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October 7, 2012

Hopping Down the Money Trail

Tracking Anders Breivik's Ultimate Bankroller

In the previous blog post, a question was posed with regard to the claim made by Anders Breivik at page 1414 of his compendium that in April and May 2002 he was in England meeting with a group of businessmen whose " primary objective is to develop PCCTS, Knights Templar into becoming the foremost conservative revolutionary movement in Western Europe the next few decades."
Was there a connection dating back to 2002 that can be traced to any known operatives of similar persuasion in Britain?
Oslo police confirmed that Breivik did travel to Britain at least twice — in May 2002 and December 2003, but it had no knowledge about with whom he may have met during those trips. Whether or not Breivik knew who was recruiting him into his new Templar lodge, or why they were doing so, he clearly refused to name any real names when questioned after his arrest. As is the code of every secret society, he revealed nothing that would lead to proving a conspiracy. 

Before proceeding to uncover persons who may have met with Breivik, either in Liberia or London, it is necessary to first explore the source of Breivik's quickly acquired wealth--to follow the trail of money, which is always a prime motivator for conspiracies. 

The trail here begins with Breivik's "media" business, the first step of which occurred in 1998, when registration was made with Central Contractor Registration (CCR.GOV), the primary database for contractors who choose to do business with the U.S. federal government. This information was disclosed by testimony given at Breivik's trial by Oslo police superintendent Unn Hege Sørensen. But she failed to state how he used such a CCR to contract with governments in the U.S. through his telemarketing work with the following companies for which he worked:
  • Telia Norway AS
  • Behring & Kerner Marketing AS or
  • Enitel Telephony
Enitel AS went into bankruptcy ten days after the 9/11 attack in New York City, according to the Board of Directors' announcement made in in Bucharest, Romania. Its subscriber base was soon sold to a Swedish rival company called Tele2, which later threatened to back out on certain commitments unless the government of Norway relaxed requirements on the 3G network construction. 

A Norwegian newspaper reported that while quite young Breivik spent a short time in the hospitality industry--Lekter'n place at Aker Brygge--and the same year he began as a telemarketer in the now defunct advertising firm, Direct Response, where he worked until 2003.  
From Marketing to Advertising

Airport ads
The same newspaper indicated that Anders Behring in 1998 established Behring & Kerner Marketing DA with an unnamed friend, and the company formally dissolved in 2001, presumably after selling the marketing contracts it negotiated to SNT Norway--a marketing company for the communication, advertising and media fields. SNT Norway was controlled by the larger Dutch SNT Group N.V., which was to merge in 2004 into Koninklijke KPN N.V.   

After the merger, disclosures were made by Capital Group International, Inc., Capital Research and Management Company, and Barclays Plc, of their ownership of 5% or more of the ordinary shares of KPN Telecom stock, in the following amounts, respectively:
  • between 5%-10% (November 1, 2006: 7.4%), 
  • 15%-20% (January 8, 2007: 15.07%) and 
  • 5%-10% (January 5, 2007 5.38%).
James Holmes
Capital Research and Management Co., was a privately held company first established in 1931 and, according to SEC statements, manages more than $1 trillion in assets, but "largely has flown under the public radar." It located  in Phoenix, Arizona, because of the region's commitment to fund technology research and development. Intriguingly, CRMC was also the largest investor in a company called Fair Isaac (FICO), related to another mass killing, which occurred in Aurora, Colorado in 2012.

The 2010 annual report for KPN reported, using as its Source, Thomson Shareholder ID Q3 2010:
KPN Shareholding Estimated geographic breakdown:
United States 35 – 40%
United Kingdom 20 – 25%
France 5 – 10%
Germany 5 – 10%
Netherlands 5 – 10%
Rest of World 15 – 20%
Bain Company Steps In

This ownership of KPN through American investors culminated on December 21, 2009 when KPN became 100% owner of the Burlington, Massachuetts-based iBasis, Inc., a Delaware corporation whose stock was formerly traded on NASDAQ. Bain Capital's Erin Wise shows up as a vice president of iBasis, but Robert A. Maginn, Massachusetts GOP chairman, played an even more significant role in setting up the company.

Maginn of Bain and Co.
According to a slip opinion entered in the court in 2009, in the case of Alan and Joan Frishman, Richard Simon, and Sheila Nassberg  v. Robert A. Maginn, Jr.:

Ling Chai
Frishman met Maginn, a partner at Bain and Company, in 1999 as Maginn was attempting to raise capital to invest in a private company originally called CollegeNet, Inc., which was a leading provider of enterprise software to colleges and universities. It was formed in 1998 by the defendant's then fianceé (now wife), Ling Chai, a Princeton graduate with a Harvard MBA (following what Forbes termed "her glory days as onetime 'commander-in-chief' of rebel students in Beijing). It was renamed as Jenzabar, Inc. before the time of Frishman's investment. Additional funding for Chai's startup came from Paul B. Fireman and Stephen Perlman, according to Forbes.

Another Bain partner named Charles Farkas had issued the invitation to Frishman to invest in it, and Frishman then he was contacted by Maginn to discuss it further. Not longer after that, New Media Investors II, LLC was set up by Bain to purchase unregistered securities of Jenzabar, which Magin as the manager. Subsequently, other investors recruited by Frishman were considered by Bain -- the plaintiffs plus  Jack Frishman, Edward Nassberg, Kenneth Gross, Yun Peng Wei, Gang Xiao, and Lily E. Deng--by the last three were rejected as not accredited investors. However, Frishman was told they could invest in that fund under his name.

Prior to the Frishman transaction, Maginn and other unnamed Bain investors, in December 1997 and June 1998, had purchased through an entity known as Sunapee Securities, Inc., unregistered shares of series A convertible preferred iBasis stock for $1 per share. This stock would automatically convert into iBasis common stock upon the closing of an iBasis initial public offering (IPO). In June, 1999, New Media Investors III, LLC (NM III), was created to allow Bain partners with preemptive rights to acquire interests in the iBasis C shares.
According to the lawsuit, Maginn told Frishman:
  1. that he hoped to provide Frishman with $40,000 worth of unregistered pre-IPO shares of iBasis in gratitude for the $200,000 that Frishman raised for Jenzabar; and 
  2. that iBasis was planning an IPO in late 1999 and that the iBasis shares which he would be assigning to Frishman would be "locked up" for a period of six months following the IPO.
Frishman forwarded a check to Bain's office and wrote an email to Maginn, detailing his understanding that he was investing the funds on behalf of himself and the other investors with him in the previous fund on the same basis, but never received the paperwork he felt necessary to ensure himself and his group that it had been documented before iBasis went public on November 10, 1999, and traded as IBAS. Frishman was hired briefly by Jenzabar in late 1999 but let go within a couple of months. In mid-2000 he filed the lawsuit, which is only relevant for purposes of this research to indicate that Bain & Company was promoting investment as early as 1997 in the company which eventually would acquire the marking firm set up by Anders Breivik in Norway at about the same time.

Breivik apparently had exchanged his company's shares for shares of SNT Norway and cashed them out before 2002, when he began traveling on behalf of his cause, which culminated in the Utøya Island massacre on July 22, 2011.

July 22, 2010  Massacre in Norway

Mitt Romney's Role at Bain & Company

We all know that Mitt Romney left Bain & Company in 1984, when its founder, Bill Bain and his partners cashed out much of their stock in Bain & Company in order to spin off Bain Capital under Mitt Romney to do private equity. What many do not know is that Romney, the golden boy, went back in the early 90's to restructure the consulting company's debts, short of filing bankruptcy.  The September 13, 2012 issue of Rolling Stone tells what happened next:
In the late 1980s, a Bain consultant became a key figure in an illegal stock manipulation scheme in London....By the time the 1989 recession began, Bain & Company found itself going broke fast. Cash flows weren't enough to service the debt imposed by the founders, and the firm could barely make payroll. In a panic, Bill Bain tapped Romney, his longtime protégé, to take the reins....Romney had a direct stake in the survival of Bain & Company: He had been working to build the Bain brand his entire career, and felt he had to save the firm at all costs....
Romney moved decisively, and his early efforts appeared promising. He persuaded the founders to return $25 million of the cash they had raided from Bain & Company and forgive $75 million in debt, in return for protection from most future liabilities. Romney then consolidated Bain's massive debts into a single, binding loan agreement with four banks, which received liens on Bain's assets and agreed to delay repayments on the firm's debts for two years. The federal government also signed off on the deal, since the FDIC had recently taken control of a bank that was owed $30.6 million by Bain....
The FDIC considered finding a buyer to take over its loans to Bain, but analysts concluded that "Bain has no value as a going concern." And the government wasn't likely to get much out of Bain if it allowed the firm to go bankrupt: The loan agreement engineered by Romney had left the FDIC "virtually unsecured" on the $30.6 million it was owed by Bain. "Once bonuses are paid," the analysts warned, "all members of the bank group believe this company will dissolve during 1993."

The FDIC agreed to accept nearly $5 million in cash to retire $15 million in Bain's debt – an immediate government bailout of $10 million. All told, the FDIC estimated it would recoup just $14 million of the $30 million that Romney's firm owed the government.

Before the dissolution of the marketing company, in 2000 Anders and another (perhaps the same?) unnamed childhood friend expanded into advertising, creating Media Group AS. They leased an office in Lower Castle Street in Oslo's city center where he met the lawyer, Geir Lippestad, who would defend him after the murders, who had his office at the same place. 

Excerpts from the translated version of questions and answers given by Anders Behring Breivik during  a sanity hearing states with regard to his previous businesses are set out below:

It is a franchise agreement you did with an American company, it was a call-back system that started with, but then it [technical term], the use of an alternative platform to Telenor, and the purpose is cheaper units. For foreigners who want to call overseas. I was chairman. There were a corporation. I had been working on development. I and NN had developed the concept for this company, which was to collect 300 million....

Behring Anders Breivik: – The intention was to ensure that as much of the money was withheld from taxation. For this I had to implement a strategy for money laundering. Therefore, I created accounts in tax havens in the Bahamas and in Latvia. It was perhaps seven countries in total....
Anders Breivik Behring – I made ​​the first million when I was 24, and four million maybe when I was 26

Behring Anders Breivik: – There were at least two countries in the Baltics and maybe three or four countries in the Bahamas.

Prosecutors Inga Bejer-Engh: – But if the conflict in Kosovo importance for the establishment of the Knights Templar in 2001?

Behring Anders Breivik: – Yes, it was probably the straw that made ​​the cup to overflow for very many nationalists in Europe.

Prosecutors Inga Bejer-Engh: – And it was as a result of NATO bombing, is it to understand?

Behring Anders Breivik: – Among other things, the bombing of Kosovo in April 1999 was a very important hitsorisk.

Prosecutors Inga Bejer-Engh: – How do you see this bombing?

Behring Anders Breivik: – It was Kjell Magne Bondevik and … Foreign Vollebekk who was responsible, it was they who signed the documents that gave NATO the ability to bomb Serbia. And I think it was grossly unfair that NATO bombed Serbia who only wanted to deport the Muslims from the area.

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