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Stephens was named in the court records as having brought Pharon together with Stephens' close friend Bert Lance. Lance was a former [[OMB]] nominee under President [[Jimmy Carter]] who was denied confirmation due to a banking scandal.
 
Stephens was named in the court records as having brought Pharon together with Stephens' close friend Bert Lance. Lance was a former [[OMB]] nominee under President [[Jimmy Carter]] who was denied confirmation due to a banking scandal.
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BCCI founder Agha Hasan Abedi was introduced to Bert Lance by Stephens. Lance asked Clifford to perform [[due dilligence]] on Abedi. <ref>BCCI IN THE UNITED STATES, 1992."According to [Bert] Lance, he then turned to Clark Clifford, who had represented him in Congressional hearings into Lance's activities in [[Georgia]], and asked Clifford to do [[due diligence]] on BCCI. When Clifford called Lance back to tell Lance that Abedi was "a man of integrity and character," Lance agreed to meet with Abedi and Naqvi in [[London]], and there became BCCI's agent for its forays into the U.S.(15) Thus, by Lance's account, Clifford first had contact with BCCI on behalf of Lance in October, 1977."</ref>
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BCCI founder Agha Hasan Abedi was introduced to Bert Lance by Stephens. Lance asked Clifford to perform [[due diligence]] on BCCI.<ref>BCCI IN THE UNITED STATES, 1992."According to [Bert] Lance, he then turned to Clark Clifford, who had represented him in Congressional hearings into Lance's activities in [[Georgia]], and asked Clifford to do due diligence on BCCI. When Clifford called Lance back to tell Lance that Abedi was "a man of integrity and character," Lance agreed to meet with Abedi and Naqvi in [[London]], and there became BCCI's agent for its forays into the U.S.(15) Thus, by Lance's account, Clifford first had contact with BCCI on behalf of Lance in October, 1977."</ref> Stephens, Lance, and First American Bank director and longtime Democratic party power broker Clark Clifford all maintained that they did not know the group of Pakinstani and Saudi investors headed by Pharon, which they were dealing with, were actually fronting for BCCI.<ref>http://fas.org/irp/congress/1992_rpt/bcci/06early.htm</ref>
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Stephens, Lance, and First American Bank director and longtime Democratic party power broker Clark Clifford all maintained that they did not know the group of Pakinstani and Saudi investors headed by Pharon, which they were dealing with, were actually fronting for BCCI.<ref>http://fas.org/irp/congress/1992_rpt/bcci/06early.htm</ref>
      
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