Palumbo's Miami-based security firm, Ackerman & Palumbo, the forerunner of Incident Management Group (IMG), which has been linked to Scaramella and his colleague Filippo Marino, was founded in 1977, just after George H. W. Bush's stint as CIA director.

Recently released CIA documents point to the presence in Miami of a major CIA front company operation that for some time involved George H. W. Bush's Zapata Petroleum and Zapata Offshore. In fact, internal CIA memos from 1975, written at the time Gerald Ford selected Bush to succeed the late William Colby as CIA director, cite a number of Bush-affiliated front companies in which CIA veteran Thomas J. Devine was also involved. These include Zapata; the Wall Street investment firm of Train, Cabot and Associates; and CIA proprietary firms using the cover names WUSALINE and WUBRINY/LPDICTUM.

The minute Bush was nominated as CIA director by Ford, Miami was restored as a major center for CIA proprietary operations. The CIA's Miami station, code-named JM/WAVE, was responsible for planning the 1961 Bay of Pigs invasion of Cuba, an operation that involved Bush and Zapata.

After Bush's one year stint at Langley, not only did Miami draw Palumbo, Ted "Blond Ghost" Shackley (who was to assist Bush in the 1980 October Surprise negotiations with Iran in Paris), and other CIA officers but Ackerman & Palumbo hired a senior Foreign Service officer who had been First Secretary of the US Embassy in Paris at the time Bush was in Paris hammering out the "no hostages for arms" deal"

http://onlinejournal.com/artman/publish/article_1627.shtml