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Saturday 15 August 2015

Jeb Bush Linked to Cartel Money Laundering While Serving CIA

Wayne Madsen
Black Listed News

While Jeb’s brother, George W. Bush, glossed over his AWOL status with the Texas Air National Guard, Jeb does not have a military record to defend but he does have a CIA employment record to fess up to.

Jeb’s early work in Venezuela and south Florida is much more troubling than Dubya pretending to be on active duty in Texas while he was actually off in Alabama helping a GOP U.S. Senate campaign and getting sloppy drunk in redneck bars. Jeb should fully explain his relationship with Alberto Duque, a Colombian national who laundered drug money for the Medellin and Cali narco-cartels and Nicaraguan contras while serving as owner of City National Bank of Miami and president of the General Coffee Company of Colombia.

Apparently, there was more than coffee arriving in sacks of coffee coming into Miami from Colombia. Duque financed a $30 million real estate development project run by Jeb Bush.
In 1983, Duque was convicted for fraud and sent to federal prison. Duque hired a Bush family CIA crony to serve as City National Bank’s president.

He was Don Beazley, who previously worked for the CIA’s Nugan Hand Bank in Australia. Before it collapsed, Nugan Hand was responsible for laundering money from the CIA’s Golden Triangle opium and heroin smuggling operations from Southeast Asia’s Golden Triangle and paying off U.S. surrogates in Asia, including Ferdinand Marcos in the Philippines, Suharto in Indonesia, Park Chung Hee in South Korea, and various Thai generals.

In return for CIA money gifts, Marcos ordered his Energy Minister, Geronimo Velasco, to have the Philippines National Oil Corporation enter into business relationships with three Bush family-owned businesses: Zapata Petroleum Corporation, Zapata Offshore Company, and Overbey Oil Development Corporation. The three Bush firms were also linked to various CIA activities, including the abortive 1961 Bay of Pigs invasion of Cuba.

Jeb Bush’s Texas Commerce Bank was also the bank used by the Zapata companies. Velasco died of a sudden heart attack in San Francisco in 2007. Velasco’s Republic Glass Corporation became a holding company that owned a number of British Virgin Islands-based subsidiaries.

Beazley had also been president of Great American Bank of Miami. The bank was indicted for drug money laundering in 1982. Beazley also negotiated the sale of Second National Bank of Homestead, a subsidiary of Great American, to Nugan Hand. It was in this environment of interconnected CIA money laundering banks that Jeb Bush found himself and his real estate business immersed in the 1980s.

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