This article examines the post-war activities of the National Labor Alliance (NTS), a far-right Russian exile organisation whose members had served in German intelligence and propaganda structures during the Second World War. Using declassified CIA documents and previously untapped sources pertaining to NTS, it analyses the transformation of a semi-fascistic, collaborationist and anti-Semitic organisation into a Cold War asset of the CIA. The NTS played a role in shaping its association with US power by applying deceptive political strategies it had adopted during the interwar period and the Second World War to the new geopolitical context of divided Europe.