Difference between revisions of "World Finance Corporation"
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(Created page with "{{group |wikipedia=https://en.wikipedia.org/wiki/World_Finance_Corporation |constitutes=front, bank |start=1971 |founders=Guillermo Hernandez-Cartaya }} {{SMWQ |source_name=Th...") |
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|constitutes=front, bank | |constitutes=front, bank | ||
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|founders=Guillermo Hernandez-Cartaya | |founders=Guillermo Hernandez-Cartaya | ||
}} | }} | ||
| + | The '''World Finance Corporation''' was part of a sprawling financial fraud traced out by [[Mark Lombardi]]. | ||
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|source_name=The New York Times | |source_name=The New York Times | ||
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|source_details=Cuban Exile Banker Under Wide Inquiry", [[Jeff Gerth]], A1 | |source_details=Cuban Exile Banker Under Wide Inquiry", [[Jeff Gerth]], A1 | ||
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| − | + | ==Fraud== | |
There were allegations that 8 of the 12 bank directors were either current or former [[CIA]] employees, and that then [[CIA director]] [[William J. Casey]] stymied the investigation for reasons of "[[national security]]". And so the two-year investigation ended in the conviction of Cartaya in 1982 for nothing more than tax evasion. | There were allegations that 8 of the 12 bank directors were either current or former [[CIA]] employees, and that then [[CIA director]] [[William J. Casey]] stymied the investigation for reasons of "[[national security]]". And so the two-year investigation ended in the conviction of Cartaya in 1982 for nothing more than tax evasion. | ||
{{SMWDocs}} | {{SMWDocs}} | ||
Revision as of 09:25, 17 November 2016
 World Finance Corporation  (Front, Bank)   | |
|---|---|
| Formation | 1971 |
| Founder | Guillermo Hernandez-Cartaya |
| Extinction | 1977 |
The World Finance Corporation was part of a sprawling financial fraud traced out by Mark Lombardi.
“With the formation of WFC, former associates said, Mr. Hernandez-Cartaya hoped to utilize his wide-ranging contacts in the Latin American political and economic world to tap the growing market between American lenders and Latin American borrowers made possible by the 1969 Edge Act.”
(15 December 1977) [1]
Fraud
There were allegations that 8 of the 12 bank directors were either current or former CIA employees, and that then CIA director William J. Casey stymied the investigation for reasons of "national security". And so the two-year investigation ended in the conviction of Cartaya in 1982 for nothing more than tax evasion.
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References
- ↑ The New York Times Cuban Exile Banker Under Wide Inquiry", Jeff Gerth, A1
