Word: hakim
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Dates: during 1980-1989
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...long-awaited 23-count indictment, which also named retired Air Force Maj. Gen. Richard V. Secord and his business partner. Albert Hakim, said the four men "deceitfully and without legal authorization" organized, directed and concealed "a program to continue funding of and logistical and other support for military and paramilitary operations in Nicaragua by the Contras" at a time U.S. law barred such action...
...report's most notable conclusions, the bipartisan majority declares flatly that the profits generated by the sale of U.S. arms to Iran were the rightful property of the Federal Government, not of the so-called enterprise operated by retired Major General Richard Secord and his Iranian- born partner, Albert Hakim. Diverting those profits to the Nicaraguan contras "constituted a misappropriation of government funds," the report claims. If Walsh and a federal grand jury concur, Secord and Hakim may face indictments. So, too, may former National Security Adviser John Poindexter, who approved the diversion, and former-NSC Staffer Oliver North...
Secord and Hakim benefited more from the arms sales than the contras did, according to the report. Of the $16 million in Iran arms profits, the contras received just $3.8 million. Secord, who testified that he sold weapons to the contras with a profit markup of 20%, actually took profits that averaged 38% and sometimes reached 56%. When Contra Leader Adolfo Calero discovered he could buy weapons far more cheaply through a European arms dealer, North made sure that none of the Iran arms proceeds went directly to Calero. Instead they went to Secord, who continued to sell to Calero...
...monitor the activity closely to see that it was kept within the boundaries of the law. NSC staff members were "out of control," the report says, with Oliver North and Poindexter "privatizing" foreign policy and allowing retired Air Force Major General Richard Secord and his business partner, Albert Hakim, to handle American negotiations with Iran and control huge sums of money from the transactions...
Calero will face charges in Miami Federal Court next spring when he and 28 other alleged co-conspirators will go on trial for racketeering, drug-running, and terrorism. Contragate's "Secret Team" of Secord, Singlaub, Shackley, Rodriguez, Hakim, Owen and Clines et al. are joined with Calero as defendants charged under RICO, the Racketeering Influenced Corrupt Organizations...