Thursday, August 21, 2003

The Great Iraqi Bank Heist

Shortly before U.S. forces began streaming across the Iraqi border, commencing Persian Gulf War II, the CIA and the Department of Defense, with a little help from Israel and some Europeans, pulled off a massive bank heist in Iraq to the tune of several billion dollars.

The CIA and the Defense Intelligence Agency (DIA) are accused by International Currency Review, the London-based journal, of mounting a joint ultra-secret operation to electronically remove an estimated $10 billion out of the Iraqi Central Bank hours before the start of Persian Gulf War II. The whereabouts of the money is not known.

“We believe it is in a secret CIA fund which will be used to mount further special services operations, such as tracking down Saddam Hussein,” said the Review’s publisher, Christopher Story.

Story is a former financial advisor to Lady Thatcher when she was Britain’s prime minister. In the past 10 years, he has testified before several congressional committees dealing with financial scandals.


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