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Jimmy Carter linked to oil-for-food scam!
WorldNetDaily.com ^ | January 20, 2005 | WorldNetDaily.com

Posted on 01/20/2005 12:00:57 AM PST by Ramtek57

Edited on 01/20/2005 12:11:53 AM PST by Sidebar Moderator. [history]

Former President Jimmy Carter has been linked with a key figure in the U.N.'s oil-for-food scandal by the group leading the nationwide effort to evict the United Nations from American soil and halt U.S. funding of the U.N.

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=42464


TOPICS: Breaking News; Crime/Corruption
KEYWORDS: avaricious; ayatollahs; billybeer; braindonor; carter; chineseruncanal; crackercommie; crisis; disasters; dufuscarter; foreignpolicy; gobacktocuba; good4nuthin; goofyassclown; habitatforcorruption; hostage; imbecile; iran; jimmahcahtah; jimmuhcahtuh; jimmy; jimmycarter; khomeini; littleidiot; lustedinhisheart; malaise; masochism; miseryindex; moveamericaforward; oilforfood; onthetake; panamacanal; peanutbrain; peanutfarmer; peanutpinko; proabortionist; revolution; samirvincent; shah; traitor; un; usefulidiot; usefulsocialist
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To: Grampa Dave

I read an article here a few months back claiming Carter was trying to extort money on a business deal from the Shah of Iran. When The Shah told him to shove it, Jimmah aided in the Shah's fall. Carter is a scumbag of the worst kind.


261 posted on 01/20/2005 11:07:36 AM PST by Hell to pay
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To: Dog
Did I call this.....hmmmmmm.

Yes you did *L*

262 posted on 01/20/2005 11:11:59 AM PST by Mo1 (Liberty will come to those who love it)
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To: Hell to pay

I believe that data came from members of the Shah's family and state department people who weren't controlled by Carter.

He is as you noted, the worse of the left wing Scumbags!


263 posted on 01/20/2005 11:13:50 AM PST by Grampa Dave ( The MSM has been a weapon of mass disinformation for the Rats for at least 4 decades.)
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To: Peach
This is so unsurprising and yet devilishly delicious to think of Carter losing a little of his star power.

I like had Jimmy won't comment on this matter *L*

264 posted on 01/20/2005 11:14:31 AM PST by Mo1 (Liberty will come to those who love it)
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To: Ramtek57

I have to say this is the best news I have heard in years.


265 posted on 01/20/2005 11:33:46 AM PST by satchmodog9 (Murder and weather are our only news)
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To: Ramtek57

Thanks for posting. Needs another bump.


266 posted on 01/20/2005 11:35:41 AM PST by FR_addict
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To: Grampa Dave; Liz; Dog Gone; Southack
"The arrogant MSMediots"

Evidently you din't git the DNC fax memo!!!

The bilious buzzword for the day in Demoland is... HUBRIS!!!

Therefore, your adjective should be "Hubris filled," rather than "arrogant!" (grin)

267 posted on 01/20/2005 11:37:31 AM PST by SierraWasp (Moderates, are just too chicken to commit to any ideal!!! They prefer sophisticated sophistry...)
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To: Ramtek57

Oh how I wish they would nail that smirking hypocrite Carter on the Oil-for-Food thing.

He hasn't been sucking up to the world's commies and tyrants for nothing. There's always a quid-pro-quo.

Rotten stinking Commie posing as a Christian.

The devil is sharpening his pitchfork for when Peanut-man kicks the bucket.


268 posted on 01/20/2005 11:38:48 AM PST by Palladin (Proud to be a FReeper!)
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To: Ramtek57

Peanut Oil for peanut butter, perhaps!

Face it, Jimmuh is not smart enough or hip enough to have gotten involved with these parasites.


269 posted on 01/20/2005 11:39:41 AM PST by Rockitz (After all these years, it's still rocket science.)
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To: Rockitz

It is amazing to think that someone this naive could have been elected President of the United States.

Makes me even more grateful that Reagan came around and got him out of the White House before he did any more damage.


270 posted on 01/20/2005 11:42:55 AM PST by RWGuy
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To: Ramtek57
How is this any worse than all of Jimmy's gaffes and open commie-loving while in office? Those were committed in broad daylight and didn't seem to merit any punishment at the time. Add another crime to the list and he goes on selling his books... *sigh*
271 posted on 01/20/2005 11:44:34 AM PST by TChris (Most people's capability for inference is severely overestimated)
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To: RWGuy
In the twilight of his life, Jimmuh's desperately attempting to counter the preponderance of evidence that he was, in fact, the worst president of the 20th century.
272 posted on 01/20/2005 11:52:06 AM PST by Rockitz (After all these years, it's still rocket science.)
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To: Calpernia; snowsislander

You may want to check this out

http://www.freerepublic.com/focus/f-news/1304541/posts

I had a suspicion at the time something was brewing but didn't know what, maybe this is it.


273 posted on 01/20/2005 11:52:45 AM PST by flitton
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To: Ramtek57
Nobel Peace prize winnersJust how "comfy" is the Nobel Committee with the UN, Carter and Kofi?
274 posted on 01/20/2005 12:12:19 PM PST by syriacus (Title as Queen of the BOXER SNORTS goes to Sen. Babs for her performance on 1/19/2005)
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To: flitton
As I thought: there are indeed people who have far better command of the details of BCCI than I do right here on Free Republic. ;-)

Feeling inspired, I found what appears to be a 9 year-old article from the Guardian (so take it with a grain of salt):

                  Copyright 1996 Guardian Newspapers Limited  
                                  The Guardian
                              December 14, 1996
SECTION: THE GUARDIAN CITY PAGE; Pg. 22
LENGTH: 2534 words
HEADLINE: UNRAVELLING A GLOBAL COBWEB;
The BCCI inquiry threw Stephen Akers into rather murky waters. But he can't be
bothered with a bodyguard, PATRICK DONOVAN discovers
BYLINE: Patrick Donovan
 BODY:
 
WHEN someone knows as much about the murky finances of the world's top
cocaine barons and arms dealers as Stephen Akers does, one is probably
entitled to feel concern about one's personal safety.

Ever the down-to-earth accountant, 42-year old Mr Akers can't be doing with
the bother of a full-time bodyguard. But he does a dmit that he goes through
phases of checking for sinister packages under his car.  And he parries
questions about whether his home (somewhere in Buckinghamshire is the closest
he'll go) is linked up with a hot line to the police with a wry "no comment".
But then this is the price you pay for leading the 500-strong army of Deloitte
& Touche accountants who for the past five-and-a-half years have devoted
themselves to unravelling the biggest and most audacious fraud in the history
of world banking: the collapse of the Abu Dhabi-based Bank of Credit and
Commerce International.

Costing $ 1 million a week in travel and hotel expenses alone, these
battalions of highly paid auditors crawled through more than 150 million
documents. This week it was announced that the bank's 25,000 creditors are to
be repaid almost 25p in the pound on everything they lost.

It was an operation which created its own esprit de corps, like the regular
quiz evenings at a local City pub packed out with everybody on the BCCI team.

There was a hefty personal price to pay, even though some of the young single
accountants took advantage of being thrown together for long periods in often
exotic locations with members of the opposite sex. At least a dozen
relationships have been one of the byproducts of the BCCI affair.

But for family men like Mr Akers it has clearly been a gruelling five years of
skimped holidays, jet lag and hotel dinners watching CNN.  As he thinks back
on how his life changed on July 5, 1991 (when BCCI came crashing down), Mr
Akers gratefully acknowledges that in Jane he has a very supportive wife. For
from that date he spent most of his life on aeroplanes, leaving little time
for his children, Nicola, 11, and Richard, aged eight.

THE drama began to unfold just before lunch at Heathrow's Penta Hotel. Mr
Akers is hardly likely to forget it. Joining the firm after studying maths at
Leicester University, Mr Akers quickly rose to become one of Deloitte's
youngest partners, specialising in corporate recovery. He quickly established
a reputation in the textiles business, and there were ripe pickings as
Britain's industry tipped into recession. And he had arrived at the regular
partners' meeting to talk shop, schmooze with colleagues and no doubt chew
over office politics.

Fat chance. A call came through from the Bank of England. It was picked up by
the lead partner, Brian Smouha, who was immediately asked to take over BCCI as
provisional liquidator.

Within a couple of hours Mr Akers and four hand-picked colleagues were in a
taxi back to central London. And just about to start work on a task which
would take over their lives and that of 500-plus colleagues.

The scale of the crisis became apparent as soon as the Deloitte team
commandered an office in BCCI's London headquarters at 70 Leadenhall Street.
There was the misery of depositors confronted with a worldwide freeze on their
deposits. Mr Akers tells the story of a woman tourist who had arrived on the
day the bank shut to change a hefty wedge of traveller's cheques to finance
her stay in London. Told this might take a little time, she was advised to
come back later. Unfortunately, when she returned, the entire BCCI network had
been closed down. And a Barlow Clowes victim put all his compensation into the
bank just before its assets were frozen.

Customers were traumatised. Staff were running around like frightened rabbits.
 This bank, which after all had representation in 60 countries, still had
potentially financially catastrophic postions open in some of its activities
such as trade finance. To complicate matters, Mr Akers and his staff had
discovered that one of their adjoining offices at BCCI had been taken over by
the intelligence services. Polite inquiries were met with the flash of a
warrant card and the order to get out.

Worse still, Deloitte could not even trust the BCCI staff. "The bank had got
1,200 employees. Because of the scale of the accusations, we didn't know who
we could rely on among the staff. We couldn't take that risk. We had to
replace them with our people or from clearing banks."

From the start, it was a case of logistics. A "war room", open 24 hours a day
to co-ordinate worldwide developments was established on the first floor of
BCCI's head offices.

Travel expenses began to rise as a handful of partners flew out Club Class to
stay at the Inter-Continental in Abu Dhabi to try to get access to the BCCI
headquarters. Accountants had to negotiate their way past armed guards. And
BCCI initially prevented them from removing files.

The investigation, which has cost the almost unimaginable sum of $ 200
million, spread to 130 countries. "From the very start we knew the bank was
riddled with fraud," says Mr Akers. "There was a very strong smell of fraud
and connections with drug money."

AS the web of international intrigue widened, Deloitte found itself in contact
with the police and other agencies such as the National Drugs Intelligence
Unit, also interested in investigating BCCI. "We were told by Robert
Morganthau, District Attorney of New York, that this bank was rotten," he
says.

But the big breakthrough came in the first year.  The key was organisation, co
-ordinating the hundreds of accountants around the world. From the London
headquarters which operated a daily "prayers meeting" at 8am, staff were
divided into a dozen task forces headed up by a Deloitte partner. Functions
spanned loans, treasury, information technology (BCCI used a mainframe system
which was rejected as unsafe by clearing banks a decade before), trade finance
and forensic.

The forensic division came up trumps, discovering a huge web of suspect loans
to the Gulf Shipping Group, which had itself been looked at by the Serious
Fraud Office. Such was the scale of the $ 1.5 billion exposure to Gulf that
the loans were more than the bank's entire share capital.  At the same time,
Deloitte was fighting to get its hands on BCCI's US assets. This resulted in
the farcical situation of Deloitte having to plead guilty in court to charges
including assisting terrorism and money laundering in order to be given
control of half the bank's North American interests.

Within the first two years, progress really came on apace as the mountain of
150 million documents was wired up to a computer system: a phenomenally
time-intensive process with about 100 people carrying out the indexing.

But as the extraordinary saga draws to a close, Mr Akers reflects that several
shadowy characters have slipped through the net. Like the elusive Saudi,
Ghaith Pharoan, who at one point had the US Sixth Fleet on his tail when he
was rumoured to be on the run in a yacht in the Mediterranean. Or the identity
of the thousands of BCCI depositors who have yet to lay claims to outstanding
funds worth $ 1 billion.

Mr Akers now has more time to coach his son's football team, the Chesham
United Under 9s. But he accepts that if the same opportunity to carry out such
a wide-ranging fraud came along, he'd probably be ready to do it all over
again.

	New readers start here

	* Pakistani banker Agha Hasan Abedi founds BCCI in 1972 to act as bridge
	between the first and the third world. It is incorporated in Luxembourg
	and has headquarters in London. Within a year it has six offices.

	* By 1975 BCCI has expanded to 146 branches in 32 countries with assets of
	$ 2.2 billion and $ 113 million in capital. It is the largest
	foreign-owned bank in the UK.

	* Black holes start appearing in accounts in 1977. The following year the
	Bank of England refuses a full banking licence.

	* By the early 1980s BCCI has become the preferred bank for customers who
	require a discrete service including the CIA, Colombian drugs cartels,
	arms smugglers and various third world dictators.

	* By the mid-eighties, there is gathering evidence of financial
	irregularities, corruption and criminal involvement. A 1985 Price
	Waterhouse audit of Cayman Islands offshoot highlights loan irregularities
	and an internal CIA report from 1986 shows the agency knew the bank was
	corrupt.

	* By 1990 the cracks are showing. In March a PW audit suggests hundreds of
	millions are missing. Sheikh Zhahed, ruler of Abu Dhabi, ups his stake to
	77 per cent. In November, founder Abedi and chairman Swaleh Naqvi are
	sacked.

	* In March 1991 the Bank of England asks PW to carry out a Section 41
	inquiry.  They find evidence of massive fraud. The bank is wound up in
	July with liabilities of $ 14 billion. In submission to the winding up
	hearing, the Bank of England says '(BCCI) may never have been profitable
	in its entire history'.

	* The first creditors' agreement was initialled in 1992, but blocked by an
	appeal. A second agreement in 1994 was also blocked by the appeal of four
	former employees. The appeal was withdrawn later and the courts approved
	the payout.

	* December 1996: payouts to creditors begin. 


275 posted on 01/20/2005 12:16:48 PM PST by snowsislander
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To: Dallas59
"I vote for gullible. Very gullible."




Adnan Khashoggi

Gullible? Really?

276 posted on 01/20/2005 12:18:53 PM PST by hoot2
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To: Ramtek57
"Did President Carter know he was dealing with an agent of Saddam Hussein or was he just terribly gullible?" asked Morgan.

Yes!

277 posted on 01/20/2005 12:38:00 PM PST by TigersEye (Intellectuals only exist if you think they do.)
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To: Ramtek57

bump


278 posted on 01/20/2005 12:40:54 PM PST by RippleFire ("It was just a scratch")
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To: TigersEye
At one time I thought that Jimmah was an incredibly gullible, but moral man.

Those days are gone.

Carter is pond scum.

Whether he is himself an evil man is an academic question..its a moot point. He has demonstrated time and time again to be an agent or enabler of evil. So I classify him as evil.

I hold him in lower regard than Clinton.
279 posted on 01/20/2005 12:42:32 PM PST by Dat Mon (will work for clever tagline)
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To: flitton

bumping your link!


280 posted on 01/20/2005 12:47:11 PM PST by Calpernia (Breederville.com)
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