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October 19, 2005

HarryTho Natalee Holloway Commentary

Topics: Natalee Holloway

On what turned out to be a rather slow news night for Natalee news, we have a summary from Greta, before moving on to a follow-up on our previous posts addressing banking activities on Aruba and the family-related/Mansur-related issues in the case that cable news has avoided discussing.

Last night, Greta interviewed Vinda de Souza and Tito Lacle on Fox News.

Vinda reported that Dave Holloway had met with the prosecutor and received a briefing on the case. Vinda reported that the case is moving forward, and that new persons of interests have been interviewed and re-interviewed. The only new evidence in the case are statements. To date, no tapes have been received by the prosecutor from the FBI. Vinda expressed that everyone felt satisfied with the progress of the case and are optimistic about a resolution. It seems that we've heard this before.

Tito Lacle reported that Deepak Kalpoe's lawyer is seriously considering charges against Dr. Phil and Jamie Skeeters over the tapes. The lawyer contends that the meeting between Jamie Skeeters and Deepak Kalpoe was supposed to be a candid discussion and not an taped interview, and Deepak Kalpoe contends that he was unaware that his meeting with Jamie Skeeters was taped. Additionally, he claims that the statements on the tape were coerced and manipulated. Interestingly, such a conversation taped without a person's consent is illegal in Aruba and subject to the criminal process.

Tito stated that no opinion was circulating in Aruba as to whether or not Natalee Hollloway is still alive. However, the case is alive, and more people are being interviewed. And again, we've already been down this road before and we all know where we ended up.

With little going on in the news department, I'd like to take a brief look at the subject of money laundering on Aruba, since we've been looking at the banking and criminal activities of several of the players involved with Natalee, including the Mansurs and the Twittys.

Money laundering is the process through which criminals conceal the true existence,illegal source, or illegal application of income, and then disguise that income to make it appear legitimate. The most common form of money laundering that credit institutions will encounter on a day-to-day basis, takes the form of accumulated cash transactions which will be deposited in the banking system or exchanged for other assets (monetary assets). These simple transactions may just be one part of the sophisticated web of complex transactions.

Nevertheless, the basic fact remains that the earliest key stage for the detection of money laundering activities is where the cash first enters the financial system.

Five Phases of Money Laundering:

The first phase is the exchange phase where criminals exchange their loot in return for money of another currency, or gold, or cheques or diamonds.

The second phase is the placement phase. In this phase, the criminals attempt to bring their exchanged cash into credit institutions. Cash in credit institutions becomes transferable money.

The third phase is called the layering phase. In this phase placed money separates from their criminal sources via electronic transfers or wire transfers.

The fourth phase is the integration phase. In this phase, complex transactions occur within a financial institution to produce loan back or back-to-back loan arrangements.

The fifth stage is the identification phase in which some form of identity is required for the laundered money. Often identification is masked by some form of trade transaction.

Given the foregoing, money laundering is aided by the complicity of financial institutions. Money accumulated in the Banco de la Construccion in Venezuela could be easily wire transferred to the Interbank or the Intercon Financial Bank in Aruba. Clearly, the banks in Aruba only will require authorizations from the Banco de la Construccion in Venezuela in order to approve the transfer. It will be upon the Banco de la Construccion Venezuela to ascertain the identity of the source of the money. The true identity of the enterprise in Venezuela would be masked by some commercial enterprise. The wire transfer could be the result of a payment action derived form the terms of a letter of credit (LC) for trade. Clearly, a bank has little control over the terms of an LC. Once the money arrives in the Intercon Financial Bank or the Interbank in Aruba, it can be disbursed to a number of accounts under the pretense of payment for services or goods. Once the money is received by the alleged creditors of the goods or services, it has effectively been laundered into Aruba.

Clearly, this laundered money can now be assembled in the form of cash deposits or various certificates of deposits upon which the money can be drawn in the form of loans for trade. These loans can be used as part of development loans for construction projects anywhere in the world, including the United States of America. Assembling money in order to support urban renewal projects could employ such an avenue for funding. Large scale projects often involve sourcing form a number of financial parties. The more risky seed money often gets overlooked in order to launch a project that will entrain funding from the more legitimate financial institutions, as the project unfolds and meets certain benchmarks of progress.

The loan back arrangement in the foregoing is difficult to identify, because the identity of the true originator remains masked. However, the entity doing the urban development project in the USA could the same party initiating the payment, via wire transfer, from Venezuela. Hence, criminally obtained moneys end up being immersed into an urban development project in a US city. The urban development project will be paid for by bonds drawn upon the tax dollars from American citizens residing within the city in question.

In a sense, drug money is encouraged into civic projects by the promise of profit from US tax dollars.

From our previous posts on the subject, readers already know of the banking and criminal relationships of some of the players - names that have been plastered all over cable news but with no disclosure as to their backgrounds or the twisted network of criminal activities that they've been involved in. What, if any, role the illegal activities have played in Natalee's disappearance remains to be determined, but so far, it appears that no one is looking.

Posted for HarryTho

Posted by Richard at October 19, 2005 8:39 AM

I am not surprised that the tape made by Skeeters, which aired on Dr. Phil has not been sent in. I believe in my heart that those three boys are as guilty as sin, or at least two of them (Deepak & Joran). However, while I was watching Dr. Phil's airing of the show featuring the taping of Skeeters and Deepak, I felt that something was not right. It was too bizarre. It seemed awfully odd that: number one - we couldn't see Deepak's face; and two - how come he was being so candid? Noone else could even get close to him yet here was Skeeters with this very overt tape. I couldn't believe that Deepak would say those awful things about a missing girl, who is presumed dead, especially when he is already so hated. The only way I felt that this could have been possible is if Deepak had indeed been responsible for her death. If he was responsible for her death, any admission short of "I did it" would not be bad in his mind. If this tape was legitimate, that would make Deepak a very stupid individual to divulge such information. And if he is so innocent, why has he not tried harder to help Beth Twitty find some answers. And if Natalee was such a tramp, why was he with her? Doesn't say much for him and his raping buddies does it? Of course, she would have been easy if she was drugged and semi-conscious! I don't like these three characters, however, I don't believe that tape is accurate. But this is no worse than the Aruban police witholding information received from the suspects early on in the case; witholding or destroying evidence if I am not mistaken. My mind continues to mull over a statement to Greta Van Sustern by the chief of police in Aruba, at one point. In response to Greta's question about what he thought happened to Natalee Halloway, he replied that it was his feeling that Natalee was still alive and in Venezuela. Greta asked him why he believed this and if there was any proof to substantiate his claim, and his answer was something like I don't have any proof, it is only a gut feeling. How ludicrous is that? Out of the mouth of a Chief of Police, no less. WOW! Scary prospect if you ask me. No wonder nothing has been done there. Are all their officials as incompetent? It sure seems like it.

Posted by: Cynthia Costigan at October 19, 2005 10:32 AM

Dear Cynthia:

Thank you for you comments. We truly appreciate all opinions. I believe, as you follow what we are unfolding about money laundering, your opinion about Police Chief Dompig's assessment, concerning Natalee being alive in Venezuela, will change dramatically. Remember, Aruba is his turf, and one does not get to be a police chief anywhere by winning a lottery. Additionally, two senior Aruban investigators share similar thoughts about Natalee.

With Aloha,

Harry

Posted by: harry Author Profile Page at October 19, 2005 1:19 PM



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