In this documentary, James Corbett approaches the mystery of 9-11 by tracing money flows rather than physical evidence – ie he identifies individuals and companies that plainly had foreknowledge of the 9-11 attacks and used it to reap windfall profits.
The three main ways people profited from 9-11 were insurance scams, insider trading and fraudulent electronic transactions. Ironically the Securities and Exchange Commission (SEC), 9-11 Commission and FBI identified some of the same scam artists as Corbett and other private researchers. Bizarrely they declined to indict them owing to “no known ties to al Qaeda.”
Key suspects: Larry Silverstein, GMAC (the finance arm of General Motors) and real estate developers Lloyd Goldstein and Joseph Kerr. GMAC, Goldman and Kerr helped finance Silverstein purchase of the Twin towers from the New York Port Authority in July 2001. Immediately on taking possession, Silverstein doubled the insurance coverage from $1.5 billion (the buildings’ assessed value was $1.2 billion) to $3.55 billion. In addition, following the attacks, the Port Authority repaid Silverstein 80% of the original lease. In total, Silverstein netted a $4.5 billion profit from 9-11.
On Sept 10 2001, the SEC identified a 90% increase in “put options”* for companies whose stocks would tank the week after 9-11:
- United Airlines
- American Airlines
- Morgan Stanley (one of two major tenants in Twin Towers)
- Marsh & McLennan (one of two major tenants in Twin Towers)
- Merrill Lynch
- J P Morgan
- various reinsurers
The SEC also noted a six-fold increase in “call options” on defense contractor Raytheon (manufactured missiles subsequently used in attack on Afghanistan) in the weeks prior to the attacks.
Three of the most prominent insider traders were Mrs and Mrs Wirt D Walker III (distant relatives of George Herbert Walker Bush and business partners with Marvin Bush with links to the Carlyle Group***) and Deutsche Bank, Alex Brown Division, run by to Buzzy Krongard, former consultant to former CIA director James Woolsey Jr.
Fraudulent Electronic Transactions
Marsh & McLannan was responsible for developing Silverstream, an innovative method of paperless electronic transactions. A team of March & McLannan auditors were investigating $100 million in suspicious transactions involving AIG and Deutsche Bank. All were killed in the 9-11 attacks – their data sets conveniently destroyed. A German company Convar was able to reconstruct most of these transactions from hard drives recovered at Ground Zero.
Attack on the Pentagon
The attack on the Pentagon killed the Department of Defense team investigating the $2.3 trillion that went missing from the DOD 2000-2001 budget – and destroyed all their data.
*A put option lets the option owner sell a stock at its original price when the share price falls – pocket the difference.
**A call option lets the option owner buy a stock at its original price when a share price increases – and pocket the difference.
***Carlyle Group – a global equity management group, closely linked with George H. W. Bush and the bin Laden family.