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FBI arrests CIA official with $40M in gold bars in his home

nytimes.com

101–110 of 419 posts

Re: FBI arrests CIA official with $40M in gold bars in his home

#101

Earlier quoted context omitted.

I don't think it's connected to this specific event, but there's a lot of lore about the CIA moving gold in/out of Afghanistan, Iraq and others during war time.

I used to read a lot about Michele Sindona who was supposed to be connected to the Mafia and the intelligence community. His currency trading firm was one of the first to trade the Eurodollar contracts back in the 60s, IIRC. I think intelligence and finance really go hand in hand. It makes so much sense -- you see, the intelligence community really hates the congress or whatever to snoop around its operations before…

This also applies to tech now.

Meta, Microsoft, Amazon, Google, etc all have Global Security branches.

Re: FBI arrests CIA official with $40M in gold bars in his home

#102

How porous is the CIA's interview process that they couldn't validate the guy's military discharge status?

the CIA told him to make that part of his identity and then burned him with it isn’t it obvious? not being charged for the forty million dollars in gold and foreign currency missing, no explanation on why they are even looking for something that was rightly paid out as expenses, no explanation on what kind of expenses those could be to begin with to incur this much, no explanation on why the government wasn't using U…

> no explanation on what kind of expenses those could be

I think it's pretty obvious the gold was to pay a bribe. The only thing I'm surprised about is the value. That's A LOT of money for a single pay-off or bribe. It seems more than what would conceivably be paid to an individual at once because spy agencies tend to prefer to pay-as-you-go with individuals. Each round of documents, actions or whatever gets a payment.

So I suspect this was intended to either buy a one-time, career-ending action from someone very senior or, more likely, the ongoing cooperation of a company, gang or small nation-state. It's hard to guess but looking over major events in that time frame, Venezuela might be a good bet. The odd part is that the gold was in his house. Aside from the dumb trade craft of keeping it in the very first place anyone would look, why is the gold even in CONUS?

And why gold? Bulk gold is one of the worse ways to transfer that much money. It's big, heavy, and easy to trace until melted down (which is hardly trivial for most people). But the thing I'm stuck on is the places you can walk into and get cash for even one kilo of gold, much less over 300 of them, is extremely limited - and half of them will be under some form of "Know Your Customer" reporting, especially in North America, and the other half might prefer to "Kill Your Customer" and keep the gold. Diamonds, bearer bonds, offshore numbered account, even good old Benjamins seem far better. I think the amount and medium both narrow down the sort of person or entity the intended recipient must be.

One imagines the sort of folks who'd actually prefer to receive payment in that much gold bar all reside overseas where they might control a national bank or have their own precious metals smelting operation. That's why I'm struggling to picture the fake scenario this senior executive used to plausibly convince anyone at the CIA he personally needed to take possession of more gold than several people can comfortably carry and do so in the vicinity of rural Langley, VA. I mean, he can't carry it on any commercial flight and It's not like he's going to schlepp it himself in his family sedan to put it on a secret CIA cargo flight. The CIA has people for that. Also, someone that senior isn't generally doing any direct case officer work. They manage case officers who manage field assets.

So many interesting questions we'll never get answers to.

Re: FBI arrests CIA official with $40M in gold bars in his home

#104

Guy sounds like a dragon. What's the deal with the watches though?

Watches are the commodity of choice for corruption in some circles. I know people in jewelry and a significant portion of their transactions are watches to Chinese businessmen, formerly through Hong Kong, now through Singapore. They're high value items with razor thin margins.

I collect watches worth >$100k and I promise you that most collectors in this range are just watch nerds that have more money than they know what to do with.

Singapore is a big watch market because it has a very tight knit and wealthy collector community.

Margins on most watches in this range are around 10% on the low end. I wouldn't call that razor thin.

Re: FBI arrests CIA official with $40M in gold bars in his home

#105

How porous is the CIA's interview process that they couldn't validate the guy's military discharge status?

The type of people Intelligence agencies need and use to accomplish their goals are also the type of people who tend to do these things.

eh. the shady people are supposed to be the assets; the handlers are supposed to be squeaky clean (on paper, at least.)

but yeah, I imagine that a job which requires keeping secrets and breaking laws tends to attract people who keep secrets and break laws.

Re: FBI arrests CIA official with $40M in gold bars in his home

#106

Earlier quoted context omitted.

What a disingenuous way of thinking. Not falling for this is the basis of much religious text by the way. Splitting baby in the middle, etc. But on the other hand, being a useful fool that blindly does anything for profit, Do seem in line with the people working in tech for the last decade. Yes, the CIA is a corrupt today as "tech". And no that is not ok nor required, or it ever was like that.

lol "the extralegal spy agency has become as corrupt as the search engines!"

They have funded each other since the beginning of the search engines, so I'm not sure the distinction is very important.

Re: FBI arrests CIA official with $40M in gold bars in his home

#107
post #9

Sounds like he was most likely involved in some serious shit that was off the books and somehow it came to light. His boss is probably aware of what it was but no one will admit shit. It went awry and he is left holding the bag. Gold and money for an operation that could have been to anything from funding armed rebellion to god only knows.

$40m+ in an expense account based in gold bars is absolutely crazy. CIA agents must have access to untold resources if this is seen as a somewhat regular 4 month spend. Seems it is, given that they seemingly weren't concerned about the $40+ million being taken out, but where it was being held.

You're thinking in pre-covid peasant dollars. $40m isn't that much anymore, and frankly never was to these people.

Re: FBI arrests CIA official with $40M in gold bars in his home

#108

Earlier quoted context omitted.

The type of people Intelligence agencies need and use to accomplish their goals are also the type of people who tend to do these things.

What a disingenuous way of thinking. Not falling for this is the basis of much religious text by the way. Splitting baby in the middle, etc. But on the other hand, being a useful fool that blindly does anything for profit, Do seem in line with the people working in tech for the last decade. Yes, the CIA is a corrupt today as "tech". And no that is not ok nor required, or it ever was like that.

the CIA is literally tasked with breaking (other countries') laws. tradecraft is a very similar skillset to being an effective criminal.

think about it: shell companies, lockpicks, bribes, theft, blackmail, hacking, forgery. two kinds of people do those things: spooks, and the mob. the difference is why you're doing it and to whom.

also, if anything the CIA is far tamer today than it was in the '60s.

Re: FBI arrests CIA official with $40M in gold bars in his home

#110
post #80

Earlier quoted context omitted.

Or a really cool scuba diving weight belt.

Or a huge gold statue of Trump and Epstein partying and raping children.

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