Asian and Worldwide Financial Commotions

THE PEREGRINE AFFAIR
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By Sherman H. Skolnick

Early in 1997 we began investigating a worldwide enterprise which has had a low profile outside of the banking and brokerage
industries: PEREGRINE INVESTMENT HOLDINGS LTD. A lot of their business was centered in Chicago, through a commodity brokerage,
PEREGRINE FINANCIAL GROUP, INC.

Few at the time had ever heard of Peregrine except those in their field. Knowledgeable sources insisted that Peregrine, in one way or another, was closely linked to the American CIA. As critics of the spy agency, we naturally were interested.

It should come as no surprise that financial intermediaries of various stripes have been linked to or have fronted for the U.S. spy apparatus, or for foreign versions of the same. In spy jargon, they are called proprietaries. For example, there was the infamous NUGAN HAND BANK, operating from about 1973 to 1980 in Australia, California, the Philippines, and London. (ALL THE HEROIN MONEY the CIA earned in SOU.EA.ASIA during Nam war went into that bank.) Top former military brass and intelligence officials (of the Vietnam Era,) held key posts in this so-called bank. The general counsel of the bank was WILLIAM COLBY, former Director of Central Intelligence. When one of the founders of the bank was murdered, Colby’s business card was one of the few pieces of evidence left on the body.

The successor to Nugan Hand Bank reportedly has been HOUSEHOLD INTERNATIONAL and HOUSEHOLD BANK, now headquartered in the Chicago suburb of Prospect Heights. Household became part of an espionage-style mystery since about 1984, when $58.4 million of federal funds were parked with them to make good the large claims of a caulking contractor swindled by various banks and savings and loans. The claims of JOSEPH ANDREUCCETTI, still pending at this writing, were involved when Household, with the help of bank regulators, merged with a local savings and loan, AMERICAN HERITAGE. Soon after the funds were parked, officials of the S&L were prosecuted and sent to prison, for various crimes.

In 1988, $50 million of those escrowed funds disappeared. Thirty-two purported government bookkeepers could not find them. The monies were secretly transferred to LITTLE ROCK, ARKANSAS to make good the embezzlement of $47 million from MADISON GUARANTY SAVINGS & LOAN, for which BILL and HILLARY CLINTON are subject to being prosecuted for federal crimes and sent to prison. Bill Clinton, while Arkansas governor, transferred the mysterious $50 million to a known dope money laundry center in the Caribbean with the help of FUJI BANK and, reportedly, HENRY HYDE. In May 1996, CONGRESSMAN DAN BURTON (R., Ind.) gave some details in the Congressional Record. He promised more details shortly thereafter, but never filled in the gaps. Was the Congressman prevented by reasons of national security?

Said Congressman Dan Burton: ADFA [Arkansas Development Finance Authority] was created by Governor Clinton in 1985 to provide economic development loans in Arkansas. In December of 1988, ADFA deposited $50 million in a Japanese bank in the Cayman Islands. I have a copy of the contract that I will enter into the record. I have also delivered a copy of this document to the Independent Counsel’s office. Why should an economic development agency in Arkansas deposit $50 million in a bank in the Cayman Islands? The Cayman Islands are a well-known center of money laundering for drug dealers. The State Department’s international narcotics control report described the Caymans as “a haven for money laundering.”

Representative Burton went on to say

One of the questions that I think is very, very important is, Why did the Arkansas Development Finance Authority send $50 million of Arkansas money to deposit in a bank in the Cayman Islands, which is a major drug transit point acknowledged by almost every DEA agent in the world? Congressman Burton further stated: I have the electronic bank transfer statements in my office. I am going to put them in the Congressional Record. There is no doubt the money was wired to the Cayman Islands. The question needs to be asked: Why was it wired? Why would the governor of Arkansas allow that?

(Congressional Record, 5/29/96, H5627-28)

Because of apparent blackmail, Congressman Dan Burton was stopped from putting the documents into the Congressional Record. Or was it because of national security tied in some way to Bill Clinton’s role, from an early age, with the American CIA? [1] [2]

HENRY HYDE has had several hats. For many years, he has been a Congressman from the Chicago area. Hyde for a while he was a director of Chicago suburban CLYDE SAVINGS & LOAN ASSOCIATION, a purported CIA proprietary. When the federal S&L bailout agency, Resolution Trust Corporation (RTC), sued Hyde, as an S&L director accused of misconduct, a CIA attorney was brought into the federal district court case, and the case thereafter was no longer in open court and the records ordered kept secret.

Hyde has also been the head of the CIA’s “black budget,” funding covert operations, domestic and foreign, including overthrowing governments and political assassinations. In this regard, Hyde violates the U.S. Constitution’s mandate of Separation of Powers: Hyde is in the forbidden role of sitting in the legislative and executive branches of government at the same time. HE IS SO DIRTY!

A comparison of the different versions of CIA money laundries is instructive. NUGAN HAND BANK transferred, in a clandestine manner, huge amounts from military and espionage agent gambling pools. Also laundered were the proceeds from the official corruption involved in stealing U.S. military equipment from Viet Nam during that war, and marketing the stolen items to dictators and mercenary armies worldwide. Nugan Hand handled CIA funds for the National Security Agency’s (NSA) secret missile and satellite tracking stations in Australia, such as at ALICE SPRINGS. Nugan Hand took sizeable deposits from U.S. engineers and others working in the Persian Gulf oil fields; funds handled to escape various prying eyes such as tax collectors. Nugan Hand also laundered Golden Triangle dope funds. (Some details are in the book, The Crimes of Patriots, by Jonathan Kwitny.)

HOUSEHOLD reportedly continued as a money laundry in similar transactions. Their facilities in the southern states reportedly laundered clandestine funds—from CIA covert operations, dope loot, and such—disguised as mortgage servicing transfers. A portion of the funds that disappeared under Henry Hyde’s watch as CLYDE SAVINGS S&L director went through Arkansas and through a Little Rock-based purported commodity broker. What was a Chicago suburban S&L—Henry Hyde’s place—doing sending a lot of their federally-insured depositors’ funds to ARKANSAS??

To be noted is that BILL and HILLARY needed 47 million of the 50 million dollar secret transfer to cover up their apparent embezzlement. What happened to the $3 million difference? Around November 1991, CLINTON started his campaign for President. Raising funds by arm-twisting (some say corruption and extortion) was RAHM EMANUEL, an expert at such things. The Chicago Tribune, in their Sunday Magazine cover story about Rahm Emanuel, said: “Between the time he came on board in November 1991 to the first of the year, SOMEHOW $3 MILLION WAS RAISED,” says David Wilhelm of Chicago, the campaign director at the time and former chairman of the Democratic National Committee. ”It was enough to catapult him [Clinton] into front-runner status.” (Chicago Tribune Magazine, Sunday, 11/23/97, page 34. Emphasis added)

Reportedly part of Israeli Intelligence, the Mossad, RAHM EMANUEL became senior Clinton White House advisor, but was removed, demoted, just prior to the strange death of Clinton White House deputy counsel Vincent Foster, Jr. By apparent blackmail tied to the Foster demise (some call it murder) Emanuel was restored to the status of senior Clinton White House advisor by the time of the 1996 re-election period. The strange $50 million fund has become a virtual gambling casino chit, showing up in various places, not to be used as money but
as a bargaining vehicle. Is the following a mere coincidence? When PRINCE CHARLES was to divorce PRINCESS DIANA, he did not want to sell off his royal properties for Diana’s marriage dissolution pay-off. So what did he do? He received an alleged ”loan” of $50 MILLION FROM HOUSEHOLD BANK, LONDON.

Some say the age-old fight between the French ROT*SCHILDS, in with the VATICAN, and the British, including the ROCK*ELLERS, is the basis in some way for the HONG KONG market smash-up. The British royals are deeply involved in financing and laundering in the dope traffic, through, reportedly, HONG KONG & SHANGHAI BANK (HONG SHANG BANK), involved itself in the dope financing business all the way back to the 19^th century “Opium Wars” between England and mainland China.

The mother ship has been PEREGRINE INVESTMENT HOLDINGS LTD. They tried to get a ROC*FELLER enterprise, FIRST CHICAGO NBD CORPORATION, parent of the FIRST NATIONAL BANK OF CHICAGO, to bail out Peregrine, mired in a supposed problem. The mainstream press (we call them the press-fakers) contend Peregrine loaned $275 million to the STEADY-SAFE TAXI COMPANY in Indonesia, which cannot or will not pay it back. Knowledgeable sources contend that the amount is actually $300 million, and that embedded in the strange deal is the selfsame mysterious $50 million—originally intended to make good the claims of JOSEPH ANDREUCCETTI, then apparently used to cover-up the embezzlement of MADISON GUARANTY S&L, then apparently wire-transferred to the Cayman Islands, and then apparently “loaned” to PRINCE CHARLES.

As reported in the Chicago Tribune, January 10, 1998, about the STEADY-SAFE TAXI deal, “Peregrine’s shares plunged 20 percent this week, and the Hong Kong Securities and Futures Commission suspended its stock exchange membership after word spread that the firm is owed about $275 million by a taxi company in Indonesia.”

Shortly thereafter, at a U.S. press conference, Peregrine announced they are petitioning for Bankruptcy Court protection against creditors. Some observers—are they serious? -- insist that investigations by myself and the CITIZENS’ COMMITTEE TO CLEAN UP THE COURTS of Peregrine over the previous year, and of their reputed links to CIA, caused CIA to abandon Peregrine. Some even insist that =we= instigated the Chicago Tribune story. As we of the CITIZENS’ COMMITTEE TO CLEAN UP THE COURTS have told you in exclusive stories: five federal judges in Chicago were bribed some $62 million to cover up federal litigation involving CLINTON dope loot disguised as soybean deals on the CHICAGO BOARD OF TRADE. Involved were hundreds of millions of dollars of supposed soybean deals, actually funds for Clinton’s two presidential campaigns. The press-fakers are not telling us how Chinese and ethnic Chinese have obtained an armlock on the markets in Chicago—Chicago Board of Trade, Chicago Mercantile Exchange, and the Chicago Board Options Exchange—for the apparent purpose of laundering huge sums of bribery, extortion, and bloody dirty-tricks funds, used by the circle of high-level thieves that installed Clinton—their puppet—as President. Involved are much more than relatively small campaign financing sums.

THE PEREGRINE AFFAIR, supposedly revolving around the STEADY-SAFE TAXI COMPANY owned in part by the Indonesian dictator’s daughter, actually involves profound corruption. Peregrine’s alleged fight over the $300 million is =actually= a dispute with LIPPO GROUP and LIPPO BANK, already identified as CLINTON funders and bribers.

It is no secret that PEREGRINE, by various devious means, reportedly tried to stop the investigation by the CITIZENS’ COMMITTEE TO CLEAN UP THE COURTS into reports that indicated that Peregrine =was= and =is= a CIA proprietary. (By the way, according to Justice Department records released to us under Freedom of Information, the CIA’s past expert on their proprietaries and how to fold them up and make them disappear as purported bankruptcies has been William A. Brandt, Jr., now an alleged U.S. Bankruptcy Court Trustee in Chicago. He apparently
still specializes in the same thing! Will Peregrine’s problems land in the highly corrupt Chicago courts?)

-+- Fall-Out From The Peregrine Collapse -+-

There are reasons to believe PEREGRINE is another successor, like HOUSEHOLD, to the NUGAN HAND BANK. There has been plenty of
fall-out: 1) A Swiss group linked in some way to Peregrine. Was Vince Foster’s death (some say it was murder) linked to that? He often
travelled on clandestine missions for NSA to Switzerland. 2) Caught up in the middle of the dope/soybean mess in Chicago was the VATICAN-owned soybean octopus, FERRUZZI. The Clintons, on one side of the federal court litigation, squeezed Ferruzzi into bankruptcy, to the ultimate benefit of the Clintons, ARCHER-DANIELS-MIDLAND, and CARGILL. The head of Ferruzzi, RAUL GARDINI, was murdered about the same time as Vince Foster’s mysterious death.

3) Acting more or less as the general counsel of Household was WILLIAM COLBY, who held that same role with Nugan Hand. His
friends say Colby was murdered in 1996, disguised as a boating accident.

4) Several commodity brokers, transacting through the Chicago Board of Trade and other markets, and knowing too much about
Peregrine, are being targeted, in apparent frame-ups, to silence them.

5) To cover up what the Peregrine Affair is really all about, the Clinton Justice Department is planning to prosecute, on federal
criminal offenses, various commodity and other brokers.

6) Some of the brokers accused, or facing accusations, were actually lured into alleged business dealings with Peregrine.
Those knowing what it is all about insist that the center of Peregrine’s operations is not Hong Kong, but actually Chicago and
the Chicago markets. The commodity brokers, who may well be innocent, are facing prosecution for purportedly assisting Peregrine at a time Peregrine was planning massive bankruptcy fraud.

7) According to some reporters, President Clinton began acting strange;u and babbling like he did not know what he was saying.
[3] Was he going to be assassinated? Would he never live to become an ex-President? Clinton’s press secretary said it did not amount to anything, that Clinton was just tired. This happened at about the time the Peregrine Affair started quaking worldwide.

8) If the Justice Department were honest, which it is not, they would soon start the prosecution of Bill and Hillary Clinton for their role in massive money laundering and other federal criminal offenses, involving Peregrine and Lippo and the Clintons.

9) Highly corrupt, top-level U.S. Treasury officials are reportedly implicated in the criminality involving Peregrine -- including high-level state and federal revenue officials, some in the Chicago area.

10) Top officials of the Chicago markets reportedly permitted and condoned the dirty dealings on the Chicago markets by Peregrine
and various brokers linked one way or another with Peregrine.

11) Some estimate Peregrine as a $70 to $80 BILLION ship. How did a $300 million purported loan loss—the alleged STEADY-SAFE
TAXI deal—sink that large of a ship?

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(Contact the Citizens’ Committee To Clean Up the Courts,
773-375-5741, for questions and/or further info. Listen to the
Citizens’ Committee recorded message at 773-731-1100. In
Chicago, tune in the Citizens’ Committee weekly television
program, “Broadsides,” on Monday evenings on public access cable
TV.)

---------------------------<< Notes >>---------------------------

[1] “’Bill Clinton’s ties to the intelligence community go back
all the way to Oxford and come forward from there,’ says a former
government official who claims to have seen files long since
destroyed.” (*Partners In Power* by Roger Morris. ISBN:
0-8050-2804-8. Chapter 5)

[2] “One former [CIA] official would claim that the future
president was a full-fledged ‘asset,’ that he was regularly
’debriefed,’ and thus that HE INFORMED ON HIS AMERICAN FRIENDS IN
THE PEACE MOVEMENT IN BRITAIN.” (Ibid. Emphasis added)

[3] Re: Clinton “acting strange and babbling,” etc. This was
covered in a recent Associated Press article. Unfortunately I
don’t have its exact date.

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