Paul Helliwell

Paul Lional Edward Helliwell (1915 - 24 December 1976) was an American lawyer, banker, OSS official, and CIA officer.[1] While serving in this capacity he became director of Sea Supply, Inc. and president of Castle Bank & Trust.[1] Helliwell was instrumental in setting up Civil Air Transport[2] and Castle Bank & Trust,[1] both of which were CIA proprietary companies. According to the Wall Street Journal, he was "deeply involved" in financing covert actions against Cuba from 1964 to 1975.[3][4] Helliwell was reported to have played a key role in the purchase of the site for Disney World.[5]

Career

Helliwell joined the United States Army during World War II. Later he transferred to the Office of Strategic Services (OSS). In 1943, with the rank of Colonel, he became head of the Secret Intelligence Branch of the OSS in Europe. Future CIA director William Casey eventually replaced him in 1945.

From Europe, Helliwell moved on to head the Secret Intelligence branch in the OSS China command.[6] While in China, Helliwell commanded, among others, future CIA officer E. Howard Hunt [7]

According to the Seagraves, Edward Lansdale found a large cache in caves and tunnels in The Philippines after World War II ended.[8][9][lower-alpha 1] Ray Cline believes that both Paul Helliwell and Robert Anderson created 176 "black gold" banking accounts in 42 countries after moving loot from The Philippines by ship to support future United States operations.[8][9][11][12][13]

In 1947, Helliwell joined the CIA.[1]

In 1951, he formed a CIA front the Sea Supply Corporation which ran arms to Thailand police and Nationalist Chinese forces in Burma for ten years.[4]

He formed Castle Bank & Trust in the Bahamas on January 1962 to provide a financial channel to support CIA operations against Cuba and Latin America including the Bay of Pigs Invasion in 1962 for which he was one of the pay masters.[1][4]

Helliwell continued to work as a lawyer in Miami and served as legal counsel to a Panamanian holding company that controlled a Bahamian gambling casino connected with Meyer Lansky.

Beginning in 1965 by the IRS, "Operation Tradewinds" was an investigation into offshore tax havens primarily involving Castle Bank & Trust due to its association with suspected drug trafficing.[4][14]

Death

Helliwell suffered from emphysema in his later years. He died of a collapsed lung at his home in Coral Gables, Florida on December 24, 1976.[5] He was survived by his wife, Marjorie, and a daughter, Anne.[5]

Just after his death, two banks, Mercantile Bank Freeport and another Mercantile Bank in the Cayman Islands, which were both closely associated with Castle Bank & Trust, along with Castle Bank & Trust in both the Bahamas and Cayman Islands collapsed.[14] The two Merchantile Banks were subsidiaries of George Olmsted's International Bank (IB) of Washington, D.C., which he had purchased in 1955. IB held a two thirds share of the banks beginning in December 1972.[14][lower-alpha 2]

Interviews

See also

Notes
  1. On October 19, 1945, Edward Lansdale began his fact finding mission after he arrived in Manila Bay aboard the United States Army Transport Ship (USAT) USS Uruguay.[10]
  2. George Olmsted served in the United States Army during World War II and in 1944 was sent to the China-India-Burma theater as a Colonel to form the G-5 civil affairs section (Economic and Political) of General Albert Wedemeyer's staff. G-5 was also responsible for clandestine activies, lend lease, and the training of allied military forces.

References
  1. Williams, Paul (2015). Operation Gladio: The Unholy Alliance between the Vatican, the CIA, and the Mafia. Prometheus Books. ISBN 9781633884786.
  2. Donald E. Weatherbee (2008), Historical Dictionary of United States-Southeast Asia Relations, Scarecrow Press, p155-6
  3. Peter Dale Scott (2010), American War Machine: Deep Politics, the CIA Global Drug Connection, and the Road to Afghanistan, Rowman & Littlefield Publishers, p162
  4. Drinkhall, Jim (April 24, 1980). CIA Helped Quash Major, Star-Studded Tax Evasion Case. Wall Street Journal via Washington Post. Archived from the original on January 8, 2021. Retrieved January 15, 2021.
  5. "Paul Helliwell rites tomorrow". The Miami News. Miami. 27 December 1976. p. 4A. Retrieved 6 December 2014.
  6. Yu, Maochun (1996). OSS in China: Prelude to Cold War. New Haven, Conn: Yale University Press. p. 226. ISBN 978-0-300-06698-2.
  7. Hunt, E. Howard (1974). Undercover: memoirs of an American secret agent. Berkley. p. 43-44.
  8. Sterling.
  9. Johnson, Chalmers (November 20, 2003). "The Looting of Asia": A review of Gold Warriors: America's Secret Recovery of Yamashita's Gold by Sterling Seagrave and Peggy Seagrave Verso, 332 pp. London Review of Books v. 25, no. 22. Archived from the original on November 19, 2003. Retrieved January 15, 2021.
  10. Anderson 2020, pp. 127-130.
  11. "Edward Lansdale". Spartacus Educational. Retrieved 15 January 2021.
  12. "Ray S. Cline". Spartacus Educational. Retrieved 15 January 2021.
  13. "Paul Helliwell". Spartacus Educational. Retrieved 15 January 2021.
  14. "Second Bahamian Bank Goes Under". Washington Star. 26 May 1977. Retrieved 15 January 2021 – via Wilmington Morning Star.
  • Seagrave, Sterling; Seagrave, Peggu (11 September 2002). Opération "Lys d'or" : Le scandaleux secret de la guerre du Pacifique ou comment les Etats-Unis ont utilisé le trésor de guerre japonais pour financer la guerre froide (in French). Yves Michalon Éditions (L'Harmattan). ISBN 978-2841861606.
  • Seagrave, Sterling; Seagrave, Peggy (1 January 2003). Gold Warriors: America's Secret Recovery of Yamashita's Gold. Verso. ASIN B00SQDO3GU.
  • Seagrave, Sterling; Seagrave, Peggy (26 December 2005). Gold Warriors: America's Secret Recovery of Yamashita's Gold. Verso. ISBN 978-1844675319.
  • Anderson, Scott (2020). The Quiet Americans: Four CIA Spies at the Dawn of the Cold War - A Tragedy in Three Acts. Doubleday. ISBN 9780385540452.
  • Wolfe, Jane (1989). The Murchisons: The Rise and Fall of a Texas Dynasty. St Martins Press. ISBN 978-0312034047.

Further reading
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