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Bank of Credit and Commerce International (view source)
Revision as of 19:46, October 31, 2016
, 19:46, October 31, 2016→Stephens Inc and the Riadys'
Stephens' principal motive in bringing BCCI to America was apparently to connect up his own financial institutions to a global system of money laundering—not only First American Bank, but those in Little Rock also. To avoid the type of [[SEC]] scrutiny involved in the Financial General takeover, [[Webster Hubbell]] was employed to draw up the charter for the [[Arkansas Development Finance Authority]] (ADFA). The structure for the laundry was then in place.
Stephens' principal motive in bringing BCCI to America was apparently to connect up his own financial institutions to a global system of money laundering—not only First American Bank, but those in Little Rock also. To avoid the type of [[SEC]] scrutiny involved in the Financial General takeover, [[Webster Hubbell]] was employed to draw up the charter for the [[Arkansas Development Finance Authority]] (ADFA). The structure for the laundry was then in place.
===Harken Energy===
Stephens and his Worthen National Bank invested in Harken Energy, a [[Texas]] company in which [[George W Bush]] was a board member. "The money Stephens invested came through the Swiss BCCI subsidiary."<ref>Rachel Ehrenfeld, '' Evil Money'' </ref>
===Bert Lance and Clark Clifford===
===Bert Lance and Clark Clifford===