Russell Herman: Covert Federal Banker , Part 1

The story of Colonel Russell Herman (aka Herrmann) is almost as interesting as that of Leo Wanta. Both held covert funds on behalf of the U.S. government. Both seem to have concluded that the funds they held should be used for the benefit of the people of the United States rather than for dubious black operations. Wanta remains alive, but Herman may have died as a result of his efforts to hang on to funds.

Born in Lansing Illinois on July 2, 1927, Russell Herman served in the military for 53 years, beginning with a stint in the Coast Guard when he wa far under age. Mostly he worked mostly for the Office of Naval Intelligence. He attempted to retire in 1990-1991 and was refused. . Like Al Carone, he became a banker for the CIA using military cover. Don Hughes was another of these government bag men. According to Herman’s widow, V.K. Durham, he once had a meeting with Vincent Foster in Marion, Illinois, and he was tasked with overseeing 175 secret accounts. He once couriered $30 million to Mexico for Ed Meese to acquire TIAS 12087 "Multilateral Inter-American Investment Corporation securities. Twelve years later, a TIAS 12087 GROUP bought space at One Worlds Trade Center. Durham Limited had five shares in the venture. Mrs. Herman said she gave the account numbers to Senator Charles Grassley and Representative Dan Burton.

Herman held some US government funds and securities through Cosmos Investment Corporation and Cosmos Seafood Energy Marketing in Nevada..V.K. Durham, claimed that , without her permission, Secretary of State James Baker used her Hereditary Owner Bonus 3392-181 as collateral for some Brady Bonds. Her owner bonus 3392-181 was based on gold certificates issued by the treasury under the Transcontinental Agreement of 1875, to some Latin American countries The Treasury thought it had redeemed all the certificates and considered them cancelled. . The U.S. government used this instrument and other non-performing foreign instruments to issue ten-year Brady Bonds, which in turn were used as collateral to acquire currencies, including dollars. The Brady Bonds were to come due September 12, 2001 and be redeemed through the auspices of the trustee, Cantor Fitzgerald. It is difficult to determine whether the government or the Hermans were owners of land and water rights in their name in California.

Herman had been involved with the CIA in the 1980s and had objected to the murder of women and children. He was tossed into a Latin American jail, but with the help of Chiapas Indians made his way back to the United States. Herman’s widow claimed that he had spent two years looking into the involvement of the G.H. Bush administration and Bill Clinton in the laundering of drug money. The Clinton involvement was about whether Governor Clinton permitted the CIA to fly drugs into Mena, Arkansas.