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Please MAKE SURE you listen to all the interviews and read all the information linked from my sources before you answer, so that your answer is well-informed:

http://jasonhommelforum.com/forums/showthread.php?t=219

At first glance, the story seems delusional, until you listen to all the interviews of Leo Wanta, and realize how he did this. Given $150 billion from US Treasury in 1985 by President Reagan, he claims to have bankrupted USSR, by buying inconvertible rubles for $0.18 to $0.28, then selling them to those who owed rubles to Krelim for $0.80 to $1.08. Then continuing to compound the proceeds over in the intervening years.

"I don't know if the whole Leo Wanta thing is a hoax, but I suppose we will soon find out...July 31 deadline...unnerving to the degree it ties in all scams since 80s (Iran Contra, Reagan's rapid onset Alzheimers, Brady Bonds, Global Crossing, 9/11, Iraq, Somalia, Osama Bin Ladin, Israeli PM Rabin's murder, Enron, Trans-Afghanistan Pipeline, etc..."

2006-07-27 09:34:17 · 7 answers · asked by Shelby M 1 in Social Science Economics

Please no unsubstantiated opinions. Please present some facts to back up any opinion you want to share. Remember this service is for Answers, not noise. I am asking the question to hopefully get some additional data that I isn't already in the sources I have provided.

Again I repeat, review my sources in detail please.

2006-07-27 09:53:05 · update #1

NC (your 3rd answer is erroneous),

According to Wanta and his documents, the $27 trillion is still stored in 110 offshore non-G7 banks. The whole point is he is trying to bring the money back to US Treasure, but he claims that the Illuminati is (Bush, Clinton, Federal Reserve, Rockefellers, etc) are colluding to block the money from being returned, since once it is entered on the US Treasury balance sheet, then it will cause a huge popular uproar which will criminally implicate the aforementioned individuals (and more).

Wanta is trying to bring the money of the US people back to the US Treasury.

The countries which owed Roubles were apparently the USSR bloc countries. Yes the roubles were incontrovertible (not allowed to leave USSR), which is why Wanta's scheme was so profitable. He used the free market against them.

Please provide a source for your claim that official exchange rate was not $1.20.

Again, you are failing to review all the info at my sources.

2006-07-27 12:05:24 · update #2

7 answers

Leo Wanta is a definite hoax. While you're looking for definitive proof, all you have is a couple of small interviews and not a single proven document that indicates anything. In none of the articles available online anywhere was there any proof that a single word he said was true.

For example, has Mr. Wanta shown ANYBODY a paystub, employee id badge, award or letter proving that he was a employee of ANY U.S. government agency, at ANY time in his life?

Mr. Wanta indicated in the interviews I found that he was an official representative of Somalia to Canada. That would be a touch difficult, considering that Somalia has no central government. Why not just claim to be the Klingon representative?

More? Okay. The courts in Wisconsin, after several different opportunities, came to the conclusion that he was NEVER representing the U.S. government. He promised in court to bring the U.S. Attorney as his rep. It ever happened.

The bottom line: If you want to believe in global conspiracies, that everybody in power is actually in cahoots together (despite the players changing constantly), and that there is $27.5 tillion out there just waiting to solve all our problems (but the nasty government wouldn't want our problems solved), then by all means believe it.

Those of us who ask for facts will believe otherwise.

2006-07-29 06:52:08 · answer #1 · answered by bjlevine 3 · 0 0

I have been doing some research on this and have found some bona-fide court documents and other interesting information to say the least. I have attached links to these pages.
Some points of interest:
1. Note how much money and how many foreign corporations are listed in these court doc.

2. Note his use of the name "Frank B. Ingram" by Wanta.

3. Wanta is also connected to "Miapollo Investments" through a lawsuit...

If you review all of the links below carefully, you will begin to smell something....

2006-07-30 03:49:37 · answer #2 · answered by Scott 1 · 0 0

Leo Wanta

2016-10-30 10:56:21 · answer #3 · answered by ? 4 · 0 0

First of all, no one owed roubles to the Kremlin. Ever. Kremlin dealt with foreign counterparties either in hard currency (mostly dollars) or in-kind. (India was a special case and got to pay for Soviet weapons in its own currency, which the Soviet government used to procure goods in India.) Just the opposite: Kremlin owed roubles to the Soviet population, since it issued rouble-demoninated savings bonds.

Roubles were illegal to transport across the Soviet border, either in or out. Moreover, the official exchange rate in the USSR was $0.63-0.67 throughout the 1980s, so why would anyone want to buy roubles for $0.80 to $1.08?

Now, let's take a look at the U.S. government's balance sheet:

http://www.fms.treas.gov/fr/05frusg/05stmt.pdf

Total assets of the U.S. government as of the end of fiscal 2005 were less than $1.5 trillion. So where are the $27 trillion you are talking about?

2006-07-27 10:46:38 · answer #4 · answered by NC 7 · 0 0

I'm not sure either, but I guess I would not be surprised by anything at this point. I was actually about to post a question on this topic, until I saw your question. It always amazes me how quickly people dismiss something when it doesn't fit their illusion of reality. Like you said, this is supposed to be a place for answers, not noise.

Also, people should make a point to go see "America: From Freedom to Fascism" by Aaron Russo, which opens tonight.

Supposedly, they tried to claim he was dead in order to seize the money. Most interesting is also that Wanta was a friend of Vince Foster's.


I found the following article very interesting:
http://www.aci.net/Kalliste/wanta.htm

Wanta, an erstwhile travelling companion of Vernon Walters and supplier of machine guns to Bill Casey, was arrested by Swiss authorities on July 7, 1993, in Geneva, Switzerland. He was held for four months, then extradited to Wisconsin to stand trial for state taxes owed for the years 1982 and 1988. The grand total of taxes owed--$14,000.

Curious that. Extradited for $14,000? In taxes? From Switzerland? The story gets weirder.

Wanta was sentenced to 22 years in prison. (Better he had killed a few people than that he owed taxes.) Afterward, on Sept. 21, 1996, Wanta wrote a mysterious letter to Hillary Rodham Clinton, referring to "U.S. President Bill Clinton's Short Term Notes and IMF Sale of Bullion." In the letter Wanta referred to his own "de-stabilization of the Soviet Union Rubles (SUR)" and noted that he "prevented the Soviet & Italian Mafiosa from the Soviet Funds in favour of our U.S. Treasury & Metals Accounts in excess of US$ 150 billion".

Wanta then threatened: "Until by legal release from the un-consitutional/ false incarceration in Wisconsin--as a diplomat & non-resident--I am legally interested in the corporate placement of short-term notes & I.M.F. gold bullion/troy ounce delivery contract. Thank you for your kind assistance in this timely situation."

Wanta's letter (or letters) got results. On Jan. 10, 1997, Wanta received a reply from Erskine Bowles at the White House.


Mr. Leo E. Wanta
c/o Kettle Moraine
Correctional Institute
P.O. Box 31
Plymouth, WI 53073

Dear Mr. Wanta:

Thank you for your
letter. I appreciate
hearing from you.

To give your concerns the
proper attention, I have
forwarded your letter to
the Office of Agency
Liaison within the White
House. You can be certain
that your concerns will
be carefully reviewed.

Again, thank you for
writing.

Sincerely,

Erskine B. Bowles


On February 1, 1997, after Bowles had checked with W.H. Agency Relations, Leo Wanta was released on $90,000 bail.

So here's what we know about Wanta so far: Extradited from Switzerland on a triviality. Sentenced to 22 years on the same triviality. But then sprung after references to "Bill Clinton's short-term notes" and the White House checks with Agency Liaison. "

2006-07-28 09:37:50 · answer #5 · answered by Liz 1 · 2 0

After reading all this looks like Leo is not Bonafide trustee and it is manipulated.

2006-07-27 10:14:10 · answer #6 · answered by Jigyasu Prani 6 · 0 0

scammmmmmmmmmmmm

2006-07-27 09:38:31 · answer #7 · answered by marym 1 · 0 0

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