Bush family business: Former insider Al Martin tells all

Published 17 years ago -  - 17y ago 40


“You have to look at the entire Bush Family in this context — as if the family ran a corporation called ‘Frauds-R-Us,'” writes Al Martin in his column “Behind the Scenes in the Beltway.” (http://www.almartinraw.com)

“Each member of the family — George Sr., George Jr., Neil, Jeb, Prescott, Wally — has his own specialty of fraud. George Jr.’s specialty was insurance and security fraud. Jeb’s specialty was oil and gas fraud. Neil’s specialty was real estate fraud. Prescott’s specialty was banking fraud. Wally’s specialty was securities fraud. And George Sr.’s specialty? All of the above.”

Al Martin is the author of “The Conspirators: Secrets of an Iran Contra Insider,” an unprecedented look into the covert world of shadow government.

It’s also a personal account of Al Martin’s active involvement with Iran-Contra scams, government sanctioned narcotics trafficking, illicit weapons deals and a veritable epidemic of fraud — corporate securities fraud, real estate fraud, banking fraud and insurance fraud.

Not since Joe Valachi exposed the inner workings of the Mafia to an incredulous public has there been such a high-level defector from a major crime family.

Since he worked directly with Jeb Bush and “Ollie” North, Al Martin has personal knowledge of Bush Family criminal activities. In fact, he states unequivocally that both the Republican and Democrat Parties were — and are — complicit in illegal fundraising and money laundering.

Nevertheless Al Martin is so blasé about high level government corruption that he casually refers to it as “How the Real World Works.”

Double-Crossed by “Ollie” North

What would you do if Ollie North and his illegal Iran-Contra network owed you $200,000?

You might have better luck collecting from the Gambino or Colombo Family. At least they claim to be men of “honor.”

That’s Al Martin’s dilemma. He’s been placed in the unenviable position of being owed money by an illegal network of Iran-Contra players — current and former military and intel officers, government bureaucrats, and “beltway bandits,” or so-called “consultants” who feed at the trough of corrupt Washington politics.

Because of his failing health, Lt. Cmdr. Al Martin, US Navy,(Ret) has decided to go public and tell the whole story of the Iran Contra Conspiracy.

Secret History of Iran-Contra

Whistleblower Al Martin has testified before the congressional Kerry Committee as well as the Alexander Committee regarding the egregious frauds of Iran-Contra.

Because of what he’s seen, Al Martin has recently been in hiding, targeted by these same criminal perps.

And here’s the background. When George Bush Sr., Bill Casey and Oliver North started their program of wholesale fraud and drug smuggling, they envisioned using about 500 men to raise $35 billion in covert revenue.

When Iran-Contra finally fell apart, they ended up using 5,000 operatives and making $350 billion to fund their illegal and secret operations.

Meanwhile, after retiring as a Lt. Commander from the US Naval Reserves, Al Martin went into the fast lane as a government black ops specialist in ONI (Office of National Intelligence)

At a meeting with General Richard V. Secord and government-protected con man Lawrence Richard Hamil, Martin was briefed about Iran-Contra operations and allowed to view CIA white papers on “Operation Black Eagle,” the insiders’ code name for the illegal program of government-sanctioned narcotics trafficking, weapons deals and fraud.

Martin’s book “The Conspirators” reveals this secret history of the United States during the Iran-Contra era. It’s also a source document on the frauds and corruption spawned by men under the pretense of “patriotism.” These are the highest-level criminals who publicly rationalized their conspiracies with the cover story of “fighting communism.”

The book contains previously unreleased material like:

* The National Programs Office (NPO) and Operation Sledgehammer

* Oliver North: Money Laundering Drug Smuggling Patriot

* Do Nothing Janet Reno and Iran-Contra Suppression

* Classified Illegal Operations: Cordoba Harbor and Screw Worm

* The Don Austin-Denver HUD Fraud Case

* US Government Narcotics Smuggling & Illicit Weapons Sales

* The Real Story of Operation Watchtower

* Bush Family Corporate, Real Estate, and Bank Frauds

* The Chinese Connection: US Weapons Scams

And speaking of current Chinese weapons scams… In his latest column, Al Martin describes the ongoing fraud at the Redstone Arsenal in Huntsville, Alabama, where state-of-the-art military technology is illegally auctioned off to Red Chinese agents for pennies on the dollar.

Criminal Corporate-Government Fraud

Al Martin’s book draws a vast panorama of insider deals and the “players” involved, as well as government-sanctioned fraud never before revealed.

“In my fraud files, I have a summary labeled ‘Master Iran-Contra Fraud File,’ which includes all substantive frauds committed between 1983 and 1991 during the Iran-Contra and the post-Iran-Contra environment,” writes Al Martin in his book.

“In this file, which includes 543 names, I have detailed and broken down the fraud into various categories. These categories include real estate fraud, oil and gas fraud, gold bullion fraud, bank fraud of many different varieties, securities fraud, all the way down to charitable contribution fraud, brokerage fraud, i.e. aircraft and luxury yacht brokerage fraud and diversion schemes. This is all under the Iran-Contra banner.”

“Some of the significant names you will find as principals in these frauds include, but are not limited to, George Bush, Sr., George Bush, Jr., Jeb Bush, Neil Bush, and George Bush, Sr.’s daughter, Dorothy Bush’s husband, who is Jimmy Le Blonde, Jr.,” he continues.

“His father is the famous Colonel Jimmy Le Blonde of Air America and Iran-Contra fame. By the way, Colonel Le Blonde held a congressional record for invoking the phrase, ‘I don’t recall,’ 117 times, when he was asked questions about Southern Air Transport’s involvement in Iran-Contra cocaine and weapons trafficking.”

“Other names include Frank Carlucci, former Assistant Secretary of State, Elliott Abrams, former Assistant Secretary of State, Bernard Aronson, former Under-Secretary of State, Lawrence Eagleburger, and former Assistant Secretary of State, Richard Armitage,” Martin continues.

“Involved in fraud on the CIA side of the ledger, the list would include former Deputy Director of Operations, Clair George, Assistant Deputy Directory of Operations, Allan Fiers, a variety of station chiefs, and CIA Internal sub-Director, Dewey Clarridge.”

“On the military side, I have divided the ‘scamscateers’ into both active and retired. The retired group is quite substantial. In the fraud file, there are names like, but not limited to, Maj. Gen. Richard Vernon Secord, Maj. Gen. John K. Singlaub, Brig. General Harry C. Aderholt, Col. Sam Dutton, Col. Richard Gadd, Col. Robert Steele, Lt. Col. Jack Terrell, Lt. Col. Duke Rome, and Maj. John N. Piowatty.”

“The officers I just mentioned were all retired, and of course, are notorious Iran-Contra figures. They are often just placed into their involvement with Southern Air Transport and its subsidiaries with regards to the trafficking of weapons and cocaine and the liaison facility these men provided between the NSC and the CIA, vis-a-vis the Honduran armed forces, the El Salvadoran Air Force, the Colombian and Venezuelan Air Forces, etc. They are seldom looked at in the context of fraud, in which they were involved, to line their own pockets. This was fraud committed under the banner of Iran-Contra and fraud for which they were never prosecuted.”

More Family Business

According to whistleblower Al Martin, there are common links between many of the Iran-Contra era frauds and corporations controlled by the Bushes — corporate fronts involved in real estate, oil and gas, banking and securities fraud.

“Some of the more minor frauds that were committed, the gold bullion and the charitable donations frauds, those were undertaken directly by Gen. Singlaub, who is quite notorious for those types of frauds,” Martin continues.

“In terms of active military officers participating in Iran-Contra fraud, they would also include Lt. Gen. John Gavin and Lt. Gen. Michael Collins. Also included in the notable list of retired officers in Iran-Contra fraud are Adm. Elmo Zumwalt and Adm. C. Garrett Henderson, former Deputy Chief of the Office of Naval Intelligence.”

The real estate fraud and the banks involved were so-called “Iran-Contra friendly.” “Otherwise the fraud would not have worked,” he adds. His list includes 137 major frauds with the caveat that he “didn’t make records of every nickel-and-dime ($10 and $20 million dollar) fraud. It just wasn’t possible.”

“In my personal logs at the time — based on my own business affairs and my interaction with others, particularly selling these fraudulent products, I used the cut-off line of $100 million in the real estate fraud category,” Martin continues.

For example, the Phoenix Development Fraud involved a combination of “busted out” (defaulted) HUD properties, as well as Lincoln Savings & Loan property. Martin writes that these properties were incorporated into a limited partnership and resyndicated by the general partners, including Gen. Secord, Gen. Singlaub, Col. Gadd, Col. Dutton, Jeb Bush, Neil Bush, Walter Bush, the then-Vice President’s nephew, Prescott Bush, the then-Vice President’s older brother, and Prescott’s son.

According to Martin, the fraud involved busted out HUD property bought through loans at Lincoln Savings &Loan for ten to twenty cents on the dollar.

“These were very expensive residential developments in Phoenix, where Lincoln Savings & Loan had a collateral guarantee against the original loans used in the HUD property,” writes Martin. “It’s quite humorous, that in the Phoenix Development Fraud, one of the consequences was that Gen. Secord, Gen. Singlaub, and George Bush all wind up owning homes together on the same cul-de-sac in Phoenix near the country club — for which they paid nothing.”

“These homes are appraised between $400,000 and $800,000, and it cost them absolutely nothing,” Martin continues. “Further up the street, Col. Jack Terrell has a home. This fraud is really blatant. People have tried to look at it in the past, and they’ve been hit with a blizzard of paperwork. If you weren’t there from the beginning and weren’t involved from the beginning as I was, it’s tough to connect all the dots because there’s so many of them.”

Martin writes that, like a Mega-Corporate Mob Godfather, “George Bush, Sr. would invariably be given a piece of everything — every fraud that was done — because he was at the very top of the pyramid, and much of this fraud could not have been committed without either his protection or his influence.”

“So George Bush winds up with this house on a certain cul-de-sac in the Riverdale development of this Phoenix project, although naturally it’s not held in his own name,” writes Martin. “It’s held by an entity known as PHB Trust, Ltd. The PHB stands for Prescott Herbert Bush, Sr. who is George Bush, Sr.’s father.”

Fraud, Fraud and More Fraud

Al Martin’s bombshell of a book names names, places and events regarding the ongoing criminal conspiracies of the Bush Family.

“The list goes on and on. Most of these corporations had offices in Florida, Nevada, and Texas — states where security regulations were rather lax,” writes Al Martin.

These states also contained what Martin calls “Iran-Contra control features,” i.e state governments which were very loyal to George Bush, Sr.

“Consequently controlling liability within the various state securities or state bank examiner’s offices was really remarkable,” says Martin. “The reason these frauds were able to operate for so long (in some cases, some are still extant and operating fifteen years later) and rather discreetly is because no individual investors’ money was ever used. There wasn’t anybody who bought $100,000 worth of these partnerships that got burnt.”

“The people who ultimately got burned were banks and securities firms, and, of course, by extension, the American taxpayers who had to bail them out.”

For more information — Al Martin Raw

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