|
This show aired before the disclosure about the
actual indictments reported by Flocco. ======= http://www.total911.info/2005/07/tenet-under-investigation-for-pre-911.html Tom Heneghen reports to Cloak & Dagger Internet Radio (late of 50,000-watt blowtorch CFMJ-AM) that a trusted "source close to the Fitzgerald investigation" says the independent prosecutor is looking into former CIA Director George Tenet's role in pre-9/11 put options placed on American Airlines. Previous editions of Cloak & Dagger reported that the special prosecutor Patrick Fitzgerald has taken his investigation beyond who named Valerie Plame as a CIA agent into who frauded up claims that Saddam Hussien was seeking yellowcake uranium and, ultimately, the 9/11 scam. C&D correspondent Tom Heneghen reported on the  July 17 show
that Fitzgerald is looking into insider trading on airline stocks
before 9/11. Heneghen reports that over the three trading days before
9/11 on the Chicago Board of Options 4,516 put options (bets the price
would tank) were placed on American Airlines stock vs only 748 call
options (bets the price would go up).According to C&D, Fitzgerald is investigating Tenet's role in connection to Buzzy Krongard, a former No. 3 at the CIA, and that man's relation to the 2,157 airline options placed through Morgan Stanley/Dean Witter, located on 22 floors of the WTC. ============ Texas money laundering operation involving Hunts Philippines V.K. Durham trust Beverly Enterprises and Stephens, Inc.--45 nursing home associates--Mena, Ark. bogus gold cert. Brady Bond fraud Wachovia Bank assassinations--William Doonesbury and ____ ? offshoot of Muslim Brotherhood financial and operational terrorist fraud leaker to Judith Miller Bolton cables and intercepts with Uzbekistan hedge fund in London involving two "suicides" in NY James Warren at Chicago Trib is obstructing justice Chicago Mercantile Roger Morris, NSC--Air Force One signal of Bush and Cheney talking about Valerie Plame Leo Wanta letter to Dick Cheney about Philippine money --linked to Wachovia Bank Marc Rich Russian Mafiya Arrest of "E.P" in London, money laundered through Denmark If Bush fires Patrick Fitzgerald, it will set P.F. free to talk. white-skinned Moslems in Texas Arrests in London are the same as what went on in NY after 9/11 to shut up people who knew too much Subway bombs were underneath the trains and could not have been planted by the youths they arrested. Private company, mock drill, piggy-backed with actual bombing. P-2 and Calipari, who was assassinated in Iraq. Niger's embassy broken into and papers stolen Bush is desperate to fire Fitz., but can't. Indictments will open up the whole money laundering network. Throughout the tape, there has been no mention of any sources for the information--where any leaks are coming from other than documents submitted by Tom Heneghen. ======= http://www.uow.edu.au/arts/sts/bmartin/dissent/documents/health/beverly_arkansas.html A Rose Law Firm Deal, Revisited The following is reprinted with permission from the Des Moines Register of June 13, 1993. A related editorial appears nearby {see related editorial: "Review & Outlook (Editorial): Who Was Webster Hubbell? -- I" -- WSJ March 15, 1994}. When Hillary Rodham Clinton complained in a recent speech about profiteering in the health care industry, she could have found a ready example in the role one of her former Arkansas law partners played in an Iowa nursing-homes deal that made millions for the deal makers. William H. Kennedy III, a partner in the Rose Law Firm of Little Rock and now associate counsel to President Clinton, shepherded the deal for Beverly Enterprises, a giant nursing-home company that paired up with a Texas banker to sell its Iowa and Arkansas nursing homes. Forty-one Iowa homes were acquired four years ago by a nonprofit corporation, now known as Care Initiatives, that was effectively controlled by the banker, Bruce Whitehead. The deal was financed by $86 million in tax-exempt revenue bonds. Whitehead and the bond underwriters took up-front profits exceeding $15 million. Beverly, which needed cash to reduce its crippling debt, made about $10 million. "Kennedy was involved in the whole thing, period. He was the point man for Beverly," says Frank Pechacek, a Council Bluffs lawyer who investigated the deal for county assessors. The assessors were contesting Care Initiatives' claim to property tax exemptions for its nursing homes in about 30 counties. Kennedy could not be reached for comment. Other Rose Law Firm partners who now work in the Clinton administration may have been involved, too. Webster Hubbell, who holds the No. 3 slot in the Justice Department {Mr. Hubbell resigned yesterday}, listed Beverly Enterprises among his 26 Rose Law Firm clients. Vincent Foster Jr., deputy counsel to the president, represented Stephens Inc., a Little Rock investment-banking firm that owns 10% of Beverly's stock. Beverly hired Stephens to find a buyer for many of its nursing homes. The search led Beverly to Whitehead. "There was absolutely no way that these people didn't know what was going on," said Roy Drew, a former Stephens broker and an independent investment adviser whose criticism of a similar nursing-home transaction in Arkansas involving Beverly, Whitehead and a nonprofit corporation helped touch off a political furor that scuttled the deal. No one is saying that nursing-home company executives, lawyers, bankers or others involved in the Iowa homes' sale acted illegally. In fact, great care was taken to dot the i's and cross the t's on the contracts. But critics of the transaction have complained of profiteering. Said Drew: " Rose Law Firm made it legal, but it didn't have anything to do with what was right or fair to taxpayers or people in nursing homes. It had only to do with getting Beverly and Stephens Inc. off the hook." Last month, the Iowa Supreme Court upheld District Judge Gene Needles's denial of Care Initiatives' request for an exemption from paying property taxes on its nursing homes. Total taxes on the homes exceed $800,000 a year. Needles and the Supreme Court sided with county assessors in concluding that Care Initiatives did not meet the tests of a charitable institution. Said Needles, "Care Initiatives is a `shell' nonprofit corporation used by Bruce H. Whitehead and the bond underwriters to obtain the financing necessary to enable them to make millions of dollars of excessive profits." Whitehead and lawyers for Care Initiatives contended that the profits were reasonable, given the size of the deal and the financial risk involved. Court records and transcripts of testimony by Whitehead and his lawyer show that Kennedy looked after the interests of Beverly Enterprises. He prepared the financial documents and negotiated with Whitehead and other parties to the Iowa and Arkansas nursing-home deals. Whitehead testified that the nation's largest operator of nursing homes "was having severe financial difficulty. They needed to raise cash desperately because of the financial problems they were having." In 1988, Beverly sought to sell off its nursing homes in Iowa, South Dakota, Nebraska and Arkansas. But finding a buyer and conventional financing for the sale would be difficult. Whitehead, the Texas banker, was interested in only the Iowa and Arkansas homes. A proposed sale agreement prepared by Kennedy called for a company controlled by Whitehead to buy Beverly's Iowa and Arkansas homes for about $115 million. The Iowa portion of the deal was sealed in the summer of 1989. Whitehead's Ventana Investments bought the Iowa nursing homes for $57 million as part of a two-step transaction that left Whitehead a hefty profit. The homes were then sold to nonprofit Care Initiatives (known then as Mercy Health Initiatives) for $63.5 million. The money was borrowed through the sale of $86 million in tax-exempt revenue bonds that the Iowa Finance Authority, a public agency, agreed to issue. The Iowa Finance Authority served as a conduit; no state money was loaned. Nursing-home revenue is used to repay investors who purchased the bonds. The Iowa transaction caused no ripples. At a public hearing, Whitehead assured the Iowa Finance Authority board that the Beverly employees in Iowa would keep their jobs. At a follow-up meeting conducted over the telephone, the board voted unanimously to authorize the bond sale. "There was the belief that there was a danger that some of those {nursing homes} could have closed," said Ted Chapler, executive director of the Iowa Finance Authority. The lost jobs would have dealt an economic blow to the rural communities where the nursing homes are located, said Chapler, who was the finance authority's general counsel when the bond sale was approved by the group's board and Gov. Terry Branstad. Care Initiatives employs 2,800 workers in Iowa. Its nursing homes have 3,200 residents. The sale of 36 nursing homes in Arkansas was to be financed in the same way, using $81 million in revenue bonds and another nonprofit corporation that had been set up for Whitehead. He stood to gain $4 million from the transaction. But during the fall of 1989 the deal unraveled. The Arkansas Development Finance Authority, which had become an important economic tool for then-Gov. Bill Clinton, initially supported the proposed bond sale but backed away as criticism of the deal mounted. When Bob Nash, president of the Arkansas agency, recommended rejecting the deal, Whitehead challenged him to a fist fight, according to Little Rock news accounts. Whitehead later testified in the Iowa property-tax case that he lost over $2 million in Arkansas. Clinton, who had the last word in killing the deal, was brushed by the controversy but suffered no lasting political damage. He was re-elected governor in 1990. There have been changes in Iowa since the deal. Last year, Care Initiatives severed its ties with Whitehead and his nursing-home management company. Duncan Graham, the firm's president, says Care Initiatives now is managing the nursing homes itself. He says the move should strengthen the firm's new bid for property-tax exemptions for its Iowa homes. That's expected to touch off another court battle. Copyright (c) 1999 Dow Jones & Company,
Inc. All Rights Reserved. Complete archives at http://www.sitbot.net/ Please let us stay on topic and be civil. OM YAHOO! GROUPS LINKS
|
- [cia-drugs] Tom Heneghen report on July 17 Linda Minor
- Re: [cia-drugs] Tom Heneghen report on July 17 james Karl
- Re: [cia-drugs] Tom Heneghen report on July ... E Bryant Holman
- [cia-drugs] Re: Tom Heneghen report on J... mark urban
- Re: [cia-drugs] Tom Heneghen report on J... Vigilius Haufniensis
