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Bank of Credit and Commerce International (view source)
Revision as of 08:03, December 10, 2018
, 08:03, December 10, 2018→Stephens Inc and the Riadys'
In 1977 an investor group that included Jackson Stephens took over First American Bank in Washington, D.C. This bank was headquartered near the White House, and had many government employees as account holders—the perfect vehicle for gathering political intelligence. To take advantage of this fact, Jackson Stephens proposed that his software firm Systematics handle all the accounting for the bank. But the investor group refused to go along.
In 1977 an investor group that included Jackson Stephens took over First American Bank in Washington, D.C. This bank was headquartered near the White House, and had many government employees as account holders—the perfect vehicle for gathering political intelligence. To take advantage of this fact, Jackson Stephens proposed that his software firm Systematics handle all the accounting for the bank. But the investor group refused to go along.
So Stephens, with the help of Bert Lance and others, brought in BCCI to wrest control of the bank from that group, and to put it into the hands of friendlier partners. By 1978 there were lawsuits, and Stephens' software firm Systematics was represented by Joseph Giroir, [[Hillary Rodham Clinton]], and [[Vince Foster]] of the Rose Law Firm in 1978.
So Stephens, with the help of Bert Lance and others, brought in BCCI to wrest control of the bank from that group, and to put it into the hands of friendlier partners. By 1978 there were lawsuits, and Stephens' software firm Systematics was represented by Joseph Giroir, [[Hillary Rodham Clinton]], and [[Vince Foster]] of the Rose Law Firm in 1978.<ref>https://groups.google.com/forum/m/#!topic/alt.true-crime/TZ-Pv_vx_4E</ref>
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.