The investigation of Clark Clifford and Robert Altman, the pair who fronted–unwittingly, they say–for BCCI’s takeover of First American Bankshares. Prosecutors say they now have documents showing that questionable BCCI stock deals with foreign insiders were similar to deals that yielded Clifford and Altman a $9.8 million profit (they deny any wrongdoing).
The probe of three wealthy U.S. businessmen who allegedly profited from BCCI deals.
The investigation of BCCI’s ties to a bank implicated in making fraudulent loans to Iraq. An official of the Banca Nazionale del Lavoro’s Georgia office has been indicted, but investigators now say BNL’s New York and Rome offices may also be involved.
