f Released under the John F. Kennedy Assassination Records Collection Act of 19927 (44 USC 2107 Hote}y. | DATE: 11-14-2017 JFK Assassination System Identification Form Agency Information ; AGENCY: FBI RECORD NUMBER:  124-10207-10110 RECORD SERIES: HQ AGENCY FILENUMBER: 62-9-29-708 Document Information ORIGINATOR: FBI FROM: EVANS, C. A. 3 TO: BELMONT TITLE: DATE: 08/27/1963 PAGES: 2 SUBJECTS : CIP, GAMBLING, FINANCES, B/F INT, THP DOCUMENT TYPE: PAPER, TEXTUAL DOCUMENT CLASSIFICATION: — Unclassified RESTRICTIONS: — Consulted CURRENT STATUS: — Redact DATE OF LASTREVIEW: 09/30/1998 OPENING CRITERIA: APPROVAL OF TRS COMMENTS : REFERRED TO TRS ————————— tt v9.1 Docld: 32291334 Page 1 38
(Released under the John F. Kennedy Hote). DATE: 11-14-2017 wths = OPTIONAL FORM NO. 10 . ‘ a . : CU . me S me UNITED STATES GOVERNMENT ” Belnon ca iF Wey Cheper _ Memorandum — — COS i . TO : Mr. Belmont “pate: August 27, 1963 . ALL INFoRMatIO : TES ese B tietes Be FROM: C. Ao Evang “ WOT eee Trotter Ape . /j susyect: CRIMINAL INTELLIGENCE PROGRAM — MIAMI DIVISION . In my memorandum of August 22, 1963, information was set | forth that Benjamin Bertram Sigelbaum, who is involved#in the ~— transfer and concealment of skimmed funds from the Las:,Vegas gambling casinos, attempted to explain how lucrative the Swiss banking business is. Sigelbaum stated that the banks lend monéy to African countries at 12 per cent and 15 per cent interest and that they receive government bonds of these countries, which, if: defaulted, are apparently underwritten by the U. S. Government. The Director asked ‘Just ‘how does this work?" ON nt 4 es" ‘3 ; . a 7 _ -=- This information was furnished by highly? confidential. sources without. further comment or elaboration.,. Sigelbaum and his associates have previously expressed a desire to invest funds in / the owitrship.of a Swiss bank, but this is the first information w have received to indicate any knowledge on their ‘part of Swiss banking investiient practices. a | har x John Grosvenor, Chief Counsel, Bur eau of Public Debt? U.S. | Treasury, Department, advised that there is no blanket underwriting of | foreign*govérnment bonds as such by the U..S. Government. The U. S. /Governmént <ddes agree to underwrite particular projects in foreign — | ‘count¥ies for:their economic development. This may be doné*through ~ the State Department, Defense Department or some other agency. AS particular: foreign country, with sucha project, issues bétids through its own agencies to finance the cost of the ‘project. , Such bond issues fréquéently-offer better interest rates than our own bankS© There is a ‘wideyyvariation among these interest rates. It is necessary to Iconsider specific countries and projects to determine exactly what | i] he.-particular rate of return on a bond. issue would be. _**  “& Mr. Grosvenor also‘ mentioned that in international financing, independently operated agencies.- such as the International Monetary ‘Fund, to which, the:Ua:!Si Government subscribes heavily, aré. often,-inaceurately: described as U.S. Government operations. It is ‘possible for, such agencies t& thddiwr itestbonds issued by foreign . a governments, or by, the, agencies of these governments.» IG segs! "706: ARW:Fap:) dechcuicitn py S08 Sto/en” Rion. a cel es (8) 7 0x Hele : (a6) eae SEP 5 1963 , ode . id 09 sep 6~ 1968" “Docld: 322791334 Page 2