CIA Ops Moonlight for Corporations

Help hedge funds spot liars on corporate earnings calls
By Jane Yager,  Newser Staff
Posted Feb 1, 2010 7:33 AM CST
LANGLEY, VA - JULY 9: The CIA symbol is shown on the floor of CIA Headquarters, July 9, 2004 at CIA headquarters in Langley, Virginia.   (Getty Images)
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(Newser) – Apparently CIA operatives don't have enough on their plates fighting two wars and al Qaeda: Many operatives moonlight as consultants to financial firms and hedge funds, Eamon Javers writes in a book excerpt on Politico. Moonlighting in the private sector is generally allowed for federal employees if they follow strict guidelines; in the case of CIA agents, it's seen to counteract the problem of brain-drain to higher-paying private sector jobs.

CIA agents have especially strong ties to one consulting company, Boston-based Business Intelligence Advisors. BIA specializes in "tactical behavioral assessment," a sort of "human lie detector" analysis that seeks to detect whether people are lying without using a polygraph. The firm trains clients to conduct TBA themselves—or does it for them for a fee, often on quarterly corporate-earnings calls.

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