Word: altmans
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...Federal Reserve Board fined B.C.C.I. $200 million for illegally acquiring control of three prominent U.S. banking institutions. Chief among them was First American Bankshares, Washington's largest bank holding company, which is headed by former Defense Secretary Clark Clifford and his law partner Robert Altman. Clifford and Altman, who served as attorneys for B.C.C.I. throughout the 1980s, have denied knowing it owned First American. The other two secretly owned banks were the National Bank of Georgia, which Ghaith Pharaon, a Saudi tycoon and B.C.C.I. front man, acquired from Carter Administration official Bert Lance, and Miami's CenTrust Savings. Pharaon used...
Though Clifford and First American president Robert Altman insist that their foreign partners kept hands off First American, the auditors said B.C.C.I. used the U.S. firm's stock as an essential part of many fraudulent deals. B.C.C.I., said Price Waterhouse, covertly acquired the stock of First American, code-named WXYZ in the report, through "prominent Middle Eastern individuals" who thus were merely nominal -- or "nominee" -- owners. B.C.C.I. then used First American shares as collateral for sham loans that produced phony income. Clifford, meanwhile, regularly briefed Abedi and Kamal Adham, a major B.C.C.I. shareholder from Saudi Arabia, on First American...
...Altman were also deeply enmeshed in B.C.C.I.'s affairs. The two men served as attorneys for B.C.C.I. and masterminded the bank's defense in the money-laundering case in Florida. Former B.C.C.I. bankers have told TIME that Altman even traveled to London to assure B.C.C.I. shareholders that the money-laundering case was a mere aberration that would be swiftly settled. Altman later returned to London, the insiders said, to soothe shareholders' concerns about B.C.C.I.'s losses by blaming the red ink on depressed conditions in many Third World areas where the sprawling bank operated...
...doctors, already beset by nit-picking insurance companies, shrinking Medicaid payments and malpractice lawyers, the gag rule seemed the final intrusion -- one that was doubly galling because it came from an Administration many had supported. Says Alan Altman, a gynecologist in Brookline, Mass.: "((The government)) bothers me in the pocketbook, it bothers me in the delivery room, but it has never before bothered me in the consultation room." Dr. Laura Sirott, a Pasadena, Calif., obstetrician- gynecologist who describes herself as a past supporter of Bush, complains that the gag rule violates a patient's right to be fully informed. "This...
Vessenski says he and those journalists had to decide when and whether to expose Barbie, who was in cognito under the name Klaus Altman, to the international press...