Cocaine One, Part 2.

Yesterday I brought the story of how an American-registered DC9 painted with a seal closely resembling a U.S Government seal destined for the U.S was caught carrying an astonishing 5.5 tons of pure cocaine in Mexico by the Mexican military on April 10th. This story is part of an ongoing extensive investigation being done by MadCowProd

Please visit Part 1 to get the goods on the DC9s Owner, Brent Kovar, and how both Jeb Bush and Tom Delay and Homeland Security figure into the story.

This entry is to shed more light on one of the chief shareholders of Brent Kovar's company Skyway Aircraft, and individuals involved. The shareholder is a private investment bank in Texas which 'also raised funds for a Mexican industrialist with reported ties to a Cali and Juarez Cartel narcotics trafficker', MCP reports.

Private investment bank Argyll Equities LLC in Boerne, Texas, is part of The Argyll Group, headquartered in La Jolla, CA., incorporated in Texas, Nevada, and Delaware, whose undisclosed principals are involved, according to their website, in "providing creative financial solutions globally."  

An example of the firm's creative financial solutions according to MCP, Argyll Equities LLC was paid to raise a $17 million loan for Mexican industrialist Jose Serrano Segovia's shipping line, GRUPO TMM.

The trafficker involved w/ the DC9, Manuel Vicente Losada, was arrested in Chile after being linked to another five ton cocaine shipment.

The Santiago Times out of Chile reported on May 5, 1998 that Segovia "provided significant capital" to a "Chilean narcotics trafficker" named Manuel Vicente Losada, arrested in the Chilean capital of Santiago after being "linked to a shipment of five tons of cocaine which U.S. drug enforcement officials in Miami intercepted over six years ago on the vessel Harbour, as it headed toward Guantanamo Bay.

In 1997 Mexican Newspaper El Universal De Mexico reported "Drug trafficker Losada is a partner in some 30 shipping companies."  Jose Serrano Segovia owns shipping lines too, and until recently controlled what used to be Mexico's flagship airline, Mexicana.

MCP reports that "Juan Serrano Segovia is one of a handful of Mexican  "big corporate guns" lucky enough to have been feted at a private dinner several years ago hosted by Gov. Jeb Bush, leading a Florida trade mission to Mexico."

"The evening turned into a kind of let's-get-to-know-each-other-socially affair." Joseph Lacher, BellSouth's Florida president, confided to The Miami Herald.

Through A Federal Indictment we learn that Argyll Equities was the recipient of $9.7 million dollars it didn't earn, in a "purported stock loan program operated by Argyll Equities, L.L.C," which resulted in  criminal charges earlier this year against three men.

"The complaint alleges the men made false statements to a hedge fund operator so they could keep $25 million from the fund that was invested this year with Nevada-based American Trade Industries, Inc., according to US Attorney Patrick Fitzgerald and the US Secret Service in Chicago," the AP reported. Yes, THAT Fitzgerald.

MCP informs us that: The men were accused of conspiring to perpetrate a $26 million dollar fraud on  the administrator of a private hedge fund in Lake Forest, IL, who turns out to be mother of "Wedding Crashers" actor Vince Vaughn.

According to the indictment, one of the accused men, Richard E. Warren, apprehended as he attempted to board a plane for London, told Sharon Vaughn that he "had a special government clearance," was "licensed by USG to participate in secret trading programs.

Also indicted was Frank L. Cowles Jr., who owns an Arabian horse farm near Washington D.C.,  where he is referred to in news accounts as a "Virginia businessman," and who is married to the Ambassador to the U.S. of the tiny country of Paraguay, Leila Teresa Rachid de Cowles.

This is just one of the stories of Fraud that comes out of the "Cocaine One" scandal. At least six of the companies associated with "Cocaine One" and its twin airliner have been involved in massive fraud resulting in hundreds of millions of dollars being swindled from innocent investors and shareholders.