Book 5, the "HAMMER REPORT",

3.3 The CITIBANK factor:

Citibank refuse to acknowledge the existence of any account,
named or described, or in any wise connected to,
an entity referred to as “Hammer”.
Cocke does not know exactly when Citibank became involved,
but is sure they were involved in “Hammer” in a big way already
in 1988, with their function that of Trustees running the programme.
Cocke is emphatic that, ‘from day one,
(John Reed was the trust officer with respect to the Hammer accounts at Citibank)
regardless of what his job was in his bank later.
”Reed retired from the Bank in May, 2000,
after thirty five years of service.
He provided d’Erasmo with an affidavit in April 2000.
It is said that every major Bank in every major country will,
at some time, have had some Hammer paper pass through their system,
but generally as correspondents to Citibank.
It is further agreed that it was Citibank’s function and direction
“to gather these funds and put them into certain kinds of programmes
to enhance their value. “(see para. 3.4 below.)
As to disbursements, highly important is Cocke’s statement on April 13th 2000,
that “to the best of my knowledge
none of the principal has ever hardly been touched”!
Indeed, the only pay out ever witnessed by Cocke
was the single payment of interest to Canadians
through the Winnipeg office of Bank of Montreal, for Bank of America,
following pressure from the Canadian government.
Cocke suspects that Citibank may be hoping to take advantage
of a provision in law that allows them to assume control over
dormant accounts followinga period of 10 years of inactivity,
according to
Barrie D. WAMBOLDT
the last activity on several of the thirty (30) primary accounts was
November I December 1991.
(See also the footnote to Wamboldt schematic under “mechanisms below.
3.4 Trading “Hammer “:
Another aspect of the “Hammer” funds was to underpin a large
financialtrading programme,
purchasing collateral for buying and selling,
investingand reinvesting.
This was also generally referred to as
“Collateral Trading”.
This may very well be the basis of what is sometimes called
a “High Yield Investment Programme” (HYIP)
Cocke said:
“Everyone wanted to trade the “Hammer” funds.
That was the only real point of the funds,
after the funds had been assembled.
”(By “assembled“ we take it to mean in the first instance
the repatriation of U S funds from around the world
previously referred to, using means both legal, and illegal.)
(The word “assembled” may also include in it’s meaning
the raising of funds from private sector interests and
foreign governments, for the purpose of trading the
collateral instruments, as already intimated above.)
Concerning such trading, it is stated in the “Complaint”
and confirmed in the “Report and Recommendation”, that
“Trust Group Financial Services Inc.
“arranged the purchase and sale of the collateral-based Letters of Credit.
According to Weston Keith FRANK, the collateral would have been provided
in the form of gold deposits with, for example, Eastech International Bank,
or banks in Mexico.
3.5 It has repeatedly been alleged that the so-called American VIP’s
(Congressmen, Judges, Senators ...) enriched themselves by
having access to Hammer funds, or proceeds”.
3.6 A certain
Dan V. HUGHES Jr.
who enjoys links to the CIA (and who has an uncle in the U S Congress)
is credited as being the one that expanded “Hammer”,
in the sense of progressing from the movement of one hundred million
to one Billion, and further, to about a Trillion.
Hughes is the one, in Cocke’s estimation,
who enhanced the Hammer Project.
Such volumes are regarded as feasible, in view of Hughes ownership
of ”Hughes Oil” Company Inc.. Hughes Tool Company
Whilst Hughes is evidently exceedingly wealthy,
he is not above trading on the Hughes name,
viz a vis Howard HUGHES the late reclusive and eccentric Billionaire tycoon
(Hughes aircraft corporation, Hughes Oil Company, Hughes Tool Company ...).
3.7 Democratic Senator
Lloyd BENTSON
running mate to Presidential candidate Michael DUKAKIS,
opposing George BUSH Sr. and his running mate Dan QUAYLE,
is a former Secretary of the Treasury.
ErIe COCKE alleges Bentson was very probably connected
to Hammer (immediately) on leaving the Treasury.
4. Mechanism, System, Means
The funds were assembled in several ways:
Firstly: Large blocks of assets were provided in the early days by the CIA.
These funds, in particular, may be those repatriated to the U S
from foreign locations;
Secondly: With extravagant promises of huge returns from
High Yield Trading, funds were raised from parties around the world,
including private persons, corporations, and governments.
These funds, in particular, may be those intended to
“Draw the Teeth” of foreign nation states.
The “mechanism” is not so easily described:
Following the assembling of the funds (in the words of the late
Brig. General COCKE) the only sensible thing to do was
to trade the funds as underpinning collateral.
This trading activity attracted more funds, easily solicited by
“Brokers” / “Traders” on promises of hopelessly fantastic returns.
Based on arranged collateral, the standard approach was
to buy and sell LETTERS OF CREDIT (L/C‘s) or LONG TERM NOTES,
of which there are several kinds, for example:
Irrevocable Letters of Credit
Standby Letters of Credit
Export Letters of Creditand so on.
The L/C‘S themselves are on occasion referred to as the
collateral traded
We note that the Wamboldt transaction schematic,
and the Hughes transaction schematic, are regarded by Cocke
as entirely different transactions.
The Hughes transaction is said to have been one of the earliest,
Wamboldt‘s much later: the details do not bear this out,
as can be seen from the .following.
Firstly: The method as described in the “Complaint”,
as executed by “Trust Group” (“Bankers Trust”?):
According to the “Complaint “, it was through Loren St. Ives
that the plaintiff Curtis learned of “Trust Group Financial Services Inc. “,
based in Fort Lauderdale, Florida, and of their activities.
Curtis allegedly learned that “Trust Group” had allegedly arranged
the purchase and sale of
fifty billion US Dollars ($ 50 000 000 000.00) of
“one year DLC/S (‘presumed to be Domestic Letters of Credit).
The instruments were to be sold and delivered over an extended period of time
in packets, or “tranches “, of one hundred million dollars per tranche.
Transaction code: ATMF - AC -1995,
Seller’s code : 4623 - 20
Buyer’s code : HUGHES - 75 - 7600 -A
Security code : TCJMJD - 891080
RWA : 1 0-1 0-8 9
What is particularly interesting is the fact that Trust Group, per se,
is not noted on the Hughes schematic,
although, the above codes and other data are virtually identical:
instead what we have is the mention of a certain Robert WOOD at “Banker’s Trust”,
the date of whose involvement agrees with that shown above,
being 1 0.1 0.1989.
It would be a major development of high significance if it were found that
“Banker’s Trust” and “Trust Group” were the same entity,
or associated in some way!
However, the “recovered commissions” were to be paid by Citibank N. A.
through an account in the name of defendant, Rudolph Von Rooyen RONDINE, at
Citibank N. A.,
47 akti Miaouli Street,
Thessalonika
Greece.
Account # 0- 205555 - 005
Secondly: The method, as described by the
WAMBOLDT schematic:
From the details’ reflected by Barrie D. Wamboldt,
this transaction is the same as that described by the Hughes schematic,
but from a different perspective and revealing further participants.
Most interesting is the indication of
"MIDLAND PLC"
...by directional arrow, as receiving funds (from a source off page),
which are then sent to the indicated “Collateral Supplier”.
Other funds from a source off page, with whom Wamboldt deals through
“World Development of Seven Circles Corporation” are also sent to:
“Estonne - Tije Trust Ltd.” Dr. Jeret DENE
Seller’s code: 4623-20
(see “Seller’s code” above, and “Fed Bank code” below)
Security Code: TCJMJD - 891080 (see above)
According to the “Tranche Schedule” (wrongly spelt on schematic)
the commencement date is the same as for Hughes’ below,
being October 18”’ 1989, at which time “4:17”
the following is alleged:
100 million:
Fed 10 # 4972;
Swift 79433 72,
Bank Code 4623-20
50 billion:
Security Pacific Bank,
333 5. Hufe Street,
Los Angeles, Ca.
(These details in the way of a heading, with directional arrows
indicating each of the following in turn)
50 Billion each:
“Bank of America”,
Los Angeles, Ca.
50 Billion each:
“Bank of America “, Toronto, Canada.
50 Billion, or more per Tranche:
“Canadian Imperial Bank of Commerce Toronto, Canada.
(Directional down to the enclosed statement,)
“Transaction continued until Nov. / Dec. 91”
(Directional across to the list headed ...) “Fees paid to”
“Hong Kong Shanghai Bank” (N Y?) - (“Shanghai and HongKong”!,)
“South East Bank “, Florida - Hughes
(see para. I under Hughes below)
“Citibank” (wrongly spelt in schematic), Arizona
“B H P Zurich Switzerland
“Chemical Bank” N Y, New York
“Security Bank” Los Angeles, Ca.
At the foot of Wamboldt’s schematic are the tantalising notes:
“# I TCM 13 April, 2000
Balance in Account: $223,104 000 008.03
”The balance in the account is not disputed by Cocke,
and is said to be thecombination of some thirty and more accounts,
“almost in one solid block at“Citibank”
It is crucial to at least attempt to secure a copy of the second (right-hand) page!
Enter Dan. V HUGHES Jr., whose activity raised the ante, dealing in Billions,
rather than tens or hundreds of millions.
According to Erle Cocke this was seen as perfectly natural for a man
who heads the “Hughes Oil Company“.
Thirdly: Features of the method as described by the HUGHES schematic:
1. sight draft is sent by Hughes’s Bank,
“South East Bank “, Florida, to one Robert Wood of “Banker’s Trust”, on 10.10.1989
(see also footnote under “Trust Group” method above).
2. “Midland Aval” / “Midland PLC” are indicated as the “Loaning Bank”, with the following transaction Descriptors’:
10.10.1989 89.25% Selling
84. % HOC Buying 09.25.1989
Loan Commitment 10.18.1989
Transaction began in the same frame on the schematic
is also mentioned
“Chase Manhattan”
3- 5OMM L/C’s
3. “Citibank“ “, HONG KONG
is described as the “Collateral Supplier”,
with the following transaction descriptors:
81 % Raw Cost2-
ST 1 - 3 T (extended)
1-600 BI - 2 T (returned)
15.600 T (13.6 T traded)
There follows, on the schematic, the names of Banks in three columns,
some marked for apparent association by asterisk.• “
Security Pacific” Fillmore, Ca.
USA Account # 085062787
“Union Bank of Switzerland” (UBS)Switzerland
“Union Bank qf Switzerland” (UBS)
New York “Prudential-Bache”
Cherry Hill,
N.J.“Citicorp International” New York
“Citibank” Nassau, Bahamas
1) “Dawia”
2) “Credit Suisse”
3) “Deutsche Bank”
4) “Deutsche Bank”
5) “Dai Ichi”*
6)“Dai Ichi”*
7) “Deutsche Bank*
8) “Credit Suisse”
Final notes at the foot of the schematic of great interest are the following:
“... Disbursed to 20 Banks, in 60 plus accounts.
H. R. HUGHES account (note the difference to Dan. V HUGHES Jr.)
J. R. - (John REED?! - CEO and Chairman of Citicorp and Citibank NA.)
“as trustee”
(1.2 from HOC / “Midland Aval” transaction) Switzerland
”It is our understanding that the above represents a major transaction,
or a series thereof, conducted by Hughes.
Regardless of any synergies or synchronicity with Wamboldt,
this is the “trading” transaction that Hughes conducted
and managed for own account.
Noted banking information iro:
“PROJECT HAMMER “:
“CITY CORP” (holding company of Citibank)
Account Information:
Depository Master Account
52558019
Sub Account 0116912036-I
The funds a are said in the “Complaint” to be on deposit at
Citibank’s
111 Wall Street Branch, N Y
This (Sub) Account is the Holding Account into which the various
fees have been deposited from the many Tranches of the Transaction,
and are subject to control of the “Trustor of Account”
(said to be / have been,
John S. REED (CEO and Chairman, Citibank N. A., N Y, retired).
Transaction Code :ATMF-AG-1995
Seller’s Code .‘4623-2 0
Buyer’s Code :HUGHES- 75- 7600A
Security Code :TCJMJD -891080
The present balance in the Sub-Account should be in excess
of USD 220 000 000 000.00.
The balance in the Depository Master Account remains unknown at this stage.
‘These funds’ are to be disbursed under the authority and direction of
Mr. Barrie WAMBOLDT ¬“Paymaster” -
according to whom the balance is USD 223 104 000 008.03,
per his schematic.
Noted banking information iro:
Dan. V. HUGHES Jr.
Account name: “HUGHES OIL Company Inc.”
“Southeast Bank” 75206583
These details require confirmation!
A crucial link in the Hughes transaction (per schematic,
see “Hammer file”) is what is there described as a “Loaning Bank”, being:
“MIDLAND Aval” (Switzerland / “MIDLAND PLC” (London)
Noted banking details of the “Escrow” account of Paul GREEN,
attorney at law:
(Green specialises in Real Estate deals and law;
portfolio includes the Empire State building; negotiated with Citibank
for release of “Hammer,, funds. based on personal relationships
with several Citibank main board directors’.
Account name: “Attorney PAUL GREEN”
Citibank NA.
FOCUS # 946 963 94
666 Fifth Avenue, New York, New York
Noted Bank Officer: Mr. Drew CARLSON
Noted banking information iro:
David OSTER
(349 Brighton, Hercules’, Ca. 94547,) : see also below under
Van Rooyen, Greece:
Account name: David OSTER
Bank of America 06730-11648
Noted banking data iro:
Manfred Josef [Maria] ZACHEL
Account Name: “Atlantis Financial Association”
Union Bank 127 001 1809
San Francisco Branch
Trading account, also
Hongkong and Changhai Bank Singapur
Midland Bank PLC UK
Standart Bank RSA
Bank of Religion, Bukarest / Romania
as well as further accounts in Germany, Swiss, France and Italy and
Trading Office Bukarest / Romania
Noted Banking information iro:
Adriaan Barend STANDER
Selbornelaan 141,
Lyttelton Manor,
0157, Pretoria
Account name: “INTERCOL Consultants (Pty) Ltd “-
per BankStatement 10 / 12 / 1991
VOLKSKAS Bank 0609-142-596
Verwoerdburg Branch
Account name: “INTERCOL Consultants”
Current in the late 1990’s
NEDBANK
Arcadia, Pretoria Branch
Noted Banking information iro:
“EASTCORP SOUTH AFRICA”
Bank: BANKORP LONDON
SWIFTReference #: TBOAGB2L
90 Long Acre
London WC2E 9SF
Account Name
Account ftEASTCORP (Closed?) in favor of the under mentionedI - 214 - 1456301
EASTCORP MAIN ACCOUNT
01 -38496030-4
EL ROSARIO TRUST ACCOUNT (Eastcorp Head Office)
01 -38497030-0ANTI CRISI (Eastcorp Technical Division)
01 - 38498030 - 5
Noted Banking information iro:
EASTECH INTERNATIONAL BANK (South Africa ?!)
Important to note that the SA Reserve Bank state firmly that
E I B, the I B I (INTERNATIONAL BANKERS AND BROKERS INVESTMENT Group), the A F A (ATLANTIS FINANCIAL ASSOCIATION), or the MARIE-LUISE SAMSON-ZACHEL TRUST, (MLSZ-Trust) with registered Trustees Dr. Kirsten Balzer and Franz Josef Schulz, or the A I D C (African Industries Development Corp.) are not registered in R S A or USA, what was be proven by Manfred J. ZACHEL, President of the I B I and Chairman of the MLSZ-Trust
are not even provisionally registered as a deposit-taking institution,
or have permission to open a representative office in RSA ...
El B “is therefore lawfully prohibited ...On April 12”’ 1991,
the Central Fraud Liaison Unit of the British Banker’s Association was duly notified,
as was
West One Bank,
lnternational Department,
Salt Lake City UTAH.
Bank:
BOLAND BANK
SWIFT CODE: BOLBZAJC
Pretoria Branch
Account name: “Eastech International Bank”
136 873 6001
Relevant Bank official:
Mr. L. COETZEE, General Manager.
Noted Banking information iro:
EASTECH INTERNATIONAL BANK
(Tacoma, Washington!)Bank:
BANQUE INDO-SUEZ (see also Eastcorp below!)
4 QUAI GENERAL GUISANCH 1211,
GENEVA 3.
Telephone: (41) 22. 216255
Account name: “Eastech International Bank”
Relevant Bank official:
Mazen ABU.HAMDAN (Vice President)
Noted Banking information iro:
“EASTCORP HOLDINGS”
(For “Eastcorp - Switzerland’s run by Prof Dr. Marcus A. KONIG)
Bank: “BANQUE INDOSUEZ”
CARZO PESTALOZZI 9
CH 6900 LUGANOLUGANO, SWITZERLAND
RobertoBONZI - Managing Director
Fax: (41) 91 227150
Account name: “EASTCORP Holdings”
Noted banking information iro:
“WEST PACIFIC S. A.”
(61 Park Road, London NW])
Bank: “Bank in Liechtenstein”Vaduz Liechtenstein.
TeL (41) 75 511 22
Account name: West Pacific S. A.
365 . 906. 2-10. 333 . 01
West Pacific
undertook, on August 5th 1991, to purchase the Bank instrument
“Standby Letters of Credit”,
Term - one year and one day,
Price - eighty five per cent (85%),
amount USD I Billion
in tranches of USD 25 million.
Noted banking information iro:
Eastech / Eastcorp SYNDICATE
operations(I) “WINS S. A.,
Mont(i)video, Uruguay,
was advised on July 29th 1991 of the following:
Bank: GENERALE BANK N. YVLAMINSTRAAT 78,
8000 BRUGGE,
BELGIUMSWIFT
Code: GIBA 13 EEE
Account name: (assumed to be for Eastcorp?)
280 . 0733700. 29 USD(2)
“Standby Letters of Credit”
were to be purchased through the agency of Eastcorp by:
Bank: SCHWEIZERISCHE VOLKSBANK
STADTHAUSSTRASSE 16,
CH-8400 WINTERTHUR,
SWIFT Code: CHVOLKS
2284A‘
Account name: Fritz WALSER / ARVIGO
Foundation 533 - 10 - 383 . 635. 9 USD


# posted by Manfred Zachel @

* The wise are not wise because they make no mistakes.* They are wise because they correct their mistakes as soon as they recognize them.


posted by Crimefighter at