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American International Group (AIG)
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==Conclusion== The establishment narrative portrays AIG as a legitimate insurance giant, with its intelligence ties downplayed as historical artifacts. However, declassified documents and investigative accounts challenge this view, revealing a pattern of financial support for CIA operations. AIG’s history is inseparable from U.S. intelligence and military objectives, from its OSS origins to its alleged role in Cold War covert operations. Founded by Starr, an OSS operative with KMT ties, AIG provided cover and financial infrastructure for CIA activities in Asia, Europe, and Latin America. Its offshore banks and reinsurance companies, like Coral, facilitated money laundering for operations like Gladio and Condor, while figures like Greenberg and Stephens bridged AIG to intelligence networks. Connections to USAID and NED, though less documented, align with AIG’s role in supporting U.S. soft power. While definitive evidence is obscured by classified records, the available data paints AIG as a key player in the shadowy nexus of finance, intelligence, and covert warfare. ===From Paul Williams book=== "Charles Jocelyn Hambro of the Hambros Bank. The firm, which was registered in Panama, employed mob figure Sonny Fassoulis, an international arms dealer, to provide "services" to General Chiang's National Army. The primary function of the WCC ([[World Commerce Corporation]]) was to buy and sell surplus US weapons and munitions to foreign underworld groups, including the KMT and the Italian Mafias. In exchange for the arms, the KMT provided the opium required to create the CIA as the US postwar intelligence agency. The opium was flown from the mountains of Burma and Laos by Civil Air Transport to Bangkok, where the planes were emptied and loaded with for the return flight to the poppy fields. In Bangkok, General Phao Sriyanonda, director general of Thailand's national police, employed his officers to load the product on the freighters of a mysterious shipping company called Sea Supply, Inc., a CIA front run by Paul Helliwell, who now served at the Burmese consulate in Miami." In 1954, British customs in Singapore stated that Bangkok had become the major center for opium trafficking in Southeast Asia. The drug trade became so lucrative that Thailand abandoned the anti-opium campaign it had launched in 1948. General Phao developed a close friendship with Donovan, who had been appointed US ambassador to Thailand. Indeed, Wild Bill became so enthralled with Phao that he nominated the Thai general for a Legion of Merit award. Although he did not win the award, Phao, by 1953, had received $35 million in aid from the CIA, including gifts of several naval vessels and cargo planes used to transport drugs to Hong Kong, Singapore, and Marseilles. These were given with the expectation that the KMT would launch guerrilla raids into China. The WCC and Sea Supply, like Civil Air Transport (CAT), emerged from a subculture within the intelligence community of extremely wealthy and well-connected lawyers and businessmen who, at the time, were not part of any official government agency. This subculture would eventually give rise to a network of banks (including the Bank of Credit and Commerce International) and proprietary businesses (including the American International Group of C. V. Starr), which were created to support and conceal the flow of money from the heroin trade." ===From Whitney Webb's book, One Nation Under Blackmail=== "...the Agency (CIA) had assigned Groves such tasks as organizing coups, funding political parties, and cleaning dirty money. Money flowed into the Castle Bank not only from International Diversified but also from a host of underworld figures, including Moe Dalitz, the racketeer who became known as "Mr. Las Vegas," and Morris Kleinman, and Samuel A. Tucker, who operated the gambling syndicate in Ohio and the Desert Inn in Las Vegas. Castle Bank & Trust was joined at the hip to Mercantile Bank and Trust, another CIA operation that was set up in the Bahamas by Helliwell. Castle owned a large block of stock in Mercantile, and vice versa, and both became principal depositors in each other's operation. In addition, the banks shared most of the same directors. Money flowed back and forth in a bewildering array of transactions that included International Diversified. Mercantile and Castle interlocked with Underwriters Bank, Ltd., another firm that Helliwell created in the Bahamas. The majority shareholder of this firm was the American insurance conglomerate American International Underwriters Corp. (AIUC), which was established as part of the insurance empire headed by former OSS agent C. V. Starr, and evolved into the giant multinational AIG (American International Group). AIUC, according to Peter Dale Scott, author of The American War Machine, "was an insurance conglomerate with suspected ties to the CIA in Southeast Asia." In 1976, Mercantile was closed by the Bahamian Government after investors discovered that the bank's holdings were worthless. This came as a surprise to the shareholders since Price Waterhouse, the prestigious accounting firm, had certified a few months before the collapse that Mercantile possessed $25.1 billion in assets. Unfortunately, these assets were alleged "loans" given to unidentified individuals. The money vanished into the agency's black hole."
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