9-11 and Alvin Krongard - Israel's Agent at the CIA
March 27, 2012
To
the embarrassment of investigators, it has also emerged that the firm
used to buy many of the "put" options [related to 9-11] - where a
trader, in effect, bets on a share price fall - on United Airlines stock
was headed until 1998 by "Buzzy" Krongard, now executive director of
the CIA. Until 1997, Mr Krongard was chairman of Alex Brown Inc,
America's oldest investment banking firm. Alex Brown was acquired by
Bankers Trust, which in turn was bought by Deutsche Bank. His last post
before resigning to take his senior role in the CIA was to head Bankers
Trust - Alex Brown's private client business, dealing with the accounts
and investments of wealthy customers around the world.
- Chris Blackhurst, “Mystery of Terror 'Insider Dealers'”, The Independent (UK), October 14, 2001
A
single U.S.-based institutional investor with no conceivable ties to al
Qaeda purchased 95 percent of the UAL puts on September 6 [2001] as
part of a strategy that also included buying 115,000 shares of American
on September 10. Similarly, much of the seemingly suspicious trading on
September 10 was traced to a specific U.S.-based options trading
newsletter…which recommended these trades.
- 9/11 Commission Report, W.W. Norton, 2004, footnote on p. 499
Alvin
Bernard "Buzzy" Krongard was Executive Director of the C.I.A. from
March 2001 until November 2004. Previously he had served as a
consultant to C.I.A. Directors George J. Tenet (1997-2004) and Robert
James Woolsey, Jr. (1993-1995).
The
informed insider trading of stock options carried out by people with
prior knowledge of the terror attacks of 9-11 is once again in the
news. Max Keiser of the Keiser Report recently interviewed Lars Schall,
a German journalist who has written extensively on the "terror traders"
of 9-11. In the center of the discussion of the informed trading done
by people who evidently knew the attacks were coming stands one very
conspicuous individual, A.B. "Buzzy" Krongard, then Executive Director
of the C.I.A.. Krongard would be considered a "person of interest" in
any proper criminal investigation of 9-11 or the insider trading that
preceded it.
Krongard
has been suspected of being connected to the suspicious trading since
October 2001. In one of my first articles about 9-11, "The Profiteers of 9-11", I wrote the following:
Investigations
into the unusually high number of "put" options, betting that the price
of United Airlines (UAL) and American Airlines shares would fall, have
revealed that Alex Brown Inc., an investment banking firm, purchased
many of these option contracts. Alex Brown Inc. was, until 1998, managed
by the man who is now the executive director of the Central
Intelligence Agency, A.B. "Buzzy" Krongard. Krongard, 64, former head of
Baltimore-based Alex Brown, America's oldest investment bank, joined
the CIA three years ago as a counselor to Director of Central
Intelligence George Tenet. Krongard switched careers shortly after
helping engineer the $2.5 billion merger of Alex Brown and Bankers Trust
New York Corp., gaining $71 million in Bankers Trust stock in the
process.
President Bush appointed Krongard executive director of
the Central Intelligence Agency on March 26. From February 1998 until
March 2001, Krongard served as counselor to the director of central
intelligence. Until 1997 Krongard was chairman of the investment bank
A.B. Brown, having previously worked in various capacities at Alex
Brown. Krongard was quoted on the relationship between Wall Street and
the CIA in a Washington Post article. If you go back to the CIA's
origins during World War II in the Office of Strategic Services,
Krongard told the Post, "the whole OSS was really nothing but Wall
Street bankers and lawyers."
WHO IS BUZZY KRONGARD?
The hypothesis of my book Solving 9-11: The Deception that Changed the World is
that the terror attacks were a false-flag operation planned and carried
out by Israeli military intelligence with the assistance and support of
Zionist agents in high positions in the U.S. government. These Zionist
agents would include people like Dov Zakheim at the Pentagon
and Michael Chertoff, then Assistant Attorney General, who was
responsible for the federal investigation and prosecution of the crimes
of 9-11. In this position Chertoff managed the federal
"non-investigation" of 9-11 in which the crucial evidence was
confiscated and destroyed without being properly examined.
My
hypothesis is not that 9-11 was an "inside" job, but that it was an
Israeli-planned false-flag operation. The Israeli operation was
facilitated by highly-placed Zionist agents within the U.S. government,
military, and intelligence spheres. If Buzzy Krongard is a suspect in
the crimes of 9-11, the question that needs to be answered is: Was
Krongard acting as an agent for Israeli military intelligence at Alex
Brown and the C.I.A.? The evidence indicates that he served as
an agent for Israel in both positions.
Alvin
Bernard Krongard, born 1936, is the son of Raphael Harris Krongard and
Rita Keyser Krongard. Both his mother and father were born in Baltimore
to Jewish immigrant families from Poland/Russia. His first wife,
Patricia Lion, was also Jewish. While Krongard's Jewish roots are never
mentioned in the various articles about him, his Jewish
ethnicity clearly plays the key role in his efforts to support Israeli
enterprises in the United States. When a high-level person like
Krongard conceals his Jewish roots while actively serving the state of
Israel it indicates that he is seeking to hide his true identity
and loyalty to a foreign state. For such a person to be
the administrative chief of the Central Intelligence Agency says a great
deal about the degree of Israeli penetration of the U.S. intelligence
community.
Alvin Bernard Krongard at Princeton, 1957
Krongard's
paternal grandparents immigrated from Lowicz, Poland, to the United
States in 1904. The family name and first names were changed.
Krongaard is a Scandinavian name that his grandfather took after they
arrived in the United States. Krongaard means land or property of
the "crown". The immigration records indicate that his grandfather
Morris Krongard did not enter the U.S. under that name.
Krongard's
mother, Rita (Rebecca) Keyser, was born in Baltimore to Abraham and
Ethel Keyser, Russian Jewish immigrants who had also arrived in the U.S.
in 1904. She was raised in Washington, where she attended high school
and graduated from Strayer Business College. She worked as a legal
secretary for a Washington maritime lawyer before her marriage to
Raphael Harris Krongard in 1931. The Krongard's lived in Ashburton,
Maryland, and had three children: Alvin, Howard Joel, and a daughter,
Marilyn, who died in 1946.
Alvin Krongard graduated from
Princeton and went on to serve on "active duty" in the U.S. Marine Corps
in the Mediterranean from 1958-1961. Although the details are not
given it seems likely that he served in Lebanon where the U.S. Marines
were sent in 1958. He returned to the United States and married
Patricia Lion. He worked at her family business, Lion Brothers, from
1961-1969. After a two year stint at Bache/Stern Brothers Boyce he
joined the Baltimore investment bank of Alex Brown in 1971. After
twenty years, Buzzy Krongard became C.E.O. of Alex Brown in July 1991.
ALEX BROWN AND ISRAEL
As
C.E.O. of America's oldest investment bank, Krongard was well placed to
assist companies spawned by Israeli military intelligence. Under
Krongard, Alex Brown became a leading U.S. partner for these Israeli
companies. In May 1996 Krongard and Mayo A. Shattuck went to Israel on a
three-day trip during which they met with then prime minister Shimon
Peres. As the Baltimore Sun reported shortly before their trip to Israel:
A.
B. Krongard, Alex. Brown's chairman and chief executive, and Mayo A.
Shattuck III, president and chief operating officer, are to meet with
Israeli Prime Minister Shimon Peres and Dov Lautman, the prime
minister's special emissary for economic development...
"Obviously,
this is a trip of some significance," Mr. Shattuck said. "We want to
be perceived as the premiere underwriter and adviser for high-tech and
health care companies in Israel. The time has come to build stronger
affiliations at the senior management level."
The meeting with
Mr. Peres was arranged through Giza Group, one of Israel's leading
private investment banking firms, Mr. Shattuck said.
When Alex.
Brown officials meet with Mr. Peres, they expect to talk about how the
company can link Israeli firms to U.S. capital markets, Mr. Shattuck
said.
Alex. Brown, which had $809 million in revenues in 1995, is
known worldwide for its expertise in taking high-tech and health care
companies public. Last year, it managed 64 initial public offerings,
tops in the United States.
R. William Burgess Jr., head of Alex.
Brown's technology investment banking group, compared Israel to Silicon
Valley in California and Route 128 in Boston, which have spawned some of
the world's largest high-tech companies.
"My hope would be to do
several initial public offerings a year for Israeli companies and
several mergers and acquisitions," said Mr. Burgess, who will also make
the trip.
Alex. Brown has been doing business with companies in Israel for at least five years.
In
1996, Alex Brown was serving as the financial advisor for Scitex,
an Israeli company connected to military intelligence. Yair Shamir, the
son of Yitzhak Shamir, the Zionist terrorist who killed Folke
Bernadotte before becoming prime minister, was general manager of
Scitex. Krongard's three-day visit to Israel and meeting with the prime
minister was arranged by the Giza Group, a Tel Aviv-based investment
banking firm.
At the time of Krongard's visit, Aviv Boim was a
vice president of Giza Ltd. Boim remained at Giza for two more
months, until August 1996, and then joined Krongard's company as an
associate of Alex Brown from August 1996 to February 1998. Aviv Boim
worked with Alex Brown's technology group in London, where he managed
initial public offerings, mergers, and acquisitions concerning Israeli
companies.
On October 2, 1996, the Baltimore Sun
reported that Krongard was "still bullish on Israel." Krongard had
addressed the Maryland/Israel Development Center the previous day.
"There is great market demand for Israel's products," Krongard said.
"Israel has the brain power. Its human capital is exceptional."
The
Maryland/Israel Development Center was started in 1992 as a nonprofit
group to form business partnerships between Maryland and Israeli
companies. The article noted that just the week prior to his speech at
the Maryland/Israel Development Center, Krongard and Alex Brown had
taken the Israeli company Orckit Communications Ltd. public. "Tel
Aviv-based Orckit makes systems that enable telephone companies to
provide high-speed voice and digital transmission," the Sun reported. Yair Shamir was a director of Orckit.
ORCKIT AND UNIT 8200 OF ISRAELI MILITARY INTELLIGENCE
Orckit
is a company that was created by the former commander of Unit 8200, the
signal intelligence branch of the Israeli military, as Efi Landau
reported in Globes (Israel).
Even
Orckit’s win in the large tender of the US telephone company GTE, one
of the eight largest telephone companies in the world, did not persuade
company president Yitzhak Tamir to grant an open, on the record, press
interview. However, cracks can be seen in the shrouds hiding the company
from the media, contributing perhaps to the recognition that the
company’s most precious asset is its workers, and it cannot hurt if more
is known about them.
Orckit was established in 1990 by Military
Intelligence electronic unit 8200 graduates Eric Paneth and Yitzhak
Tamir. The unit has provided Israeli high-tech a significant proportion
of its engineers and managers. Paneth was commander of the unit,
replacing Zohar Zisappel, chairman of the RAD-Bynet group.
Orckit
(and Tikcro) are not your usual companies. These are typical Israeli
military "dual-use" companies. They have hidden military and
intelligence functions but are presented as normal commercial
enterprises. With companies like Orckit, Buzzy Krongard and his team at
Alex Beam certainly must have been aware that they were investing
in companies closely tied to the Israeli military.
In February
1998 Buzzy Krongard joined the C.I.A. as a consultant to director George
Tenet. In a bizarre move, Krongard left his $4 million a year job as
head of Bankers Trust (BT). He had just completed the BT merger with
Alex Brown in the fall of 1997 and suddenly he was leaving. Aviv Boim
also left BT Alex Brown in February and joined Orckit as Chief Financial
Officer. The merger between Bankers Trust and Alex Brown, the
first between a bank and a securities brokerage since the
Depression, however, went sour shortly after Krongard left the company.
The newly merged company reported a record loss in 1998 and
was soon taken over by Deutsche Bank. Mayo Shattuck stayed on at Alex
Brown but resigned suddenly the day after 9-11.
While
it is clear that Krongard jumped ship because he knew that the BT Alex
Brown merger would soon fail, why did he go to work for the C.I.A.?
What we do know is that Krongard had worked closely with computer
companies spawned by Israeli military intelligence. After he joined the
C.I.A. as counselor to the director, Krongard soon became engaged
in setting up the C.I.A. venture capital firm called In-Q-It (In-Q-Tel)
that was supposed to keep the agency abreast of computer technology.
How much Israeli software do you think found its way onto the C.I.A.
computer network under Buzzy Krongard's reign?
In October 1999, the Washington Post reported on the genesis of In-Q-Tel:
A
lot of people wondered what CIA Director George J. Tenet had in mind a
year and a half ago when he brought in Wall Street heavyweight A.B.
"Buzzy" Krongard to serve as his "counselor." Now they know-- part of
the story.
The man who helped underwrite Microsoft and AOL as
head of Alex Brown & Co. has done it again, helping Tenet & Co.
start up a CIA venture capital firm called In-Q-It that's supposed to
keep the agency abreast of computer technology.
But Krongard's
influence at Langley extends well beyond this foray into Silicon Valley.
"George will say, 'Make this happen,' " said Krongard, 61, explaining
in a telephone interview exactly what it is he does for the director of
central intelligence.
"The idea is for In-Q-It to fund promising technologies..."
"The
idea for the venture-capital fund was hatched in conversations between
the new CIA director, George Tenet, and a former investment banker named
A. B. "Buzzy" Krongard, who joined the agency in February 1998 as
counselor to the director.
The
director of the C.I.A. is often little more than a mannequin who gives a
name and a face to the agency while the day-to-day operations are
managed by the executive director like Krongard. George Tenet is
similar to Leon Panetta. Both are sons of immigrants who owned diners,
one in Little Neck, New York, the other in Monterey, California. What
is it about Tenet and Panetta that made them suitable to be directors of
the C.I.A.? They are clearly not leaders of men or strong thinkers.
Could it be that they were men who were known to be weak and amenable,
and who could easily be controlled by people like Krongard?
Krongard
became the Executive Director of the C.I.A. in March 2001 and remained
at that position for more than three years, until November 2004. He was
responsible for getting C.I.A. security contracts for Blackwater in
Afghanistan and Iraq. Later, his brother Howard (a.k.a. "Cookie"), as
Inspector General of the State Department, denied knowing that Buzzy sat
on the board of Blackwater during Congressional hearings into
his obstruction of the investigation of contract fraud and crimes
carried out by Blackwater. The Congressional investigation did not
result in any criminal charges being laid against either of the Krongard
brothers.
"Krongard
exhibited the requisite secretiveness when asked to explain his
interest in intelligence and how he came to land a job in [George J.
Tenet]'s inner circle," the Washington Post reported on March
17, 2001, the day after he was named Executive Director of the C.I.A.
"If you go back to the CIA's origins during World War II in the Office
of Strategic Services, he explained, "the whole OSS was really nothing
but Wall Street bankers and lawyers."
Krongard
was the chief operating officer, the day-to-day administrative leader
of the C.I.A. from March 2001 until November 2004. In this position
he was certainly aware of the plane-into-building drill planned for
September 11, 2001 at the National Reconnaissance Office, a sub-agency
of the C.I.A. Although Krongard is probably not an architectural level
planner of the terrorism of 9-11, the evidence indicates that he served
as a highly-placed manager who served as an important conduit linking
Israeli military intelligence with the C.I.A.
Alvin
Krongard, his second wife Cheryl, and Jim Kimsey. Cheryl Gruetzmacher
was raised in Iowa and married Edward S. Gordon in May 1992.
The Krongard house sits on a 80 acre wooded estate off 1400 W Seminary Avenue in Lutherville, just north of Baltimore, Maryland.
Howard
Joel Krongard, Alvin's brother, as Inspector General at the State
Department, blocked investigations of massive fraud by military
contractors in Iraq and Afghanistan. At Congressional hearings, Howard
feigned ignorance that his brother was a director of Blackwater, one of
the key contracts being examined. Buzzy had awarded the C.I.A. contract
to Blackwater.
Selected Sources:
Flocco, Tom, “Profits of Death – Insider Trading and 9-11,” FromtheWilderness.com, December 6, 2001http://www.fromthewilderness.com/free/ww3/12_06_01_death_profits_pt1.html
Gaffney, Mark H., “Black 9/11: A Walk on the Dark Side,” Foreign Policy Journal, February 11, 2011http://www.foreignpolicyjournal.com/2011/02/11/black-911-a-walk-on-the-dark-side/
Landau, Efi, “Orckit Expands Sideways,” Globes (Israel), May 3, 1998http://www.globes.co.il/serveen/globes/docview.asp?did=367254
Schall, Lars, “9-11 Insider Trading and Germany’s Elusive Gold Reserves,” LarsSchall.com, March 24, 2012http://www.larsschall.com/2012/03/24/9-11-insider-trading-and-germanys-elusive-gold-reserves/
