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Bank of Credit and Commerce International (view source)
Revision as of 05:45, October 17, 2016
, 05:45, October 17, 2016→American branch
The software firm Systematics was to become the nation's biggest supplier of back-office banking software, and would eventually work closely with the [[National Security Agency]] to facilitate intelligence monitoring of banking transactions. Vince Foster would be assigned by
The software firm Systematics was to become the nation's biggest supplier of back-office banking software, and would eventually work closely with the [[National Security Agency]] to facilitate intelligence monitoring of banking transactions. Vince Foster would be assigned by
Stephens to an oversight role on this project.
Stephens to an oversight role on this project.
Jackson Stephens, meanwhile, proposed, developed, and financed a plant for hazardous waste
facilities, called Waste Technology Inc, beginning in 1979. This project became a bottomless pit as a money loser, so at one point, the financially-strapped Stephens made a deal with Indonesian Mochtar Riady of the Lippo Group to set up a money-laundering operation in Arkansas. Stephens and Riady had previously formed Stephens Finance Ltd. in Hong Kong in 1976.
Stephens bought 9.3 percent of Worthen bank while Lippo purchased 9.4 percent. Lippo paid about $16 million for its share, and installed James Riady as a bank director in 1984. Stephens-Lippo
continued to increase their share of Worthen stock, up to 36.7 percent.
This union came about just as the Mena, Arkansas, drug-and-arms trade was creating a vast
local demand for money-laundering services. At the Asian end, with Mochtar Riady, Stephens purchased Seng Heng Bank in Macao, the "Oriental Las Vegas", where gambling is the primary source of government revenue. Stephens' Systematics supplied software to the Banco Nacional Ultramarino, the cashier and treasury bank of the Macao government and the bank that issues the local currency. Macao is located less than 40 miles from [[Hong Kong]], the center for [[heroin]] trade.
Hillary Clinton became the intellectual property lawyer for Systematics, and obtained access to important materials from Systematics clients, such as the operating system for a new national security computer at E-Systems of [[Dallas]], [[Texas]].
Systematics also came to be represented by Beryl Anthony, a partner at the Washington law office of Winston and Strawn, former chairman of the [[Democratic Congressional Campaign Committee]], and husband of Vince Foster's sister Sheila Foster Anthony. It was Sheila Anthony who, while assistant attorney general for legislative affairs at the Justice Department, effected a $286,000 transfer to Vince Foster from a Democratic National Committee account held at Mellon Bank, just four days before Vince Foster met his death. Upon Foster's death, Hillary Clinton directed the removal of files from Foster's office.
Both First American National Bank and Georgia National Bank, owned by Bert Lance, were purchased by BCCI front man and Stephens business associate Gaith Pharon. Stephens' family bank, the Worthern National Bank (later renamed Boatman's National Bank of Arkansas),<ref>http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=883249&parDT_END=99991231 </ref> extended a two million dollar loan to the 1992 Clinton presidential campaign.
Both First American National Bank and Georgia National Bank, owned by Bert Lance, were purchased by BCCI front man and Stephens business associate Gaith Pharon. Stephens' family bank, the Worthern National Bank (later renamed Boatman's National Bank of Arkansas),<ref>http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=883249&parDT_END=99991231 </ref> extended a two million dollar loan to the 1992 Clinton presidential campaign.