From: [EMAIL PROTECTED] In a message dated 3/7/2000 7:06:01 PM Central Standard Time, [EMAIL PROTECTED] quotes Linda Minor, who quotes Reed-Cummings "Compromised" as follows: << 1. A trusted courier (such as Lasater) deposits the cash in a bank or banks (like Worthen) under various corporate names. No federal banking attention is drawn to the deposits since the banker (like Stephens) waives the requirement of filling out the CTR's. 2. ADFA attracts a "preferred client" (CIA Proprietary) in need of a "loan." This client can be a firm or individual from within the state, which is involved with this secret group (i.e. POM and MRL) or even an out-of-state corporation (i.e. Lasater's Angel Fire project in New Mexico), since ADFA's charter allows it to underwrite business outside Arkansas. 3. The financial banking firm (Stephens & Co.) announces it is seeking capital to underwrite a bond isue to develop the money needed for the "loan." The bonds will be guaranteed by the state since ADFA will be the issuer, thereby eliminating the SEC scrutiny of the "buyers" (Lasater's fake corporations) of the bonds, and reducing or eliminating the collateral requirements needed by the "client." 4. Lasater announces that he has "sold" the bonds to various customers (Lasater's fake corporations which have large cash reserves on deposit at the Stephens bank). 5. ADFA handles all the paperwork and contracts at the time of loan "closing," becomes the guarantor (co-signer) of the loan, and retains the right to "sell" the entire loan package to another financial institution in the future, if it wishes. 6. Lasater's customers (his fake corporations) issue checks to Stephens & Co. earmarked for this bond issue. Stephens issues a check to ADFA in order to buy the bonds for Lasater's customers, after deducting commissions (clean money) on the transaction for his firm (Stephens & Co.) and Lasater's (Lasater & Co.). The bond certificates are then issued and are held by Lasater's "customers" as security and collateral. 7. ADFA issues a check to the "client" (the CIA proprietary) and it builds or buys whatever it needs in order to comply with the conditions of the loan. 8. The "client" puts the purchased equipment to use and creates a positive cash flow as any legitimate business would and makes monthly payments in order to retire the bonds. The principal and interest received by the lender ("lasater's customers) is clean. 9. At any point during the life of the loan, ADFA is free to find a "buyer" for the entire loan package, retire the debt owed to Lasater's customers and distance itself from the "client's operation" if the CIA wants to "sell off" the assets. >> Much of this is correct, some is not. Two observations: (A) The only check ADFA ever wrote (according to Norma Rowell -- former Pres. of the Ark. private investigator's guild, and whom I hired when doing research for my book "Circle of Death: Clinton's Climb to the Presidency") was to Park-O-Meter, Inc. ("POM"), which was owned by Seth Ward (Webb Hubbell's father-in-law), in the principal amount of $2.5 million. At the time, Webb Hubbell was on the Board of Directors of POM. ADFA was in the business of underwriting or guaranteeing loans. (B) Worthen Bank was rarely involved in the money-laundering schemes, because its president and CEO (Jackson Stephens), and controlling shareholders at the time (Jackson Stephens and Mochtar Riady -- of the Lippo Group) were too smart for that. Plus, Worthen was under a lot of scrutiny by the FHLBB and FDIC, as was Madison Guaranty Savings & Loan (substitute the FSLIC and then, later on the RTC, for the FDIC in the case of Madison, as it was an S&L, not a bank). The Arkansas banks that were involved in money laundering, and which allowed Barry Seal, et al., to "smurf" black money, were the Bank of Kingston, the Bank of Cherry Valley, the Perry County Bank, FirstSouth of Pine Bluff, the Bank of Paragould, and the Union Bank of Mena. You may recall that the president and CEO of the Perry County Bank and the Bank of Cherry Valley, pleaded guilty in 1996, to wire fraud and violations of the Bank Secrecy Act of 1970 (that's the federal law that requires the filing of currency transaction reports [CTRs] with the IRS, when someone deposits cash in excess of $10,000) during the Whitewater criminal investigation. The other guys hired high-powered lawyers, including the Washington, D.C., firm of Clifford & Warnke (Clark Clifford's firm), to defend them. They pleaded to lesser-included offenses. But I think it's even more interesting to note the following: Little Rock "bond daddy" Dan Lasater (Clinton's mother's boyfriend) seems to have had his fingers in more pies than most of us will ever know. Most of you know that Lasater was a key cog in the Arkansas-CIA-Mafia drug trade in the '80s. In 1985 he rented an apartment at the Vantage Point in Little Rock, for Roger Clinton (Bill's brother). There, the two held riotous coke-snorting parties almost every night, most of which were attended by college (and even some high school) co-eds, as well as the Governor (Bill). The "Bill's got a nose like a vacuum cleaner" quote, attributed to Roger, came from one of the attendees of one of those parties, and was communicated to one of Arkansas' finest, who later repeated it to "The American Spectator." Eventually, Lasater and Roger C. got busted on coke charges. Roger did his time in a half-way house. Lasater wasn't so lucky. He went to the federal slammer for several months. Bill pardoned Lasater in 1990. During Lasater's absence, his bogus bond brokerage was run by his right-hand gal, Patsy Thomasson. When Lasater returned from jail, his business changed names from "Lasater & Company, Inc.," to "Phoenix Mortgage, Inc." (Phoenix, as in mythology, as in "rising from the ashes"). We could spend days talking about this, but -- to make a long story longer ... When Bill got elected, he brought a motley crew of Arkansans with him to Washington, including Webb Hubbell, Vince Foster, and, last but not least, Patsy Thomasson (huh?). Ms. Thomasson, who, ostensibly, had done nothing but deal with negotiable paper all her adult life, was suddenly, and inexplicably named "Chief of Administration" at the White House. That meant she was in charge of security. How convenient. This same Ms. Thomasson, as Chief of Administration, is one of the three people who went rifling through Foster's files the night of his death, and who helped Bernie Nussbaum decide which documents would be most incriminating vis-a-vis the First Couple. BUT WAIT, THERE'S MORE. Nah. That's enough for now. Odom ------------------------------------------------------------------------ GET A NEXTCARD VISA, in 30 seconds! Get rates as low as 0.0% Intro APR and no hidden fees. Apply NOW! http://click.egroups.com/1/975/2/_/475667/_/952537950/ ------------------------------------------------------------------------
