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Keyword: bnpparibas

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  • Arab Money and the Purchase of a President

    12/30/2012 8:12:10 AM PST · by CharlesMartelsGhost · 7 replies
    Doug Ross Journal ^ | December 30, 2012 | John A. Shaw
    In the run-up to the 2012 election, a story surfaced about an Iraqi billionaire who managed to buy access to Washington policy makers while funding a Chicago Pay-to-Play scheme that helped produce a Governor, a U.S. Senator, and, ultimately, a President of the United States. The story was eight years in the making, yet despite the extent of his political influence, this Iraqi’s name remains widely unknown. He wants it that way. In fact, he has spent millions of dollars to hinder the reporting of his activities by the news media. The lack of attention paid to him, however, is...
  • Obama's Chilling Crew--The legal harassment of those investigating Tony Rezko.

    04/28/2009 5:42:30 AM PDT · by SJackson · 23 replies · 1,672+ views
    Frontpagemagazine ^ | 4-28-09 | Andrew Walden
    Obama's Chilling Crew   By Andrew WaldenFrontPageMagazine.com | Tuesday, April 28, 2009 Why is there so little media investigation of the financing behind Barack Obama’s early political sponsor—and now convicted felon—Tony Rezko?      The dual US-Syrian citizen Rezko--who assisted Obama in the purchase of his Chicago mansion--was heavily funded by loans from Iraqi-British ex-Baathist billionaire Nadhmi Auchi.  According to testimony at Rezko’s trial, Obama met Auchi at an April 3, 2004 event at Rezko’s home during Obama’s 2004 US Senate campaign.  The Times of London reports discovering, “state documents in Illinois recording that Fintrade Services, a Panamanian company, lent...
  • Fed Opens Books, Revealing European Megabanks Were Biggest Beneficiaries (Details you should see)

    12/02/2010 9:30:51 AM PST · by FromLori · 49 replies
    Huffingtonpost.com ^ | 12/1/2010 | Marcus Baram
    NEW YORK -- The Federal Reserve on Wednesday reluctantly opened the books on its monumental campaign to save the financial system in the midst of the recent crisis, revealing how it distributed some $3.3 trillion in relief. The data revealed that the Fed's aid was scattered much more widely than previously understood. Two European megabanks -- Deutsche Bank and Credit Suisse -- were the largest beneficiaries of the Fed's purchase of mortgage-backed securities. The Fed's dollars also flowed to major American companies that are not financial players, including McDonald's and Harley-Davidson, through unsecured short-term loans. The measure, initiated in Jan....
  • Debunking the Carter Ruck defence of British-Iraqi billionaire Nadhmi Auchi ( + REZKO et al)

    07/01/2009 11:09:45 AM PDT · by 1066AD · 5 replies · 346+ views
    Hawaii Free Press / WikiLeaks ^ | 5/29/2008 | Andrew Walden
    May 29, 2008 By Andrew Walden (Hawai'i Free Press) Nadhmi Auchi, seen here with the Governor of Illinois, Rob Blagojevich (middle) at a 2004 Chicago dinner in Auchi's honor arranged by Antonin Rezko (potentially, right)[1]. All three men have been convicted of corruption related charges (Auchi 2003, Rezko 2008, Blagojevich 2009).[2] “A British-Iraqi billionaire lent millions of dollars to Barack Obama's fundraiser (dual US-Syrian citizen Tony Rezko) just weeks before an imprudent land deal that has returned to haunt the presidential contender, an investigation by The Times discloses. The money transfer raises the question of whether funds from Nadhmi Auchi,...
  • Expanding the French Connection

    11/04/2005 11:36:55 AM PST · by paperjam · 22 replies · 3,194+ views
    Self ^ | Friday, November 04, 2005 | Paperjam
    <p>Fox news ran stories last night based on some of the things we were tracking right here in this post. Here is their on line story.</p> <p>As unfinished as my research is, I feel compelled to release what I've found so far as the story cannot wait any longer.  I am not looking for a scoop on anyone or anything, but at the same time I don't want anyone thinking I made this stuff up after the fact either.</p>
  • Obama's Mansion, Saddam's Money..............(connection to Obama, who personally benefited )

    10/29/2008 3:36:08 AM PDT · by IrishMike · 19 replies · 1,775+ views
    FrontPageMagazine ^ | Tuesday, October 28, 2008 | Daniel Pipes
    Barack Obama appears to have personally benefited from funds originating in Saddam Hussein's regime. It's a complicated connection, but one that deserves the consideration of Americans voters. Two similar figures, Nadhmi Auchi and Antoin S. "Tony" Rezko, served as the intermediaries. Both are Middle Eastern males of Catholic Christian heritage who left Baathist dictatorships for Western cities (Auchi from Iraq to London, Rezko from Syria to Chicago). Both became successful businessmen who hobnobbed with politicians and promoted Arab interests. Both have been convicted of taking kickbacks and both stand accused of other shady dealings. Auchi, born in 1937, is the...
  • Bailout failure 'will cause US crash’ (Euroweenies trying to scare US)

    09/27/2008 9:38:40 PM PDT · by BurbankKarl · 21 replies · 787+ views
    UK Telegraph ^ | 9.27.08 | By Tim Shipman in Washington and Edmund Conway
    The financial system could face a meltdown of 1929 proportions unless US politicians succeed in their efforts for a $700bn rescue scheme, experts added. The warning came as Republicans and Democrats met in Washington for a rare weekend debating session to attempt to seal agreement on the contentious plan, aimed at preventing a long-lasting recession in the US. Officials close to Paulson are privately painting a far bleaker portrait of the fragility of the global economy than that advanced by President George W Bush in his televised address last week. One Republican said that the message from government officials is...
  • BNP Paribas top 2006 M&A adviser in France [the company gave $1.5B in kickbacks to Saddam's gov't]

    01/01/2007 9:54:44 AM PST · by jdm · 286+ views
    Reuters ^ | Jan 1, 2007
    PARIS, Jan 1 (Reuters) - BNP Paribas was France's top M&A adviser in 2006 for the second year running, ahead of U.S. rivals Goldman Sachs and Merrill Lynch, a report by financial newspaper L'Agefi said on Monday. L'Agefi said BNP Paribas advised on 50 deals during the year worth a total 119.1 billion euros, a record for the French bank. Goldman Sachs advised on 20 deals worth 112.4 billion euros and Merrill Lynch 23 deals valued at 99.4 billion euros. Both BNP Paribas and Goldman Sachs advised on one of the biggest deals of the year -- steel producer Mittal's...
  • Multinational Corporations Aid Terrorist Regime In Iran: Do You Own Any Of These Stocks?

    05/26/2006 8:23:46 AM PDT · by LSUfan · 4 replies · 866+ views
    Family Security Matters ^ | 26 May 06 | Christopher Holton
    Millions of American investors, as well as their pension funds, mutual funds and other institutions, have unsuspectingly invested their hard-earned wealth in foreign companies that aid and abet the Islamofascist theocracy in Iran. If you are reading this article, you’re probably one of those unsuspecting investors. You may not directly own shares of corporations that do business in and with the Islamic Republic of Iran, but chances are your 401K, mutual fund portfolio or public pension system is invested in such companies. Congratulations. A portion of your money is going toward arming and training Hezbollah terrorists, sheltering members of Al...
  • Dollars for Dictators - A lawsuit alleges Oil for Food-like corruption in the Congo Republic

    10/25/2005 4:54:42 PM PDT · by Tailgunner Joe · 1 replies · 318+ views
    WSJ ^ | October 19, 2005 | CLAUDIA ROSETT
    Since 2004, the IMF has taken the lead in administering a package aimed at greatly easing Congo's debt burden--a move more likely to help Mr. Sassou-Nguesso's government than the people who live under it. Debt relief has a nice ring, plays well at charity rock concerts, and keeps the IMF busy. The irony is that that for the people of Congo--as opposed to the regime-- the most useful debate may be inspired not by the poverty professionals, but by the likes of private creditors, who far from offering official aid or debt forgiveness are seeking to collect on Congo's old...
  • WSJ: Multilateralism a la Francaise - Saddam sure liked doing business with the French.

    10/14/2005 5:52:05 AM PDT · by OESY · 2 replies · 613+ views
    Wall Street Journal ^ | October 14, 2005 | Editorial
    In reviewing the career of French diplomat Jean-Bernard Mérimée, two key moments stand out. In June 1995, Mr. Mérimée, then France's ambassador to the U.N., announced he was largely satisfied with the progress Iraq had made on disarmament and wanted sanctions lifted sooner rather than later. And this week, a French investigative magistrate brought Mr. Mérimée in for questioning on an allegation that he took a bribe from Saddam in the form of 11 million barrels of oil. So now we know what French officialdom means by the word "multilateralism": One part involves speechifying about the need for international "consensus"...
  • 9/11 and the mob

    07/11/2005 7:33:35 AM PDT · by Alexander Rubin · 9 replies · 2,248+ views
    Canada Free Press ^ | Monday, July 11, 2005 | Judi McLeod & David Hawkins
    Toronto-- In the true life stranger than fiction category, Cantor Fitzgerald Securities and its subsidiary eSpeed network are one for the books. Cantor Fitzgerald’s New York office, on the 101st-105th floors of One World Trade Center, lost 685 employees in the September 11, 2001 terrorist attacks–more than any other employer. Its e-Speed electronic bond-trading network lost 125 souls. Happily for the disciples of "Kyoto Mo" (Canadian Maurice Strong), who argues that global climate change is driven by anthropogenic gases emitted by inhabitants of the Anglosphere, a six-member eSpeed carbon-credit trading team escaped death. Their annual one-day fishing trip had to...
  • Canada: UN probes Wheat Pool

    04/30/2005 1:03:09 PM PDT · by Pikamax · 17 replies · 760+ views
    CanWest News Service ^ | 04/30/05 | Steven Edwards
    UN probes Wheat Pool Payments of $23.15M made in oil-for-food scandal congressional hearing told Steven Edwards CanWest News Service Saturday, April 30, 2005 UNITED NATIONS -- The Saskatchewan Wheat Pool has emerged as one of the companies involved in Iraq oil-for-food deals now under investigation by a U.S. congressional committee probing the United Nations aid program, which Saddam Hussein manipulated to skim off billions of dollars for himself. The focus on the company comes as the UN announced Friday it had discovered a staff-rule violation by Canadian businessperson and international diplomat Maurice Strong, whose long record at the world body...
  • Rohrabacher To Probe Role Of French Bank

    04/27/2005 1:37:19 PM PDT · by quidnunc · 12 replies · 470+ views
    The New York Sun ^ | April 27, 2005 | Claudia Rosett
    Next up in the U.N. oil-for-food scandal is a trip down the money trail, by way of the French bank tapped by the United Nations — in cahoots with Saddam Hussein — to handle the main escrow account of the graft-laden U.N. program. Tomorrow, the House Subcommittee on Oversight and Investigations will hold a hearing delving into some of the oil-for-food banking details. Rep. Dana Rohrabacher, a Republican of California who will lead the hearing, expects that with some of the material due to be disclosed, "heads will turn." At the United Nations itself, heads have already been rolling, as...
  • Welcome to Hotel "Congo-fornia"

    04/09/2005 6:55:20 AM PDT · by MikeEdwards · 16 replies · 852+ views
    CFP ^ | April 9, 2005 | Judi McLeod
    BNP Paribas, the bank associated with the Oil-for-Food scandal, is doing brisk business in Governor Arnold Schwarzenegger’s golden state. According to its website, "BNP Paribas acts as the sole agent for the State of California’s economic recovery bonds, the largest municipal bond sale in the United States." Active in the municipal bond market for over 10 years, BNP is providing credit enhancement and liquidity support for the State of California’s sale of $2.97 billion of variable-rate Economic Recovery Bonds ("ERB’s"). The bank also boasts that it will be a proud partner of San Francisco in financing the rebuilding of the...
  • Inside Iraqi Corruption

    03/29/2005 4:35:34 PM PST · by Softwar · 460+ views
    NewsMax ^ | 3/29/05 | Charles R. Smith
    Inside Iraqi Corruption Charles R. Smith Tuesday, March 29, 2005 John A. Shaw is a curious example of Washington politics gone mad. Shaw is a veteran government employee who served inside the White House under Presidents Ford, Nixon and Reagan and was an associate deputy secretary in the Department of Commerce. In 2001, Shaw was appointed by Bush Defense Secretary Don Rumsfeld to head the newly formed Office of International Technology Security. In this post, Shaw began the difficult task of reforming government controls over the export of sensitive technology to foreign countries. In 2003, Shaw began investigating allegations of...
  • Scandal in Baghdad: Millions Missing - French, Chinese Companies Involved

    02/23/2005 12:50:25 PM PST · by Jim Robinson · 32 replies · 4,319+ views
    NewsMax ^ | Thursday, Feb 24, 2005 | Charles R. Smith
    Newly released documents from the Bush administration show that a former member of Saddam Hussein's inner circle has resurfaced inside the new Iraqi government, bringing charges of corruption, bribery and bid-rigging. As a result, millions of U.S. aid dollars and billions in Iraqi government funds have disappeared in an ongoing scandal that is poised to engulf Baghdad and Washington. Worse still, a leading candidate for the top elected post in Iraq has also been implicated in the report as having taken "payoffs" in order to rig a major government cell phone contract. According to a May 2004 U.S. Defense Department...
  • Volcker Report Will Be Very Critical of U.N. Oil-for-Food Operation

    02/02/2005 5:28:53 PM PST · by ijcr · 25 replies · 1,249+ views
    Associated Press ^ | Feb 2, 2005 | Edith M. Lederer
    UNITED NATIONS (AP) - An eagerly awaited first report by former U.S. Federal Reserve chairman Paul Volcker into alleged corruption in the U.N. oil-for-food program in Iraq will be sharply critical of U.N. management in key areas and will target Benon Sevan, who ran the program, a source close to the investigation told The Associated Press on Wednesday. The Volcker report, to be released Thursday afternoon, will focus on the administration, financial transactions, and internal auditing of the $60 billion program, all of which were "tainted badly," said the person with knowledge of the report. The interim report will not...
  • VOLCKER THE IN-'CREDIBLE'

    01/27/2005 11:31:20 PM PST · by kattracks · 7 replies · 674+ views
    New York Post ^ | 1/28/05
    Paul Volcker was picked by U.N. Sec retary-General Kofi Annan to head an "independent" panel to investi gate the Oil-for-Food scandal ostensibly because of the former Federal Reserve chairman's international credibility. But credibility, like fame, can be fleeting — and Volcker's is fading fast. [snip] As Fox News Channel's Jonathan Hunt reported yesterday, Volcker is smack in the middle of the interlocking global corporations that appear to lie at the very heart of the scandal. Proceed slowly; it's complicated: [snip] * Volcker, along with a close friend named Paul Desmarais, Sr., sits on the advisory council of a Canadian...
  • French financiers continue to take wrong side.

    11/23/2004 6:17:40 AM PST · by phoenix0468 · 11 replies · 555+ views
    11/23/2004 | Phoenix0468
    Well what do you know, it is a sad fact that French financiers in their infinite greed always seem to get their thingy stuck in the wringer. I guess everyone here knows of the many French Banks who so willingly laundered for the Nazis in WWII; and now it comes out that at least one of THOSE banks is involved in the Oil for food scandal. Here is some more info on this and other French banks: BBC News and an exerpt: "...The French banks being sued in New York include: Caisse Nationale Credit de Credit Agricole, Caisse Nationale unit...
  • House Panel Questions Role of French Bank [Oil For Food]

    11/18/2004 9:18:18 AM PST · by conservativecorner · 4 replies · 267+ views
    My Way News ^ | Nov. 17, 2004 | KEN GUGGENHEIM
    WASHINGTON (AP) - Lawmakers are questioning whether a French bank failed to comply with U.S. money-laundering laws, possibly helping Saddam Hussein manipulate the $60 billion U.N. oil-for-food program. The bank denies any wrongdoing. In the latest in a series of congressional investigations of alleged corruption in the oil-for-food program, the House International Relations Committee was homing in on the role of the U.S. branch of BNP-Paribas, which handled most of the oil-for-food money. The humanitarian program, begun in 1996, allowed Iraq to trade oil for goods to help Iraqis get food, medicine and other necessities that became scarce under strict...
  • Probe: Iraq U.N. cash sent to bombers' kin

    11/16/2004 3:51:17 PM PST · by NormsRevenge · 11 replies · 735+ views
    Bakersfield Californian ^ | 11/16/04 | Desmond Butler - AP
    NEW YORK (AP) - Saddam Hussein diverted money from the U.N. oil-for-food program to pay millions of dollars to families of Palestinian suicide bombers who carried out attacks on Israel, say congressional investigators who uncovered evidence of the money trail. The former Iraqi president tapped secret bank accounts in Jordan - where he collected bribes from foreign companies and individuals doing illicit business under the humanitarian program - to reward the families up to $25,000 each, investigators told The Associated Press. Documents prepared for a Wednesday hearing by the House International Relations Committee outline the new findings about how Saddam...
  • WSJ: Saddam's U.N. Payroll

    10/28/2004 5:31:00 AM PDT · by OESY · 3 replies · 644+ views
    Wall Street Journal ^ | October 28, 2004 | Editorial
    ...Iraq's top customer was Russia, whose firms bought $19.2 billion worth of Iraq oil and exported $3.3 billion in humanitarian goods. Fellow Security Council member France was a distant but significant second, at $4.4 billion and $2.9 billion respectively. China is also high on the list. Oil voucher recipients are alleged to include the Russian presidential office, former French Interior Minister Charles Pasqua, and even former Oil for Food program director Benon Sevan of the U.N.... Against this backdrop, it is impossible to take Secretary-General Annan seriously when he calls it "inconceivable" that this could have affected the Security Council's...
  • . . . AND HIS TURTLE BAY TASK (Eliot Spitzer)

    10/25/2004 6:02:19 AM PDT · by OESY · 311+ views
    New York Post ^ | October 25, 2004 | Editorial
    If Spitzer is looking for some truly useful work, here's a task he could take up: Saddam Hussein laundered at least $10 billion through the United Nations' Oil-for-Food program and used the proceeds to corrupt governments across Europe and — most likely — at the United Nations right here in New York City.... He spent some of the cash bribing international luminaries.... And, according to U.S. investigators, Saddam spent yet more of that money on repeated bids to buy weapons material on the world market. Saddam flouted the sanctions under the purported supervision of the U.N. Security Council. But the...
  • UN inspector 'took £60,000 Iraq bribes'

    10/05/2004 7:26:48 PM PDT · by Perdogg · 8 replies · 618+ views
    Daily telegraph UK ^ | (Filed: 06/10/2004) | By David Rennie in Washington
    UN inspector 'took £60,000 Iraq bribes' Iraqi oil officials have accused a United Nations inspector of taking almost £60,000 in bribes from Saddam Hussein's regime as his henchmen and foreign business partners siphoned millions from the UN's oil-for-food programme, it was reported yesterday. An inquiry by officials in the State Oil Marketing Organisation - a body which, under Saddam, was a key player in schemes that allegedly diverted billions in oil revenues from the UN-run programme - accused an inspector contracted through the Dutch company Saybolt of falsifying documents in return for bribes, the Wall Street Journal reported. Saybolt was...
  • MI6 probes French links to Iraq scam

    08/02/2004 7:51:06 AM PDT · by crazycat · 38 replies · 3,659+ views
    The Sunday Times ^ | 08/01/04 | Robert Winnett and Mark Hollingsworth
    BRITAIN’S intelligence agencies have been ordered by the prime minister to look into alleged French profiteering from the discredited United Nations scheme which allowed Saddam Hussein’s regime to sell oil in return for food. Intelligence sources say both MI5 and MI6, the home and overseas spy agencies, are gathering information on French businesses which benefited from the scheme.
  • Following Saddam Hussein's Secret Money-Laundering Trail

    06/03/2004 1:57:53 PM PDT · by RKV · 24 replies · 1,638+ views
    Insight ^ | 3 June 2004 | Lucy Komisar
    A detailed analysis of Saddam Hussein's secret money-laundering techniques shows here for the first time how he used the same offshore money launderers as Osama bin Laden. That covert money network, based in the tax havens of Switzerland, Liechtenstein, Panama and Nassau, helped bankroll the war machines of both Iraq and al-Qaeda. More than 1,000 pages of confidential corporate, bank and legal documents show how the network functioned. The papers come from court cases filed in several European countries, from corporate records, from investigations by Italian police, from a report of the Kroll international investigative agency, and from private sources....