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September 11 Commission Report - Gnostic Liberation Front

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12/16/1991) (It is of interest to note that at that time, Lehman was a subsidiary of<br />

American Express, of which Dick Ceneny’s wife, Lynn, is a board member.);<br />

• Consisted (in part) of cash funneled to Russia through the Deutschbank (document<br />

source: Hamilton & Hyun Investment Corp., memo to William Sommerville, August<br />

26, 1991).<br />

As the clues provided by the ONI documents are detailed, one recognizes the name of a<br />

familiar organization identified with most of the illegal activity in this report - the<br />

Deutschebank. A key question becomes: did the US get involved in a joint venture with<br />

Russia? The answer is yes! – through the “Russian American Enterprise Fund” set up at<br />

the request of George Bush and Gerald Corrigan, President of the Federal Reserve Bank<br />

of New York<br />

In subsequent economic negotiations with the G7 heads of state, what resulted was an<br />

amazing concession by Yeltsin to the US, allowing it to be the chief architect of its<br />

privatization plan by which state industries would be ultimately owned by anonymous<br />

shell companies in off-shore banks. The amazing aspect at the time was there was no<br />

immediately apparent financial concession from the U.S. in exchange for this very<br />

significant opportunity. Palms & Co. had profiles of over 200 Russian defense enterprises<br />

which were eligible for acquisition. Funding for this privatization was arranged to come<br />

from:<br />

• Sovlink Fund (Solomon Brothers, Investment Banker, New York)<br />

• Russian Partners Fund (Paine Webber)<br />

• Russian American Enterprise Fund (Lehman Brothers Fund)<br />

• Barings Securities Fund<br />

• Defense Enterprise Fund<br />

• CS First Boston<br />

• Fidelity Investments<br />

• The World Bank<br />

• International Finance Corporation<br />

• CCF-Moscow (Credit Commerciale de France, Paris)<br />

• First Russian Investment Fund (Framlington Investment Managers, London)<br />

• All State Insurance Co. Venture Capital Department<br />

• L & A Juice Company, Los Angeles (through them Coca Cola Foods)<br />

• Russian American Investment Fund - Strobe Talbott Ambassador at Large for Russian Affairs<br />

• John I Haas Co. (for breweries revitalization and through them August Busch, Sam Adams, Sam<br />

Koch A.B. Miller)<br />

• Defense Nuclear Agency Washington D.C. (defense plant conversion)<br />

• Newstar Fund (Att&T & General Motors Pension Plans)<br />

• European Bank for Reconstruction & Development<br />

• U.S. Trade Development Agency<br />

• Overseas Private Investment Corporation<br />

• U.S. Department of Commerce "BISNIS"<br />

• Center for International Private Enterprise<br />

• U.S. Agency for International Development<br />

• European Union Technical Assistance Programme ($500 million)<br />

• Russian Venture Capital Fund of America (Palms & Company)<br />

• Ukrainian Venture Capital Fund of America (Palms & Company)<br />

• United States Interbank Currency Exchange (Palms & Company)<br />

• Russia And The Republics Equity Partners LP. (RARE)<br />

THE SEPTEMBER <strong>11</strong> COMMISSION REPORT Page 221

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