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Offline 9/11-insider trading

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AIG-9 11
« on: May 31, 2010, 03:30:56 pm »
9/11- AIG profit scheme-

Main WTC insurer: AIG/Marsh/ACE- sold the risk and reinsurance to their competition.
http://onlinejournal.com/artman/publish/article_1291.shtml
http://www.nytimes.com/2001/10/23/business/23LLOY.html?pagewanted=1

Ace Bermuda ltd. only required a single insurance payout to Silverstein Properties as oppose to other reinsures-
Only ACE, XL Reach - strategic partners of AIG and currently owned by AIG - included a WilProp in their clauses. ACE agreed to pay $298 million and XL $67 million, a total of $365 million, to settle all claims. Both companies took pains to announce that the settlement was based on "one event," rather than two, as Silverstein has asserted in the company's lawsuit against Swiss Re and other insurers. "The settlement is based upon a single occurrence and therefore will comprise payment of only one policy limit," said the ACE bulletin.

http://www.insurancejournal.com/news/east/2002/02/18/15749.htm

9/11 insider trading:
Many are aware of the surge in put options purchased on American and United Airlines as well as several major tenants of the WTC in the days preceding 9/11, purchases the 9/11 Commission Report waves away in a footnote on pg. 499 as having no connection with the events of 9/11 because the unnamed “institutional investors” responsible had “no conceivable ties to al Qaeda”. More obscure, and NOWHERE mentioned in the Commission Report, are the facts of the WTC computer data recovery operation undertaken in late 2001 by Convar GmbH, a German firm. Under conditions of hermetic secrecy, Convar used its proprietary technology to salvage data from the damaged hard drives of WTC tenants.

Confirmation:
http://www.rediff.com/money/2001/dec/17wtc.htm
http://archives.cnn.com/2001/TECH/industry/12/20/wtc.ha... /
http://www.foxnews.com/story/0,2933,41004,00.html
http://app1.chinadaily.com.cn/star/2001/1220/fe19-1.htm...

http://press.convar.com/pdf/de/Presse_echo_17_12_2002.p...
http://www.convar.de/multimedia.htm?po=3&language=1#WTC

6 months later ZDF journal 3/11/02:
http://www.youtube.com/watch?v=4-OClX54EFQ

A rare follow up by the Dutch television documentary programme Zembla 9/10/06:
http://www.youtube.com/watch?v=Nh3_wWmS6lk

•   Richard Wagner, a data retrieval expert at the company, said illegal transfers of more than $100 million might have been made immediately before and during the disaster. "There is a suspicion that some people had advance knowledge of the approximate time of the plane crashes in order to move out amounts exceeding $100 million," Wagner said. "They thought that the records of their transactions could not be traced after the main frames were destroyed
•   Henschel told AFP that “up to the last moment,” between the time that the first tower was hit until the second tower collapsed, there was an “unusual” increase in trading volume of “between 5 and 10 times the normal volume.”

•   Note: Floor numbers in  red  are part of American Airlines Flight 11's impact area of the North Tower:
101   Cantor Fitzgerald, Kidder, Peabody & Co., ESpeed

100   Marsh USA

99   Marsh USA

98   Marsh USA

97   Marsh USA

96   Marsh USA

95   Marsh USA        

94   Marsh USA

93   Marsh USA, Fred Alger Management


“Let me tell you what Marsh was up to… In 2000 SilverStream was contracted by Marsh to provide a technological solution beyond what we had done for any of the above-named companies; in sofar as it would be used to electronically connect Marsh to its major business partners via internet portals, for the purpose of creating “paperless transactions” and expediting revenue and renewal cycles, and built from the ground up at the client’s site.

“SilverStream provided a specific type of connectivity that was used to link AIG and Marsh & McLennan- the first two commercial companies on the planet to employ this type of transaction- and in fact Marsh was presented with something called the ACORD Award in the summer of 2001 for being the first Commercial Corporation to do so and what you should take away from that is this: it means that no other companies were doing this type of transaction, so the question in your mind should be- what then were Marsh and AIG doing, and why did they need to leverage technologies that no other commercial entity on the face of the earth needed to conduct business?”
Richard Andrew Grove, SilverStream Software.  Ex-client for Marsh & McLennan
http://ourworldinbalance.blogspot.com/2006/04/story-of-richard-andrew-grove.html

MMC/AIG insurance rigging subsidiary formed one month after 9/11-

“Insurance Prices Soaring, A.I.G. Chief Says”
By JOSEPH B. TREASTER
Published: October 10, 2001
“Maurice R. Greenberg, the chief executive of the American International Group, said yesterday that insurance prices were rising ''by leaps and bounds'' in the aftermath of the terrorist attacks on the World Trade Center and the Pentagon.”
http://www.nytimes.com/2001/10/10/business/insurance-prices-soaring-aig-chief-says.html?scp=1&sq=Insurance%20Prices%20Soaring,%20A.I.G.%20Chief%20Says%20&st=cse

“Still, just days after September 11, Greenberg and top MMC execs met to figure out how to profit from the disaster. They formed a subsidiary -- Axis Specialty Ltd. -- to sell insurance to corporate customers at three or four times the rates before September 11. MMC says that it was merely "meeting market demands."

For some industry players the move recalled what Greenberg did in 1992 after Hurricane Andrew slammed into South Florida and wiped out some $15 billion worth of property. Jeff, who was working for dad at AIG, sent out an internal memo stating: "This is an opportunity to get price increases now."
http://www.businessweek.com/magazine/content/04_44/b390...


“Spitzer allegedly investigates 9-11: but no real progress is made. Simultaneous to this, Spitzer allegedly investigates the post 9-11 AIG, Marsh Insurance Scheme; wherein hundreds of billions of dollars were skimmed from fattened insurance quotes- it is my contention that the technology my ex-employer provided was fundamental to the perpetration of this scheme. Spitzer’s investigation finds AIG guilty, yet only penalized them $ 1 billion- less than 1% of what they stole, and of that $ 1 billion, Marsh & McLennan had to pay $800,000,000 of it.”
http://ourworldinbalance.blogspot.com/2006/04/story-of-richard-andrew-grove.html

Global drug trade:

“FTW [From the Wilderness] moves deeper into its multi-part investigation - inspired by revelations of possible 1987-92 drug money laundering involving AIG, Goldman Sachs and the Arkansas Development Financial Authority (ADFA) - attention now focuses on Talavera's employer, AIG. These events increased my interest in the 1987 founding of Coral Reinsurance (Coral Re) by AIG, Goldman Sachs (whose then Vice Chairman Robert Rubin served as Treasury Secretary in the Clinton Administration) and ADFA. Lehder, arrested in 1987, was allowed to keep almost $3 billion in assets in a move severely criticized by Merkle. Where did that money go? Was it hidden it in a major insurance company with cash flows large enough to conceal it? This question, more than any other, except establishing Lehder's current status, prompted me to begin this investigation.”

And . . ."FTW has also conducted an extensive investigation into AIG and its predecessors, including the C. V. Starr Insurance Companies, revealing deep connections to US intelligence dating back to the Office of Strategic Services (OSS) in World War II. These connections include documented CIA operatives connected to drug smuggling from Southeast Asia and a current board member, Frank Wisner, Jr., whose father was a key figure in the creation of the CIA. History, as well as AIG's current operations, suggest that these relationships continue unabated today . . ."

And another . . ."AIG has also been connected, albeit indirectly, to a major money laundering case. As the insurance carrier for the Bank of New York (BoNY) they are defending BoNY in a suit filed this year by BoNY shareholders charging mismanagement of the bank. That suit arose from revelations (See FTW Vol II, No.7, 9/99) in the major media that BoNY had been involved in laundering between $7 and $10 billion in criminal money out of Russia during the 1990s under its Chairman, Thomas Renyi. A credible source has told me, but I have not been able to confirm it, that AIG also insures the U.S. Department of Justice which was charged with investigating BoNY and which decided not to file criminal charges in 1999.”

•   The world's "market leader" in leasing and remarketing of advanced technology commercial jet aircraft - "the most modern fleet of aircraft in the world. " With 2000 revenues of $2.44 billion AIG owns a fleet of 494 jets, 89 of which it "manages" itself. Clients include airlines in U.S., Canada, Europe, Asia, the Middle East and South America where, in 2000, it leased, "additional aircraft to a number of established customers."
•   Maurice “Hank” Greenburg – The CEO of AIG insurance, manager of the third largest capital investment pool in the world, was floated as a possible CIA Director in 1995. FTW exposed Greenberg’s and AIG’s long connection to CIA drug trafficking and covert operations in a two-part series that was interrupted just prior to the attacks of September 11. AIG’s stock has bounced back remarkably well since the attacks. To read that story, please go to http://www.copvcia.com/stories/part_2.html.  
http://www.fromthewilderness.com/free/ciadrugs/part_2.html
AIG/MARSH/ACE insured WTC!
Kroll provided security for WTC complex!
Blackstone mortgaged WTC 7!  Headed by Peter J. Peterson, current head of the CFR, the Blackstone Group bought into Kroll in 93 at the same time as AIG took majority control. Henry Kissinger sits on the board of the Blackstone Group.
http://www.accessmylibrary.com/coms2/summary_0286-28446975_ITM

http://www.nytimes.com/1994/09/01/business/a-midlife-crisis-at-kroll-associates.html
http://www.nytimes.com/1998/07/31/business/aig-will-put-1.35-billion-into-blackstone.html



All companies were financially interrelated on 9/11 and continue to be so.





Offline 9/11-insider trading

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Re: AIG-9 11
« Reply #1 on: June 09, 2010, 09:43:48 pm »
Marsh TO LAUNCH Crisis unit



Marsh & McLennan Cos.' Marsh Inc. insurance-brokerage unit has announced the formation of a crisis-consulting practice headed by L. Paul Bremer, former ambassador-at-large for counterterrorism under President Reagan. According to a report in The Wall Street Journal, the new unit has been in the works for months, Bremer said, and isn't a reaction to the Sept. 11 attacks. But he added that the strikes had sped up the unit's launch. Bremer said the new practice will focus on catastrophic risks, those that have the potential in some cases to put a company out of business. Marsh & McLennan, headed by Jeffrey Greenberg, is among the companies responding most quickly to the changing business environment that has followed the attacks. Late last month, the company said it would raise $1 billion in capital to help form a new Bermuda-based insurer, Axis Specialty Ltd., one of the first efforts to take advantage of the higher insurance prices and increased demand for insurance that have resulted from the attacks. Other insurers are getting involved to provide capacity as well, knowing that increasing prices could mean a better return on their investment. Bermuda reinsurer RenaissanceRe Ltd. said Oct. 10 that it would form a new catastrophe reinsurer called DaVinci Re with $500 million in capital. State Farm Mutual Automobile Insurance Co., Bloomington, Ind., will contribute $200 million of that, with RenaissanceRe "targeting" an investment of $100 million. RenaissanceRe didn't name other potential investors."

Read more: http://www.insurancejournal.com/magazines/southcentral/2001/10/22/newsbriefs/#ixzz0qPkZSoLr




Offline 9/11-insider trading

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Re: AIG-9 11
« Reply #2 on: June 09, 2010, 10:12:04 pm »
Prove Richard Andrew Grove worked for SilverStream and Marsh and this is case closed.

http://www.youtube.com/watch?v=P3T7ihOgYn4&feature=related

I suggest watching (2:15-3:30)

Offline 9/11-insider trading

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Re: AIG-9 11
« Reply #3 on: June 10, 2010, 01:22:22 am »
Overview of SilverStream & money laundering

About SilverStream Software, Inc.
SilverStream Software, Inc. (Nasdaq: SSSW) provides the first comprehensive visual integrated services environment to simplify and accelerate the development of sophisticated business applications. SilverStream's award-winning technology is based on the best of Java, XML, and Web services, and enables businesses to unlock the potential of existing systems and rapidly deliver business applications to the Web
http://www.novell.com/news/press/archive/2002/06/pr02045.html

Novell and SilverStream Software today announced that Novell has entered into a definitive agreement to acquire SilverStream. The $212 million dollar cash acquisition is part of Novell's plan to become a leading force in the Web services space. Silverstream and its eXtend web services and J2EE products will be absorbed into the Novell brand
http://www.theserverside.com/news/thread.tss?thread_id=13894

In July 2002, Novell took another significant step forward with its acquisition of SilverStream Software, a leader in Web services-oriented application development. The addition of SilverStream gave Novell a powerful, three-pronged Web services story: the expertise to convert business processes to Web services, a leading Web services application platform, and Novell's traditional secure, scalable, and reliable networking and identity management infrastructure on which to run Web services-based applications.
http://www.novell.com/news/press/pressroom/history.html

According to a Press Release dated June 20, 2001, a securities fraud class action was filed against Silverstream Software, Inc. The lawsuit asserts claims under Sections 11, 12 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the SEC thereunder and seeks to recover damages. Any member of the class may move the Court to be named lead plaintiff. If you wish to serve as lead plaintiff, you must move the Court no later than August 20, 2001.

The complaint alleges that Silverstream Software, Inc., David R. Skok, its Chairman, David A. Litwack, its President and CEO, and Craig A. Dynes, its CFO, violated the federal securities laws by issuing and selling Silverstream Software common stock pursuant to the IPO and secondary offering without disclosing to investors that at least two of the lead underwriters in the IPO and secondary offering had solicited and received excessive and undisclosed commissions from certain investors.

In exchange for the excessive commissions, the complaint alleges, lead underwriters Morgan Stanley Dean Witter & Co., Inc. and FleetBoston Robertson Stephens, Inc. allocated Silverstream shares to customers at the IPO price of $16.00 per share. To receive the allocations (i.e., the ability to purchase shares) at $16.00, the defendant lead underwriters' brokerage customers had to agree to purchase additional shares in the aftermarket at progressively higher prices. The requirement that customers make additional purchases at progressively higher prices as the price of Silverstream stock rocketed upward (a practice known on Wall Street as laddering) was intended to (and did) drive Silverstream's share price up to artificially high levels.

This artificial price inflation, the complaint alleges, enabled both the lead underwriters and their customers to reap enormous profits by buying Silverstream stock at the $16.00 IPO price and then selling it later for a profit at inflated aftermarket prices, which rose as high as $32.50 during its first day of trading. The complaint further alleges that Silverstream was able to price the secondary offering of Silverstream stock at an artificially high $114.00 per share due to the continued effects of the foregoing violations. Rather than allowing their customers to keep their profits from the IPO, the complaint alleges, the defendant lead underwriters required their customers to kick back some of their profits in the form of secret commissions.

These secret commission payments were sometimes calculated after the fact based on how much profit each investor had made from his or her IPO stock allocation. The complaint further alleges that defendants violated the Securities Act of 1933 because the Prospectuses distributed to investors and the Registration Statements filed with the SEC in order to gain regulatory approval for the Silverstream offerings contained material misstatements regarding the commissions that the underwriters would derive from the IPO and secondary offering and failed to disclose the additional commissions and laddering scheme discussed above.

http://securities.stanford.edu/1018/SSSW01 /


SilverStream work with Marsh & McLennan just prior to 9 11 & insider trading:
*Richard Andrew Grove, SilverStream Software.  Ex-client for Marsh & McLennan

"In the Spring of 2001, I was negotiating a $5 million license renewal and services contract with Gary, to complete Marsh’s list of requirements for the Marsh.com project. Simultaneous to my efforts to close this deal, I was concerned that SilverStream was over-billing Marsh… to the tune of $7 million or more"



• Silverstream built trading applications for:
• Merrill Lynch
• Deutsche Bank
• Bankers Trust
• Alex Brown
• Morgan Stanley
• AIG
•   Some of the above companies moved into the WTC and simultaneously completed disaster recovery and business continuity implementations just prior to 9/11.

“Let me tell you what Marsh was up to… In 2000 SilverStream was contracted by Marsh to provide a technological solution beyond what we had done for any of the above-named companies; in sofar as it would be used to electronically connect Marsh to its major business partners via internet portals, for the purpose of creating “paperless transactions” and expediting revenue and renewal cycles, and built from the ground up at the client’s site.

(“Paperless transactions”):
http://archives.cnn.com/2001/TECH/industry/12/20/wtc.harddrives.idg/  
http://www.youtube.com/watch?v=4-OClX54EFQ

SilverStream provided a specific type of connectivity that was used to link AIG and Marsh & McLennan- the first two commercial companies on the planet to employ this type of transaction- and in fact Marsh was presented with something called the ACORD Award in the summer of 2001 for being the first Commercial Corporation to do so and what you should take away from that is this: it means that no other companies were doing this type of transaction, so the question in your mind should be- what then were Marsh and AIG doing, and why did they need to leverage technologies that no other commercial entity on the face of the earth needed to conduct business?”
http://findarticles.com/p/articles/mi_m0EIN/is_2001_May_30/ai_75116932/
http://www.insurancejournal.com/news/national/2000/12/11/11587.htm

Post 9 11 insurance fraud:

“Spitzer allegedly investigates the post 9-11 AIG, Marsh Insurance Scheme; wherein hundreds of billions of dollars were skimmed from fattened insurance quotes- it is my contention that the technology my ex-employer provided was fundamental to the perpetration of this scheme. Spitzer’s investigation finds AIG guilty, yet only penalized them $ 1 billion- less than 1% of what they stole, and of that $ 1 billion, Marsh & McLennan had to pay $800,000,000 of it.”
http://ourworldinbalance.blogspot.com/2006/04/story-of-richard-andrew-grove.htm

http://www.businessweek.com/magazine/content/04_44/b3906001_mz001.htm