Former US intelligence officers speaking to Jonathan Kwitny said that Houghton traded in many things, including slot machines and opium.
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After serving in the US military in World War II, Houghton had various jobs over the next 20 years (Alfred W. McCoy describes him as "knocking about the country for twenty years in various jobs with no particular direction").
In 1967 Hand finished his CIA contract and moved to Sydney, where he became engaged in real estate deals with the CIA-linked US expatriate Bernie Houghton.
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Efforts to arrange deals included incorporating a company in Pretoria, South Africa, and sending Bernie Houghton with two Nugan Hand employees to the United States to meet Edwin P. Wilson.
Lots were sold by Michael Jon Hand, Frank Nugan and Bernie Houghton of what would later become the notorious Nugan Hand bank.