ENRON'S Herbert S. "Pug" Winokur, Jr
More Spooky Harvard Connections
http://www.apfn.org/enron/winokur2.htm
The key to the mystery of the Hamilton Bushwhack may ultimately be
found in the relationship between 1) government guaranteed/insured
mortgages,
2) asset seizure/forfeitures, and 3) the private companies whose profits
derive from an inside track with both government programs.
More lucrative than mere corporate subsidies, there are entire segments
of mega-business which depend on these government insider deals.
For example, besides Harvard, the other primary investor in apartment
management company NHP was Capricorn Investments and Herbert S. "Pug"
Winokur, Jr.
Winokur, former Executive Vice President and Director of Penn Central
Corp, CEO of Capricorn Holdings Inc. and managing partner of three Capricorn
Investors Limited Partnerships, is one of those insiders who may have
benefited from the outrageous assault on Hamilton's open bid auction for
defaulted HUD mortgages.
Not incidentally, from 1988 to 1997, because of his large investments,
Winokur was also the Chairman and CEO of DynCorp, a US government contractor
whose customers include Department of Defense, NASA, Department of State,
EPA, Center for Disease Control, National Institute of Health, the US Postal
Service and other US Government agencies.
Most importantly, according to SEC registration documents (S-1),
DynCorp is the prime servicer on the Department of Justice Asset Forfeiture
Fund, having procured a five year contract with the Department of Justice
worth $217 million from 1993 to 1998. This 1000 person contract required
staffing at over 300 locations in the US and involved support of DoJ's
drug-related asset seizure program. According to SEC documents, DynCorp's
personnel supports "US Attorney Offices that are responsible for
administering the federal asset forfeiture laws."
In other words, DynCorp could have profited first from a successful
seizure of HUD loan sales. Then, DynCorp could have also profited from HUD
"Operation Safe Home" seizures, which target low-income tenants, mortgage
holders and apartment owners. And, since the company has the expertise and
personnel, DynCorp could also have targeted these communities with private
surveillance teams and non-lethal weapons to effect asset seizures using the
phoney War on Drugs as a rationale.
By all accounts, there is at least a major conflict of interest in
Winokur's investments in HUD low income housing and his role in Department
of
Justice seizures.
Imagine -- if you're Winokur, you can make money on defaulted HUD
mortgages, guaranteed by US taxpayers, as well as by kicking out low-income
housing tenants because of drug-related "asset seizures." The
criminal-corporate-government scams don't get any better.
In the case of Hamilton's open-bid auction process on defaulted HUD
mortgages, the potential $4.7 billion seizure of HUD loan sales would have
been a major plum for DynCorp as the prime servicer of the DoJ Asset
Forfeiture Fund.
By the way, Winokur also had the "foresight" not to board the ill-fated
flight to war-torn Yugoslavia, which took Secretary of Commerce Ron Brown's
life.
There are other spooky connections. According to Newsweek (Feb. 15,
1999), Reston, Virginia based DynCorp is a $1.3 billion firm, which also
trains police in Haiti and works on coca eradication in Colombia, where
three
of its American pilots have died since 1997.
Reliable sources allege this shadowy outfit may be a CIA-military
proprietary, in other words, a privatized entity useful for "plausible
deniability." At any rate, it also provides "Yankee Mercenaries" for the
Colombian campaign against drug trafficking. Employing about 30 US Vietnam
War veterans, DynCorp has a $600 million contract to run and maintain the
planes and helicopters used in "anti-drug" efforts in Peru, Bolivia and
Colombia, according to the World Press Review (Nov. 1, 1998).
Postscript: Who says (corporate) crime doesn't pay? According to the
Harvard University Gazette, in June 2000, Herbert S. Winokur Jr. was named
to
join the seven-member Harvard Corporation, the University's executive
governing board.
Doing Business with the Feds
Imagine having to wait more than 4 years to get paid on an invoice.
For more than $2 million.
From the US Government.
That, in short, is what happened to Hamilton Securities.
Doing business with the US Federal Government should come with a
warning label.
WARNING: Saving money for the taxpayers can be hazardous to your health.
"HUD is withholding about $2 million of funds owed to Hamilton for
services performed for HUD," says Hamilton's President Catherine Austin
Fitts. "We also understand that this with-holding is at the request of the
Justice Department and the HUD Investigator General."
"As the lead investment banker on $10 billion of loan sales, we have
been able to preserve the integrity of these transactions. We intend to take
whatever steps necessary to recover our shareholders" and employees value as
we have done for the US taxpayers. The unsealing of the qui tam lawsuit
should free HUD to meet its outstanding contractual obligations to Hamilton
as quickly as possible."
Toward a Positive Future
And what is Catherine Austin Fitts doing now?
Besides trying to recover her life, she's moving ahead with her new
company called Solari Inc., and her vision, the Solari Investment Model,
community-based programs for local equity building and investment.
"Solari is an investment advisory service, which plans to re engineer
investment and financial structures at a local level, so that new technology
can be integrated into communities to increase jobs and ownership," says
Fitts.
"Over the last ten years, we have prototyped a substantial number of
transactions, venture capital and portfolio strategy to determine the ideal
way to refinance communities in the stock market," she continues. "Our
intention is to create a fund which can finance local development -- and
maintain local control -- through an investment model geared for
breakthrough
transformations with individual, organizational and community change."
Her far-reaching vision is an inspiration. "By creating one or two
Solari Stock Corporations (one for real estate and one for venture capital)
through a community offering, and swapping non-voting stock for outstanding
debt," says Fitts, "the community can lower short term debt service and
realign interests between numerous constituents who can be positioned in a
win-win financial model."
The problem, in one sense, is simple. The old model -- the
Soviet-inspired centralized command & control system which rules Washington,
its agencies and the beltway bandits feeding at the trough of corporate
subsidies -- must give way to the new paradigm of the neighborhood
investment
model. It's a foregone conclusion: the corrupt system which guarantees
profits to insiders will be swept into the ashcan of history, just as the
Soviet Union and its proxies' brand of communism has been discredited
forever. It's just a matter of time.
In the end -- by building an alignment between spirituality and the
material world -- Catherine Austin Fitts believes that "everyone can prosper
through actions which integrate our spiritual principles in the material
world in which we live and work."
For more information of the Solari Model of Investment and
community-based profitability, click on
http://www.solari.com.
Copyright 2000 Uri Dowbenko.
All Rights Reserved.
Uri Dowbenko can be reached by e-mail at u.dowbenko@mailcity.com
===========================
THE HARVARD CONNECTION:
Herbert S. Winokur, Jr., since 1987, has served as Chairman and Chief ...
Mr.
Winokur holds a Ph.D. from Harvard University in Decision and Control Theory
...
MORE:>>
Smoking Gun in Enrongate - Let the impeachment begin?
http://www.apfn.org/enron/smoking_gun.htm
W.'s First Enron Connection: Update on the Bush-Enron Oil Deal
http://www.thenation.com/capitalgames/index.mhtml?bid=3&pid=21
THE BEGINNING
Enron began as a pipeline company in Houston in 1985. It profited by
promising to deliver so many cubic feet of gas to a particular utility or
business on a particular day at a market price.
That changed with the deregulation of electrical power markets, a change due
in part to lobbying from senior Enron officials. Under the direction of
former Chairman Kenneth L. Lay, Enron expanded into an energy broker,
trading electricity and other commodities.
http://www.washingtonpost.com/wp-srv/business/enron/1.html
THE HARVARD CONNECTION....
Enron's Pug Winokur, Shadow Government Insider
POWER SCAM: THE ENRON BUSH CONNECTION
http://www.apfn.org/enron/winokur2.htm
John G. Roberts Jr.
From Wikipedia, the free encyclopedia.
This article is about the judge. For other uses, see John Roberts
(disambiguation).
http://en.wikipedia.org/wiki/John_G._Roberts_Jr.
Harvard University
From Wikipedia, the free encyclopedia.
http://en.wikipedia.org/wiki/Harvard_University
THE HARVARD CONNECTION:
Herbert S. Winokur, Jr., since 1987, has served as Chairman and Chief ...
Mr.
Winokur holds a Ph.D. from Harvard University in Decision and Control Theory
...
MORE:>>
CONNECT THE DOTS....
http://www.apfn.org/apfn/enron_bush.htm
Main Page -
Tuesday, 07/19/05
Message Board by American
Patriot Friends Network [APFN]
APFN MESSAGEBOARD
ARCHIVES
