Agency: FBI
Originator: FBI
From: EVANS, C. A.
To: BELMONT
Document date: 08/30/1963
Document type: PAPER-TEXTUAL DOCUMENT

## Page 1

124-10207-10115

JFK Assassination System

Identification Form

Agency Information

Date:

4/28/201

AGENCY: FBI

RECORD NUMBER :

124-10207-10115

RECORD SERIES :

HQ

AGENCY FILE NUMBER: 62-9-29-713

Document Information

ORIGINATOR:

FBI

FROM:

EVANS, C. A.

TO : BELMONT

TITLE :

DATE :

PAGES:

SUBJECTS :

08/30/1963

2

CIP, SIGELBAUM, BENJAMIN BERTRAM, B/F INT,

GAMBLING

DOCUMENT TYPE:

PAPER, TEXTUAL DOCUMENT

CLASSIFICATION:

Secret

RESTRICTIONS:

Consulted; 1A

CURRENT STATUS :

Redact

DATE OF LAST REVIEW: 09/30/1998

OPENING CRITERIA: APPROVAL OF CIA, TRS

COMMENTS:

REFERRED TO TRS

v9.1

NW 50953

DocId: 32291339

41

Page 1

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## Page 2

OFTIONAL

UNITED STATES,

GO

Memorandum

TO

w. Bolton s

Tolson

Belmont -

Mohf

Casper -

Callahan .

Conrad

DeLoach!

Evans -

FROM :

SUBJECT:

SECRET

August 30, 1963

4-29-98

sullivan -

Tavel -

Trotter

C. •A. Evans

CLASSIFIED BY 5L18 SUB/KSA

Tele. Room

Holmes -

DECLASSIFY ON: 25X

Gandy -

CRIMINAL, INTELLIGENCE PROGRAM

MIAMI DIVISION

JFK,

nicensate

Information was set forth in memorandum dated August 22,

1963, that Benjamin Bertram Sigelbaum, who is prominent in the

transfer

and distribution of skimmed funds from the Las Vegas gambling casinos,

considered the Swiss banking business to be very lucrative.

stated that the banks lend money to African countries at 12 to 15

per cent

interest and they receive government bonds of these

countries, which, if defaulted, are apparently underwritten by the

U. 'S. Government.

The Director has asked "Just how does this work?"

Theylega. Attache, Bern, has advised that John P. Dimmer,

Chief of Station, Central Intelligence Agency (CIA), Bern; stated

that he"has no knowledge of

such transactions being made by Swiss

banks and thought sigelbaum's allegations sounded extremely doubtful.

Charles W. Bass, Economics Section, U. 'S. Embassy, Bern}

advised he

has never heard of such loans being made by Swiss

banks He pointed

out that if the U. S. would underwrite against default a loan to

an African country, thenthe African country could easily borrow

money in Switzerland at fivé or six per cent interest instead of 12

to 15 per cent.

to be unlikely.

Bass regarded U. 'S underwriting of African bond&

As set forth in memorandum dated August 27, 1963, in this

matter, Joan Grosvenor, Chier Counsel, Bureau of Public Debty U.SS&

Treasury Department, advised there is no blanket underwriting

foreign government bonds by the U.S. Government, although ru

particular projects in foreign countries may be underwritten

LEASE OF CIA INFORMATION BRACKETS

HIS DOCUMENT. EXCEPT

on an individual basis through some U. •S. Government agency?'

REL

Offitials of

the Agency for International Development (AID)

have advised that this

agency has limited authority to underwrite

projects forgeconomic

devs_opmentrof foreign countries.

They stated

that they had not üsed this authority to underwrite any bond issues

of African countries.

FREC- 54: 62-

-29-713

Sigelbaum's comments were furnished by highly confidential

sources and no details or basis

For his statements on chis

ACTION

(6)

91u97 aples

DAIRSE IN POLInformation.

DECEASE IN PART

TOTAL DENIA D ye

ECRET

NH 50953 DocId: 32291339 Page 2

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