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Roy M. Furmark (28 September 1931 - 4 January 2001) was a New York Businessman who played a role in the Iran-Contra affair in a number of ways, including acting as a link between CIA Director William Casey and Saudi billionaire Adnan Khashoggi, who financed the arms deal at the center of the affair. In 1986 the Los Angeles Times reported that Furmark had known Casey and Khashoggi for about 20 years.

Background and early career

Furmark was born in Brooklyn, graduated from Pace College with a degree in accounting, and after working at a number of accounting firms started a private practice in 1964. He began working with John Shaheen in 1966, who would later introduce him to William Casey. In the 1970s Furmark was vice-chairman of the board of the Newfoundland Refining Co., a Canadian venture (which built the Come By Chance Refinery) which Shaheen had been involved in. When the venture collapsed (at the time of its bankruptcy in 1976, it was Canada's largest bankruptcy), Furmark was one of those sued by creditors; the defendants eventually settled out of court in 1982.

Iran-Contra affair

Furmark was a business associate of the Iranian Cyrus Hashemi, and in March 1980 introduced William Casey to Cyrus' brother Jamshid Hashemi in the context of the Hashemis' efforts to support US-Iranian negotiations over the Iran hostage crisis. A business partner of Cyrus Hashemi's, John Shaheen, was a former boss of Furmark's.

Furmark was an associate of Saudi billionaire Adnan Khashoggi, and had been an investor in a Panamanian company, Bayway, which Khashoggi and Hashemi had been partners in. Furmark also received a 10% stake in the World Trade Group for setting up with Khashoggi and Hashemi the planned venture (it never completed any deals) to trade various goods with Iran. In June 1985 Furmark introduced Khashoggi to Manucher Ghorbanifar, after which Khashoggi abandoned Hashemi and worked with Ghorbanifar to arrange the arms deals, and Hashemi became a US Customs informant, leading to the Brokers of Death arms case snaring several Khashoggi business associates.

On 7 October 1986 Furmark told CIA Director William Casey of the diversion of funds from arms sales to Iran, a month before the affair became public. Furmark, testifying to the Congressional Committees Investigating The Iran-Contra Affair in December 1986, said that Canadian investors in the Iranian arms deal were threatening to take legal action, which would expose the arrangement, although he later said that Khashoggi had misled him and it appeared that the money had come from a Cayman Islands bank, which was threatening to sue Khashoggi.

Later life

In 1990 Furmark was sentenced to two years' probation for his role in the attempted sale of stolen Ashland Oil documents to Iran, which was attempting to sue Ashland over unpaid Iranian oil. All of which was an American 'Sting Operation' to punish Furmark for his role in the Reagan Administrations Iran Arms Deal.

Death

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During the Summer of 1994, Furmark was in Cairo, Egypt at a resort with a close confidant and business associate Mr.Elkomi, enjoying their lunch, while discussing business. While outside in the sunshine,partially under the umbrella,and shirt off, he noticed a 'black spot' that he had had for years, had now burst.By the time he arrived back home, he soon went to see his doctor at the Dartmouth Hitchcock Medical Center, in Lebanon NH to have it checked. It was later diagnosed in August of 1994, as a Malignant Melanoma. He then had surgery to remove some lymph nodes, and was able to be 'cancer free' until July 1999.

By July 1999, he felt a 'small lump' underneath his left arm. The doctors eventually removed this lump, and the biopsy came back as Melanoma. A Follow up chest x-ray soon after showed a tumor in his lung. These findings proved that his Melanoma was no longer dormant. By December 1999, the Melanoma had spread to his brain. He underwent Brain surgery on December 15,1999 and had the tumor removed at DHMC, in Lebanon, NH. Approximately 5 weeks later, his neurosurgeon did a CT of his brain to see how his healing process was going. That scan showed 12 new brain tumors. From that time on, his doctors decided to treat his entire body with a combination of Chemo and Radiation. During this time, sadly the chemo/radiation therapy was not so successful, Yet;he continued on with all the responsibilities that he had to take care of: from still caring for his quadriplegic wife, (his wife became handicap due to Viral Encephalitis 'Attack' on May, 26, 1981, which his younger son, saved her life at the age of 12, since he was the only one home at the time the 'attack' occurred.) and trying to take care of all other responsibilities with regards to keeping a house and family still 'working', while at the same time he was still trying to accomplish business.

Eventually, as the cancer grew, it weakened him, and made obvious behavior changes due to his brain tumors. He was often fatigued. His younger son, eventually became the 'caregivers' of both his mom and his dad, until eventually both parents were placed into a nursing home in Springfield, Vermont during that impending demise.

Furmark and his wife became roommates and were together, until he took his very last breath and succumbed to this very 'capricious' disease. He died sometime after 2am on January 4, 2001 from Malignant Melanoma.

References

1. genealogybank.com, Roy M. Furmark: Social Security Death Index (SSDI) Death Record
2. ^ William C. Rempel, Los Angeles Times, 18 December 1986, Days of Meetings Brought Arms Sellers Together
3. ^ Bob Drogin, Los Angeles Times, 17 December 1986, Warned Casey 3 Times on Iran Funds, Furmark Says : Businessman Claims He Got Middlemen Together
4. ^ Bob Drogin and William C. Rempel, Los Angeles Times, 12 December 1986, Shadowy N.Y. Businessman : Furmark Had Roles in Big Bankruptcy, Iran Ventures
5. Joseph and Susan Trento, Public Education Center, 1 August 2009, The United States and Iran: The Secret History Part IV: Failure and Fate: A Failed Rescue and Iranian Double Dealing
6. Lawrence Walsh, Final Report of the Independent Counsel for Iran/Contra Matters, Chapter 8: The Enterprise and Its Finances , April 1993
7. William C. Rempel, Los Angeles Times, 6 January 1987, Casey Reportedly Knew of Iran Arms Deals in Early '85
8. Orlando Sentinel, 12 December 1986, Key Witness Casts Doubt On Casey
9. Report of the Congressional Committees Investigating The Iran-Contra Affair, Washington, 1987
10. Bob Drogin and Kenneth Freed, Los Angeles Times, 20 December 1986, Heads Little-Known Affiliate of Contra-Aid Group : Ex-Canadian Lawmaker's Arms Actions Probed
11. Associated Press, New York Times, 4 December 1990, Sentencing in Ashland Case
12. John T. McQuiston, New York Times, 13 September 1988, U.S. Unseals Complaints In Ashland Papers Case

Immediate Family member of Roy M Furmark described info pertaining to his death {Sources: Dr. David Roberts, Chief of Neuro Surgery at DHMC, in Lebanon, NH. Springfield Health & Rehab Ctr 105 Chester Road, Springfield, VT ; where Roy died.Mr. Yeyah El-Komi of Cairo, Egypt, who Roy was with.Younger son/RMF Wife, can attest to the Facts.}

• 1931 births
• 2001 deaths
• Iran–Contra affair
• Iran hostage crisis
• Pace University alumni
• People from Brooklyn