THE KEEPERS OF THE SECRETS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP91-00901R000500150043-3
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 2
• Document Creation Date: December 19, 2016
• Document Release Date: December 20, 2005
• Sequence Number: 43
• Publication Date: April 22, 1981
• Content Type: NSPR

STAT
Approved For Release 2006/01/12 : CIA-RDP91-009
it' a.cL:-. A+''1 ?.I:..h.~'~_L-..~
TFIE AWASH MGTOP{ POST
'22 April 1981
"We wanted to make people in
United States. understand more cle
problem, he said, was the "sensat
alism ; of the [Sen. Ftank] C:'
committee" along with the mour
of journalism, memoirs, exposes
analyses of American intelligence
ures, "a great deal of which," he
"was full of hostility and written
a view to sensation."
So for the last three years, th
ter has been handing out
. Titei1igehce Veteran
f 2Cl/ the Good I S'1l es
B
A
yzlenry
i Len
.
,Once, they were- Princeton' Lads
heating 'down to midnight Yugoslavia
in. paxachutes..They-were card sharks
,t.::ed cr_rptannslysis. They were up-
per-class' types .. looking for a bit of
sport cut of the war, which was World'
War If, now nearly as far away from;
of as the Spanish-American War was;
from them when, the; 055, precursor
cf the CIA and the whole intelligence.:
"It was the greatest collection of
p,eople, I suppose,-in the history of the- I
world," .aid O.J. Sands, why drove up;
from Richmond to attend this oath-I
ering last night at the, National Intel-'
ligence Study Center. ,"People tied to.
say that OSS stood for Oh, So Social,
because of the Morgans and Vander-
bilts and so on we had.." -
Before the OSS, or Office of Stra-
ic Services, we didn't really have an
intelligence servicek And since then, in,
the mid. '70s, we've-asked ourselves,
~_l
;whether we needed or wanted one. ;,,
T'ais is why the, National Intelligence r.
Study Center bad its awards. ceremony
last night surrounded by the paneled:
walls and equestrian prints of, the In
ternational Club. It is why, in fact, ?it
was founded four. years : ago, said:
founder Ray S. Cline,' former deputy:
director for intelligence at the CIA.
Approved For Re
journalists and scholars they felt
better ideas: Last night, the winners,
were: Cord - Meyer, , former deputy:
head of overseas operations at they
CIA and author of "Facing Reality:;
From World Federalism to the CLX";
Richard K Betts, of the Biookingsi
Institution, for three scholarly pieces;
and The Wall Street Journal, for ar-:
Aides and editorials on "the need. for`-
secrecyi the danger of leaks, and the:'
necessity to upgrade not only intel-
ligence operations but also the inter-;
-pretive function." -
Oddly enough, it may ? well havel
been the collapse in the 'intelligence':
community's prestige that made this'
work possible. "It's only in recent
years that it's been possible to write.
'stuff' that's at all informed," said'
'Betts. "What opened it up was the'
Seriate' hearings on intelligence, the
-Church committee." _
The center itself might not have
,. existed had it not been for the com--
.mittee. "There wouldn't have been the
.need for it 10 years ago," said retired
ations. You-nave. a calling, 'so-. ybuj
have an - association. When we.
those problems in Con, ,,mg, 'these'
people began. to organize and elope
ranks."
YiN 1,
They also Iike?ta trade old " s
ries, said CTne," and see the old fates
egain. One man -approached prize-
. winner Betts to tell him "I was paro-
chuting over;..Germany before you;
"
were born.
They wore little metal decorations
-Al so onn, ULO beling
one of the few gathering in -~,Y, A:
ington where they'd be reccgniz
suits they looked like they
missed careers in, say, investment I
banking. But then, of course, they
Nowadays, having survived every-,
thing from the Bay of Pigs to congress
sional investigation, to bitter memoirs,
to its, own glamor, intelligence has
become a comfortable old-Washington
Sic trait, well, practically
 STAT
Approved For Release 2006/01/12: CIA-RDP91-00901R0
ROCKY MOUNTAIN NEWS (CO)
9 April 1981
By MAGGIE ERICKSON
.....News Staff
The possible involvement of the Central
Intelligence Agency with a cast of charac-
ters in a bank; fraud case came to light
Wednesday during the third day of a hear-
ing in Denver U.S. District Court.
William Spector, who described himself
as a "former Army intelligence officer"
now working.-as a writer, alleged that at
least one of the"co-defendants in a case
tried in Denver federal court last July had
ties with-the CIA. -
Spector had come forward on his own to
testify at a sentencing hearing for James
Feeney, convicted last July. for his role in a
scheme to defraud local banks with docu-
ments drawn on Caribbean banks.
Feeney has' maintained he operated as
an undercover agent to help the govern-
ment's investigation of fugitive- financier
Robert Vesco.
Feeney's co-defendant, Kevin Krown,
was likewise convicted of bank fraud and,
:.like.. Feeney, has not beensentenced.
Krown was found guilty ofsetting up a
bogus bank on largely regulation-free St.
Vincent Island, West Indies.
Spector's testimony concerned Krown's
alleged involvement with the CIA.
Spector didn't identify himself as a CIA
employee but did allude to having an occu-
pation besides that of a writer. The nature
of that job is confidential, he claimed.
Spector was: asked if. he knew that
Krown's bank was used to launder money
for covert CIA operations. He said, "Yes."
He also answered "yes" to having knowl-
edge of Krown's involvement in covert CIA
operations. And he said he knew that
Krown's St. Vincent banks were used to
pay legal fees for Richard Helms, former
CIA director, and that Krown was involved
in certain NATO maneuvers known as
eration Wintex."
To other questions, Spector evoked th
Fifth Amendment or declined to answer or
grounds that the questions violated th(
Classified Documents Act.
Just what part the CIA played in the
multifaceted scheme is not clear.What is
clear. is that former Washington lobbyit
James C. Day attempted to set up, a lobby-
ing office on. behalf of the Libyan govern-l
ment to help the Libyans get the U.S. gov-
ernment to release eight military aircraft
purchased in the United States then embar-
goed because of Libyan ties with terrorists.
Day enlisted the help of Feeney and
Krown, money brokers, and also tried to
involve Carter administration officials.
Vesco, who now lives in Nassau, Baha-
mas, supposedly was to front some of the
money for setting up the lobbying office.
Approved For Release 2006/01/12 : CIA-RDP91-00901 R000500150043-3