-Caveat Lector- <A HREF="http://www.ctrl.org/"> </A> -Cui Bono?- from: http://www.aci.net/kalliste/ Click Here: <A HREF="http://www.aci.net/kalliste/">The Home Page of J. Orlin Grabbe</A> ----- Accidents Happen Former CIA Director Seriously Injured in Plane Crash by J. Orlin Grabbe Admiral Stansfield Turner, former CIA director under Jimmy Carter, and one of the nation's top experts on nuclear and biological weapons, has been seriously injured in a plane crash in Costa Rica. His condition was listed as stable in Hospital Mexico. The twin-engine plane, a Czech LET 410, bearing the tail number YS-09-C, went down 3 minutes after leaving Tobias Bolanos airport. Four people were killed, including Turner's wife Karen, and 15 others injured. The crash was headlined in Costa Rican newspapers on Sunday, with no recognition of the fact that the former CIA director was among the passengers, nor that he was traveling with Spanish passengers apparently working for Spanish intelligence. Further information can be found at the Strategic Intelligence website. Spy Bucks United Petroleum: Petrodollars & CIA by James Norman Last November, United Petroleum Corp of Knoxville, Tennessee, emerged from 10 months in Chapter 11 bankruptcy reorganization. The event got little notice: United expected to earn just $2.4-mil this year on revenues of $7.5-mil, mainly from selling gasoline through a handful of carwash outlets in Tennessee and Georgia. Little is left of United's oil and gas E&P unit, Jackson United Petroleum. Its 75% stake in 19 Pennsylvania wells was due to be sold last year for about $700,000. Sources say a Kentucky drilling play petered out amid questions about United's ownership of lease rights. The company failed to return numerous calls for comment. But for some reason, this obscure little oil company has attracted some big-name players. Among names that cropped up on United's board in the months before its bankruptcy filing: Eugenio (Rolando) Martinez. Miami-based Martinez, now 77, may be best remembered as one of the infamous team of Watergate "plumbers," hired by CIA agent E. Howard Hunt to break into the offices of the Democratic National Committee in June 1972. Before that, Martinez had participated in the break-in at the office of the psychiatrist of "Pentagon Papers" whistle-blower Daniel Ellsberg. Martinez had been one of the anti-Castro Cubans on the CIA's payroll under Miami station chief Ted Shackley in the early 1960s. He spent 15 months in prison but was the only Watergate felon to get a pardon, by President Reagan. Martinez is still "engaged in consulting on international trade and finance," says a United filing. When asked by the Miami Herald recently if he still works for the spy agency, Martinez' only response: "Classified." Martinez joined the United board in August 1997, soon after control of the company fell into the hands of Clark K. Hunt, the 34-year-old manager of HW Capital and a former director of Placid Oil. Clark Hunt (no relation to E. Howard) is a former Goldman Sachs investment banker and part of the Lamar Hunt branch of the Dallas Hunt clan. Clark Hunt's Infinity Investors had bought a large chunk of $28-mil in convertible debentures sold by United in a "Reg S" offshore offering in 1996. United got less than $18-mil of that. The rest was discounts and commissions. Infinity and its affiliates, set up as offshore trusts, claimed to be foreign investors, even though controlled from Hunt's offices in Dallas. Their purchase contracts vowed they were long-term investors. (United is not the only Reg S oil play by Hunt's group. In 1998 Infinity and other Hunt units purchased large amounts of offshore convertible debt of New York-based American International Petroleum Corp, which has two large oil and gas exploration tracts in Kazakstan. AIPC's board includes Donald Rynne, a close acquaintance of late CIA director William Casey. Last month former US ambassador to Finland, John Kelly, replaced former ambassador to Saudi Arabia, Richard Murphy, on AIPC's board. AIPC last week said it won a delay to Feb 4 on conversion of its debentures while it tries to complete a refinancing.) Another buyer of United's debentures was Lake Management, a Cayman Islands firm run by commodities trader Daniel Asher. Asher was banned as a floor broker by the Commodity Futures Trading Commission in 1998. He now reportedly operates a flight service facility near Chicago. In 1997, disgruntled United shareholders sued, claiming securities fraud and stock manipulation by Hunt, Infinity, Lake and their affiliates. They alleged the buyers were ineligible under Reg S and violated their contracts by selling "short" large amounts of United stock at prices up to $7/share in mid-1996. United's stock plunged to under $0.50/share later that year. Hunt's group tried to ditch the shareholder suit in United's Delaware bankruptcy case, but failed. A hearing is set Feb 7 on reviving that class action. Meanwhile, United has merged with a Miami convenience store chain controlled by Cuban native Joe Bared. The Bared family now owns 48% of United and Hunt's group still owns 34%. As part of the deal, United bought out the Bared's 10% partners in a separate drive-through grocery chain, Miami's Isaias family. Until last July, when they sold it to Union Planters Bank of Memphis for $412-mil, the Iasais clan controlled Miami-based Republic Banking Corp of Florida, with Joe Bared a director there. One likely reason for the bank's sale: As of last May the Federal Reserve Board had not cleared background checks sought in mid-1996 on Republic directors Roberto, William and Estefano Isaias. Such approval is needed for a foreign-controlled bank to buy another US bank. The Isaias family has also had large television, textile, mining and fruit interests in Ecuador, where regulators in late 1998 took over Filanbanco, a major bank controlled by the family. Platt's Oilgram News, January 17, 2000 ----- Aloha, He'Ping, Om, Shalom, Salaam. Em Hotep, Peace Be, All My Relations. Omnia Bona Bonis, Adieu, Adios, Aloha. Amen. Roads End <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are not allowed. Substance�not soap-boxing! These are sordid matters and 'conspiracy theory'�with its many half-truths, misdirections and outright frauds�is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. 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