Probably Just a Coincidence - You Never Know When You Might Need to Blow Up a Synagogue

The ascension of George Lincoln Rockwell as the leader of the US Neo-Nazi movement was contemporaneous with the formation of NUMEC and Apollo Industries by some enthusiastic Zionists back in 1958. If there is one thing the Deep State is good at, is distracting attention from a large crime with a headline grabbing smaller crime.

As described in our previous posts, George Lincoln Rockwell started to attract attention as the leader of the American Neo-Nazi movement in 1958. Harold Noel Arrowsmith Jr., whose family was an early investor in the development of Gibson Island, provided Rockwell with some funds and printing equipment that allowed Rockwell to get some momentum. We also wrote that Rockwell may have had foreknowledge of the 1958 bombing of an Atlanta Synagogue. Rockwell and Arrowsmith were both interviewed by the FBI shortly after the bombing.

If the Deep State is going to commit to nurturing a terrorist group, it will typically try to get its monies worth. The Deep State long term plan is generally to advance a branch of a dialectic (black civil rights groups versus segregationist proponents.) Over the short-term though, their is no reason why the terrorist group, already on the pay roll, couldn't be used to clean up a few messes, or eliminate the occasional witness.

Zionists form NUMEC 

As described in our on going series about the Apollo Affair (Part 4) (Part 3) (Part 2) (Part 1), the Mossad, with the help of some Pittsburgh area Zionists formed NUMEC in 1958. The purpose of NUMEC was to smuggle Highly Enriched Uranium (HEU) out of the NUMEC plant and into the Israeli nuclear weapons program.

We argue that the Pittsburgh area Zionists were mostly just the cover for a larger Deep State effort, and theorize that the "entrepreneur" (Zalman Shapiro) who formed NUMEC from the consolidation of Apollo Steel, San Toy Mining, and American Nut and Bolt Fastener, probably had to answer to a group of investors that are not known.

The Dave McGowan Theory of Serial Killers     

In the book, "Programmed to Kill", Dave McGowan puts for the idea that some of those famous serial killers of the 1960's and 1970's were creations of an MK Ultra type effort, or if not quite created "whole-cloth" at least had some CIA encouragement. These serial killer "characters", such as the Zodiac Killer, Charles Manson, David Berkowitz, and others, helped the Deep State advance its long term agenda to;

1. So fear and create "tension" in the broader populace and,
2. Kill a witness and/or enemy whose death can be blamed on the random murder of an unhinged serial killer.

Take the Zodiac Killer for example. Mr. Zodiac kills two teenagers one night. A few weeks later, another teenager is murdered in the same general area. Whether or not the three murders are related, the "authorities" have a great narrative to sow fear among normal people that no one is safe. Let the social engineering begin.

David Berkowitz (Son of Sam) played a similar roll in terrorizing the populace of New York City in the late 1970's. There is also evidence and assertions by researchers that two of the Son of Sam's murders were likely "contract hits", by either Berkowitz himself, or other members of the Process Church, which also had CIA connections.

Neo Nazis Needed

The formation of NUMEC was a big undertaking. Zalman Shapiro took the first steps towards its creation in 1956. (The 1956 formation was mostly on paper through its incorporation. We consider the actual formation of the business to have occurred in 1958, when NUMEC was merged with the aforementioned operating companies [Apollo Industries and its subsidiaries, San Toy, Apollo Steel and American Nut.])

Under such a large and treasonous undertaking (creating a company to smuggle HEU), and under the assumption Shapiro had Deep State help, proper planning would likely have to include a mechanism to destroy or cover-up any illegal activity if the conspiracy was discovered.

George Rockwell and his band of Neo-Nazis might have been the perfect foil for that role. We can imagine a scenario where Shapiro and his cohorts, which included names like, Sachs, Lowenthall, Solomon, Reizenstein, Kaplan, among others, eventually attracted the attention of the Feds, and needed to be eliminated. Under the auspices of standard antisemitism, a bomb in the Pittsburgh branch of the Zionist Organization of America, of which Shapiro was a member, might be the ideal cover for the murder of a witness and co-conspirator for a huge Deep State sponsored Uranium smuggling program.       

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The Apollo Affair, Missing Uranium and Katy Perry (Part 4)

As described in (Part 3)(Part 2) (Part 1), a good way to launder large sums of money, before computers and updated securities rules and regulations, was to use publicly traded shell companies. The San Toy Mining Company and The Apollo Steel Company were publicly traded shell companies when they merged in 1958, along with The American Nut and Bolt Fastener Company.

Another way to describe a "publicly traded shell" is, a company that no longer does any actual business (or very little) and that has been registered with the SEC under the Securities and Exchange Act of 1933. The SEC registration permits shares to be listed on a public exchange. If you are some sort of criminal with nefarious intent to launder millions of dollars, you need shares that have already gone through the SEC registration process. (If you decided to start fresh, with a brand new registration, for the purpose of using the newly registered shares to launder funds, the SEC, per standard practices and processes, will look into the background of the officers and directors, which is not something criminals and fraudsters like to do.)

San Toy and Apollo Steel check most of the boxes for being useful money laundering candidates. The actual merger in 1958 looks suspicious on its face.

The table below describes the merger and final structure. The main takeaway is Apollo Industries, a new company, is created using the old shares of San Toy, where:

• 48.57% of Apollo Industries is owned by the pre-merger owners of Apollo Steel.
• 28.83% of Apollo Industries is owned by the pre-merger owners of American Nut & Bolt.
• 22.50% of Apollo Industries is owned by the pre-merger owners of San Toy Mining.

The "First Look" - Not Suspicious & Suspicious Parts

To review, one way to launder large sums of money (consideration), is to use a publicly trade shell company. The method, especially before computers and more recent laws and regulations, permitted a higher level of anonymity when moving funds around compared to bank wires or suit cases of cash.

Apollo Steel Looks Like a Real Business

Approximately concurrent with Step 2 above, Apollo Industries merged with NUMEC. NUMEC was created in 1956 by Zalman Shapiro and a few affiliates and was essentially a “non-public” holding company, created with the intent to hold some assets (likely intellectual property) and eventually acquire and hold fixed and tangible assets. Very simply, the decision to get into the HEU smuggling business required a company to market to investors and to have an entity that can hold the tangible assets (shares of subsidiaries and the physical plant, etc.)

NUMEC’s purchase of Apollo Steel looks like it had a legitimate business purpose. Since NUMEC was getting into the Uranium Process business, it needed facilities and equipment. Apollo Steel owned (or leased) the land and buildings in Apollo, Pennsylvania, so it would make sense to buy Apollo Steel and its hard assets, (land or leases, buildings, equipment, administrative infrastructure, industrial zoning permits, etc.) Aside from having capital assets, Apollo’s location was probably ideal. Since it was in the Pittsburgh area, the large blue-collar workforce would have provided a source of labor.

Pittsburgh was also an important hub for nuclear technology. The Bettis Atomic Power Laboratory, where the Nuclear Navy got started, was an hour from Apollo and Shippingport Atomic Power Station, on the Ohio River was also close buy. The Town of Transfer, Pennsylvania as in short driving distance from all of these locations as well. The Pittsburgh area’s atomic status would have provided the necessary technical workers and scientists, and also supplies of Uranium that could be enriched.

Pittsburgh Area

What was the Point of merging the San Toy Mining Company?

Unlike, Apollo Steel, it does not appear that merging San Toy into Apollo Industries had any material business purpose. Nevertheless, it did have publicly traded shares. Whoever owned 100% of the San Toy shares prior to the merger was now a 22.5% owner after the merger.

(Another opportunity to obfuscate the true corporate control and ownership of Apollo Industries via the described merger arises from the transaction. While the San Toy owners owned at least 22.5% of the New Apollo Industries, they could actually own and control more. Very simply, if “John Q. Smith” a made up name for this example, owned 100% of San Toy before and 22.5% after, and “John Q. Smith” owned 100% of American Nut & Bolt before the merger and 28.83% after, then at the end of the day, post merger, we can say John Q. Smith owns 50.8% of Apollo Industries.)

Accumulating Enough Shares to Effect a Merger

One of the challenges of using a public company as a shell company, for either legitimate or illegitimate purposes, is actually accumulating the physical shares. A company that has shares that are held by many people and entities (say a few thousand) has to accumulate enough shares or proxy votes to effect the merger. If there are a few thousand shareholders, notifying these shareholders can be costly and time consuming. If the company has been around a few decades, like in the case of Apollo Steel and San Toy, then the actual owners of the shares will be very difficult to track down. Shares could have been passed down to heirs, or sitting in a safe deposit box that has not been opened in 30 years. A shell company is generally not an operating company, so it is not generating a profit, so it is not paying a dividend. When a stock does not pay a divided for years at a time, most share owners are not notifying the company or transfer agent that they moved, because its not like a nice check from the company is arriving in the mail a few times a year, which would be the case if the company paid a dividend.

Since San Toy was an old company (formed about 1905) and was not paying dividends, but enough shares were accumulated to effect the merger, we can deduce that the San Toy Shares were in a relatively few number of shareholder’s hands.

Another Level of Anonymity

Every US exchange listed shell company is incorporated in a US state. Each state has different laws of Incorporation. Some states are better to incorporate than others. Many companies incorporate in Delaware because, in part, the names of the incorporating owners and officers, do not need to be disclosed publicly. That is, ABC Company, Incorporated in Delaware, lists an “Agent” or “Registered Agent” as the person that is to be contacted, or where documents are mailed to. The agent then passes the documents to the true owners. (As an example, Delaware charges a small annual incorporation tax, the owners pay the tax, via the agent.) In short, any business an entity has with a Delaware Corporation is done through an agent, this would include IRS correspondence, or the receipt of a summons from another jurisdiction, etc. In contrast, a state like New Jersey must list the owners and officers on its incorporation documents, so one would be able to look up XYZ Corp. (Incorporated in NJ) and see that “Bill Taylor” is the sole owner of XYZ Corp.

San Toy was Incorporated in Maine

The fact that San Toy was Incorporated in Maine raises a “yellow” flag for the time being (not “red”, just yellow.) We don’t see many Maine Incorporated companies, so San Toys state of incorporation is a little strange. Apollo Steel and American Nut & Bolt were both incorporated in Pennsylvania. When all three companies were incorporated or formed, back in the early 1900’s, picking a state would be more of a matter of geographical convenience rather than what state was best suited, from a legal point of view, to incorporate in.

Unlike Apollo Steel, San Toy does not list the owners and officers on the 1958 merger documents. San Toy only has an “Agent” listed, whose name was Joseph B. Campbell, as allowed under Maine Incorporation laws at the time. (The “Agent” or Clerk, as listed on the merger documents, is typically a lawyer. They are generally allowed to sign corporate documents on behalf of the owners.) It appears Joseph B. Campbell was a member of the Maine Senate at the time and would eventually go on to become Maine Senate President. 

[Side Note: Mr. Campbell deserves a deeper look.]

[Side Note, even though some states have laws to facilitate anonymity, and some don’t, there is nothing nefarious about a corporations owner’s to remain unknown to the public, including for commercial reasons. Anonymous corporate owners are still required to follows all Federal and State laws and the names of those owners are available through legal processes and agreement.]

[Side Note: Were the Maine Incorporation Laws changed in the early 1950s to provide for more anonymity?]

The San Toy Mining Company was a Big Deal back in the Day

Generally, when you need a public shell company, you have a pretty wide selection of firms. The wide selection arises from the unintended consequence of a business failure on the part of the shell. The public company became a shell because the business failed. (A shell company has a name, tradable shares, incorporation documents, but little or no underlying business or prospects for revenue and profitability.)

The Public Shell “Failure” component falls into two categories, which we’ll call;

• 1.) Never Got off the Ground and 
• 2.) Crashed and burned.

“Never Got off the Ground” companies just never achieved the greatness that their owners envisioned when they took the company public. These make up the bulk of existing Shell Companies. Crashed and burned public companies are rarer. These companies were once profitable, or had meaningful revenue and prospects. The “Never Got off the Ground” variety likely never attracted much attention as a worthwhile investment by professional investors, so the shares are likely spread between hundreds or thousands of small individual investors, with only a few large “chunks” in the hands of insiders.

The Crash and Burn variety was likely accumulated by professional investors, strategic investors (similar healthier companies) and other deep pocketed entities looking to acquire enough shares to effect control, and have the funds to do so.

San Toy looks more like a Public Shell Company that had Crashed and Burned at one point, rather than some company that never got going.

To be continued – The Charles M. Schwab takeover attempt of San Toy Mining

The Apollo Affair, Missing Uranium and Katy Perry (Part 1)

The Apollo Affair, Missing Uranium and Katy Perry (Part 2)

The Apollo Affair, Missing Uranium and Katy Perry (Part 3)

The Apollo Affair, Missing Uranium and Katy Perry (Part 4)

The Apollo Affair, Missing Uranium and Katy Perry (Part 3)

As noted in Part 2, (Part 1, here) publicly traded equities can be used to launder illegally obtained money. The practice is harder now with modern laws and modern technology. However, before computers, new rules, regulations and laws, (pre-70s and 80s) it would have been much easier.

There are a few ways a criminal can launder money with publicly traded shares. (equity, stock, common stock, common equity are all used synchronously in these posts.)

Over the Counter (OTC) or Pink Sheet Stocks as a Money Laundering Tool

An OTC stock is a share than can be traded publicly that is not listed on a stock exchange. These are also known as Pink Sheet securities (prices used to printed on pink paper) and sometime “penny stocks” (pink stocks are often penny stocks, but do not have to be.) When we say “can be traded publicly” we mean the shares have been registered by the SEC under the Securities and Exchange Commission Act of 1933. When we say “not listed on exchange”, we mean you can not call a Stock Exchange to buy or sell a Pink Sheet stock because it does not meet the requirements of the exchange to be traded there.)

Most of the mechanisms or “loopholes” described below have been closed, via new rules, laws, and monitoring capability. Nevertheless, they would have been available to criminals to launder large sums of money in the 1950’s and 1960's.

Physical Bearer Securities

Typically, physical stock certificates have the name of the owner (ie. John Smith, owner of 50 shares of Coca Coal Company.) If John Smith sells the shares to Larry Brown, the new name is recorded by the Transfer Agent. (The Transfer Agent keeps track of where Coke sends its dividends. Since Larry is now the owner, the he will receive the dividends, proxy statements, other notifications, and not John.) Bearer certificates do not have a name attached. “Criminal A” can give “Person B” the Bearer shares and receive cash. Simplified mechanics are shown below.

Shell Companies

The Criminal (syndicate, cabal, conspirators) has to have actual shares to give to the broker or person to receive money. The SEC registered shares of a “Shell Company” are often used. A Shell Company is often an existing company that no longer has any value. The basic actions are described below (ML = Money Laundering.)

Source: OTC "Pink Sheet" Securities and the Threat they Pose as a Money Laundering Vehicle to Broker-Dealers

San Toy Mining, Apollo Steel, American Nut and Bolt Fastener, Checking the Reverse Acquisition Boxes

San Toy Mining and Apollo Steel both “check the boxes” as ideal Shell companies that can both be used to launder money. They were once actively publicly traded companies, that by the 1950’s were operationally dormant and in the San Toy case, “with a former list of shareholders difficult to locate”, if not Apollo Steel as well.

The “list of shareholders difficult to locate” arises from the relative age of Apollo Steel and San Toy (both were formed in the early 1900s) and likely changes in State laws.

At a very basic level, the owners of San Toy Mining could have been in a position to exchange worthless San Toy Mining Shares for real cash or other consideration. The mechanics are actually more complex, and not entirely known, nevertheless, we do not know who the owners of San Toy were, which would have been the intent all along, in order to effect a successful money laundering scheme.

The graph below shows the basic money laundering mechanics using a publicly traded shell company. Step 2 shows the "Pump & Dump" competent, which is how the price of a worthless share can be inflated via stock/brokers, promoters, the rumor mill. Shear momentum will often drive the price of a share higher and the interim players do not necessarily need to be in on the "scam."

The Apollo Affair, Missing Uranium and Katy Perry (Part 1)

The Apollo Affair, Missing Uranium and Katy Perry (Part 2)

The Apollo Affair, Missing Uranium and Katy Perry (Part 3)

The Apollo Affair, Missing Uranium and Katy Perry (Part 4)

The Apollo Affair, Missing Uranium and Katy Perry (Part 2)

In Part 1, we addressed the spurious connections to Katy Perry by way of her early 20th Century Industrialist great uncle Charles M. Schwab. We also introduced Apollo Industries and the companies it was formed from in the late 1950s. In this posting we critique the existing research that has been published regarding the Apollo Affair.

Spies are Going to Spy

The Research and Literature about the Apollo Affair is now relatively extensive. Through de-classifications, FOIA requests and inquiry, numerous documents have been released over the pat 10 years that clarify the story, which can be summarized as:

1. Pro-Israel American nuclear scientists founded NUMEC in 1956; then
2. Merged it with Apollo Industries in 1958; for the purposes of
3. Diverting Highly Enriched Uranium (HEU); for
4. The Israeli Nuclear Weapons program; and
5. When it was discovered by the FBI, and/or Nuclear Industry Regulators/Military Intelligence, the CIA (or elements of the CIA) covered it up.

The conventional wisdom is that the Pro-Israeli Nuclear Scientists were working with Israeli spies (the Mossad) to facilitate the entire transaction and it looks like a lot of research has been devoted to proving that thesis.

In our view the effort to pin the Apollo Affair on the Mossad will hardly result in a "Eureka!" moment due to its obviousness. That Israeli intelligence would work to acquire nuclear weapon capabilities is hardly a surprise and pursuing that angle is counter-productive. Assigning blame to the Israeli's gets awfully close to touching the third rail and ending the discussion or halting furthering more research. 

The more interesting and important question is "who in the United States government or industry sold the HEU to the Israelis?" That is, under the assumption that Israeli spies (the Mossad) were doing what spies do, acquiring the secrets of another country (the USA), who cares about the motivations and key players on the Israeli side?

Treasonous actions on the part of American Citizens is more interesting and relevant. (Full disclosure, I am pro-Zionist and like the idea of Israel being able to defend itself. Also, I am Catholic, have never been to Israel, and think the pursuit of Israeli spies while trying to get to the bottom of the Apollo Affair is mostly a distraction to the extent the "pursuers" (writers, researchers, historians) can be cut off with charges of being Anti-Semitic, Anti-Zionist, etc..)

US Nuclear Secrets for Sale

Apollo, PA

As mentioned, there is plenty of information about how the HEU went out. Most of it seems to have disappeared from the NUMEC plant in Apollo, Pennsylvania (near Pittsburgh) between the time NUMEC merged with Apollo Industries in 1958, and 1965. 

However the HEU left the plant, fake shipping documents, concealed in other shipments, diverted through other foreign ports, discovering how the money flowed in for the HEU from the ultimate Israeli "customers" would answer the more important question of, who the actual sellers were on the American side? 

The "front" sellers on the American side were of course the officers and directors of NUMEC, including Zalman Shapiro, the original founder of NUMEC. It seems highly unlikely that Shapiro and the rest of the corporate officers were entirely in it for the money. That is, as an active and committed Zionist, it seems more likely Shapiro's primary motivation would be to help Israel defend itself (expand its borders, etc.), rather than make tons of money and sell out his home country, the USA, and probably eventually risk a visit to the electric chair.

Zalman Shapiro (1920-2016)
Born: Canton, OH
Johns Hopkins (BA '42/Phd '48)
Died:  Pittsburgh, PA

Even if Shapiro and his corporate cohorts were not motivated by the money, it would not surprise us if some people were. On the American side, their had to be agencies and organizations that were willing to look the other way. 

The fact that the CIA and the Atomic Energy Commission (AEC) and probably some components of the Military helped in the cover-up after the HEU was discovered missing implies their were some beneficiaries in those agencies and/or military branches. Looking at Shapiro slightly differently, if he was acting on his own, on behalf of Israel, and was pocketing millions of dollars for his sole benefit, then we doubt the FBI would have any qualms about arresting a member of "The Tribe" him, and eventually giving him the "Rosenberg" treatment.

How to Launder Millions of Dollars or Otherwise Conceal the Deal

The HEU definitely went out. How much, why, when, and how it left the NUMEC plant to eventually end up in Israel (likely the Dimona plant in the Negev Desert) is generally understood. 

Someone definitely got paid. The how much, why, when and how, concerning the money that the Israeli's used to purchase the HEU, is not generally understood and it hardly looks like those questions have been asked.

Briefly, money does not necessarily mean “cash.” A better word than money is “consideration.” How much and what was the “consideration” that Israel paid to purchase a few hundred pounds of HEU from the NUMEC plant near Pittsburgh, roughly between 1958 and 1965. Consideration could include actual cash, but also, publicly traded equity (common and preferred shares), private equity, private loans, bonds and notes issued by the corporation, bonds issued by the US Government and other third parties (sovereign bonds, other corporations), hard assets (a fleet of ships, gold bars) soft assets (royalties and rights) and virtually anything else that has value. 

Some forms of consideration are easier to transfer as payment for “goods and services” than others. It is physically easier to transfer shares of publicly traded equity as payment than it is to transfer ownership of a fleet of ships, or physically deliver gold, or suitcases of cash. The same holds for publicly traded and registered bonds and some rights (options, futures and warrants.)

Moving publicly traded equity can still be done relatively anonymously. In the 1950s and 1960s, it would have been much easier. Today, computer’s allow regulators and brokerage compliance departments to monitor and flag suspicious transactions between the firm and a counter-party or directly between counter-parties. The lack of rules regarding insider sales, reporting and disclosure requirements for insiders, and a whole host of other laws, regulations and internal policies, made it much easier to move shares anonymously in those days, compared to today, and it is still done today.

In Part 3 of this series, we will take a closer look at the transaction mechanics involved in using public shares to move money (consideration) anonymously and the roll NUMEC’s predecessor companies could play in the process. 

The Apollo Affair, Missing Uranium and Katy Perry (Part 1)

The Apollo Affair, Missing Uranium and Katy Perry (Part 2)

The Apollo Affair, Missing Uranium and Katy Perry (Part 3)

The Apollo Affair, Missing Uranium and Katy Perry (Part 4)

The Apollo Affair, Missing Uranium and Katy Perry (Part 1)

Back in the 1960's, between 300 and 700 lbs of highly enriched uranium (HEU) disappeared from the NUMEC processing plant near Pittsburgh Pennsylvania.

It was eventually discovered that the HEU ended up in the Israeli's nuclear weapons program. (The best 10 minute synopsis and read, written by JFK researcher Jim Eugenio, is linked here. Additional background and source material is linked below.)

Through various cover-ups over the subsequent years, the full story has still only partially emerged. Although researchers have pulled back a significant portion of the veil, research into the 1956 formation of NUMEC and 1958 formation of its operating subsidiary, Apollo Industries, Inc., is minimal at best. 

The origins of Apollo Industries, Inc. we believe, deserves a deeper research dive, which is where Katy Perry comes in.

Part 1 (Part 2)

Katy Perry is not a significant character in The Apollo Affair, so in order to get to the more interesting players, we'll quickly address her spurious connections. She does show up in some conspiracy discussions on Reddit threads, primarily with respect to occult or Illuminati symbolism in her songs and videos. We're not a strong supporter of Illuminati conspiracy theories, or thousand year old "Bloodline" families hell bent on controlling the world with their Alien overlords. Nevertheless, if one broadly defines "The Illuminati" as families with a lot of money and influence, then Katy Perry comes from one of those families. (Like a lot of celebrities, her assertions of coming from humble beginnings is better for marketing than saying you got to where you are because of raw talent, rather than family connections.)

Briefly, Apollo Industries, Inc. was formed in 1958 from the merger of the following three companies:

• American Nut and Bolt Fastener Company
• Apollo Steel Corp.
• The San Toy Mining Company

The San Toy Mining Company was involved in a controversial litigious takeover attempt for about a five year period beginning in 1908. One of the principals involved in the takeover was Charles M. Schwab, who is the great-uncle of Katy Perry.

Charles M. Schwab was an Iron & Steel Industry "Tycoon" at the turn of the last century, known for first being the President of Carnegie Steel, then after the purchase of Carnegie by a JP Morgan buyout group, the CEO of US Steel (formed from Carnegie and other smaller Steel companies.) After a fall out with the Bank of Morgan in 1903, Charles M. Schwab founded the modern "consolidated and reorganized" Bethlehem Steel Corporation.  (The modern Bethlehem Steel was formed around the original Bethlehem Iron & Steel Works, which was originally founded in 1857 by, among others, Johnathan Knecht, the Great-Great Grandfather of Robert Swan Mueller the 3rd.)

Both companies, through World War II, if not longer, were the two largest Steel companies in the world at various times and essentially were the United States Steel Industry.

Charles M. Schwab is estimated to have been worth as much as $500 million to $800 million at one point prior to the stock market crash of 1929, in 2019 inflation adjusted dollars. He actually died relatively "broke" in 1939. He was known as a profligate spender and the depression after the crash wiped out most of the value of his holdings in Bethlehem Steel.

Although Schwab's "Iluminatti" status might have subsided with the loss of his wealth, his associations with Carnegie and Morgan interests made him a man of significant influence. Schwab, via Bethlehem, as one of the largest ship builders in the world, before and after the entrance of the USA into WWI, he likely contributed to the efforts by a core group of American industrialists to get the USA into The Great War, for the primary purpose of making a lot of money quickly.

Schwab Interest in The San Toy Mining Company

Charles M. Schwab was a prolific investor/consolidator/corporate raider in his time. It was characteristic of pre-Sherman Anti-Trust Act Robber Barons to control all facets, or "verticals" of an industry by buying out competitors and complimentary companies. Standard Oil created the model early on after its founding. In short, in order to maximize profits, it bought competing refiners. It could then tighten its grip on the petroleum industry by buying out oil exploration and drilling companies, the railroads and barge companies that moved the oil, pipelines, and then the downstream refinery businesses, such as chemical manufacturers, grease/lubricant producers, and petroleum retailers.

The Steel Industry worked the same way. Schwab not only owned the steel mills, he owned the shipyards where ships were built with Bethlehem Steel and the mines that supplied the steel mills. One of the companies that he tried to acquire was San Toy Mining Company.

We will devote another post to San Toy Mining's operations, and dive deeper into its ownership history, but for now, we will limit further details to Charles M. Schwab's involvement.

In November of 1908, Charles Schwab and his cohorts made headlines in the business pages with the filing of a lawsuit by the owners of San Toy, charging Schwab with colluding to gain control of the company. The suit was filed in the New York Supreme Court by two brothers, Alfred B. and Sidney A. Witherbee. 

The basic premise of Witherbee brother's lawsuit is that Charles Schwab colluded and conspired with the minority shareholders of San Toy to gain a controlling interest in San Toy, to the detriment of the Witherbee brothers.

The lawsuit, the attention it gained, and the lists of co-defendants, counsels, and related parties  perhaps provide valuable meta-data into the history of San Toy Mining, and how it essentially became a Mossad linked front-company used to smuggle Highly Enriched Uranium from Pittsburgh to Israel sometime between about 1958 and 1965.

Parties and Counter-Parties

As noted, the Witherbee Brothers are the plaintiffs, having filed the lawsuit in NY Supreme Court. The brothers were represented by attorney Paul E. DePere who was formerly the partner of Paul D. Cravath and Charles Steele, "who more recently been known as one of the principal counsel to the banking house of J.P. Morgan & Co." 

[As noted above, Schwab had a falling out with the House of Morgan while he was the CEO of the Morgan controlled US Steel Corp. It is not apparent if the fall-out (1903) and the lawsuit (1908) are somehow related.] 

The co-defendants listed in the newspapers at the time included:

• James P. Hutchinson (Chicago)
• Joan Sloan (a Pittsburgh Promoter)
• Willard A. Mitchell (Schwab's lawyer.)
• Morris Carnegie (Nephew of Andrew Carnegie)
• Thomas H. Bowles (Agent - Wisconsin Mutual Life)
• Mathew RD Owings (Secretary - Milwaukee Harvester Company)
• Walter B. Wright, John C. Wright, Frank W. Lewis, Artemus N. Hadley, W.G. Paxton. All of Indianapolis.
• Richard R. Brown and James E. Brown (Morris, Brown & Co.)
• Waldo K. Chase (Hartford)
• Lawrence Dilworth
• William K. Rellis
• Donald B. Gillies
• Dr. Marshall R. Ward (brother-in-law of Schwab.)

The Apollo Affair, Missing Uranium and Katy Perry (Part 1)

The Apollo Affair, Missing Uranium and Katy Perry (Part 2)

The Apollo Affair, Missing Uranium and Katy Perry (Part 3)

The Apollo Affair, Missing Uranium and Katy Perry (Part 4)