierno ruso.

Además, Kislin fue nombrado por el FBI como asociado de un traficante de armas iraní llamado Babeck Seroush, que operaba desde Moscú y trabajaba con la agencia de inteligencia militar GRU, Rusia & rsquos. En 1984, los fiscales del Distrito Sur de Nueva York acusaron a Seroush de contrabandear semiconductores y gafas de visión nocturna de uso militar a Corea del Norte. Kislin ha admitido que ha hecho negocios con Seroush.

Asentimiento, el equipo asociado con Kislin & rsquos traders está vinculado de otras formas a Zuhair Karam & rsquos Tuco Trading. Por ejemplo, una correduría llamada Lightspeed (que tenía una sociedad con Tuco y le proporcionó a Tuco una de sus plataformas comerciales) refirió algunas de sus operaciones a Assent, que a su vez las refirió a una correduría de California llamada Wedbush Morgan y a una empresa de Texas llamada Penson Financial.

Wedbush, mientras tanto, refirió la mayoría de sus operaciones a la correduría Bernie Madoff & rsquos. En otras palabras, las operaciones se transmitieron a través de una larga lista de corredores y, en muchos casos, fueron finalmente ejecutadas por Madoff.

Entonces, para resumir: la licitación de la correduría de Madoff & rsquos fue atendida por otras tres corredurías. Una de esas corredurías era propiedad de un compañero que había estado trabajando recientemente para una empresa saudí en Kuwait.

La segunda correduría era propiedad del exdirector ejecutivo de una correduría que era subsidiaria de SunGard, que tiene vínculos con la Casa del Dinero Islámico y también es propietaria de Assent, que tiene vínculos con Lightspeed, Tuco y Carlin Equities, el grupo vinculado a Rusia. Figura de la mafia Arik Kislin.

Pero lo más probable es que esos corredores asistieran a la licitación simplemente para asegurarse de que el corretaje de Madoff & rsquos fuera, de hecho, vendido a la tercera corredora en asistencia. Ese corretaje se llamó Surge Trading y, al final, Surge efectivamente compró la operación de Madoff & rsquos.

Surge Trading fue dirigido por Frank Petrilli, ex vicepresidente de una correduría llamada Datek Securities. En 1999, la SEC acusó a Datek de administrar cuentas comerciales para un tipo llamado Martin Clainey, excepto que Clainey no era su nombre real. Su verdadero nombre era Phillip Gurian, y era la mano derecha de un capo de la familia de la mafia Decalvacante llamado Phil Abramo, quien era uno de los manipuladores del mercado más notorios de Estados Unidos, conocido en los círculos de la mafia como el "Rey de Wall Street".

Fuentes cercanas a Abramo dicen que estuvo entre los personajes de la mafia que estuvieron involucrados con el equipo de Ali Nazerali & rsquos BCCI, First Commerce Securities.

La firma de compensación de Datek & rsquos, mientras tanto, era AR Baron, el equipo de la mafia que fue (recuerdo) financiado por el compinche de Milken Zev Wolfson y luego acusado por el Departamento de Justicia de manipular acciones en alianza con una gran cantidad de personajes de La Cosa Nostra y el jefe de la mafia rusa Felix Sater & rsquos White. Rock Partners.

Datek también hizo muchos negocios con un tal Joseph Gutnick, quien fue una figura importante en el movimiento jasídico ultraortodoxo Lubavitch en Israel. El Sr. Gutnick fue conocido durante mucho tiempo en Israel como el Rebe de Goldener, o el Golden Rabbi, porque dirigió varias organizaciones benéficas extremadamente generosas que desempeñaron un papel clave en asegurar las elecciones de una sucesión de primeros ministros israelíes.

El agradecido líder de los Lubavitchers, el difunto rabino Menachem Mendel Schneerson, predijo una vez que Gutnick descubriría diamantes y oro en el desierto australiano y ndash una predicción que el Sr. Gutnick incluyó en videos promocionales que mostró a sus corredores de Datek, quienes se referían a él. como & ldquoDiamond Joe. & rdquo

En 1993, el Sr. Gutnick fue el más ferviente oponente israelí de los Acuerdos de Paz de Oslo, y sus organizaciones benéficas luego orquestaron gran parte del edificio israelí en los territorios ocupados de Palestina, ayudando a provocar el radicalismo palestino y el surgimiento de Hamas y la Jihad Islámica Palestina.

En 1999, la revista Barron & rsquos denunció a Gutnick por usar sus organizaciones benéficas para lavar dinero y manipular acciones para personajes como Judah Wernick, el compinche de Milken que fue acusado por su papel en un plan de manipulación de acciones de $ 200 millones que dirigió con el compinche de Milken, Randolph Pace. , quien (recordemos) luego estaría implicado en el escándalo que vio a la mafia rusa y al gobierno ruso lavando dinero a través del Banco de Nueva York.

Datek Securities fue fundada en la década de 1980 por un hombre llamado Omar Amanat. Mr. Amanat was also the founder of Lightspeed, which provided a trading platform to Tuco Trading. Those 2 billion shares (equal to 20 percent of the volume of the largest brokerage on the planet) were mostly transacted on the Lightspeed platform.

In the fall of 2010, I had not yet received confirmation that a certain Iranian fellow was behind the two accounts that traded the 2 billion shares. But I knew that Mr. Amanat (founder of Datek, whose former vice president bought Madoff&rsquos brokerage and designer of Tuco&rsquos Lightspeed trading platform) was also the founder of Bridges TV, an American television network devoted to broadcasting Islamic teachings and other programming that is ostensibly of interest to Muslims.

Omar Amanat&rsquos brother, Irfan Amanat, who co-founded Datek, now lives in Dubai, where he is partner in MNA Partners, which is run by Kamal Tayara, the founder off the Alarabiya News Channel, which does a good job of cataloging the atrocities committed by American troops in Iraq, stressing that Al Qaeda&rsquos crimes pale in comparison.

There is, of course, nothing wrong with Islamic television. It&rsquos better than &ldquoDukes of Hazard&rdquo reruns. I include Bridges in this story only because people choose their business partners and the company they keep, and it is probably no coincidence that Omar Amanat (founder of Datek and Lightspeed) chose as his partners in Bridges TV two men &ndash Muzzammil Hassan and Nihad Awad.

Mr. Hasan served as Bridges CEO until he chopped off his wife&rsquos head.

He chopped off his wife&rsquos head because he was a radical jihadi and he believed that it was a matter of honor to chop off the head of a disobedient wife. This would have been legal in Taliban-ruled Afghanistan, but it&rsquos against the law in California, so Mr. Hassan is now in prison.

Meanwhile, Mr. Awad, the other partner in Bridges, is a jihadi who is a member of both Hamas and the Muslim Brotherhood. He is a close associate of Palestinian Islamic Jihad leader Sami-al-Arian and the Blind Sheikh, mastermind of the 1993 terrorist attacks on the World Trade Center.

Mr. Amanat knew this when he chose Mr. Awad as his partner because Mr. Awad had been the chief propagandist for a Hamas-linked outfit called the Islamic Asssociation of Palestine, and he was under investigation (and soon to be named as an unindicted co-conspirator) in the government&rsquos case against the Holy Land Foundation, which was the principal front for Hamas in the United States.

Court documents from that case noted also that Mr. Awad had attended a secret meeting for 20 Hamas leaders that was held in 1993 at a Marriot Hotel in Philadelphia. The FBI secretly monitored and recorded this meeting, so we know who was there, and what was said.

There is one thing the people at this meeting did not say &ndash the word, &ldquoHamas.&rdquo Instead, they said, &ldquoSamah,&rdquo which is Hamas spelled backwards, an attempt to use coded language to disguise the purpose of this meeting, which was to advance the Hamas political agenda and figure out ways to derail the Oslo Peace Accords.

Perhaps they even had assistance in this effort from Diamond Joe a.k.a. the Golden Rabbi. Spend some time in any war zone and you will see that avowed enemies often collaborate to fuel the conflict from which both sides profit. It is, in fact, widely accepted that right wing factions of the Israeli government were at this time nurturing Hamas as an alternative to the Palestinian Liberation Organization.

The Hamas leaders at the secret meeting also discussed ways to advance the Grand Jihad to &ldquosabotage the West&rsquos miserable house from within.&rdquo The document that described that Grand Jihad was presented by prosecutors in the Holy Land Foundation case.

One of the attendees at the secret meeting, Abu Baker, noted that the jihad against the United States would have to be conducted by stealth. &ldquoWar is deception,&rdquo he said. &ldquoDeceive, camouflage&hellipDeceive your enemy.&rdquo

Nihad Awad (future partner of Datek Securities founder Omar Amanat) was at the secret meeting in his capacity as the deputy director of the Islamic Association of Palestine, which was the propaganda arm of Hamas in the United States, principally tasked with that &ldquodeception&rdquo and &ldquocamouflage.&rdquo

Also at the meeting was Awad&rsquos boss, Islamic Asssociation of Palestine President Omar Ahmad. The FBI recorded these two men plotting ways to keep the Blind Sheikh out of prison, despite the fact that he had been implicated in the 1993 World Trade Center attack.

Which is not surprising because the Blind Sheikh (Osama bin Laden&rsquos most important spiritual inspiration) had been living in Ahmad&rsquos house (free room and board) while he was plotting other terrorist atrocities. This is the same Blind Sheikh who first called on jihadis to destroy American corporations and the American economy.

I do not mean to suggest that Mr. Amanat, the Datek and Lightspeed founder, is a terrorist. But he definitely knows some terrorists, and seems to be on exceedingly good terms with them.

It is therefore of some concern that aside from founding Datek and Lightspeed, Mr. Amanat was the founder of Island, the largest Electronic Communications Network (ECN) in America. And he has been a founder or key consultant to nearly every other major ECN.

Since ECNs act like their own private stock exchanges and enable stock manipulators to operate in anonymity, they are cited by experts in threat finance as among the bigger loopholes that could be exploited by financial terrorists.

As it were, Irfan Amanat used one of his Electronic Communications Networks to engage in a massive market manipulation scheme &ndash precisely the sort of scheme that worries experts in threat finance. This scheme was carried out in September 2001, in the days before and after the Al Qaeda attacks on the World Trade Center. While the timing may have been a coincidence, there is no question that Mr. Amanat&rsquos attacks did serious damage to the markets.

The scheme involved MarketXT, a trading firm and Electronic Communications Network founded by Irfan Amanat and his brother Omar. According to the SEC, in September 2001, Irfan Amanat and MarketXT deployed &ldquoa [computer] program without any arbitrage features&hellipThe program, dubbed &lsquoRLevi2&rsquo, automatically placed buy or sell orders at timed intervals&hellipIn other words, wash trades and matched orders were the result of the program&rsquos design.&rdquo

Strangely, the SEC wrote that Irfan&rsquos wash trades were &ldquomarket manipulation&rdquo but it did not charge him with that crime. In response to the SEC&rsquos claim that this was a &ldquomarket manipulation&rdquo scheme, Mr. Amanat said that his RLevi2 computer program was not meant to manipulate the markets massively (as it appeared), but was instead designed &ldquosolely to generate tape rebates&rdquo (i.e. rebates that stock exchanges pay to traders who generate massive volumes).

The SEC clearly did not accept this explanation. That&rsquos why it stated unequivocally in its charges against Amanat that he had &ldquomanipulated the markets.&rdquo But the SEC seems incapable of ever actually charging anyone for market manipulation, and so the commission charged Amanat of only the lesser crime of using wash trades to generate tape rebates.

Mr. Amanat&rsquos scheme (like that of Al Qaeda man Naresh Patel) was, in fact, blatant market manipulation &ndash a scheme that created the illusion of massive volume, and did servere damage to stock prices by specifically targeting Exchange Traded Funds (ETFs). As I noted at the outset of this story, threat finance experts worry about ETFs because their high leverage amplifies the impact they have on the markets.

The biggest player in the world of ETFs is Michael Sapir. He invented them. He is also, I believe, a relative of Russian Mafia boss Tamir Sapir, who runs an outfit called The Sapir Organization. Tamir Sapir is also a partner in Bayrock, the alleged money laundering outfit run by Russian Mafia boss Felix Sater (the guy said to have sold weapons to Al Qaeda).

By his own admission, Sapir used to be primarily in the business of selling electronics equipment to KGB operatives in New York. His partner in the electronics business was Semion Kislin, uncle of the above-mentioned Arik Kislin. Like his nephew, Semion has beenassassinated on a Moscow street in 2009, shortly after revealing that he had long been employed by the Russian intelligence services.

Note: I do not have a birth certificate or DNA test confirming the relationship between the two Sapirs, so there is chance that I am mistaken about this, but I am going to go out on a limb and report it anyway because some of Michael Milken&rsquos associates have told me that the two men are related. Michael Sapir&rsquos spokesman refused to comment on the record.

Tamir Sapir&rsquos spokesman said &ldquoThe Sapir Organization is very private, we don&rsquot provide that sort of information.&rdquo Then &mdash &ldquoclick&rdquo &ndash he hung up the phone.

The other innovator of ETFs, and the second biggest provider of them after Mr. Sapir, is Michael Steinhardt&rsquos Wisdom Tree Investors. Steinhardt, we know, is the son of the &ldquobiggest Mafia fence in America&rdquo (as the Manhattan DA put it) and as Steinhardt himself has disclosed, he started his hedge fund with money from the Genovese Mafia, and two fellows who were on close terms with the regime in Iran &mdash Marc Rich and Ivan Boesky.

Steinhardt&rsquos partner in Wisdom Tree is the son of Saul Steinberg, who in addition to being a key player in the junk bond merry go round that Milken ran in the 1980s, also ran a fund with finance from Zev Wolfson, the guy who funded the above-mentioned A.R. Baron (Datek&rsquos clearing firm) and numerous other Mafia brokerages.

So, another summary: in September 2001, Mr. Amanat was busted for using his ECN and his &ldquoRLevi2&rdquo computer program to generate massive volumes of wash trades (the same sorts of wash trades conducted in 2008 through Man Financial by Al Qaeda man Naresh Patel). Mr. Amanat was doing this, the SEC said, to &ldquomanipulate the markets.&rdquo

Yet, at the same time, the SEC accepts the explanation that he was not trying to manipulate the markets. He was trying to generate rebates from the exchanges. Which makes no sense, because he wasn&rsquot just churning stocks, he was specifically targeting Michael Steinhardt and Michael Sapir&rsquos highly leveraged ETFs, trying to inflict as much damage as possible.

Is Mr. Amanat a financial terrorist? I know he&rsquos part of the Milken network, and that&rsquos all I need to know to report that he is a threat to the national security of our &ldquomiserable house.&rdquo Decide for yourself.

However, it is probably a good idea to keep a particularly close eye on people who have not only inflicted massive damage on the markets coinciding with the collapse of the World Trade Center, but have also chosen to do business with a Hamas operative (Nihad Awad) who plotted to help the Blind Sheikh, mastermind of the first attack on the World Trade Center, stay out of prison. This after the Blind Sheikh had been living in the house of Awad&rsquos boss.

Of course, when Mr. Amanat&rsquos Datek came under investigation for its ties to Mafia characters like Martin Clainey a.k.a. Phillip Gurian, it was quickly purchased by one of Milken&rsquos closest associates, a guy named Steven Schonfeld, who was formerly a principal at the Milken-financed Blinder, Robinson (the outfit known as Blind&rsquoem and Rob&rsquoem, indicted by the DOJ for manipulating stocks with the likes of Mafia capo Thomas Quinn).

Schonfeld bought all of the assets of Datek (including the executives who had handled the accounts of the Mafia) and folded them into a new outfit called Heartland.

Schonfeld is now the owner of one of the nation&rsquos largest hedge fund and brokerage empires. He also has a securities rap sheet a mile long, having been fined by the Financial Industry Regulatory Authority for everything from naked short selling to bribing stock loan executives at major brokerages.

Once paid off by Schonfeld, the stock loan guys would routinely vouch that there was stock available to be borrowed (the necessary prerequisite for a legal short sale), when in fact there was no such stock. It is fair to say that a hedge fund manager implicated in a scandal such as this is managing a large scale market-demolition operation. Indeed, it is fair to say that Schonfeld belongs in jail.

Since Schonfeld is one of Michael Milken&rsquos closest associates, it is unsurprising that SEC filings show that he regularly trades in league with others in the network, including Steve Cohen of SAC Capital and the Man Group, owners of Man Financial (which, like Lightspeed, provided a trading platform to Tuco).

It is also worth noting that in 2008, Schonfeld was a co-owner of Lightspeed, the Omar Amanat outfit that provided Tuco Trading with one of its trading platforms, and transacted those 2 billion shares. And there are many reasons to believe that the trading conducted through Lightspeed was manipulative short selling.

One reason to believe this is that FINRA ultimately fined Lightspeed after finding that at the height of the financial collapse in September 2008, Lightspeed had transacted massive volumes of &ldquoshort sales of financial institution securities on behalf of customers in contravention of the Commission&rsquos [the SEC&rsquos] emergency order of September 18, 2008 that provided that &lsquoall persons are prohibited from short selling any publicly traded securities of any included financial firm.&rsquo&rdquo

Under normal circumstances, FINRA refers such cases to the DOJ and the SEC, which investigate further and decide whether to press civil or criminal charges. But before the SEC or the DOJ could investigate this case, Schonfeld sold Lightspeed to Penson Financial.

Meanwhile, as we know, the guy who used to help run Datek (Omar Amanat&rsquos Mafia outfit, purchased by Schonfeld when it came under investigation) bought Madoff&rsquos operation, ensuring that nobody would investigate how all of these brokerages were tied together and processed massive volumes of trades at the height of the financial crisis in 2008.

In the Fall of 2010, I was beginning to understand how this network was tied together, so I called the jihadi and Tuco trader Zuhair Karam again. This time Zuhair was little bit more forthcoming. He confirmed that he knew Omar Amanat and many of those Hamas leaders who attended the secret meeting in 1993. He suggested that my tip about an Iranian being behind those 2 billion shares might be right, but he still would not elaborate.

Only later would I learn the identity of that Iranian. But after talking to Zuhair, I recalled some information that a former spy had given me when I first began investigating the Milken network in 2006. The former spy had spent a number of years tracking the Milken network, but when I met him, I did not realize the importance of what he was telling me.

In fact, I pretty much ignored that former spy, and did not return to his information until the Fall of 2010, when it was too late. This is one of my life&rsquos great regrets because this former spy was telling me, in a nutshell, that the Milken network was going to wreck the economy.

What, precisely, did that former Israeli spy tell me? How did I come to meet him in the first place? Well, this requires some explanation.

To be continued&hellip

This story was first published on Deep Capture. Deep Capture features original investigative reporting on the all-too-cozy relationship Wall Street has with regulators, media, government and the intellectual establishment.


Contenido

Zuhair Karam is an alias. I have chosen not to use his real name for now because he has begun to cooperate with our investigation. However, I intend to publish the names of all the other people affiliated with his brokerage, along with details about their backgrounds and activities. In addition, I will, in upcoming chapters, provide complete data and information to support the allegation that Tuco contributed to the financial crisis. That data and information can only be understood, however, in light of other information that I must present first.

I did not know if Zuhair Karam was violent, but I telephoned him because I thought his biography was interesting. For example, it was interesting that soon after making a home in Illinois, Zuhair Karam obtained finance to publish a semi-famous work of jihadi propaganda, and soon thereafter, became (without any relevant experience) a proprietary day trader of equities and derivatives at a small, unregistered brokerage in Chicago called Tuco Trading.

Most of the other people who operated through Tuco Trading also had interesting biographies. Among them (just to name a few) were a Russian Mafia figure who is knowledgeable about a brutal gangland-style murder in New Jersey the top lieutenants of a Russian Mafia kingpin and oligarch who have been accused by U.S. officials of having ties to the Russian government’s intelligence apparatus and an Iranian fellow whose family has high-level ties to Palestinian Islamic Jihad, and the terrorist-sponsoring Revolutionary Guard in Tehran.

Meanwhile, Zuhair’s little brokerage, Tuco Trading, maintained partnerships with several other brokerages, all of which had close business relationships with people of similarly colorful backgrounds. Among them were multiple associates of La Cosa Nostra numerous traders with ties to the Russian Mafia and a jihadi who not only was Al Qaeda’s most important financier, but also operated a secret bomb factory in a Chicago warehouse district before the U.S. government named him a “Specially Designated Global Terrorist”.

Many top employees of these partner brokerages were similarly colorful. They included a fellow who once worked for a man who commands a private army in Lebanon another guy who had participated in an ill-fated scheme to topple the government of Afghanistan in league with heroin-smuggling warlord who worked closely with Iran and an Iranian trader whose family was, for much of the 1990s, flying cargo planes filled with gem stones from a remote Illinois runway, in partnership with a money launderer tied to Hezbollah, the jihadi outfit that receives support and direction from the regime in Tehran.

Aside from the amazing backgrounds of this cast of characters, it was also interesting that Tuco Trading was closed by an “Emergency Order” of the SEC on March 9, 2008 — just a few days before the March 13 collapse of Bear Stearns. Not that the SEC had any idea what was happening at Tuco the Commission seemed primarily concerned that the brokerage was massively exceeding margin limits. What the SEC seems to have missed (though a report by Tuco’s bankruptcy receiver made it clear) was that in the month before it was shut down, this tiny, unregistered brokerage transacted trading equal to more than 20 percent of the volume of the largest brokerage on the planet. Moreover, data and other evidence obtained by Deep Capture suggests that most of this massive deluge was aimed at manipulating the stock prices of America’s largest financial institutions, including Bear Stearns.

In other words, there is good reason to believe that Zuhair’s strange, little brokerage with all of its odd connections, contributed to the 2008 financial cataclysm that nearly brought the United States to its knees.

As for Zuhair Karam – well, I didn’t know enough about him, but I knew a little. For example, I knew that he was born in Lebanon, and had recently spent some time in South Africa, where he had told people that he was a recovering drug addict. There is some doubt as to the accuracy of that claim. Some say Zuhair never touched drugs. But there is no doubt that he was doing something in South Africa when he came to be attached to an Islamic cleric named Sadathullah Khan, who tells the media that he is “moderate” – a term that, of course, has different connotations depending on your perspective.

From the perspective of Osama bin Laden, Sadathullah Khan might be moderate. Some people, though, say that Sadathullah Khan is an extremist. Certainly, he has close ties to an outfit called the Supreme Council of Global Jihad, which espouses violence. And one of Sadathullah Khan’s closest associates is a cleric named Zakir Naik, who has preached that “Every Muslim should be a terrorist.”

When he talks to the Western press, Zakir Naik, says he is not fond of Al Qaeda, but in a video made for his followers, he said, “If Osama bin Laden is fighting the enemies of Islam, I am for him…If he is terrorizing America the terrorist, the biggest terrorist, I am with him.” Backing his words with actions, Imam Naik served as the mentor to Najibullah Zazi, an Al Qaeda operative who was arrested in 2009 shortly before carrying out a plan to plant explosives in the New York City subway system.

Imam Naik was banned from entering the United Kingdom after he was deemed to be immoderate, but the United States still grants him visas (he hasn’t blown up anything yet) and it is just a matter of time before he will return to Chicago, where he once gave what he calls “my most famous speech” at a gathering organized by an outfit linked to the Bridgeview Mosque, a house of worship in Bridgeview, a middle-class neighborhood on Chicago’s south side.

When he returns to Chicago, Imam Naik will likely meet Zuhair Karam, who, in addition to his work as a financial operator, has been fairly prominent among the small band of jihadis who congregate at the Bridgeview Mosque, where Zuhair’s relative helps run day-to-day operations. The Bridgeview Mosque, it should be said, serves thousands of ordinary people, most of whom probably harbor no politics other than a desire for peace. But there was a time not long ago when the mosque’s imam regularly gave fiery sermons urging jihadi freedom fighters to take up arms.

The sermons were toned down after the FBI began investigating, but it is still widely assumed by terrorism experts that the Bridgeview Mosque’s top officials (including Zuhair’s relative) are members of the Muslim Brotherhood, an outfit whose leaders in the West have provided material support (including money, personnel, and sometimes weapons) to Al Qaeda. Since the Muslim Brotherhood is a secretive organization, there is no way to confirm with absolute certainty that the Bridgeview Mosque’s directors are, indeed, members, but there are plenty of reasons to suspect that they are.

One reason is that the Bridgeview Mosque has been among the chief benefactors of jihadi groups closely tied to the Muslim Brotherhood. For example, according to the Chicago Tribune and others, the mosque was one of the most important funders of Palestinian Islamic Jihad, an outfit that was spawned by the Muslim Brotherhood and also takes directions from the regime in Iran. Zuhair Karam and his relatives are close family friends of Sami al-Arian, who was the U.S. leader of Palestinian Islamic Jihad until his 2003 indictment on terrorism charges. As Rachel Ehrenfeld, the director of the American Center for Democracy first reported, FBI investigators suspect that Sami al-Arian provided support to the Al Qaeda hijackers who carried out the 9-11 attacks on the World Trade Center and the Pentagon.

The Bridgeview Mosque was also one of the principal supporters of the Holy Land Foundation, which was indicted on terrorism charges in 2007 after prosecutors demonstrated that it was the principal U.S. front for Hamas, another Muslim Brotherhood creation that receives support from Iran. The mosque’s directors, meanwhile, help administer investment funds worth billions of dollars controlled by the North American Islamic Trust, an investment bank that has been tied to the Muslim Brotherhood and was named as an unindicted co-conspirator in the government’s case against the Holy Land Foundation.

The Bridgeview Mosque and the Muslim Brotherhood were also involved with a “charity” called The Benevolence International Foundation, which was actually an Al Qaeda front, founded by Osama bin Laden’s brother-in-law. According to federal prosecutors, Benevolence was “involved in terrorist activities” and had contacts with “persons trying to obtain chemical and nuclear weapons on behalf of Al Qaeda.”

More to the point of this story, Mark Flessner, a former U.S. prosecutor who was at the front lines of the government’s “war on terrorism”, says that the Bridgeview Mosque is a “gold mine of information about terrorist finance.” So, obviously, I wanted to know more about Zuhair Karam’s little brokerage, Tuco Trading. Not only because of its ties to jihadis, but also because of its ties to La Cosa Nostra and, more importantly, to Russian Mafia figures who have become quite politicized and are eminently hostile to the United States.

Unfortunately, when I called Zuhair for the first time in September of 2010, our conversation did not go well. Zuhair began by demanding to know how I had come to possess his telephone number. I told him, quite honestly, that I had found his phone number in the White Pages, but he refused to believe me. When I explained that I had some questions about the little brokerage where he had worked, he insisted that he didn’t know anything about the brokerage, and he said that he did not know anyone else who worked there.

After some additional prodding, Zuhair began to plead. He said, “Look, man, I’m just one of the little guys.” I said, “Yes, I know, but let’s meet anyway, I can tell you more about this investigation.” Zuhair seemed already to know about some investigation. He said, “Shit, man, I thought this was over.” Which seemed strange to me because the only investigation I knew about was the investigation that I was conducting. But I wanted to be helpful, so I said, “Let’s meet, I can tell you more about it.”

Zuhair paused. He seemed to be figuring it all out. Finally, he said, “You’re not a journalist, that’s for sure, man, tell me who you are…Are you an Arabian?” No, I am not an “Arabian” – that’s what I told Zuhair Karam. I said there’s this investigation, I have information. I told Zuhair I could come down to the mosque to meet him. And I said I’d also like to meet Zuhair’s father, Haaz Karam, who helped run the mosque.

Zuhair said, “He’s not my father.” So I said, “Sorry, your relative.” And Zuhair said, “Yeah, so…what is this? Man, the FBI — you say you’re a journalist, why do you know about the investigation? That just isn’t right…the FBI…man, I’m telling you, I’m just one of the little guys…the FBI…the FBI can come, let them come, they know where I live, let them come, let them try – see if I care.”

In his 2010 report to Congress, Admiral Dennis Blair, who was then the U.S. director of national intelligence, outlined one of the biggest threats to America’s economic well-being and national security. He began by noting that a number of organized crime outfits are closely intertwined with the intelligence services and government leaders of some countries (such as Russia) that are considered to be adversaries of the United States. He then stated that “the nexus between international criminal organizations [the Mafia] and terrorist groups [including Al Qaeda]…presents continuing dangers.”

In the same breath, the national intelligence director warned that organized criminal outfits [the Mafia] are “undermining free markets,” and “almost certainly will increase [their] penetration of legitimate financial and commercial markets, threatening U.S. economic interests and raising the risk of significant damage to the global financial system.”

Let me stress the implications of what the national intelligence director was saying. He was saying that the Mafia (and, by inference, the jihadi groups and rogue states that maintain ties to the Mafia) have the capability to disrupt the financial markets and harm the American economy. The only question is: have they already done so?

While America’s media and financial regulators seem largely uninterested in that question, some in the national security community are devoting a lot of attention to it. A 110 page report commissioned by the Department of Defense Irregular Warfare Support Program even goes so far as to state that there is a reasonably high likelihood that the economic cataclysm of 2008 was worsened by politically motivated “financial terrorists intent on wiping out the American financial system.”

The report (a copy of which can be found at DeepCapture.com) states with good reason that the weapons most likely to be used by prospective financial terrorists are so-called “naked” short selling and other forms of short-side market manipulation.

Short selling is a perfectly legitimate practice. It involves traders borrowing shares and then selling them, hoping the price will drop so that they can repurchase the shares at a discount, return them to the lender, and pocket the difference.

In “naked” short sales, traders do not borrow or purchase stock before they sell it. They simply sell what they do not have – phantom stock. You probably can imagine how easy it is for someone to suppress the price of a security if they are able to swamp a market with artificial supply.

Of course, by definition, if people are selling a phony supply of a security, then they cannot be delivering what they are selling. Regulators and Wall Street folks call this “failure to deliver.”

There are, in fact, a variety of methods that can be deployed to create “failures to deliver.” There are technical differences among the methods, but all share this one basic idea: generate “failures to deliver” that act as phony supply to drive down a security’s price. Because “naked short selling” is the most famous of these methods, and because the differences among it and the other methods are generally so technical as to interest only experts, I intend to refer to this whole class of methods as “naked short selling”, or even more generally, “market manipulation.”

As the report commissioned by the Defense Department correctly points out, foreign governments or terrorist groups wishing to manipulate the markets would not have to do the dirty work themselves. They would need only to invest in one among the multitude of American hedge funds that have ties to organized crime and that have demonstrated that they are willing to deploy financial weapons of mass destruction for fun and profit.

Under one scenario described in the Defense Department report, “a terror group could direct investments to a feeder hedge fund. The feeder fund would locate a Cayman Islands based hedge fund on their behalf that was predisposed to sell short financial shares. With sufficient new money, the hedge fund would expand its short selling activity (naked and traditional) and trade through dark pools or with sponsored access. At the same time, the same terror group might invest heavily in [credit default swaps] of the targeted short sales…”

Experts painted similar scenarios in testimony before a September 2010 informal meeting of the House Committee on Homeland Security. These experts were unanimous in their opinion that a hostile foreign entity could crash the U.S. financial markets. And to do so, it would most likely engage in manipulative trading through one of several shady brokerages that offer platforms – such as dark pools or so-called “sponsored access” – that enable miscreant financial operators to trade in anonymity.

Partly because such trading platforms exist, and for several other reasons (see Patrick Byrne’s Deep Capture story, “A Peace Sign to Wall Street”), SEC data reflects only a fraction of the naked short selling that occurs in the markets. But even the SEC’s partial data show that an average of 2 billion shares “failed to deliver” nearly every day in the months and weeks leading up to the 2008 market meltdown. Those shares, as I have explained, “failed to deliver” because they were phantom shares – artificial volume that drove down stock prices.

The SEC’s incomplete data also shows that more than 13 million shares of Bear Stearns sold short during the week before that bank’s demise in March 2008 failed to deliver. Soon after Bear Stearns collapsed, the CEOs of Morgan Stanley, Merrill Lynch, Lehman Brothers, and other major financial institutions began complaining to the SEC that naked short sellers had caused the demise of Bear Stearns and were now targeting their own banks.

We need to take seriously the complaints of the Wall Street CEOs because they were intimately familiar with the crime of naked short selling. Many of their own brokerages had engaged in it. When people are raising hell about a crime that has previously lined their pockets, it is reasonable to assume that they have some idea what they are talking about.

Moreover, the Wall Street CEOs continued to demand that the SEC take action against the market manipulators even after their high-paying hedge fund clients (some of whom might themselves have been naked short sellers, others of whom were merely inclined to object to stronger regulation of any sort) asked the CEOs to stop their campaign. When the CEOs continued to complain about the naked short selling, many of their big hedge fund clients began to pull their business in protest. It goes without saying that Wall Street CEOs do not sacrifice large chunks of their profits to speak out against crimes that do not exist.

On July 15, 2008, the SEC responded to the Wall Street CEOs by issuing an “Emergency Order” that temporarily protected 19 of the nation’s largest financial institutions from naked short selling. The banks’ stock prices immediately soared in value, and it looked like a major crisis had perhaps been averted.

Amazingly, though, the SEC lifted its “Emergency Order” just weeks later, on August 12. The next day, the naked short sellers resumed their attacks. The SEC’s own data (which, again, incompletely reflects the full magnitude of the problem) shows failures to deliver rising steadily from August 12 onwards, and these failures to deliver correspond directly to the downward spiral of stock prices. According to the SEC’s partial data, Lehman Brothers saw an astounding 30 million of its shares fail to deliver during the week before the bank collapsed on September 15, 2008.

And make no mistake: Lehman may well have survived if it were not for the naked short selling and other attacks (such as the seemingly deliberate insertion of damaging false rumors into the marketplace) that hammered its stock price. In the weeks before its collapse, the bank had plenty of liquidity to remain a going concern, and it had deals in the pipeline that would have enabled it to raise capital. But the freefall of Lehman’s stock price and other maneuverings by short sellers derailed those deals, and panicked clients pulled their cash. Only then was Lehman forced to declare bankruptcy.

Lehman was not a healthy bank, to be sure, but it had survived plenty of bouts of ill health. It had also survived worse economic downturns, though it had never faced a stock market crash of such magnitude.

And nearly every other major bank, regardless of its health, faced precisely similar fates during the gory month of September, 2008. All seemed doomed to collapse until the SEC issued another “Emergency Order” on September 18, this time banning all forms of short selling, legal or otherwise.

There was no reason to ban legal short selling (a crackdown on illegal naked shorts would have been enough), but the Emergency Order gave the markets some breathing room while the Treasury Department prepared the massive bailouts that signified that the government would not allow any more banks to collapse, no matter what sort of attacks might be directed at them.

As the authors of the report for the Defense Department’s irregular warfare unit conclude, there is no question that short-side market manipulators contributed to the collapse or near-collapse of many of America’s largest financial institutions in 2008. The report states further that “the [short selling] attacks on [America’s biggest banks] were so brazen that it is difficult to imagine that they were uncoordinated.”

And it wasn’t just the banks that were attacked. The SEC’s partial data shows that there was also massive naked short selling of exchange traded funds, or ETFs. These are publicly listed funds that are often highly leveraged and typically trade a basket of multiple stocks across a given industry. When market manipulators attack an ETF, they inflict damage on the entire industry that the fund indexes – and the high leverage magnifies the impact.

Meanwhile, there is strong evidence that the markets for U.S. government debt have also come under attack. The first naked short selling assault on U.S. Treasuries was launched in September 2001, at the time of Al Qaeda’s attacks on the World Trade Center and the Pentagon. In the months and weeks before the 9-11 tragedy, a daily average of $1.5 billion worth of U.S. government bonds failed to deliver. On the days immediately before 9-11, the daily failures to deliver soared to an astounding average of $1.5 trillion and continued to rise in the days after the attacks.

This was new and unusual market manipulation on a Herculean scale, but it was even worse during the months leading up to and following the 2008 crisis, when an average of $2.5 trillion worth of U.S. Treasuries failed to deliver every day. The authors of the report for the Defense Department speculate that financial terrorists, having precipitated the financial crisis, might have intended to attack the government bond markets in an attempt to bankrupt the national treasury.

The media fails to give sufficient attention to these problems, insisting instead on reinforcing the narrative that the financial crisis was in essence caused by “reckless” lending to home buyers who could not pay back their mortgages. It is correct that the financial crisis of 2008 had its proximate cause in the collapse of the mortgage and property markets a year earlier, but that is only the surface of the story.

The Financial Crisis Inquiry Commission (FCIC) made clear in its January 2011 report to Congress that the principal cause of the mortgage and property disaster was the freakish collapse in 2007 of the market for collateralized debt obligations (CDOs), which are packages of mortgages that trade like securities. And as the FCIC also made clear, the collapse of the CDO market was by no means inevitable. Nor did it have much to do with “predatory” lending or the quality of most subprime mortgages. Rather, the problem was that more than half of the CDOs issued in 2006 and 2007 were so-called “synthetic” CDOs, every single one of which was deliberately designed to self-destruct.

That is, just a few firms that specialized in marketing “synthetic” CDOs worked with a select number of bankers and short sellers to hand-pick a relatively small number of mortgages that were certain to default. The miscreants then packaged bets against those relatively few toxic mortgages into so many self-destruct CDOs that they came to account (I must repeat) for more than half of the overall market. It is not quite correct to say this was phantom supply similar to what is generated by naked short selling. But there is no question that the “synthetic” CDOs created a market that was, alas, “synthetic.” It was a market overwhelmed by a supply of instruments that purported to contain representative samplings of an underlying asset (subprime mortgages) that a reasonable person might expect to have some value, but which actually contained (as only the short sellers knew) assets that were worth zero. That is, a small number of miscreants effectively flooded the market with massive volumes of synthetic toxicity.

As these miscreants surely knew, the self-destruct CDOs would, indeed, self-destruct, and thereby wipe out the overall market for CDOs, causing property values to crash. And when that happened, the banks that owned a lot of CDOs or property would be weakened. They would not be so weak that they had to die. But their weakness would create negative sentiment that could be turned into a panic if miscreants were to circulate exaggerated rumors about the banks’ problems and unleash waves of naked short selling that would send stock prices into death spirals.

In short, the report commissioned by the Department of Defense Irregular Warfare unit was correct to note that the financial crisis that nearly destroyed the nation went “far beyond normal expectations…” The authors of this report were also right to note that all of the events that precipitated the financial cataclysm raise “serious questions about whether this was a purposeful attack and if so, by whom, and why?”

By whom? ¿Y por qué? Over the next several weeks, Deep Capture will be publishing the remaining chapters of this book-length story, which is the product of a year-long investigation into the underworld of financial crime and the vulnerability of the U.S. economy to malicious attacks. To that first question – by whom? – we do not have all the answers, but we have quite a few. That is, our investigation has led us down many paths, but they all seem to circle back to a distinct network of miscreant financial operators. Some of these miscreants work for obscure, unregistered outfits like Zuhair Karam’s brokerage, Tuco Trading. Others are powerful American hedge fund managers.

In coming installments of this story, I will name all of the colorful characters affiliated with Tuco Trading, and tell you who was responsible for its massive short selling deluge in 2008. (I am not trying to create suspense it is simply that there is other ground that we have to cover for you to understand the significance of who these Tuco characters were).

And Tuco is not the only strange financial firm in America. A surprising number of people in the broader network that I will describe have ties to jihadi groups, including, in some cases, Al Qaeda. In addition, a number of financial operators in this network have disturbing ties to the governments of rogue states, such as Russia and Iran. And nearly all the people in this network have ties to the Mafia.

In other words, this is a colorful network. And though it would be a stretch to say these people were the cause of the financial crisis, there is no doubt that many of them contributed to that cataclysm. The rest, meanwhile, have both the capability and the inclination to do considerable more damage.

As to the Defense Department report’s second question – why? – I have no good answers. And ultimately, the question might be irrelevant. The damage to the economy is the same whether it has been done in the name of profit or jihad in the name of terror, geopolitics, another billion bucks, or nothing more than the fun of the game The miscreants who will be described in this story come in many stripes, but they are all, every one of them, a threat to American prosperity and our national security.

In our next installment, we learn a bit more about Zuhair Karam* and his friends, including a jihadi who inserted Al Qaeda spies into the U.S. military and then set up a financial weapon of mass destruction for use against the markets.


Ver el vídeo: Informativos 9 19 de junio de 2012


Comentarios:

  1. Burgess

    Considero, que estás equivocado. Hablemos de esto. Envíame un correo electrónico a PM, hablaremos.

  2. Avent

    Lo siento, pero creo que estás cometiendo un error. Vamos a discutir.

  3. Zani

    pensamiento muy útil

  4. Kenrick

    Es simplemente una excelente frase

  5. Met

    Lo siento, pensé, y borré la frase.



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