THEBLACKBOOK AUDIT
The PeopleThe Spy-Banker

A.B. “Buzzy” Krongard

b. 1936

The Wall Street chairman who was running the CIA on 9/11 — and later wired it to Blackwater.

A.B. 'Buzzy' Krongard built Alex. Brown, the Baltimore investment bank, then became the third-ranking official at the CIA six months before September 11, 2001. The brokerage he built was where the largest cluster of pre-9/11 airline put options was routed; the SEC closed that case opaquely and destroyed the files. Later, he wired the agency to Erik Prince's Blackwater — and his brother, the State Department's own watchdog, lied under oath about the tie.

The File · 3 entries

What the record shows

Every entry is graded and, where possible, links to the investigation that documents it. This page introduces no new claims — it collects what is already on the record.

  1. He went from chairman of Alex. Brown to Executive Director of the CIA — six months before 9/11.

    FACT

    CEO of Alex. Brown (1991), chairman (1994) while consulting for CIA directors; full-time at the agency from 1998; promoted to Executive Director — the #3 job — on March 16, 2001.

    Documented in this investigation →

  2. The largest pre-9/11 United put cluster was routed through the brokerage he built — and the SEC destroyed the case files.

    SOME SMOKE

    We assert NO foreknowledge or trading by Krongard; the SEC traced the biggest bet to a hedge fund. What's documented is the coincidence of position and the SEC's opaque closure — classified report, eight-year FOIA fight, destroyed 'Matters Under Inquiry' files.

    Documented in this investigation →

  3. He wired the CIA to Blackwater and joined its board; his brother, the State Dept watchdog, lied under oath about it.

    FACT

    As Executive Director he connected the CIA to Blackwater (its first federal contract, 2002); joined its advisory board in 2004. Brother Howard 'Cookie' Krongard, State Dept IG, denied the tie under oath (2007) and corrected himself mid-hearing.

    Documented in this investigation →
Appears across the file

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