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The “mystery” of Porter Goss’ resignation
last month as CIA Director is apparently
directly related to the huge seizure
in Mexico several weeks earlier
of over 5.5 tons of cocaine, according
to government documents recently
obtained by the The
MadCowMorningNews.
After Goss’s surprise resignation
last month he told reporters his
reason for resigning was "just
one of those mysteries," offering
no other explanation for his sudden
departure after almost two years
on the job.
Goss’ resignation appears to be
connected to the unprecedented withholding
by the Federal Aviation Administration
of the registration records for
the DC9 (N900SA) which more than
six weeks ago was caught carrying
a cargo of five-and-a-half tons
of cocaine, neatly packed into 126
identical black suitcases at a jungle
airstrip in the Yucatan.
At
the time of the plane’s seizure
on April 11, FAA officials stated
the aircraft’s title records would
become available to reporters within
two weeks. Six weeks later that
statement, in a phrase famous from
the Watergate Scandal, has been
rendered “inoperative.”
CIA "front" company "Who's
Who"
However,
the MadCowMorningNews was successful
in obtaining the FAA records last
week of the confiscated plane’s
sister ship, an identical
twin DC9 (N120NE) owned and operated
by the same partnership. Both aircraft,
painted to resemble U.S. Government
aircraft from the Department of
Homeland Security, were parked for
several years at the general aviation
terminal at Clearwater St Petersburg
International Airport.
The registration records reveal
that the past 'owners' of "Cocaine
One's" identical twin are well-known
'front' companies of America's Central
Intelligence Agency.
The twin to the DC9 bursting with
5.5 tons of cocaine is a CIA
plane.
The
plane’s owners over the past two
decades, in fact, comprise
a virtual Who’s Who
of aviation companies known to serve
as “fronts” for the CIA, whose true
identities came to light during
the Iran Contra Scandal.
Moreover, the FAA’s reluctance to
release the registration of “Cocaine
One,” which should already
be a matter of public record,
is the clearest possible indication
that those registration records
will disclose the same thing.
5.5 tons cocaine... AND a
missing $300 million?
At least three companies
to which “Cocaine One’s”
twin was registered have been
looted, to the overall tune
of almost $300 million dollars.
The plane's owners have
left a trail of tears for investors,
engaging in massive financial fraud,
of a particular kind...
Sociologists call it “state-sponsored
crime.”
Innocent investors and shareholders
get swindled, the bad guys get away,
and newspapers go silent. There
is clearly something about these
particular DC9’s which give their
owners a license to treat shareholders
and investors like marks, and steal
millions from ordinary citizens.
Working backwards from the present,
the plane’s registered owner at
the time it was busted was
SkyWay Aircraft, the only tangible
asset of SkyWay Communications Holding,
a firm whose existence, as
we’ve previously seen, served
as nothing more than a meager excuse
to run a penny stock fraud scam
which bilked investors of a reported
$40 million dollars... in less than
three years.
SkyWay shareholders
will no doubt be gratified to learn
that the bankruptcy of the firm
seems not to have adversely affected
the firm’s top officers financially.
SkyWay’s 74 yr. old Chairman
Glenn Kovar is currently
building a six bedroom vacation
chalet on a lake several miles north
of Ducktown, Tennessee, tucked away
in a picturesque rural setting boasting
splendid whitewater rafting.
What luck to be in Ducktown with
a fellow "snuggle person"
Kovar,
apparently eager to beginning to
fill the six bedrooms in his new
manse, has an
online dating profile which
reveals, among other things, that
he's eager to convey that he's a
romantic kind of guy, the kind who
likes to take long walks on the
beach at sunset.
The affect is somewhat marred by
the fact he don't spell two good:
“basicly i'm a romantic, touch and
snuggle person,” Chairman Kovar
enthuses.
There is also this nugget, which
we hope a prosecuting attorney someday
asks him about, preferably under
oath: “i'm
fortunate to be a senior advisor
to the us congress and have dined
with the president.”
Who might that be, Chairman Glenn?
Do tell.
Beyond
mocking a man who needs
mocking, in the same way Southern
lawmen talk about a particularly
brutal criminal who "needs
killing," these details are
important because, incredibly...
Kovar and his son are preparing
another scheme. A source
in Ducktown contacted us after speaking
with the obviously relaxed Glenn
Kovar, and told us us Kovar and
his son Brent are in business together
in a new venture, working hand in
hand with the Dept. of Homeland
Security.
The development is troubling, in
the same way going to bed on an
ordinary school night and waking
up in Oz might be.
In a world of
uncertainty, a reliable record of
shady self-dealing
But
SkyWay, which only lost $40
million of investors money,
is an absolute paragon of
excellence, corporate governance-wise,
when compared to the DC9's previous
owner...
Genesis Aviation is one of several
dozen company fronts, all of which
contain the name “Genesis”
in the title, controlled by one
of the key figures in the Iran Contra
scandal, Saudi billionaire and long-time
CIA asset Adnan
Khashoggi.
Last month the Securities and Exchange
Commission charged Khashoggi and
Ramy Al Batrawi, his
lieutenant for the past 20 years,
with stock fraud in U.S. District
Court for Central California. The
men are accused of orchestrating
a $130 million fraud involving
the stock price of GenesisIntermedia.
When the helpful Khashoggi worked
with Oliver North to sell arms to
Iran, Ramy El-Batrawi was there,
as president of a Khashoggi company,
Jetborne International,
indicted for illegally ferrying
TOW missiles to Iran, an “enterprise”
which netted someone—though not
the U.S. Government or the Contras
it was supposedly funding—a tidy
bit of change.
Apparently neither man learned that
crime doesn’t pay, because Adnan
and Ramy’s recent pilferage make
the Kovars look like kids stealing
a candy bar from a 7-11 after school.
“Just three months after the company’s
Initial Public Offering (IPO), the
nearly $17 million raised in the
offering was gone,” read one wire
service story.
“The creative dealings of defendant
El-Batrawi partly explains how this
money disappeared so quickly,” reported
the AP.
Making money disappear since before
you were born
“El-Batrawi
had a side deal called "Trade
Your Way to Riches," and he
thus arranged to have its mailing
lists sold to Genesis for $3.8 million
of the proceeds lifted from the
IPO. Additionally El-Batrawi gave
himself $362,149 for flying himself
around in his private plane to promote
the deal on the IPO. road show.”

Another area where Glenn and Brent
Kovar might learn something from
past master Khashoggi is how, in
your financial fraud’s aftermath,
to make yourself scarce…
“Lawyers for Mr. El-Batrawi and
Mr. Khashoggi could not be immediately
located for comment,” reported the
L.A. Times. “An SEC lawyer, Kara
Brockmeyer, said the agency had
not determined who their lawyers
were. Mr. El- Batrawi has no listed
telephone number in Los Angeles,
and Mr. Khashoggi's whereabouts
is not known, according to the complaint.”
The SEC may be interested to learn
what The MadCowMorningNews discovered
El-Batrawi doing a year ago. The
high-roller was spending millions
gambling in Vegas, where he flew
by private jet. The TV show “Casino
Diaries” even profiled him in action.
The DC9 has also been “owned” by
Finova Capital, revealed
in the early 90’s as a CIA front
which also “owned” the C123 military
cargo plane used by notorious drug
smuggler and CIA pilot Barry Seal,
which was later shot down over Nicaragua
with Eugene Hasenfus onboard.
The 5.5 ton DC9 flight: A tribute
to Fawn Hall?
The
crash cracked open the Iran Contra
Scandal, and inspired an ambitious
burst of emergency damage control
by Lt. Colonel Oliver North, who
embarked on a three-day shredding
spree reportedly designed to remove
any trace of Barry Seal's name from
his files.
U.S. officials vehemently denied
the plane belonged to the CIA.
At
the time the plane was registered
to General John
Singlaub’s Southern Air Transport.
Much later, Southern
Air Transport went bankrupt, and
the proceedings revealed that the
company had been owned by an entity
called Finova Capital, a CIA front
company set up in Arizona and headquartered
in Canada to escape American financial
disclosure requirements.
By
that time, in 1998, no one was paying
any attention, so the CIA’s use
of front companies had once again
been successful.
Before Finova, the DC9 belonged,
or, to use the spook phrase, “been
parked” with a company called
Greyhound
Leasing of Phoenix, AZ.
Arizona: Fraud like Florida, but
with a dry heat
Greyhound
during this time period
also “owned” a Beech King
Air used by CIA pilot and
drug smuggler Barry Seal.
After his death it became the favorite
plane of then Texas-Governor
George W. Bush.
But no good deed goes unpunished,
and Greyhound Leasing soon came
up a little short. The company had
somehow “misplaced”
$120 million dollars.
The company's accountants wrote
that "fraudulent and dishonest
acts . . . resulted directly in
a loss of $119,684,598."
That's just a few bribes short of
$120 million dollars.
Not so, replied the company's hapless
general counsel, who responded weakly
that the loss has been reduced to
a mere $72 million.
The massive fraud included checks
written on napkins in Swiss restaurants
and set afire after being cashed,
the reported blackmailing, and sheepish
looks all around.
The
troubling question which puzzled
business reporters in Phoenix were
never able to puzzle out was this:
Why were they were giving money
away down at Greyhound Leasing during
the 1980's?
While some poor schmuck in Utah
gets 55 years for smoking pot...
The
disposition of the resulting criminal
trial of the major player in the
scheme is yet another illustration
of the fact that, in America, being
connected means never having to
say you're sorry.
When Sheldon Player was sentenced
for stealing $55 million from Greyhound
Leasing, he received a five-year
sentence. That’s one year for each
$13 million he stole, which is a
deal that—were it offered to “ordinary”
Americans—would have people lining
up around Phoenix’s Federal Courthouses
to sign up for.
The company’s chairman, lucky fellow,
never went to prison. Instead he
resigned his position at Greyhound
and had soon been appointed as the
new president and chief executive
officer of Finalco,
an equipment finance and brokerage
company based in Mclean, Virginia,
the home of the CIA.
This all began when Mexican soldiers
arrested the Colombian co-pilot
and the two Mexican pilots of a
corporate jet sent to await the
DC9's arrival. "But the DC-9's
pilot escaped," reports a story
on the website of the magazine
Flight International,
"fuelling
conspiracy theories."
Fuelling conspiracy theories in
today's America amounts to putting
out fires with gasoline. And we
certainly don't want to appear to
do that...
So, we hasten to add,
there is no doubt that this is all
just a series of freak coincidences.

There is also no doubt that the
DC9 “Cocaine One”
still sitting on a runway somewhere
in Mexico will eventually be shown
to belong to someone with a swarthy
complexion and a foreign-sounding
last name.
We'd like to hasten to add that
as a direct result of the martial
spirit and can-do attitude of our
current “war-time” President,
there is also no doubt that Osama
bin Laden will be caught
and brought to justice, perhaps
sometime this century.
Thank God our President was able
to steal the 2000 election from
Al Gore...
Who knows where we’d
be today if he hadn’t done that.
NEXT: A banned ultra-nationalist
Israeli party & the head of
the Kuwaiti National Guard
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