Word: iranscam
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Although North has yet to tell his story to any Iranscam investigators, his memorandums are eloquent testimony to the fantastic nature of his activities. Those efforts were both macro and micro: he supervised the raising of millions of dollars in funds from South Korea and Taiwan while organizing numerous drops of munitions in Nicaragua. A hand-drawn chart that was found in North's office safe shows the complex path of money from private fund-raising organizations to various shadowy corporations. The chart suggests a link between two fund-raising organizations run by North's ally, Conservative Carl ("Spitz") Channell...
Poindexter's indulgence of North was a principal reason the Iran-contra affair went so badly astray, according to the Tower commission. Although North made himself into the point man for Iranscam's excesses, the Tower commission blames Poindexter for failing to restrain his aide in carrying out what were, after all, presidential policies. "Poindexter's own bent for operations aided and abetted rather than compensated for North," Commission Member Brent Scowcroft told TIME. "There's nothing wrong with having a 'cowboy' working for you, but you have to keep the reins tight...
...know about him as they go through the report. A born-again Christian, North replied, "I guess they ought to read the Eighth Beatitude of Matthew 5." That New Testament passage reads: "Blessed are they which are persecuted for righteousness' sake: for theirs is the kingdom of heaven." As Iranscam's investigations continue, however, North is more likely to be prosecuted for recklessness' sake...
...even loyalty has its limits. She has agreed to tell Iranscam Independent Counsel Lawrence Walsh about her NSC deeds in return for immunity from prosecution. When the deal became known last week, Hall suddenly found herself thrust into the media glare. Photographers followed her car, a red Fiero with license plates that read FAWN. David Letterman joked about her, the New York Post dubbed her "Iranscam Beauty," and pictures from her modeling days flashed across the network news shows. Said Hall: "One of my friends told me Andy Warhol said everyone will be famous for 15 minutes. I kind...
Getting to the bottom of governmental wrongdoing is something of a cottage industry in Washington nowadays. No fewer than four independent counsel -- formerly known as special prosecutors -- are conducting probes of alleged misdeeds by current and former Administration officials, most notably the Iranscam investigation led by Lawrence E. Walsh. But last week a pair of challenges cast doubt on the legal validity of those efforts...