My dear friends with frauds in the tens of billion dollars and Rands, we have all become jaded when it comes to fraud. Before all of these "big time hit," Phil M. Wilson was the king of con men. He started life in East Saint Louis, Illinois. His only real job was selling life insurance to black people. Then Phil Found his way to riches. He located a silver deposit on the California/Nevada border. In 1970 it honestly held $250 million US worth of silver. There was a "catch" to the whole thing. It would have cost $1 billion US to haul the silver out of the ground. Phil bought the land out in the Mojave Desert for $5.00 US per acre. He placed a fence around the property. He got a company named USF&G to certify that he owned an asset worth $250 million US. With this appraisal in hand, Phil went to the Channel Islands off the coast of the UK. He picked the Isle of Sark for the center of his operations. He rented space in the second floor of a commercial building right above a shop. He set up The Bank of Sark. With his $250 million appraisal in had, he got the bank listed in The Banker's Redbook" as a bank with $250 million in assets.
Phil would sell you a $100,000 bank-guaranteed check, letter of credit, loan guarantee for $10,000 US. For several years this fraud went undetected. Phil made a fortune and he made a lot of other people rich. Unfortunately the American Mafia got involved and "went overboard" pushing all of the false paper. When the "bubble burst," the authorities found to their horror that several billion dollars was missing out of the financial system worldwide.
As the investigation got underway, authorities realized that they could never figure out what happened. They made Phil Wilson "an offer that he could not refuse." They offered Phil nine months in jail if he would cooperate and tell all. This nine months would not be served in prison. Rather it would be served in the married officer's quarters at Fort Hollabird, Maryland. Phil spent his nine months living the life of a US Army officer and sleeping with his wife Carol every night.(Caro was an ex-convict herself. She was caught helping people avoid conscription into the army during the Vietnam War and did some 18 months in prison.)
Phil went on to pull off many other cons including taking $2 million from a bank in Midland,Texas owned by former President George Herbert Walker Bush. One could say that he "robbed the Bush family Bank." Phil died at age 65 due to complications with diabetes.
Here are some comments on Phil from a man who knew him well:
Jack,
For the limited exposure that I had to Phil, he treated me with the utmost of respect. I was a young kid about 30, who looked like he was in his twenties and was eager but wet behind the ears. He would take me out to dinner with his girl friend or one of his people who he wanted me to meet for business reasons. Later I heard him say that I was the best "paper hanger" he had ever met, which I suppose was a big compliment, maybe not totally true, but a compliment none the less from a guy like Phil. I was always honest and with in the guidelines. He would say, "you can do that?!" You can get so and so bought?!" I would usually say sure, but they need to do this, this and that. It was totally legal too Jack. I was and am still a stickler for detail, or at least I try to be. There just isn't much real financing being done anymore like there used to be.
The are in my opinion starving the nation to wholesale it to China. The Choinese are already in control behind the scenes.
Phil would come into the office like the 5' 2" red haired, freckled 300 pound Jewish Elvis impersonator, live on stage. He was round as hew was tall seemingly. And he treated all of the girls and the owner of the company there like whores as if he was in Vegas and he just wanted to know what their price was for an afternoon with him, giggle giggle, "Well now! And how much then sweeite?" To Billy D, "What do ya think about this one, chuckle, she reminds me of that one in that club with the green thing on, when she did the whoel deal. Yeah! You all should go out with us, or come back to our office. I've got a condo in ..." I am sure that you saw it many times. He wore his cowboy boots and had one of his boys with him, probably Billy D. that day. He eyed the women hungry and salivating as if they were juicy steaks for his taking. I liked Phil. I thought he was going to pull out a roll of bills and start handing them to the girls. When there for what I thought would be a business meeting, Phil actually propositioned most all of the girls there, as he asked where the action was in town and went laughing and running from one room to the other inside of the mortgage company I worked in eyeing each one of them, making jokes and nodding to Billy as he did so. A remarkable character, and for all fo those women that he took care of in one way or another, he still consistently had his hyper senstive Jewish girlfriend, that nagging older girl that he kept in that house, I guess until she died too.
I don't think there was ever a person that he sent over that I was not able to take care of in some way. He was a really nice guy to me on a personal level and I have heard some other stories about him. A girl who I have a lot of respect for who was pretty much family politics connected in Philly knew Phil pretty well from back in the day. One of her family members had a big problem with one of their relatives being held in a prison in the middle east in some God forsaken place that you would probably know by name, but I do not. I would have to ask her again. Maybe it was Beirut. I think it was. Anyway, the US State Department was greased, and high end people like US Senators were met with to no avail. The guy was going to stay locked up seemingly forever even after weeks and months of going back and forth with the state department. The family was losing hope that their pull was not enough to get the guy out, and so someone suggested Phil WIlson. They called him and he joked around made a phone call and the guy was out the next day. No shit. So Phil had some connections. And this other girl had no reason to bullshit to me about it. If not for Phil the guy would probably either be dead or still rotting in prison.
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