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== BCCI ==
== BCCI ==
In 1991, Clifford's memoirs ''Counsel to the President'' (co-authored with Richard Holbrooke) were published just as his name was implicated in the unfolding [[Bank of Credit and Commerce International]] (BCCI) scandal. The bank, with Clifford as its chairman, was called [[First American Bankshares]] and became the largest in Washington. Robert Morgenthau, the district attorney in New York City, disclosed that his office had found evidence that the parent company of Clifford's bank was secretly controlled by BCCI. The district attorney convened a grand jury to determine whether Clifford and his partner, [[Robert Altman]], had deliberately misled federal regulators when the two men assured them that BCCI would have no control.
In 1991, Clifford's memoirs ''Counsel to the President'' (co-authored with Richard Holbrooke) were published just as his name was implicated in the unfolding [[Bank of Credit and Commerce International]] (BCCI) scandal. The bank, with Clifford as its chairman, was called [[First American Bankshares]] and became the largest in Washington. Robert Morgenthau, the district attorney in New York City, disclosed that his office had found evidence that the parent company of Clifford's bank was secretly controlled by BCCI. The district attorney convened a grand jury to determine whether Clifford and his partner, [[Robert Altman]], had deliberately misled federal regulators when the two men assured them that BCCI would have no control.<ref>Summary of Charges, US Board of Governors of the Federal Reserve, No. 91-043, July 29, 1992, pp. 1-11.</ref>
Jackson Stephens, a billionaire banker in Little Rock, Arkansas, and one of presidential candidate [[Bill Clinton]]'s main supporters, played a key role in setting up the illegal purchase of the American branch of the BCCI of two American banks.
Jackson Stephens, a billionaire banker in Little Rock, Arkansas, and one of presidential candidate [[Bill Clinton]]'s main supporters, played a key role in setting up the illegal purchase of the American branch of the BCCI of two American banks.