Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: FOUND After 35 Years: CIA’s Fugitive Banker (Nugan-Hand partner) [View all]Octafish
(55,745 posts)8. I'm not to blame for bank collapse: Hand
Geelong Advertiser, AAP
November 10, 2015 2:45pm
MICHAEL Hand, the fugitive US banker who vanished from Australia 35 years ago, says he is not to blame for the collapse of the infamous Sydney-based Nugan Hand Bank.
THE 73-year-old also rejects claims he's been in hiding in the US, but says he left Australia because of "numerous" death threats he and his wife received.
SNIP...
The bank collapsed with $A50 million in debts and Hand became one of Australia's most wanted fugitives.
TOPS Knives, which Fuller created out of "a garage with minimal tools and materials" and has grown into a source for knives for US military clients, including Special Operations personnel, released a statement defending the founder.
SNIP...
"A recent news story has surfaced from 60 Minutes Australia condemning Michael Fuller as a criminal because of an incident that occurred in Australia over 35 years ago," the statement begins.
"This is untrue and inaccurate.
"While we empathise with those who lost money, as with any investment, Michael Fuller is not to blame.
"... After serving in the US military, Michael lived in Australia for a time and when a business that he was a part of collapsed, he left the country due to numerous death threats that he and his wife had received.
"He was never charged with any crime or arrested and has not been extradited because he did not commit any crimes in conjunction with this incident.
"Michael Fuller has not been in hiding in the US.
"He has had to work hard and long hours to make a living just like anyone else.
"Since living in Idaho, he has been running a small business, which started out in a garage with minimal tools and materials, and with money that was invested by people that helped to design the first knives the company made."
It is not clear if Australian authorities plan to seek extradition for Fuller.
SOURCE:
http://www.geelongadvertiser.com.au/news/world/im-not-to-blame-for-bank-collapse-hand/news-story/107224ddb0d27d930d3c20af2207078c
I'm searching for the press release. Will post in full if I find it.
Edit history
Please sign in to view edit histories.
30 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
I'd be the last to doubt Kwitny's credibility, but lack of citations makes follow-up much more
leveymg
Nov 2015
#3
Absolutely correct. The thing is, Kwitny does source his book, published in 1987.
Octafish
Nov 2015
#6
The fact there is so little coverage about this demonstrates corrupt nature of news media.
Octafish
Nov 2015
#17
Hand changed his name, but, for some reason, wasn't tracked by Uncle Sam for extradition.
Octafish
Nov 2015
#7
The great DUer MinM reported on Nugan Hand and its connection to Rupert Murdoch in 2012...
Octafish
Nov 2015
#11
Gnarly! Nugan Hand goes with BCCI in more than the annals of high class corruption.
Octafish
Nov 2015
#12
Banking CIA-Style : How the Money Moves Under The Table to Fund Covert Operations.
Octafish
Nov 2015
#16
billmon: Koch CIA is actually headed by hack GOP oppo researcher .. classic "deep state" stuff
MinM
Nov 2015
#23
Proto-Fascist Infrastructure: The NSA, Booz Allen, Unysis, Verizon... And The Koch Bros.
Octafish
Nov 2015
#26