[CTRL] [5] Were We Controlled?

[Kris Millegan]

 -Caveat Lector-

an excerpt from:
Were We Controlled?
Lincoln Lawerence(C) 1967
University Books, Inc.
New Hyde Park, N. Y.
out -of-print
-------
A very interesting book. A bit of a hard read at the beginning, but then, the
author(a psuedonymn) is covering some hard to grasp subjects. One thing to
notice is that the operation( or at least parts of it ) began before even JFK
was elected. Also there are very many interesting facts and theories
presented. And for those with questions about Bunge corporation, it is
discussed also.
--
This book has recently been reissued in an annotated version, with much
additional material, Highly reccommended.
MIND CONTROL, OSWALD & JFK: Were We Controlled?
by Kenn Thomas
Adventures Unlimited Press
POB 74 Kempton, IL 60946

Om
K
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12.
Allied and Tino De Angelis

The plan to utilize the R.H.I.C.-processed Lee Oswald to kill the President
of the United States was a necessary part of the scheme to manipulate the New
York Stock Exchange.

First, according to The Rumor, one or more R.H.I.C.-controlled persons had to
be prepared for— and in a position to carry out—the assassination. The east
coast had another team which would manipulate the expansion of a financial
bubble whose burst would seriously upset the market. The two events had to be
delicately synchronized to happen at the same time.

According to The Rumor, Allied Crude Vegetable Oil Refining Corporation
headed by Anthony (Tino) De Angelis was chosen to be the instrument to rock
the very foundations of the world commodities market. Allied was chosen for a
number of reasons. First, the commodities market does not lie in as much of
the bright glare of public and press scrutiny as the traditional speculative
common stocks which the average investor understands and follows more easily.
Manipulation in this field (in which billions change hands yearly) seemed
easier to The Group than the more glamorous and more closely observed areas.

Psychologically, Tino De Angelis was an ideal figure to propel upward like an
ill-fated skyrocket. His ego and desire for power was matched only by cool
courage . . . courage which had enabled him to survive the numerous crises
and bluffs inherent in large commodities operations.

In our consideration of De Angelis and The Rumor, let us make it clear at the
outset: the choice by The Group of Tino and his preparation as an instrument
of the plan were without any conscious knowledge on Tino's part. Indeed, in
retrospect, many of his later court room mutterings about failure brought
about by "matters which were completely beyond my control" . . . seem to have
been more tragically true than even he suspected.

The author must be frank in admitting that in the handling of Tino De
Angelis, as in the investigation by the Warren Commission, justice was more
thorough than would appear at first glance.

When De Angelis finally was brought to the bench, Judge Wortendyke invoked a
seldom used section of the criminal code to ascertain whether some unusual
factors had influenced De Angelis' actions. In doing this, he showed rare
intuition and judgment. Without the slightest hint of the ultrasophisticated
spider web in which De Angelis was caught, the good judge sensed that
something was amiss here: the seemingly obvious swindle was somehow . . .  a
little unreal.

The judge used Section 4208 of the code which allows a judge to order a
complete study of the criminal's actions and motives after first sentencing
him to a jail term. The motive, Judge Wortendyke correctly decided, was
missing. If this sounds odd— if criminal profits seem to have been obviously
the motivating factor—consider the Allied story most carefully.

Allied was chosen by The Group because they felt De Angelis could be
psychologically driven to the financial brink—and with him a good part of the
commodities market. There was a large and diffused group of banks and
corporations who were involved with Allied. When Allied finally went under,
fifty-one were to suffer some form of financial injury because of direct
business dealings with De Angelis. With so many involved, a pattern of design
would be hard to detect. The whole picture, they felt (and rightly) would be
hopelessly complicated!

The second major reason Allied was chosen by The Group, was the fact that a
large portion of Allied's structural support came from the Bunge Corporation,
whose family roots were in Argentina where part of The Group's original
strength lay.

The manipulation of certain Bunge officials, like the manipulation of De
Angelis, was without-their knowledge. The use of R.H.I.C. on selected persons
is not a control of which they are conscious. Therefore, if two or three men
were so manipulated, it must be in fairness pointed out, they simply did not
know it! Both corporations, executives and employees, were therefore
guiltless insofar as any knowing connection with the events in Dallas was
concerned.

What of the key figures at Allied?

Anthony ("Call me Tino—everyone does") De Angelis, born in 1915, was the son
of Italian immigrants who had settled in the Bronx in a coldwater flat in a
tenement building. His father, a railroad worker, was a gentle hard-working
man whose limited ability to bring home weekly cash was counterbalanced by
his optimistic warm loving nature. For Tino and his three sisters and a
brother, the father fairly radiated belief that America would eventually
fulfill the promise he had foreseen in it when he applied for citizenship. It
was hard going but the De Angelis family were made of strong stuff. Tino did
not take the easy way. He worked as hard as a man can work and came home at
night to parents who, he claimed, taught him to "love and understand and to
try to spread happiness, friendship, loyalty and brotherhood."
In an odd way, he accomplished those aims. For almost until the end, he was
surrounded by an organization of fanatically loyal employees who were paid
abundantly and often found themselves the recipients of lavish gifts. Tino's
troubles were to come from his business competition (in a bitterly
competitive field) and bureaucratic red-tape (almost every business man's
complaint), but seldom disloyalty within his own group.

His start was humble but respectable enough. In a job at a meat and fish
market, he labored strenuously for long hours while some of the other boys on
the block toyed with petty burglary and bookmaking.

By virtue of a fanatical devotion to his tasks, he found, by the time he was
barely old enough to vote, he had one hundred and eighty employees under him.
He had been promoted successively from a lowly helper to the position of
manager.

He progressed to a job as foreman in an even larger firm, the City Provision
Company, one of the largest hog-processers in the Bronx. He established
himself by sheer strength and physical skill as an outstanding expert with
the cleaver.

In 1938, he formed M. & D. Hog Cutters and within three years, he was making
a profit of over $250,000.00 a year.

During the war years, he multiplied his profits and began to devote himself
to diverting some of his new found wealth into charitable channels. With his
ever-present flair for the practical, he began to finance the training and
assignment of seeing-eye dogs to the blind who could not afford them.

With the arrival of peace time, Tino De Angelis felt it was time for him to
expand even further. He formed the De Angelis Packing Company. He shifted his
operations and living quarters to New Jersey and located his plant in North
Bergen, New Jersey. Here 250 employees worked under his banner.

By 1948, Tino, now thirty-four years old, was ready to make his big reach for
total acceptance in his field. The Adolph Gobel Company was a very widely
known meat packing firm which packaged a "name" line of food products in the
New York area. Listed on the American Stock Exchange, Gobel represented a
more complex and sophisticated kind of operation than Tino had previously
handled.

Tino, it would seem, in retrospect, was a magnificent trader but a dubious
account keeper. He had, it would appear, a kind of airy disregard for the
small print of life. As long as the main goal was achieved and everybody made
money, Tino was happy.

Unlike the others who chronicled the De Angelis adventure, the author does
not hold the opinion that Tino was deliberately disregarding the legal
boundaries in his flight to business glory. Prior to Allied, which is an
entirely separate affair, his entanglements appear a little more like
bumbling than deliberate villainy.

Over and over, he found himself in trouble over fiscal and accounting
department carelessness . . . rather than clever off-center manipulating.

As President of Gobel, while handling a smoked meat Federal lunch program,
Tino was charged by the government with misstating weights to the tune of a
$31,000 error. On the surface, this seems like an enormous bit of chiselling.
However, the contract for the meat entailed the sale of 18,900,000 pounds of
meat. De Angelis and Gobel were fined for this.

The second infraction involved some specifications for the meat laid down by
the government and disputed by Tino on the basis that it would have put
insufficiently cooked meat on school children's tables. The two fines came to
a total of $100,000. This hardly seems profitable "operating".

Gobel was again in hot water in 1953. Now the problem was an inaccurate loss
statement. This and other contrived or sloppily encountered crises found
Gobel plunged in bankruptcy . . . with Tino out of the President's chair
until 1958.

There is much to indicate that success-driven Tino wheeled and dealed at such
a pace that the fact didn't always catch up with the promise. De Angelis
seemed to make his errors regularly, but they appeared to be at considerable
cost to himself and not with all the criminal design that has been so often
attributed to him.

Considering how fast he went up . . . and what heights he reached in that
hurry . . . he made a "normal" quota of errors and misjudgments. After all,
he would often wryly comment, the government obtained "the usual damage
payments from him." Everything up until the Allied debacle, all of Tino's
hits and misses, make him look a bit shady—but . . . The "but" is a big one.
An examination of the record of the major meat packers indicates that he did
not have a monopoly on such weakness. However one-man shows like Tino's
attract an inordinate amount of jealousy and attention.

It is very significant that the one area where De Angelis would have been
criticized in retrospect by his many critics if possible was the area of
black market meat operations during World War II.

If they have any concrete proof of such activities by De Angelis (a natural
first step for the kind of villain they now try to paint him), they are
certainly  very shy about displaying it. At least one report on De Angelis
says that such allegations were whispered privately but charges were "never
brought against him". In view of the fact that after the Allied scandal
burst, the microscopic examination of his life was so thorough that one
expected old parking tickets to pop up, it can be assumed that if they could
have hung him with this one, they would have!

This rather detailed report on Tino's past demonstrates why he was an ideal
man to select for control once he reached the stage of his life where he
formed the Allied Crude Vegetable Oil Refining Corporation. He was by that
time known as an absolutely brilliant promoter and trader quite capable of
proposing and closing the very biggest deal imaginable. He had a proven track
record of incredibly and rather obviously sloppy bookkeeping and quality
control . . . none of which had proven serious beyond some nominal fines or
rebates and legal tongue-lashings. In short, he was—allegorically speaking—
the guy who drove the biggest car in town, the fastest, and admittedly
constantly scraped the fenders.


13.
De Angelis: Into The Past

Norman C. Miller's brilliant reports on Tino for the Wall Street Journal
accurately caught the moral essence of so much of his life and times. The
greedy fast-buck boys of the most imposing of our business institutions just
found him irresistible despite the speed at which he propelled them.
(Miller has since written a book on Tino which is a classic of analysis and
is a must reading for anyone interested in The Rumor.)

It was in 1954 that Tino De Angelis came to the attention in Germany of The
Group that was to figure in The Rumor.

Tino was involved in answering a complaint from the German Government that it
had received inferior lard as part of a shipment. Word circulated in various
circles in Berlin concerning the free-swinging De Angelis who was announcing
that he would soon start a great new company which would be concerned with
edible vegetable oils, a huge new item for U.S. export to underdeveloped
countries.

As he had predicted, late in 1955, De Angelis and twenty of his most trusted
co-workers started the Allied Crude Vegetable Oil Refining Corporation in
Bayonne, New Jersey.

Although it was the last thing that he could have foreseen, the formation of
Allied fitted The Group's plans and led inevitably to his complete financial
ruin—and their profit!

If, for a second, you find it hard to believe that a small group operating
out of a German headquarters could find it sufficiently profitable to plot
the long term expansion and deflation of a financial bubble fathered by a
Bronx butcher with dreams of glory, think again.

The chips in the importing and export of edible oils (especially, after the
enactment of U.S. Public Law 480—the Food for Peace Program) were expensive
chips. Our government's aim to send surplus grain and oil to underprivileged
nations was noble. It was a plan, however, that was vulnerable to some really
top flight international manipulating by a team of the calibre of The Group.

Now, in his new position, and with the large oil storage tanks he had
acquired in Bayonne, Tino De Angelis was the perfect American pawn for those
manipulations.

It may have been that the "grain caper" was the one that whetted the appetite
and provided the pocket money for Operation Control.

Briefly, here is an outline of the "grain caper": $55,000,000 worth of
barley, corn and sorghum was to be shipped to Austria for German and Austrian
firms by half a dozen American exporters. Somehow less than half of it got
there! How do you lose $30,000,000 worth of grain? You do it, it turns out,
with a carefully thought out international control operation with numerous
dummy corporations and Swiss bank accounts and at least one German firm in
Hamburg (which was a big new customer of a man named Tino De Angelis). In the
course of a vast investigation of this little incident by the U.S., Senator
Williams of Delaware set the probable "take" by the conspirators behind it at
between three and five million dollars.

With this kind of "walking around" money and with the scent of financial
blood fresh to their senses, The Group went to work with great precision on
Tino De Angelis.

Tino, who had erased the shame of his Gobel de-throning and had proudly hung
up the banner of Allied, was ready for big things. To accomplish those things
he needed the kind of customer that the Bunge Corporation typified.

It was at this point that the Bunge Corporation may have been chosen as the
innocent corporate tool to implement the execution of The Group's plan. Its
good will was essential to the business destiny of Allied!

Of the fifty-one companies which either lent money to Allied or deposited oil
at its Bayonne plant against warehouse receipts, the Bunge Corporation was
the one most critically attached to its fate.

When Allied's ship of destiny was steered into the deep waters, as indeed it
was by an amazing series of maneuvers, only one collision was needed to sink
it instantly to the bottom. A collision with Bunge Corporation would suffice
. . . creating a disaster that would take with it the investment of the other
fifty companies.

The Bunge Corporation (sometimes dubbed by financial writers as "The
Octopus") would make a delightful corporate villain for a James Bond fantasy,
were it a creation of imagination and had Fleming written its dialogue. In
all fairness, however, the only thing about Bunge that recalls 007's
formidable organization-opponents is its size and power.

We Americans generally feel we are knowledgeable about the financial giants
that tower over our lives. We nod knowingly and even respectfully when names
like "DuPont," "GM" and "Standard Oil" drift across our conversational paths.
We (grudgingly or not) respect the tremendous power of the gold that changes
hands under these feudal banners. But Bunge . . . ? Now, that is something
else.

Unless you are in the grain business or fats and oils, it's very anonymous
indeed.

In terms of dollars and cents annual business, Bunge does rather impressively
with two billion dollars worth of annual business in some eighty countries!
One hundred and ten offices, linked in 2 most extraordinary manner by leased
channels, Telex and private . . . remember private . . . under-the-ocean
telegraph channels. The bill for communications alone is rumored to be
$500,000 a year!

The kind of market maneuvering that was planned by The Group called for the
utmost in communication facility, utilizing the most private, lightning-fast
means. Quite aside from the cost involved, setting up such a network was
impossible for The Group to do without leaving a broad trail of clues. They
had to find and control some members of an already operating import-export
organization which had at its command the necessary equipment and procedure
"chains". In all the world, Bunge-- because second-by-second fluctuations of
the world market made or lost it millions—possessed one of the finest
communications networks outside of any government. RCA Communications, a
little taken aback at the incredible assignments it fulfilled for Bunge,
issued a publication about the Bunge Corporation entitled "Modern Global
Communications Meet The Challenge."

The American Bunge Corporation is a privately held giant, financially
controlled by a group of share-holders whose headquarters is in Argentina and
is known as "Bunge and Born, Lda."!

The consistently Germanic tone in the structure of The Rumor finds a familiar
echo in a profile of Bunge in Business Week of October 19, 1963. Here are two
quotations from a well researched article about a company that gets very
little publicity.

"While the company is still close-mouthed about financial affairs, members of
the Born family in Argentina are believed to be the biggest shareholders."
The Bunge and Born founders immigrated from Europe to Argentina.

And later . . . "Directors are mostly naturalized immigrants or second
generation Argentinians of Belgian and German descent. Director Leon Mainzer,
for example, immigrated from Germany . . ."
It is not our intention to indulge in a smear-by-inference tactic by our
repetition of the recurring "German" note. Mainzer's name indicates to us
nothing more or less than that to attain such a post in such a company the
man must be a brilliant executive with a keen business mind. The point we are
making should be very clear indeed. If we are to explore The Rumor as it is,
we must accept one very basic fact. Mr. One and his companions (and they were
probably very few in number—perhaps fewer than five) were mostly German. In
choosing a large corporation dealing with Allied, The Group would simply find
it easier to select men they could approach on a social basis—and place under
R.H.I.C. without arousing their suspicion—if they spoke German.

Bunge had everything: a German influence in its home base of Argentina,
supra-flexibility in world communications, tremendous assets, and a strong
influence on and connection with Allied and Tino De Angelis.

Bunge, like Allied and Tino De Angelis, had nothing to gain and everything to
lose by an involvement with The Group. This, however, was of no consequence
to those individuals who planned one of the most incredible ways of acquiring
half a billion dollars ever conceived by the minds of men. And so it was
without their knowledge that Bunge and Tino were controlled to play their
part in the execution of the crime without the slightest awareness they were
being "used".

That Bunge support was critical to Allied cannot be argued.
On April 21, 1964, before the referee in bankruptcy, De Angelis was later to
testify.

Question (by David Ravin of Ravin & Ravin): "What percentage of Allied's
business, as far as exporting is concerned, did Bunge have?"
Answer (by Tino De Angelis):
"Possibly 40%."
Question:
"And what did the next highest have?"
De Angelis:
"Maybe ten or fifteen percent . ."

In moving into the new fields of edible oil storage and sales, De Angelis
opposed the powerful midwestern "crushers" who processed by crushing cotton
and soybeans into the makings of foodstuffs. Using the GuIf of Mexico as a
shipping point, they fed the world's supply down the Mississippi for the
port-pick-up by tankers.

The ever present threat that these midwestern groups might some day abandon
their trade connection with the import-export groups which sold the oils from
New York—and try to deal directly from the midwest—helped establish the
surface link between Bunge Corporation and Allied.

Because Allied was quickly established as the "cheapest source of supply," as
Bunge's American head put it, Bunge went "all the way" with Tino De Angelis .
. . (or, was it because someone at Bunge was "controlled" unknowingly almost
from the outset of the business arrangement?).

Soon Bunge and Allied seemed to be getting along famously. Bunge exported
about 100 million dollars worth of vegetable oil each year and Tino De
Angelis' Allied supplied most of it.

Where did the financing for this operation, which was a bit heady for the
Bronx hog-cutter, come from?
Well, Bunge lent Allied up to twenty million dollars at a time (holding
warehouse receipts) in order that De Angelis could get the raw materials he
needed to operate.

The most interesting and revealing factor is that Bunge used its own money to
finance De Angelis instead of resorting to bank loans.

Going even further in its paternal interest in De Angelis' business affairs,
Bunge allowed De Angelis to really take off into financial outer space . . .
by pledging at one point as much as thirty-eight shares of the hundred odd
shares of Allied stock and other De Angelis stock for huge loans. Someone in
Bunge supported him in his efforts to play king. Others, like Karl Groenfeld,
Senior Traffic Manager for Bunge, were suspicious.

The two companies frequently conferred on a price to be submitted abroad on
foreign orders. Bunge, the giant, reached down and lent its strength to
Tino's growing firm. Was this perhaps upon the advice of one or more within
Bunge who were controlled?

Bunge was by no means blind to the facts of life when the operations of The
Group started to use Tino's little empire in illegal ways. Bunge executives
were quick enough to descend upon Bayonne in 1962 to check on a rumor that
some of the oil they held receipts for was simply not in the tanks. These
executives and others had questions—many questions—many times—during the
wedding and marriage of Allied and Bunge. Was someone within Bunge covering
over and smoothing out the difficulties so that the two could be led to the
edge of the financial cliff? There is some reason for consideration of this
thought . . . which would, of course, add considerable weight to The Rumor!
That person or those persons at Bunge, Tino De Angelis at Allied, and Lee
Harvey Oswald in Texas—all innocent R.H.I.C. tools—formed the understructure
of The Rumor!


14.
Operation Control!

It was spring of 1961. The instruments of control were now all placed on the
chessboard of the world scene, ready to be moved by The Group to consummate
their plan.

Lee Oswald and Marina were in Moscow and were ordered to apply for visas to
go to the United States.
Was control by R.H.I.C. in force on at least one unsuspecting person in the
Bunge Corporation?
If R.H.I.C. control was present in Allied—with Tino himself or a most trusted
advisor under total R.H.l.C. manipulation—the time was ripe.

Dallas at this point was not the target city . . . not yet.

Lee Oswald was the designated "official" assassin and it was important that
he be back in America now . . . for the time-table of Allied's artificial
expansion and eventual financial bust was a matter of delicate timing, and to
put it bluntly . . . when it did topple, there was a President to be
assassinated immediately.

It was, of course, all a matter of months away . . . but it was a deed that
already cast its shadow ahead.
In May of 1961, Lee Oswald was directed under control to start the wheels
turning that would facilitate his return to the United States. This he did
(Warren Exhibit 973). Both he and Marina visited the U.S. Embassy in July for
an entry visa and simultaneously requested that the USSR Ministry of Foreign
Affairs grant an exit visa. It would take time, but then so would it take
time to propel Allied and Tino De Angelis up to dizzying heights of financial
jeopardy.

Mr. One received confirmation from an undercover associate in Russia that the
visas would all be worked out and in the month that followed, the trap was
carefully sprung on Tino De Angelis. This trap was to place him and Allied in
such a position that he would almost pathologically destroy Allied and
himself financially. In so doing, he would provide The Group with the kind of
working capital that they would need to sell the collapsing Allied short on
the commodity market when its eventual drop would be further panicked by the
deliberate assassination of the President! The prospective profit to The
Group was calculated to be ONE BILLION DOLLARS. (Evenly split up amongst a
dozen members, it was the kind of lure that men sell souls for). In fact, it
probably netted about half a billion.

It must be carefully considered that if R.H.I.C. controls were in force on
Tino and a Bunge official and on Oswald, there was really no reason for the
plan not to work. The susceptibility of the market to the kind of scandalous
collapse planned for Allied was well known. If the announcement could be made
suddenly, the market would drop sharply. If the President were to be
tragically murdered at that exact time the market would drop even further. It
was fiendish . . . but logical!

The most fragile part of the plan lay in the marksmanship at the
assassination scene and the elimination of Lee Oswald as soon after the
assassination as possible.

It was never planned that the actual assassination would rest on Lee Oswald's
ability to handle a rifle. It was important that he be apprehended or
identified as the assassin so that the psychological pressure of a
"never-ending" world search would not make The Group's lush existence a very
nervous one after the money was divided up.

In short, it was a workable plan, however scientifically sophisticated were
the procedures and however desperately evil the methods.

A clock began to tick . . . a clock that was attached to a kind of time bomb
that blew up something more precious than profits. It ended John F. Kennedy's
dream of Camelot in a world where evil has acquired most of the options. It
was, I suppose, inevitable that he and his wife, two young people on whose
shoulders the dreams of so many rested, had come to a confrontation with a
small group who represented the powers of darkness. Kennedy was an
exceptionally strong symbol of strength in a wavering civilization. The Group
was—as a unit— just as strong. Where he was cool and controlled, they were
heartless and controlled. Where he thought as a young President in terms of
tomorrow's dreams . . . they were not ashamed to use tomorrow's scientific
tools for a horrendous project now!
In examining the structure of The Rumor again and again, the author could
feel the tug of parallel influences which weighed against an easy dismissal
of The Rumor as just a harmless nightmarish fantasy.

Over and over again, the damning fact seems to be that too many of these
parallel incidents can be explained only in terms of The Rumor. "Coincidence"
becomes a mocking, leering clown's mask that keeps popping in front of us to
haunt our research.

Summer of 1961 was the ideal time to propel Allied and De Angelis into a
position where his back was to the wall. Then his very survival would appear
to rest upon his taking gambles beyond all of his previous concepts.

Up until this point, De Angelis' mistakes in operating Allied had been mostly
of the careless, sloppy type that had characterized his operation of Gobel.
There was rain water in the oil storage tanks. Sometimes, the inventory on
hand did not seem to match the receipts for loans and, in general,
free-wheeling Tino was running true to form.

The brilliant trading was still in evidence and Allied was by no means
anything at this point but an exciting business success story which had
raised the sights of Tino's ego even higher. During 1961, $166,600,000 was
deposited to Tino's firm at the First NationaI Bank of North Bergen.

Tino was led to believe that he had a sure order from Spain for 275 million
pounds of soybean oil! Payment for this would have amounted to thirty-six and
a half million dollars!

Heady brew indeed for the hog-cutter from the Bronx!

So, of course, began the inevitable build-up of Allied for the big let-down.
In his Bayonne tanks, De Angelis had about fifty million pounds of oil. That
left 225 million pounds for Allied to acquire in the future.

Tino turned to the Chicago Board of Trade, with a supposed Spanish "promise"
of eventual payment in American dollars. (Were he not controlled, this alone
would have alerted him to take a second look at the deal.) Tino started
dealing.... Allied is said to have closed over 3,000 separate contracts for
180 million pounds of oil. If the sale to Spain were not consummated, he
would have to put forth 18 million dollars for these orders. And even a
half-cent a pound drop in the futures price (if it occurred before delivery
date) would mean that De Angelis would have to produce almost a million
dollars more within twenty-four hours to meet the margin regulations of the
Exchange.

The Spanish deal, of course, as it had been controlled from the start . . .
vanished into thin air . . . leaving Tino sitting on top of the soybean world
in an almost insane predicament.
This was contrived to force him into a position of bluffing and to appear to
those around him to have a reason for such action.

Tino, in a decision that may very well have been R.H.I.C. implanted,
announced that he would keep the futures contracts he had purchased . . .
because surely there was some "mistake" and the Spanish buyers would
reconsider.

Further bolstering him publicly in this precarious stand, as luck would have
it, the Agriculture Department predicted record exports of vegetable oils for
the upcoming year of 1962.

The forecast proved over-optimistic and downward revisions of these prospects
were made periodically through the ensuing months.

What followed was fantastic! As unreal as anything that is part of The Rumor
is for a moment to believe that anyone (Spanish or otherwise) can just ease
out of a 36.5 million dollar deal and leave the other party stuck for 18
million dollars with no recourse. The answer perhaps is that without a shred
of basis, De Angelis was controlled to believe that he had such a deal. This
belief presumably was implanted under R.H.I.C., causing De Angelis to
undertake certain negotiations which later lent an aura of reasonableness to
his claim that his enemies were plotting against him and the deal had
vanished into thin air. Other men in the same business have since expressed
doubt when questioned on this point that there ever really could have been a
deal of this magnitude where the "change of mind" about such an order would
not have left an easy avenue of legal recourse.

According to all reports, there was no such recourse attempted. Reports that
he had hired a "battery of lawyers in Madrid" never were followed by any glad
tidings.

The catastrophic situation that Allied found itself in was then magnified by
a series of business maneuvers that will go down as the most incredible of
this century!

Suddenly De Angelis started doing things that seemed compatible only with a
plan for self-destruction. This kind of tendency had not marked his previous
sky-rocketing years. It appeared there was some influence in control of his
mind! Miller, in "The Salad Oil Swindle" states: "He increased his purchases
of future contracts far beyond the needs of his legitimate export business.
His future purchases could not be considered hedges against vegetable oil
orders. The prospect of orders was dimming, not brightening. The orders
existed only in Tino's ego-clouded mind".

Was his mind clouded by ego . . . or by R.H.I.C.?

Lest for a minute you consider that De Angelis was a simple little hustler
who had gotten out of his depth and decided to turn to crooked means and damn
the consequences, listen to this opinion of De Angelis by Morton Kamerman,
Managing Partner of the brokerage house, Ira Haupt a Company.

"De Angelis had been in this business a long time. He was the dominant factor
in it. These bankers had seen his plant and liked it very much, thought he
had a darned good operation. And, as far as risk was concerned, he had been
in the business a long time and to stay in the commodity business and stay
out of trouble for many years, meant that the fellow could not gamble."

. . . And yet, De Angelis set out, seemingly deliberately—or was it under the
compulsion of R.H.I.C.—to destroy his reputation beyond any possible chance
of repair . . . at a relatively young age!

Again, Miller on De Angelis, "Tino must have known his dream of cornering the
futures market was hopeless". This casual phrase has significant depth if we
reflect on the possibility of R.H.I.C. control. If in fact he "must have
known," then he would have proceeded only if he were impelled by a force
beyond the control of his conscious mind.

Mind you, it was not to save himself from a bankruptcy that he would commit
financial harikari. He had survived the bankruptcy of Gobel and indeed done
it rather well. It was not greed for sudden greatly expanded wealth. Norman
Miller put it well when he wrote, "Tino was not one to hoard money. His basic
interest in money was how it could further his reputation as an important
person. He wanted to be known as a big shot in the community, as well as in
the commodity trade. Outside of business, he cherished his image as a
respectable family man."

With this information on the man's make-up then, we are asked to believe (if
we wish to dismiss The Rumor) that what Tino De Angelis did from this point
on, he did while in conscious control of his actions. As you will see, it
simply doesn't add up!

Tino started a strange new kind of activity. It was characteristic of all his
behavior from that point on.
He started buying futures contracts, not on orders he had for Allied, but
supposedly on contracts he might be going to get. To do this (in view of the
fact that the Spanish debacle had put his back to the wall), he issued phoney
warehouse receipts indicating he had stored in his huge Bayonne tanks . . .
oil that did not exist! Was this just a little bluff that he thought he could
cover up with one handsome deal over an afternoon lunch?

Hardly.

In retrospect, Justice Charles A. Loreto, in May of 1964, commented on this
little lark of Tino's. (If we refute The Rumor, we presume that Tino made his
deals consciously with the thought he could replace the missing oil with a
handy truck delivery one moonlit night. The truth is that before Allied
collapsed, 1.8 billion pounds of oil vanished.)

"The disappearance or non-existence of the stupendous quantity of 1.8 billion
pounds of oil from the Allied tanks is one of the most extraordinary and
startling occurrences in the mercantile world during this century . . .,"
said Justice Loreto.

The pyramiding of the dead-end futures buying continued at a frantic pace in
October's first two weeks. Having just borrowed 2.5 million dollars from the
famed brokerage house of Haupt, Tino was buying futures and paying wherever
possible with warehouse receipts for oil that (as events later proved) either
vanished or simply never existed. This was a one-way street to utter
destruction for Allied.
pps 105-135
--cont--

Aloha, He'Ping,
Om, Shalom, Salaam.
Em Hotep, Peace Be,
Omnia Bona Bonis,
All My Relations.
Adieu, Adios, Aloha.
Amen.
Roads End
Kris

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