11 The Real Game of Missing Money On Wall Street, I also learned about what is now sometimes referred to as “the deep state.” At the time, Dillon Read was run by our chairman Nicholas F. Brady and president John Birkelund. Here’s more from Dillon Read & Co., Inc. & the Aristocracy of Stock Profits: One of my favorite Dillon Read officers was the son of a former Dillon chairman and, thus, remarkably wise about the ways of the firm. I sought him out after a Birkelund temper tantrum and said that Birkelund was not at all like a “Brady Man” and that I was surprised at Nick’s choice. My colleague looked at me with surprise and said something to the effect of “Brady did not choose Birkelund. Birkelund is a ‘Rothschild Man.’” I then said something about Dillon being owned by the Dillon partners, so what did the Rothschilds have to do with us? My colleague rolled his eyes and walked away as if I was an interloper out of my league among the moneyed classes—clueless as to who and what was really in charge at Dillon Read and in the world. I also saw the importance to the partners of Dillon’s relationship with RJR Nabisco and the fight for control of RJR that resulted in the book and movie, Barbarians at the Gate. Many years later in 2002, when the European Union filed a lawsuit against RJR Nabisco for money laundering with numerous factions of transnational organized crime syndicates, the success of the KKR syndicate (another private equity firm) in paying off the leveraged buyout debt made much more sense than it did at the time. I describe these events in the chapter on RJR in Dillon Read & Co., Inc. & the Aristocracy of Stock Profits. From the European Union filing: “The RJR DEFENDANTS have, at the highest corporate level, determined that it will be a part of their operating business plan to sell cigarettes to and through criminal organizations and to accept criminal proceeds in payment for cigarettes by secret and surreptitious means, which under United States law constitutes money laundering. The officers and directors of the RJR DEFEN- DANTS facilitated this overarching money-laundering scheme by restructuring the corporate structure of the RJR DEFENDANTS, for example, by establish- ing subsidiaries in locations known for bank secrecy such as Switzerland to direct and implement their money-laundering schemes and to avoid detection by U.S. and European law enforcement. This overarching scheme to establish a corporate structure and business plan to sell cigarettes to criminals and to launder criminal proceeds was implemented through many subsidiary schemes across THE EUROPEAN COMMUNITY. Examples of these subsidiary schemes are described in this Complaint and include: (a.) Laundering crimi- nal proceeds received from the Alfred Bossert money-laundering organization; (b.) Money laundering for Italian organized crime; (c.) Money laundering for Russian organized crime through The Bank of New York; (d.) The Walt mon- ey-laundering conspiracy; (e.) Money laundering through cut outs in Ireland and Belgium; (f.) Laundering of the proceeds of narcotics sales throughout THE EUROPEAN COMMUNITY by way of cigarette sales to criminals in Spain; (g.) Laundering criminal proceeds in the United Kingdom; (h.) Laundering criminal proceeds through cigarette sales via Cyprus; and (i.) Illegal cigarette sales into Iraq.” ~ “RJR Nabisco,” Dillon Read & Co., Inc. & the Aristocracy of Stock Profits (https://dillonreadandco.com/rjr-nabisco/)