September 11 Commission Report - Gnostic Liberation Front

"Richard Wagner, a data retrieval expert estimated that more than $100 million in illegal transactions
appeared to have rushed through the WTC computers before and during the disaster."
“Henschel said the companies in the United States were working together with the FBI… to piece
together what happened on September 11 and that he was confident the destination of the dubious
transactions would one day be tracked down. ``We have been quite surprised that so many of the hard
drives were in good enough shape to retrieve the data,'' he said. ``The contamination rate is high. The
fine dust that was everywhere in the area got pressed under high pressure into the drives. But we've
still been able to retrieve 100 percent of the data on most of the drives we've received. ``We're helping
them find out what happened to the computers on September 11 as quickly as possible. I'm sure that
one day they will know what happened to the money…”[German Firm Probes Final World Trade
Center Deals. Erik Kirschbaum, Reuters, 12/16/2001]
Richard Wagner – a security expert – included in his assessment that the transactions
were illegal. Henschel describes the transactions as trades. These small observations are
important for two reasons:
1. At the time of the attack, neither the stock exchange nor the commodity exchange had
opened. The put options were placed before September 11. This should lead to the
conclusion that the transactions being referred to are securities trades, probably being
run through computers at Cantor Fitzgerald, Garbon Inter-capital (now ICAP PLC),
or Euro Brokers. Most of their day’s business had been conducted by 9:00 am.
Cantor Fitzgerald and Euro-Brokers would take almost direct hits by jets attacking the
North and South Towers.
2. In noting that the transactions were illegal “trades”, Wagner shares a piece of
information not released by the FBI or 9/11 Commission. Hence, we are forced to
conclude he was referring to illegal securities transactions. This assumption is
supported by information that suggests it took the Federal Reserve’s Government
Securities Clearing organization over a month to rectify the accounting caused by
these trades.
“As GSCC has previously informed you, however, during the period immediately after the
September 11 events, many securities clearances were processed successfully through the Fedwire
book entry system without GSCC's knowledge. As GSCC did not know that these items had been
delivered, it continued to mark the transactions as if they were fails. As a result of these
"incorrect" fails, certain members are owed fail marks by GSCC, and other members owe fail
mark amounts to GSCC. GSCC has a complete database of all obligations and clearance
transactions for the entire period, and will attempt to identify all adjustments required by early
next week. GSCC staff will be in touch with all affected members.” [Reconciliation Process,
GSCC087.01, October 5, 2001]
The issues around these bond trades (as opposed to stock trades) will be discussed
thoroughly in a separate section of the report (Section 8).
There are so many coincidences and ambiguities surrounding the settlement of these
trades, that there is reason to believe that they are related to the true reason for the attack,
rather than being what the Federal Reserve refers to as technical errors. If nothing else,
for now, it is noted that according to Henschel, the information regarding these illegal
securities trades was recovered and given to the FBI. Neither the FBI nor the 9/11
Commission have reported on these findings.
During the week of September 11, demand for almost 86 tonnes of gold, or almost $900
million dollars, was created by demands in the Far East. These purchases did not go into
the jewelry market, but were primarily targeted at investment hedge funds.
THE SEPTEMBER 11 COMMISSION REPORT Page 113