Profile Result

Khalid bin Mahfouz
Last Updated: May 18, 2010

Since the early 1980s, Saudi billionaire Mahfouz has provided major funding for Bill Clinton as well as George Bush Sr and Jr.
At the same time, Mahfouz�s companies and charities funneled tens of $ millions to Al Qaeda and other terror groups. As a Principal in the global bank fraud called BCCI, he paid a $225 million fine to settle criminal charges in 1992. His name appears on the seized �Golden Chain� document, introduced by US Attorneys as a list of Al-Qaeda's main supporters.
In 1978, George W. Bush�s Air National Guard co-grounded buddy, James Bath (age 27), became Mahfouz�s financial representative in the United States. Bath also represented Salem Bin Laden, one of Osama's brothers, in the purchase of Houston's Gulf Airport. When Salem died, the airport went to Mahfouz.
In 1981 Bath also fronted at least three companies with "Skyway." in their names. Each one linked directly to Mahfouz, BCCI, and the CIA, or all three. He registered in the Cayman Islands under the name I.C. Inc, the same shell-entity Oliver North used as clearinghouse for the BCCI and CIA Iran/Contra transactions. "Skyway Aircraft"'s listed address was a hangar at the Frorida flight school attended by two 9/11 hijackers.

During the 1980s, Mahfouz' BCCI Ponzi scheme stole at least $12 billion in what Manhattan D.A. Robert Morgenthau called the �largest bank fraud in world financial history.� Before it collapsed, BCCI laundered money for drug lords, dictators, terrorists, the CIA and the secret, illegal Iran-Contra operation.

In 1987, when George W. Bush�s oil company Harken Energy was floundering, Mahfouz' arranged a $25 million dollar bailout, brokered by Arkansas billionaire Jackson Stephens. Soon after, covering all his bets, Stephens became then Governor Bill Clinton's biggest contributor.
From the beginning, the well-connected BCCI sidestepped US stockholder suits and SEC charges. US Congressional hearings and criminal indictments didn't come until twelve years later

Stephens, Mahfouz, other Middle East bankers and former top US officials were the original named defendants. Stephens and his companies were represented by the Rose Law Firm in Arkansas. Newly made partner Hillary Rodham Clinton was among the lawyers of record.

Mahfouz was also Director of the Bin Laden family-run Banque Al Saoudi. In 1988, it too collapsed from insider looting of depositors' funds. The bank eventually reorganized as a holding group with stock in an aircraft company named Skyway International Holdings, in partnership with Iran/Contra arms dealer Adnan Khashoggi. Its sister-corp, Skyway Communications Holdings, was run by Florida hucksters Brent and Glenn Kovar, who openly boasted about their CIA protection.

The Kovars ran a shellgame in which investors reportedly lost $40 million�including a Kuwait royal and head of Kuwait�s National Guard (Al-Ali A-Sabah). One of Skyway Communications' planes turned up in Mexico, via Venezuela, with 5.5 tons of coke aboard (no arrests). A Skyway International plane was seized outside of Paris, also from Venezuela, also carrying tons of cocaine. Also on board was a group of Saudi royals. Also no arrests.

Skyway's public facade was publicly praised by powerful GOP figures including Jeb Bush and Tom Delay. The defense conglomerate Titan Corp issued a press release about some pending venture with Skyway, which never happened.
Most ominously, Skyway's few planes were housed at Huffman Aviation in Venice, Florida. Huffman, which also housed the CIA's Brittania Aviation, is where 911 hijackers Mohamed Atta and Marwan Al-Shehhi took their flight training.

In 1991, Mahfouz was the principal founder of "Muwafaq,"or �Blessed Relief," a major terror-front charity, as was Mohammed Al-Amoudi, his long-time business partner. Abdurahman Alamoudi, (here identified as a brother of Mohammed),was a regular White House guest of both Bill Clinton and George W Bush, until. convicted of terror funding in 2003. He is serving a 23 year prison sentence.

The CEO of Muwafaq was Yassin Al-Qadi, (Abdurahman's business partner), also later charged with terror funding and a fugitive since 2001. The US Treasury Department charged that Muwafaq and Al Qadi funneled $3 million to Osama Bin Laden through Mahfouz's Saudi National Commercial Bank.
 
During the previous six years, an Al Qadi/Alamoudi software company, named Ptech, had somehow been given control of top-secret IT programs for the US Departments of Defense, Energy, Commerce, State, Justice, Transportation and the White House itself. Ptech had developed the FAA�s National Airspace System, in operation on September 11, 2001.

Ptech's chief scientist, Felix Rausch, was formerly the White House Deputy IT Chief, and Sr IT Chief of INTERPOL Ptech's program was based on a modification of  PROMIS software, the precursor of Artificial Intelligence.
PROMIS had been stolen from its creators by Edwin Meese, AG under Ronald Reagan.

With his business cohorts and rogue intelligence officials Meese had a stealth �backdoor� feature installed, providing untraceable, remote access and control. It was then covertly sold and installed in hundreds of global enterprises and government security systems, one of the first being Mahfouz' BCCI.

In June 2002, whistleblower Indira Singh and a Boston TV reporter Joe Bergantino alerted the FBI about Al Qadi and the others' role at Ptech, but the agency turned a blind eye. In fact, the FBI�s own anti-terror funding chief (Robert Wright), reported enough evidence to arrest al Qadi four years earlier, but was blocked and demoted for continuing his probe.

In December 2002, Operation Greenquest�an extensive domestic terror financing investigation led by U.S. Customs�finally raided Ptech�s offices. Just hours after the raid, a National Security Agency official assured the public that Ptech�s software was �completely safe.� During a turf battle shortly after the raids, the FBI took over all terror financing investigations from the Department of Homeland Security�s Bureau of Immigration and Customs Enforcement. In May 2003, Operation Greenquest was dissolved.

Mahfouz goes to extraordinary lengths to retaliate against his detractors, most often suing in British courts, where libel laws favor the plaintiff.. Several book and newspaper publishers have retracted their reports and apologized, rather than endure years of litigation against their opponent�s limitless resources. Both New Zealand�s Scoop and former CIA director James Woolsey have retracted comments linking Mahfouz to Osama bin Laden.

Terror researcher Jean-Charles Brisard claims that Bin Mahfouz controls a quarter of Bahraini based Investcorp,,founded by Ahmed Zaki Yamani, who appears on the same �Golden Chain� list as Mahfouz. Brisard claimed that Mahfouz controls the stock through Investcorp director Abdullah Taha Bakhsh. (In 2005, Investcorp bought a company, CCC Information Services, owned by Bush family business cohorts Purnendu Chatterjee and Herbert �Pug� Winokur. Mahfouz also won a libel case in the UK over Brisard�s 2001 book �Forbidden Truth".

One well known terror researcher, Dr Rachel Ehrenfeld, refused to participate in the UK suit Mahfouz brought against her, resulting in a foregone verdict and fine. Instead she sought reversal in New York State Court of Appeals,, based on the US Constitution�s First Amendment. She lost in December 2007, the Appeals court stating it had no jurisdiction, because Mahfouz hadn�t tried to enforce the British court order in the US.

As a result of Dr Ehrenfeld's action, New York and other States have passed laws that libel cases must be judged by US standards only. Congress, as of December '08, was considering a similar mandate.
Mahfouz didn't attempt to enforce the British court fine. He died in early 2009, and his sons, Sultan and Abdulrahman, have taken over the family business. According to Craig Unger, author of House of Bush, House of Saud, the family has long been investors in The Carlyle Group, a private equity firm with strong Bush family and Saudi ties where George H.W. Bush was a senior advisor until October 2003.

The Mahfouz family has a website, www.binmahfouz.info, which lauds his benevolence and trumpets his legal actions. It does not however include any �search� features.

Categories

Information Technology

Sources

  • Perform New Search
  • Print This Profile
  • Email This Profile