JULY 1980 : (BILLYGATE : PRESIDENT CARTER'S BROTHER, BILLY CARTER, REGISTERS AS A FOREIGN AGENT OF THE LIBYAN GOVERNMENT, AND ACCEPTS CASH FROM THE LIBYANS FOR 'OIL SALES' HE WAS SUPPOSED TO FACILITATE) Once sober, Billy was no longer in demand on the talk-show circuit, so he turned again to his Libyan friends for financial help. In July 1980 he belatedly registered as a foreign agent of the Libyan government and admitted to receiving a $220,000 "loan" for oil sales he was supposed to facilitate. The press rushed to find out whether the president's brother had hawked his influence with the White House, and a new presidential scandal, "Billygate," was born. As Jimmy himself later admitted, "He was the president's brother, and therefore fair game." - "People & Events : Billy Carter (1937 - 1988) ", American Experience, PBS, http://www.pbs.org/wgbh/amex/carter/peopleevents/p_bcarter.html
[* My note: As history would unfold, by 2002 it was pretty clear that Jimmy's accomodating philosophy on terrorism is not unlike his brother's ]
JULY 22, 1980 : (BILLYGATE : PRESIDENT CARTER DISTANCES HIMSELF- AN ELECTION IS COMING UP) On July 22, the White House issued a statement disclosing what it knew and denying that it had interfered in the Justice Department's investigation of the matter. The president also released a personal statement saying that he did not think it "appropriate for a close relative of the president to undertake any assignment on behalf of a foreign government." While all this was basically true, a number of inaccuracies and omissions would surface in the coming days which kept the scandal alive and fueled the perception that something dirty had happened.
"In truth, the White House had concealed nothing," concludes historian Burton Kaufman. "But as [it] had to keep amending its July 22 account, there was doubt cast on Carter's forthrightness with the American people." While relatively few people doubted Carter's basic integrity, the whole thing did cast further doubts on his judgment, and what Kaufman calls his "presidential timber" in the midst of the president's uphill battle for re-election. "The damn Billy Carter stuff is killing us," complained Hamilton Jordan. It was the last thing the Carter campaign needed going into the Democratic convention in August. - "People & Events : Billy Carter (1937 - 1988) ", American Experience, PBS, http://www.pbs.org/wgbh/amex/carter/peopleevents/p_bcarter.html
...Yeah, he registered in 1980 (after he got caught) for a "loan" that he got from Libya back in 1979...