Spooks, swindles and snakes in the grass: the seductive allure of the secret banker

Helen Parry of London Guildhall University probes the mythic market in obscure government bonds and deeply discounted wholesale interbank paper and discovers that “prime bank” fraud, once exclusive to the very rich, now claims an increasing number of lawyers and other professionals as victims.

“Schlei and Han met with Stanley Sporking, the General Counsel for the Central Intelligence Agency (CIA). Shlei told Sporkin that he had been informed by a group of Japanese citizens that a secret, two billion dollar fund had been accumulated by General Douglas MacArther (The ‘Marquat Fund’) and came from money confiscated from foreigners, the imperial family and property seized during Japan’s occupation of Korea. Schlei told Sporkin that the fund was administered by the United States and the Liberal Democratic Party in Japan. Schlei related that he was informed that in 1958, then Vice-President Nixon promised to give Okinawa to Japan and turn control of the ‘M’ fund over to Japan in exchange for Japan’s support in electing him President of the United States.”