dChan - Q Origins Project Archive

"He moved to Argentina in 1923 and established himself as a tobacco trader and later a shipping owner during the Second World War. Moving to Monaco, Onassis fought Prince Rainier III for economic control of the country through his ownership of SBM and its Monte Carlo Casino. In the mid-1950s, he sought to secure an oil shipping arrangement with Saudi Arabia and engaged in whaling expeditions. In the 1960s, Onassis attempted to establish a large investment contract—Project Omega—with the Greek military junta and sold Olympic Airways, which he had founded in 1957."

"Onassis arrived in the Mediterranean principality of Monaco in 1953 and began to purchase the shares of Monaco's Société des bains de mer de Monaco (SBM) via the use of front companies in the tax haven of Panama, and took control of the organisation in the summer of that year. Onassis moved his headquarters into the Old Sporting Club on Monaco's Avenue d'Ostende shortly after taking control of the SBM. The SBM was a significant owner of property in Monaco: its assets included the Monte Carlo Casino, the Monaco Yacht Club, the Hôtel de Paris and a third of the country's acreage"

"During the oil boom of the 1950s Onassis was in final discussions with the King of Saudi Arabia for securing a tanker transport deal.[24] Since the Arabian-American Oil Co. (currently, Saudi Arabian Oil Company, but still known as Aramco) had a monopoly on Saudi oil by a concession agreement, the US government was alarmed by the tanker deal. By 1954, a specific U.S. policy for Saudi Arabia, in addition to strengthening the US "special position," was to take "all appropriate measures to bring about the cancellation" of an agreement between the Saudi government and Onassis to transport Saudi oil on his tankers and "in any case, to make the agreement ineffective". [Doc. 128] The arrangement would have ended monopoly control of Saudi Arabia's oil by American oil companies, but was forestalled by the US government.[25]

For this reason he became a target of the US government and in 1954, the FBI investigated Onassis for fraud against the U.S. government. He was charged with violating the citizenship provision of the shipping laws which require that all ships displaying the U.S. flag be owned by U.S. citizens. Onassis entered a guilty plea and paid $7 million."

Onassis's private Greek island, Skorpios…

>>23436361

During the oil boom of the 1950s Onassis was in final discussions with the King of Saudi Arabia for securing a tanker transport deal.[24] Since the Arabian-American Oil Co. (currently, Saudi Arabian Oil Company, but still known as Aramco) had a monopoly on Saudi oil by a concession agreement, the US government was alarmed by the tanker deal. By 1954, a specific U.S. policy for Saudi Arabia, in addition to strengthening the US "special position," was to take "all appropriate measures to bring about the cancellation" of an agreement between the Saudi government and Onassis to transport Saudi oil on his tankers and "in any case, to make the agreement ineffective". [Doc. 128] The arrangement would have ended monopoly control of Saudi Arabia's oil by American oil companies, but was forestalled by the US government.[25]

For this reason he became a target of the US government and in 1954, the FBI investigated Onassis for fraud against the U.S. government. He was charged with violating the citizenship provision of the shipping laws which require that all ships displaying the U.S. flag be owned by U.S. citizens. Onassis entered a guilty plea and paid $7 million.

Between 1950 and 1956, Onassis had success whaling off the west coast of South America. His first expedition made a net profit of US$4.5 million. International agreements limited the number, size and dates between which whales could be taken. The Onassis factory ship and its attendant catcher ships paid little attention to these restrictions.[28] The Norwegian Whaling Gazette made accusations based on sailors' testimonials, such as one given by Bruno Schalaghecke, who worked on the factory ship Olympic Challenger: "Pieces of fresh meat from the 124 whales we killed yesterday still remains on the deck. Among them all, just one could be considered adult. All animals that pass within the range of the harpoon are killed in cold blood."

In 1954 the government of Peru claimed the Onassis fleet were whaling within 320 kilometres (200 mi) of the coast of Peru without permission and sent naval vessels to intercept them. Peruvian air force planes were also sent and dropped bombs that exploded near the factory ship. Most vessels in the fleet were captured by the Peruvian vessels and taken to Payta where they were interned.

Onassis was involved in the privatization of the Greek national airline and founded the privatized Olympic Airways (today Olympic Air) in 1957. Stocks accounted for one-third of his capital, held in oil companies in the United States, the Middle East, and Venezuela. He also owned additional shares that secured his control of 95 multinational businesses in five continents. He owned gold-processing plants in Argentina and Uruguay and a large share in an airline in Latin America and $4 million worth of investments in Brazil. Also, he owned companies like Olympic Maritime and Olympic Tourist; a chemical company in Persia; apartments in Paris, London, Monte Carlo, Athens, and Acapulco; a castle in South France; the Olympic Tower (a 52-storey high-rise in Manhattan); another building in Sutton Place; Olympic Airways and Air Navigation; the island of Skorpios; the 325 ft (99.06 m) luxury yacht Christina O and, finally, deposit accounts and accounts in treasuries in 217 banks in the whole world.

https://en.wikipedia.org/wiki/Aristotle_Onassis