We were talking about the cautionary tale of Howard Hughes on @SquawkCNBC this morning: a billionaire aviator playboy on the cutting edge of technology and defense, who descended into paranoia and drug abuse. Seems potentially relevant again!
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In the 1970s, there was a private intelligence firm in DC called Intertel, which was launched by former Bobby Kennedy DOJ guys and staffed by veteran FBI agents, intelligence officers, etc. Richard Nixon was deeply wary of INTERTEL because he thought it was a private spy agency for the Kennedys.
When I was working on my book on corporate espionage, I heard a lot about INTERTEL and Peloquin, and tried to track him down. One retired FBI agent vetted me and passed me on to another … and another, and then finally I was told that Peloquin would meet with me.
Turns out, he had a farm in rural Pennsylvania. So I drove up there to see him. Over a few hours and some excellent cookies supplied by his wife Peggy, he told me his life story.
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