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Conspiracy Nation -- Vol. 7 Num. 45

("Quid coniuratio est?")


Excerpts from Defrauding America by Rodney Stich (Book may not be available via normal methods. Phone 1-800-247- 7389 to order. Alamo, California: Diablo Western Press, 1994. ISBN: 0-932438-08-3)

[From ch. 23, "BCCI, Bank of Crooks and Criminals", pp. 410]

-+- Bribery Was Everywhere -+-

BCCI had a bribery list of U.S. elected public officials. Reference was made to this list during Congressional testimony (September 13, 1991) before the House Banking Committee, chaired by Representative Henry Gonzalez. One method reported for conveying bribes to members of Congress was through the Chicago Commodity Exchange, Chicago Board of Trade, Chicago Board Options Exchange, and the Chicago Mercantile Exchange. Money was put into commodity exchange accounts overseas under the name of a particular member of Congress. Periodically the Congressman would be informed that there was money in his account, and he was advised how he could withdraw it if he wished. Huge amounts of cash were brought into Chicago to orchestrate this scheme.

-+- Both Political Parties Implicated -+-

As in many of the scandals described within these pages, both political parties were implicated, receiving large financial contributions or bribes from the illicitly operated bank. As in the savings and loan scandal, members of Congress were handsomely rewarded for either looking the other way or obstructing any investigations. The key to continuing the corruption and harms inflicted throughout the world by BCCI was bribing the U.S. and other officials.


[From ch. 23, "BCCI, Bank of Crooks and Criminals", pp. 413]

-+- The Senate Report -+-

[The Senate Foreign Relations' Subcommittee on Terrorism, Narcotics and International Operations] issued a nearly 800-page report (October 1, 1992), accusing BCCI of using political insiders to commit fraud upon the United States on a global scale. The report stated that there exists "an elaborate corporate spider-web with BCCI's founder, Agha Hasan Abedi and his assistant, Swaleh Naqvi, in the middle." The report stated that BCCI's modus operandi throughout the world, including the United States, was bribery and subversion of government officials.

The report stated that BCCI "systematically bribed political figures around the world." Senator Hank Brown, a member of the Senate committee, stated at a news conference, "We found it was BCCI's overpowering use of the nation's political insiders like [former Defense Secretary] Clark Clifford... that permitted BCCI's secret expansion in the United States."


The report describes the financial contributions or bribes paid to various members of the U.S. Congress, including former Senator John Culver (D-Iowa) and Senator Orrin G. Hatch (R-Utah)...

Senator Hank Brown (R-CO), who was the subcommittee's ranking minority member, stated BCCI's financial contributions were so extensive that "there was not a single committee of this Congress that wanted to conduct a complete, thorough investigation."


The report stated that BCCI used political insiders such as former Defense Secretary Clark Clifford and members of Congress to commit fraud on a global scale. It described how BCCI paid members of Congress, lobbyists, and attorneys to obstruct the investigation into its terrorists and drug-money-laundering activities. The report implicated Democrats and Republicans, lawyers and lobbyists, public relations firms, Congressional staffers and former senators.

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