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La Jolla and the Missing $9 Billion

Famed reporters Donald Barlett and James Steele report in the October 2007 issue of Vanity Fair how in the first fourteen months of the Iraq war, $12 billion in U.S. currency was shipped from the U.S. to the Coalition Provisional Authority. Much of the cash belonged to the Iraqi people; it had been frozen in U.S. banks in the Gulf War, or was oil money controlled by the United Nations. Problem: $9 billion of that $12 billion in cash appears to be missing. A company named NorthStar Consultants, located at 5468 Soledad in La Jolla, got a $1.4 million contract to provide accounting and audit services on that loot. The company's head, Thomas Howell, said almost nothing to the reporters. It turned out that NorthStar has an address in Nassau, the Bahamas, the tax/secrecy haven. It is the very same box number that was used for the Evergreen Security Ponzi scheme a few years back, but the article does not suggest NorthStar was necessarily connected in any way with the perpetrators.

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Famed reporters Donald Barlett and James Steele report in the October 2007 issue of Vanity Fair how in the first fourteen months of the Iraq war, $12 billion in U.S. currency was shipped from the U.S. to the Coalition Provisional Authority. Much of the cash belonged to the Iraqi people; it had been frozen in U.S. banks in the Gulf War, or was oil money controlled by the United Nations. Problem: $9 billion of that $12 billion in cash appears to be missing. A company named NorthStar Consultants, located at 5468 Soledad in La Jolla, got a $1.4 million contract to provide accounting and audit services on that loot. The company's head, Thomas Howell, said almost nothing to the reporters. It turned out that NorthStar has an address in Nassau, the Bahamas, the tax/secrecy haven. It is the very same box number that was used for the Evergreen Security Ponzi scheme a few years back, but the article does not suggest NorthStar was necessarily connected in any way with the perpetrators.

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