COBB, LLOYD J.
Agency: CIA
Originator: CIA
From: CI/R&A
To: GREANEY, JOHN, OGC
Document date: 03/18/1968
Document type: PAPER-TEXTUAL DOCUMENT

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51(61

18 March 1968

SUBJECT: COBB, Lloyd i.

Lloyd J. COBB, born 19 July 1904, New Orleans, Louisiana, senior

member of the law firm, COBB and VRIGHT; New Orleans, Louisiana, was

granted: a Frovisional Security Approval on 19 June 1967 to permit

contact and assessment of COBB in connection with his use on a Cleared

Attorneys' Panel for the Office of General Counsel.

COBB had been granted a Covert Security Clearance on 3 October 1953

for use on a private attorneys panel for the OCC. A security investigation

in 1953 was generally favorable. Noteworthy information regarding

Subject at the time was a report that in 1949 while he was serving as

President of the International House in New Orleans, he and one Rudolph

HECHT were alone in favoring a Czech exhibit at the

International Trade

HECT, President of the Hibernian Bank of New Orleans at the time

was reportedly the power behind the International House and Trade Mart

and COBB was said to be his protege.

Both COBB and HECIT took the stand

that trade with a Russian satellite was desirable as long as it was not

prohibited by law and was profitable, regardless of other considerations.

Rudolph HECHT was approved fos limited contact use in 1950 and

1951•

An informant in 1947 characterized FRCHT as a tary "sharp trader"

in New Orleans who had been under suspicion during World War I.

1885 in Ansbach, Germany, emigrated to the U. S. in 1903, was naturalized

in February 1912 and died on 19 January 1956.

born

COBB's law firm's main client in 1953 was the HELIS' corporation.

William George HELIS, Jr. was President of the HELIS Petroleum

Corporation, New Orleans, Louisiana. He was considered for an Operational

Clearance in 1953 but the case was cancelled 28 January 1954. HELIS

was granted.a, Covert Securitv Anproval on 31 August 1955 for the purpose

Jan Agency project and

this clearance

was

amended on 4 November 1955 to include his use on another Agency project.

HELIS, Sr. amassed a fortune in the oil industry and allegedly had

business dealings with the notorious Frank

LONG, controversial governor of Loulsiana, COSTILLO, racketeer; Euey

and John MARAGON who was

involved in the "five percenter" scandals during the TRUMAN administration.

HELIS was considered for a CSA in 1967 but the request was withdrawn08

31 August 1967. Investigation had developed information

GROUP 1

Excluded frota automalli

downerading and

declassilicallon

SECRET

V/ML

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Of interest in connection with the Clay L.. SHAW case is a runor

that was current.in New Orleans and reported on during the time of

HELIS' 1967 security investigation. The reliability of the informant was

unknown.

"The essence of the sunor was to the effect that Clay SHAW

: has been closely linked as an associate of one of the wealthy ani

socially prominent 'frIs" girls as well as one of the MoviEldoN

girls of the family who founded the hotel of the same name.

08

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