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What Is
NATIONAL VANGUARD?

Swiss Oligarchs Tried, 'Punished' for Massive
Fraud
Report;
Posted on: 2005-12-15 16:48:21 [ Printer
friendly / Instant flyer ]

For privileged jews, the "justice" system has
more loopholes than kosher Swiss cheese

by
Our Swiss Correspondent

Jewish tycoons Leon and
David Gaon robbed 500 million francs from Gentile banks.
Through brazenness or intimidation, they went out of
court "virtually unpunished"; they did get a prison
sentence although it was deferred.

In the 1980s,
business went fine for Jewish oligarch Leon Gaon (now
78). He was recognized as one of the world's foremost
experts in the international peanut trade. His
Geneva-based trading company, Granadex, was raking in
millions. His son David Gaon (now 50) was progressively
assigned to managing the company. Leon Gaon's brother,
Nessim Gaon (now 81), was adding to Leon's clout. Based
in Geneva as well, Nessim Gaon managed an international
upscale hotel chain, the Noga Hotels. Nessim also was
president of the World Sephardic Federation, the central
organization of Oriental Jews.

(Illustration: Nessim Gaon, second from
left, attends World Sephardic Federation
event.)

Everything was fine. Or was it? Behind
the scenes, things played out differently. As the
witnesses would testify during a lawsuit filed by Bank
Austria (BA) and the Swiss bank Banque Cantonale de
Genève (BCGE), which took place in November, the Jews
were manipulating accounts. They were lying to Gentile
bankers, in order to extract more loans from them. They
took large chunks of money from European banks -- huge
sums of money that disappeared one after another without
a trace. Altogether, 500 million francs ($350 million
USD) were discovered to be missing by the time the
bankruptcy procedure was over.

At the time of
Granadex's glory, the company's naive auditors never
suspected any wrongdoing. The embezzlements were
cleverly disguised, and the shrewd Gaons were "very
persuasive" in letting auditors believe they were
brilliant and honest traders.

Granadex's
previous top accountant explained during the court
hearings that, at Granadex, "he had to do the accounting
like the Gaons requested, otherwise he would clearly
have been fired."

One of the Gaons' tricks was
to sell the same assets circularly from a Granadex
subsidiary to another subsidiary at higher and higher
prices, so as to artificially inflate profits on the
holding's balance sheet. This had the goal of letting
the gullible Gentile bankers believe that Granadex's
business was going fine and that the bank's loans would
be protected by good collateral -- whereas money was
actually being siphoned out of the company.

In
another typical trick, the Gaons brought whole abandoned
factories back to life in Argentina, in order to
convince visiting BCGE's chief executive Marc Fues that
their Argentine business was up and running.

To
betray the bankers and get even more easy money from
banks, the Gaons practiced another clever trick. They
would offer as collateral their own Salvador Dali
statues. Because these works of art were private, the
Gaons would explain to the naive bankers that they must
be kept at home. That way, as Catherine Voutsinas, a
former legal advisor to the Gaons, explained at court
hearings, the Gaons could borrow important sums of money
several times at different banks by using the same
statues as collateral.

When the gaping holes in
the Granadexis balance sheet could no longer be covered
up by the shrewd Leon and David Gaon, filing for
bankruptcy was the only option, but then Leon Gaon's
brother Nessim entered into the fray. Nessim Gaon
obtained a freeze in the procedure by brandishing a list
of (invented) assets worth 20 million francs for
Granadex, in order to let inspectors believe that some
money still remained on the Granadex balance sheet.

Nessim Gaon's only aim was to delay the
bankruptcy procedure of Granadex, in order to let his
brother's and nephew's wrongdoings escape any legal
pursuit. Indeed, under Swiss law all but the most
criminal offenses are written off after ten years if not
prosecuted. This means that delaying legal procedures
long enough is sufficient for criminals to eschew most
of their legal risks.

Leon and David Gaon
succeeded very well in crippling the bankruptcy
procedure. They were masters of deception. As BA's
attorney Philippe Neyroud explained to a stunned court's
audience, both Jews managed to convince the Gentile
inspectors not to cast any glance into Granadex
computers - by making them believe that an electrical
storm had melted the internal components.

These
delay tactics are the reasons why, in the end, only some
of the bankers' victims could act as plaintiffs against
the Jewish con artists. In the end, only 283 million
from the 500 million francs that the Gaons had
dissipated in this "fabulous hold-up," as Neyroud put
it, could serve as base for complaints against the
oligarchs. The only plaintiffs in this lawsuit, which
lasted from October 31 to November 4, were Bank Austria
(BA) and Banque Cantonale de Genève (BCGE).

During the whole lawsuit, both Jewish oligarchs
did nothing but whine about their plight. They
complained that their reputation had been destroyed,
that they felt excluded from society, that it was so
hard to sit at tribunal, and so on. As if by sorcery,
they succeeded in letting themselves appear as the
victims of the whole story.

The court's
president, Antoinette Stalder, as amazing as it might
seem, was moved by this hypocritical whining, and by the
Gaons' "testimony" about their suffering due to their
destroyed reputation. The Court recognized the full
guilt of the Gaons in stealing more than 500 million
francs, in tricking their accounts, in deceiving
bankers.

But still, because it had been
impressed by the Gaons' "suffering," the court opted on
Friday, November 4, for a deferred sentence! So strong
is the Gaons' deception power that both Jews managed to
completely reverse the real situation and to present
themselves as victims. The Court sentenced both Jews,
who had stolen 500 million francs, to a mere 15 months
and 12 months in prison, entirely deferred.

Another possible explanation is of course that
the Gaon's might in Geneva intimidated the Court. The
jury and the president might have been well aware that
any anti-oligarch move would have jeopardized their
careers. The fact that the majority of the witnesses who
were subpoenaed for testimony by the tribunal did not
show up, as well as the quickness of the whole lawsuit,
tends to corroborate this hypothesis.

Whatever
the reason, this absurd court sentence can only foster
further Jewish oligarchs' abuse in Switzerland.

Note:

Nessim Gaon and his
son-in-law, Yoel Herzog, were convicted of bribery
charges by a French court recently. The pair were
charged with bribing Cannes mayor Michel Mouillot in an
effort to put slot machines in a hotel casino they own.

Gaon was sentenced to three years probation and
fined 100,000 euros. Herzog, the brother of Housing
Minister Isaac Herzog, was sentenced to two years
probation and fined 50,000 euros.

Here's a
translation of an article about Nessim Gaon and his
attempts to extract 500 million from the Russian
Federation. It speaks of Gaon being caught bribing
Russian officials for lucrative contracts -- standard
oligarch practice.

Scandal in Le Bourget

Russian Aeronautics Journal
September 2001

In June of 2001, two Russian military jets were
forced to flee an airshow following an attempt by French
authorities to seize the aircraft based on a court
decision in a law suit by the Swiss hotel company Noga
against the Russian Federation.

The embarrassing
incident occured days before a planned visit by the
French President to Russia. A similar incident occurred
last year with the Russian tall ship "Sedov", which was
detained but later released by France. This incident
also occurred shortly before a planned meeting between
Putin and Chirac, which was later cancelled by Putin.

Months later, another conflict between Noga and
Russia occured days before the meeting between Russian
and French presidents -- an awfully big coincidence.
Whatever was the reason for the incident involving
Russian planes, most Russian journalists and political
analysts agree that Noga's bankrupt 79-year-old owner
probably gets substantial help from somewhere to
continue with his expensive but hopeless quest to
receive half-a-billion dollars from the Russian
government.

The company that caused Russia so
many political problem is a small and now bankrupt hotel
chain from Switzerland. Its former owner is 79-year-old
Nessim Gaon who was born in Saudi Arabia and during the
Second World War was an anti-Nazi spy for the British.

Nessim Gaon has a certain weight in Israel's
political elite: he was one of the co-sponsors of the
peace process between the former president of Egypt
Ahnvar Saadat and the former Prime Minister of Israel
Menahejm Begin. Nessim Gaon's daughter is married to the
son of Haim Gerzog, Israel's former president. Today
Gaon and his hotel firm are nearly bankrupt and his
$700-million law suit against Russia is his only chance
to save himself and his company. Noga's hotel in Geneva
has already been seized by Noga's creditors and Swiss
tax collectors. Noga's claims against Russia have grown
from $63 million in early 2001 to a whopping $495
million in a claim file by Noga lawyers in a New York
court in November 2001.

Today attorneys
representing Noga and its owner in a law suit against
Russia plan to file a $700 million law suit, but say
that they will settle for $100 million, showing that
their client is anxious to get some cash. In July of
2001 representatives of Noga claimed that Russia owed
them $800 million. In 1991-1992 Russia had signed
oil-for-food barter deals with Noga but stopped payments
in 1993 amid allegations of Noga bribing Russian
government officials to get the contracts.

In
1997 an international arbitration court in Stockholm,
Sweden, ruled against the Russian Federation, which
still refused to make payments and filed appeals and
counter-suits against Noga. In 2000 a French court ruled
in favor of Noga and impounded a Russian tall ship
"Sedov" which participated in an international show in
the western port of Brest, France. French authorities
also seized bank accounts of the Russian embassy in
Paris.

A French appeal court determined seizure
of "Sedov" illegal after Michel Quimbert, the lawyer for
the ship's owners, the Technical University in the
northern Russian town of Murmansk, argued in court that
the university, as an autonomous state body with its own
budget, could not be held accountable for any debts
incurred by Russia. Later both the ship and the bank
accounts were released, but not before the situation
cause a serious rift in the relations between France and
Russia: the situation with "Sedov" was cited as the
reason for President Putin's refusal to meet with the
French President Chirac during the G-8 summit in
Okinawa, Japan.

The latest conflict between
Russia and France over Noga comes during the world's
largest airshow and days before the planned visit by
President Chirac to Moscow. Many Russian politicians and
analysts believe that this is not a coincidence but a
planned political action designed to worsen the
relations between France and Russia even further.
Several sources at the Russian embassy in Paris were
cited by Russian media as saying that Boris Berezovsky -
a millionaire media mogul from Russia - is behind the
latest scandal involving Noga.

A number of
Russian politicians called on President Putin and
Russian national security agencies to take appropriate
action against Noga and any other parties involved in
the conflict. Both MiG and Sukhoi have been advised by
their attorneys to file law suits against Noga.

Source: Swiss Correspondent

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