Even before the CIA was founded in 1947, its predecessor, the Office of Strategic Service (OSS) already had grimy hands. This arose from a private agreement between Allen Dulles, later to become Director of the CIA, and a group of Nazi SS thugs seeking to escape war crimes trials at the end of WW11. SS General Karl Wolff held a series of secret meetings with Dulles, who was then Swiss "Station Chief" for the OSS. The two men thrashed out an agreement - against the direct, written orders of President Roosevelt. This gave the SS group freedom from prosecution in return for agreeing to secretly work for American intelligence against the Russians in the Cold War.

Since it was impossible for the OSS to fund this secret network, Dulles agreed the Nazi's would finance themselves from their vast stocks of Morphine, plundered gold and a mass of counterfeit British bank-notes. These were smuggled to Austria in the last days of the war and hidden. They were later sold on the black market and the proceeds used to finance the black SSOSS Network. The subterfuge was so successful that it would later become an irresistible method of underwriting "off-the-books" CIA black operations.