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...details continue to leak out about the way the insider-trading ring was discovered, starting with the exposure of Levine. The investment banker's covert role began to surface as far back as May 1985, when an anonymous letter from Caracas to the giant Merrill Lynch investment house alleged trading irregularities on the part of two of the company's employees in Venezuela, both of whom have since left the firm. In tracking down the accusation, Merrill Lynch authorities discovered that their employees' actions mirrored trades ordered through an account at the Bahamas branch of Switzerland's Bank Leu International...

Author: /time Magazine | Title: Going After the Crooks | 12/1/1986 | See Source »

Even as the tales of covert diplomacy continued to emanate from Washington, Tehran and elsewhere, the debilitating and indecisive six-year-old war between Iran and Iraq dragged on. Twice last week Iraqi warplanes struck deep into Iran, hitting first a petrochemical complex at the port of Bandar Khomeini and then an oil refinery and a power station in Isfahan. In response, Tehran Radio announced that Iranian artillery units would retaliate by shelling targets in southern Iraq. The station warned Iraqi civilians to evacuate Basra, Iraq's second largest city, as well as Umm Qasr, at the head...

Author: /time Magazine | Title: Iraq Noisy Threats, Silent Guns | 11/24/1986 | See Source »

Wright said Casey assured members of the House Intelligence Committee that there are no other cases in which the CIA has been ordered to withhold information about a covert operation from Congress...

Author: NO WRITER ATTRIBUTED | Title: House Leader: Iran Paid $12M for Missiles | 11/22/1986 | See Source »

...self-defeating to trade arms for hostages because this leads to more hostage-taking. On a broader level, this kind of covert dealing undermines the moderates" in the Middle East, she said...

Author: By Jonathan S. Leff, | Title: Arms Deal With Iran Criticized by Experts | 11/12/1986 | See Source »

ASSISTANT ATTORNEY General William Bradford Reynolds has decided that the Reagan Revolution has not extended far enough into the judiciary. In a speech at the University of Missouri last month, Reynolds indicated that the Administration's covert war on liberal judges was a thing of the past. Instead, he began a direct frontal assault...

Author: By Gary D. Rowe, | Title: Unprecedented Attack | 10/20/1986 | See Source »

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