Editing Frank Nugan (section)

==Criminal Activities==
	◦	Money Laundering: The bank laundered funds for CIA operations, moving money through offshore accounts to support anti-communist activities in Southeast Asia, Africa, and Latin America.

	◦	Arms Trafficking: Nugan Hand facilitated arms deals, including a 1974 transaction by [[Edwin P. Wilson]], a former CIA officer, to ship 10 million rounds of ammunition and 3,000 weapons to southern Africa, likely for anti-communist groups like [[UNITA]].

	◦	Drug Allegations: Investigations, including by journalist Jonathan Kwitny (The Crimes of Patriots, 1987), alleged the bank laundered heroin proceeds from the Golden Triangle. Former employee Neil Evans testified that the Chiang Mai branch handled drug money, with couriers delivering cash to Hong Kong.

	•	Key Personnel: Nugan recruited high-profile U.S. military and CIA figures to bolster credibility, including Admiral Earl P. Yates (president), General Erle Cocke Jr. (Washington representative), General Edwin F. Black (Hawaii office), and [[William Colby]] (former CIA Director, legal adviser). These hires underscored the bank’s intelligence ties.