David Samuels in BloombergBusinessWeek: ...After British Prime Minister Tony Blair left office in 2007, he joined JPMorgan Chase’s (JPM) investment banking unit in London and became a frequent visitor to Libya. According to documents made available by the muckraking nonprofit Global Witness, Blair, accompanied by British police, would fly into Tripoli on a Bombardier Challenger 300 jet hired by the elder Qaddafi, where he’d be transported from the airport to the British Embassy and treated like a visiting head of state. He’d stay at the British ambassador’s residence and meet regularly with Seif, who oversaw the activities of the $70 billion LIA, as well as with Seif’s close friend, Mustafa Zarti, the deputy head of the LIA. While Blair has said that his trips to Tripoli didn’t involve doing deals with the LIA, the careful wording of his denials doesn’t contradict the assessment of a senior British diplomat quoted in a Sept. 17, 2011, article in the Sunday Telegraph who described Blair’s visits as devoted to lobbying for J.P. Morgan, the investment banking unit of JPMorgan Chase.
...Of the nine companies to which the LIA entrusted its $70 billion bankroll, almost all appear to have lost incredible amounts of money while charging sky-high fees.