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German Firm Probes Final World Trade Center Deals
Reuters ^ | 12/16/2001 9:24 pm ET | Erik Kirschbaum

Posted on 12/16/2001 8:29:22 PM PST by grimalkin

PIRMASENS, Germany (Reuters) - German computer experts are working round the clock to unlock the truth behind an unexplained surge in financial transactions made just before two hijacked planes crashed into New York's World Trade Center on September 11.

Were criminals responsible for the sharp rise in credit card transactions that moved through some computer systems at the WTC shortly before the planes hit the twin towers?

Or was it coincidence that unusually large sums of money, perhaps more than $100 million, were rushed through the computers as the disaster unfolded?

A world leader in retrieving data, German-based firm Convar is trying to answer those questions and help credit card companies, telecommunications firms and accountants in New York recover their records from computer hard drives that have been partially damaged by fire, water or fine dust.

Using a pioneering laser scanning technology to find data on damaged computer hard drives and main frames found in the rubble of the World Trade Center and other nearby collapsed buildings, Convar has recovered information from 32 computers that support assumptions of dirty doomsday dealings.

"The suspicion is that inside information about the attack was used to send financial transaction commands and authorizations in the belief that amid all the chaos the criminals would have, at the very least, a good head start," said Convar director Peter Henschel.

"Of course it is also possible that there were perfectly legitimate reasons for the unusual rise in business volume," he told Reuters in an interview.

PROFITING FROM DISASTER?

"It could turn out that Americans went on an absolute shopping binge on that Tuesday morning. But at this point there are many transactions that cannot be accounted for," Henschel said.

"Not only the volume but the size of the transactions was far higher than usual for a day like that. There is a suspicion that these were possibly planned to take advantage of the chaos."

Nearly 3,300 people were killed in the attacks that destroyed the World Trade Center.

Some 30,000 people in the buildings, symbols of America's financial might, were able to escape between the time the planes crashed and about an hour later when they collapsed -- even though many of the unmanned computers continued working.

The United States blames the al Qaeda group led by Saudi-born Osama bin Laden for the attack and has since waged war on the Taliban regime in Afghanistan that sheltered them.

ADVANCE KNOWLEDGE OF ATTACK?

There are several data retrieval companies in the United States and Europe, but Convar said it has won the lion's share of the contracts from the World Trade Center because of its laser scanning technology.

Convar developed the laser scanner two years ago that made it possible to retrieve data from badly damaged computers.

With a staff of 30 in its high-security facility in Pirmasens near the French border, the firm has worked with the U.S. armed forces in Germany as well as German federal police for the last 15 years.

Its offices in Pirmasens, a town of 36,000 still suffering from the departure of some 4,000 American soldiers stationed here during the Cold War, are closely guarded behind high fences and monitored by dozens of security cameras.

Inside the building, an endless series of code-operated door locks keeps unwelcome visitors away. In the center of the facility is a 120 square meter (1,292 square foot), dust-free "clean room" where the damaged computer drives are coaxed back to life.

Citing client privacy, Henschel declined to say which companies Convar is working for, or provide details about the data retrieved so far. But he said the raw material, up to 40 gigabytes per computer hard drive, is sent immediately by satellite or courier back to New York.

MONEY TRAIL

Richard Wagner, a data retrieval expert at the company, said illegal transfers of more than $100 million might have been made immediately before and during the disaster.

"There is a suspicion that some people had advance knowledge of the approximate time of the plane crashes in order to move out amounts exceeding $100 million," Wagner said. "They thought that the records of their transactions could not be traced after the main frames were destroyed."

The companies are paying between $20,000 and $30,000 for each computer recovered, Henschel said.

The high recovery costs are one reason why only a limited number of hard drives are being examined. Convar has turned down a request by one British newspaper to try to recover personal last hour e-mails sent by someone trapped in the doomed building.

Henschel said the companies in the United States were working together with the FBI to piece together what happened on September 11 and that he was confident the destination of the dubious transactions would one day be tracked down.

"We have been quite surprised that so many of the hard drives were in good enough shape to retrieve the data," he said.

"The contamination rate is high. The fine dust that was everywhere in the area got pressed under high pressure into the drives. But we've still been able to retrieve 100 percent of the data on most of the drives we've received.

"We're helping them find out what happened to the computers on September 11 as quickly as possible. I'm sure that one day they will know what happened to the money."


TOPICS: Crime/Corruption; Front Page News; News/Current Events
KEYWORDS:

1 posted on 12/16/2001 8:29:22 PM PST by grimalkin
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To: grimalkin; rdavis84; aristeides; Plummz; Nita Nupress; thinden; Sal; Boyd
"Not only the volume but the size of the transactions was far higher than usual for a day like that. There is a suspicion that these were possibly planned to take advantage of the chaos."

Don't ask me why, but I smell a disinformation campaign.

2 posted on 12/16/2001 8:36:57 PM PST by Fred Mertz
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Comment #3 Removed by Moderator

To: LLAN-DDEUSANT
The word is deign.
4 posted on 12/16/2001 8:53:50 PM PST by Old Professer
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To: Fred Mertz
Thanks for the ping, Fred. I just stopped in to check the mail so I'll read this one tomorrow.
5 posted on 12/16/2001 8:56:38 PM PST by Nita Nupress
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To: grimalkin
bump
6 posted on 12/16/2001 9:07:04 PM PST by kimosabe31
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To: grimalkin
BUMP
7 posted on 12/16/2001 9:08:30 PM PST by Aurelius
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Comment #8 Removed by Moderator

To: Fred Mertz
I'm not smelling a disinformation campaign, but I would like to know more about this German-based firm, Convar.
9 posted on 12/16/2001 9:20:13 PM PST by Nita Nupress
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To: grimalkin
This story reeks.

Or was it coincidence that unusually large sums of money, perhaps more than $100 million, were rushed through the computers as the disaster unfolded?

How would unusually large transaction volume be known without alternate transaction records? It wouldn't. If there were no evidence the transactions took place, why would Convar be asked to look at the drives. What kinds of transactions were "rushed" through?

support assumptions of dirty doomsday dealings

Assumptions don't happen in a vacuum. Whose computers?

Of course it is also possible that there were perfectly legitimate reasons for the unusual rise in business volume.

Yeah, could have been one of four or five other equally likely things that happened on Sep 11. Right.

"It could turn out that Americans went on an absolute shopping binge on that Tuesday morning. But at this point there are many transactions that cannot be accounted for," Henschel said.

Random Americans just went on a $100 million shopping binge between 8 AM and 9 AM Eastern on Sep 11. That's it. Shopping spree and "move out amounts exceeding $100 million" are quite different things. What was moving out, and to where?

"Not only the volume but the size of the transactions was far higher than usual for a day like that. There is a suspicion that these were possibly planned to take advantage of the chaos."

Pure genius, Sherlock.

Some 30,000 people in the buildings, symbols of America's financial might, were able to escape between the time the planes crashed and about an hour later when they collapsed -- even though many of the unmanned computers continued working.

Meaning whoever runs said computer systems had ineffective redundancy and/or cautionary stand-down procedures. Whoever would take advantage of the situation is scum, but the WTC was a lousy choice for a critical data center, especially if there was no transaction replication to a geographically separate data center. Dumb.

"The contamination rate is high. The fine dust that was everywhere in the area got pressed under high pressure into the drives. But we've still been able to retrieve 100 percent of the data on most of the drives we've received.

Interesting claim. Even low-end drives are exceedingly well sealed. Physical damage severe enough to breach the cases and seals would likely also have badly damaged the disk platters, which would put a big dent in the 100 percent recovery rate.

10 posted on 12/16/2001 10:03:40 PM PST by captain11
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To: captain11
Without taking any time to really look into this story I'd say off-hand that $100 million isn't a particularly large amount for a clearing bank to handle in a day. It could be that some kind of "batch" or "file" was sent just prior to the attacks.

I don't know much about banking processes for credit cards but I know that in securities clearing large "batches" are sent through the systems, usually 1-3 times a day. If you consider what kind of volume Cantor Fitzgerald was doing I would think they would have had $ Billions in daily turnover.

11 posted on 12/16/2001 11:13:19 PM PST by 12B
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Comment #12 Removed by Moderator

To: grimalkin; aristeides; Plummz; Nita Nupress; thinden
First read thru for me says "diversion", but I'll just read any more that comes of it. It almost reads like a Commercial for the German company.
13 posted on 12/17/2001 3:47:45 AM PST by rdavis84
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To: Fred Mertz; Nita Nupress; rdavis84
Convar said it has won the lion's share of the contracts from the World Trade Center because of its laser scanning technology.

Convar developed the laser scanner two years ago that made it possible to retrieve data from badly damaged computers.

maybe somebody ought to dust off ol vince's hard drive and send it over to Convar.

14 posted on 12/17/2001 4:11:30 AM PST by thinden
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To: captain11; 12B
who's pickin up the tab?

at $20K - $30K per hard drive, we're only looking at "recovery" of 3 -5,000 HD's to equal the $100,000,000.00 transactions that were "lost".

how many computers were there in WTC?

how do they decide which computers are chosen for recovery?

15 posted on 12/17/2001 4:18:04 AM PST by thinden
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To: Fred Mertz
Thanks, Fred. We've had so many investigations that turned out to be vacuum cleaners that sucked up evidence, bagged it and disposed of it... where? I had my usual mixed feelings of hope that maybe this time... vs. expectations based on experience. OTOH this just might be making some folks really nervous. Maybe somebody being squeezed. Probably not.
16 posted on 12/17/2001 12:51:56 PM PST by Sal
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To: grimalkin
Bump; interesting story.
17 posted on 12/18/2001 7:38:53 PM PST by Tarakotchi
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To: grimalkin
Another thread
18 posted on 12/18/2001 7:45:26 PM PST by Tarakotchi
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