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Bank of Credit and Commerce International (view source)
Revision as of 19:48, October 31, 2016
, 19:48, October 31, 2016→Stephens Inc and the Riadys'
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.
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.
===Lippo Group and ADFA===
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.
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.