1.9 KiB
Meridian International Logistics was a holding company associated with Robert Booth Nichols, who was a principal in the organization. It was under investigation by the Federal Bureau of Investigation as a suspected "source of funding for the purchasing of narcotics/controlled substances and the allocation and use of the proceeds from its trafficking."[1]
Reportedly, Meridian International Logistics functioned as a National Security Council cutout, used for the purpose of "funneling money to pay the board of directors." A friend of Nichols, who was once on the board, explained that the National Security Council operates as a "profit-making entity" with unlimited funding and no accountability due to national security considerations. This individual further stated that all covert business conducted at that time related to "money and/or drugs," with drugs serving as international currency, often referred to as "gold," due to the high market demand and profitability.[1]
Eugene Giaquinto, then president of Music Corporation of America home entertainment division, was a board member of Meridian International Logistics. Both Giaquinto and Nichols reportedly maintained a close working relationship with the United States Department of Justice, according to wiretaps.[1]
Michael Riconosciuto was also associated with Meridian International Logistics, serving as Vice President of Meridian Arms, a subsidiary of Meridian International Logistics. He claimed that Robert Booth Nichols was under Harold Okimoto from the Hawaiian Islands, who was represented as an intelligence person and had worked under Frank Carlucci for years.[1]
Footnotes
[1] Seymour, Cheri. The Last Circle: Danny Casolaro’s Investigation into the Octopus and the PROMIS Software Scandal. First Edition. TrineDay, 2010.