Word: altmans
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Clifford and law partner Robert Altman, who is First American's president, are now under scrutiny by a New York grand jury seeking to determine whether the pair were knowing front men for one of the most ingenious bank tycoons of the modern age: B.C.C.I.'s founder, Agha Hasan Abedi of Pakistan. Clifford and Altman insist they were not, despite long and close connections. They were attorneys for B.C.C.I. from 1978 through 1990, as well as attorneys for First American, billing the two banks for more than $1 million during that period. Clifford, who has long defended Abedi, says...
Clifford and Altman are not the only U.S. connections to B.C.C.I. that the New York grand jury is looking into. Investigators suspect that wealthy Saudi businessman Ghaith Pharaon, who purchased the troubled National Bank of Georgia from President Carter's friend and onetime budget chief Bert Lance and later sold it to First American, has been a front man for Abedi. Banking regulators are probing another Pharaon holding -- Independence Bank in Encino, Calif. -- to see if Abedi or B.C.C.I. is the secret owner of that bank. And a federal grand jury in Miami is tracking Pharaon's and B.C.C.I...
...Lance connection was paying off elsewhere as well. When Lance resigned, he hired Washington attorney Robert Altman to represent him. Through this connection, Abedi met Clifford, his key U.S. contact and a man who wielded precisely the sort of influence the Pakistani banker was looking...
...prominent Arab businessmen and members of ruling families from the United Arab Emirates as proxies, Abedi and B.C.C.I. organized an attempted hostile takeover of Financial General Bankshares, a Washington bank holding company. When the Securities and Exchange Commission charged that B.C.C.I. had secretly orchestrated it, Abedi hired Clifford and Altman to represent him and his group. This felicitous combination of wealthy shareholders from oil-rich Arab countries and Washington's most famous attorney calmed regulators, who allowed B.C.C.I.'s fronts to purchase Financial General, which they renamed First American...
...Kerry's chief counsel. One provided details of B.C.C.I.'s money-laundering operations in the U.S. and Latin America. The B.C.C.I. executive described a B.C.C.I. management conference in Vienna at which Abedi openly displayed charts of B.C.C.I. holdings that included First American. This senior-level manager said Clifford and Altman were at the meeting...