To: jim-thompson who wrote (51653 ) 1/16/2006 12:49:24 PM From: paret Read Replies (1) | Respond to of 93284 I am shocked by this article from TIME Magazine Apr. 1, 1991 BUSINESS Masters Of DeceitHow the men behind an audacious bank expanded it via global duplicity, touching Jimmy Carter, Arab sheiks and Manuel Noriega along the way By JONATHAN BEATY AND S.C. GWYNNE WASHINGTON. time.com The Lance connection eventually led to Jimmy Carter. When he left office, Abedi lent him B.C.C.I.'s corporate jet to replace Air Force One, donated $500,000 to help establish the Carter Center at Emory University in Atlanta, and began pumping donations into Carter's Global 2000 Foundation, which provided health care in the Third World. Sources close to B.C.C.I. say Abedi gave "millions" to the charitable project. Carter spokesmen would not confirm the amount but conceded that B.C.C.I. gave $1.5 million last year (the former President was not available for an interview on the subject of Abedi ). That gift was accepted after B.C.C.I. was indicted and convicted for laundering drug money, but Carter has indicated that Abedi remains a friend. ALSO IN THIS ISSUE Apr. 1, 1991 Table of Contents » Index: April 1, 1991 Vol. 137 No. 13 Search inside this issue: Business Business Notes AIRCRAFT: The Buddy System Business Notes COMPETITIVENESS: Can This War Be Won? Business Notes GAMBLING: A Tale of Two Cities Business Notes LITIGATION: Victory for A Video Voice Business Notes WALL STREET: A Bad Case Of the Blues Masters Of Deceit How the men behind an audacious bank expanded it via global duplicity, touching Jimmy Carter, Arab sheiks and Manuel Noriega along the way Piercing The Scam's Heart Nation American Notes CRIME: Death on the Home Front American Notes POLLUTION: Now They Tell Us! American Notes TRIALS: Be It Ever So Humble . . . American Notes WEATHER: California Streamin' Back to The Beat As an antidote to police abuses and street crime, many cities are sending cops into communities to protect, serve -- and often befriend -- local residents Cover Stories: Rough Justice After the outrage in Los Angeles, police find themselves on trial as Americans are worried that some officers may be going too far -- much too far -- in the midst of a brutal and brutalizing war GRAPEVINE Here Come the Cubans, Part 2 GRAPEVINE It's Just Not Genteel to Spit Law And Disorder For cops, fear and frustration are constants. Sometimes even the best of them snap under the pressure. Murders They Wrote Passion, envy and genius combine in a trio of true-life crime dramas that seem ready-made for TV GRAPEVINE Stop Us Before We Vote Again The Common Man's Tax Cut Rebuffed last fall, Moynihan revives his plan to reduce Social Security levies for middle- and lower-wage earners GRAPEVINE The Drug Dog All-Star Squad GRAPEVINE The G.O.P. Hit List The Political Interest Gates: The Buck Doesn't Stop Here GRAPEVINE There's No Place Like Jail GRAPEVINE White House To IRS: Hands Off The Rich World Britain Trimming Around the Edges Major kills Thatcher's poll tax and changes the tone of policy, but her philosophy goes marching on Foreign Aid: Good Intentions, Woeful Results How an ambitious environmental program ended up damaging the tropical rain forests In From The Cold Iraq Getting Their Way The Kurdish revolt shakes Saddam, contributing to his decision to form a new Cabinet, and raises the question, Does the country face a breakup? Middle East: Does Land Still Buy Security? A debate rages on whether Israel could safely return even a demilitarized Golan Heights to Syria Military Strategy: How Moscow and Beijing Lost the War The allied victory is a sobering lesson for the world's two largest armies. It may be a prohibitively costly one. Soviet Union Gorbachev's Nightmare What if Boris Yeltsin becomes the first elected president of the Russia republic, the biggest and wealthiest of them all? Science Mexico City's Menacing Air (Environment) The shutdown of a refinery will only begin to curb a toxic cloud Thin Skins and Fraud at M.I.T. A famed researcher backs away from a discredited paper Health & Medicine Forging A Shield Against AIDS (Medicine) Vaccines are in the works, but how should they be tested and who should pay? Press A Fresh Take on Fashion Mirabella woos readers with an eclectic menu of offerings that mixes culture and business with women's other concerns Sport Bo Knows Pain -- and Dismissal The best-known two-sport athlete in the U.S. is out for a year, and perhaps forever, because of a football injury Also In This Issue Academics In Opposition (Ideas) Time Magazine Contents Page (Contents) Vol. 137, No. 13 APRIL 1, 1991 Time Magazine Masthead (Masthead) Vol. 137, No. 13 APRIL 1, 1991 Upside Down in the Groves of Academe (Ideas) In U.S. classrooms, battles are flaring over values that are almost a reverse image of the American mainstream. As a result, a new intolerance is on the rise. Law Weighing Some Heavy Metal The Supreme Court rules that potential health risks to a fetus are no excuse to discriminate against women in the workplace Arts & Entertainment Art And Terror in the Same Boat (Music) The Death of Klinghoffer avoids politics but takes no prisoners Critics' Voices (Critics' Voices) Hollywood Dances with Words (Show Business) Books are coming off the shelves and onto the screen. Are producers seeking more complexity, or just tidy packages? Revenge of The Nerd (Video) Neighborhood pest Steve Urkel makes Family Matters fly and gives the Miller-Boyett team yet another comedy hit To Our Readers From the Publisher (From The Publisher) Essay ESSAY A Moment for the Dead Original section names from the magazine appear in gray text in parenthesis beside the article's Apr. 1, 1991 Subscribe below to instantly access this article - and over 30,000 articles in the TIME Archive. Your unlimited access will remain free during your paid subscription to TIME magazine.Investigators say it is one of the most powerful and corrupt banks they have ever encountered. The shadowy $30 billion offshore enterprise called Bank of Credit & Commerce International made headlines briefly when it was convicted of laundering drug money in the U.S. last year, but its story came home with shocking force to most Americans more recently. B.C.C.I., investigators have found, has for years secretly owned the largest bank in Washington, First American Bankshares, despite a decade of denials by one of the city's most respected figures, lawyer and First American chairman Clark Clifford. Bad... To continue reading the complete article, login or subscribe below and get free instant access. Get 6 issues of TIME for only $1.99 The complete article is 2555 words long.