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There was little doubt last week that in his own way, Huang had played a "critical" role in the Clinton Administration. Secret Service logs leaked last week showed that besides raising more than $4 million for the Democratic Party from Asian Americans this year, he was a frequent visitor to 1600 Pennsylvania Avenue. What the records didn't explain is just what Huang was doing during all those visits. Could he have been seeking political favors for big contributors, particularly those with ties to Indonesia, the home of the multibillion-dollar Lippo Group financial conglomerate that was once Huang...

Author: /time Magazine | Title: THE CASH MACHINE | 11/11/1996 | See Source »

...Huang is only part of a suddenly visible network of agents who have acted as conduits between a cash-obsessed campaign on one side and deep-pocketed business and foreign interests on the other. The Justice Department is investigating James Wood, an Arkansas lawyer who became the first political appointee to head the American Institute on Taiwan, the unofficial U.S. embassy there. Natale Bellochi, Wood's predecessor as ait chairman, and Taiwan businessmen had reportedly informed the State Department that the Arkansan was improperly using his post to seek campaign donations for Clinton. Wood denies the charge...

Author: /time Magazine | Title: THE CASH MACHINE | 11/11/1996 | See Source »

According to Huang, who worked both for Lippo and as Stephens' vice president at Worthen, he first met Clinton when the Arkansas Governor traveled to Hong Kong on a trade mission. The two met again at the 1988 Democratic Convention in Atlanta. "A group of our friends, Asian-community people, went to attend the convention," Huang said last week in a deposition taken in a civil suit against the Commerce Department brought by Judicial Watch, a nonprofit conservative group investigating Democratic fund-raising practices. "So in one of the hotel lobbies we shake hands, and that...

Author: /time Magazine | Title: THE CASH MACHINE | 11/11/1996 | See Source »

...Huang became a fund raiser for Clinton's presidential campaign. "I was helping out to drum up Asian-community support," Huang said in the deposition. He volunteered for the job, he said, because Clinton "had been a friend to us since the Arkansas time, [and] we feel obligated to help a friend." But Huang added that his politics could be bipartisan. "I gave money," he said, "to the Republicans also...

Author: /time Magazine | Title: THE CASH MACHINE | 11/11/1996 | See Source »

...Huang was moving seamlessly from his role as vice chairman of a Lippo Group bank in California to become a specialist in Asian trade for the Commerce Department. As a going-away gift from Lippo, Huang received $780,000 in salary and bonuses just before joining the government...

Author: /time Magazine | Title: THE CASH MACHINE | 11/11/1996 | See Source »

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