The Eastern Arm of Iran-Contra
Published on Oct 17, 2012
Continued: In a series of mysterious events, Reed was charged with mail fraud for claiming insurance for an aircraft that was used by The Enterprise network (Iran-Contra) under Operation Donation. Reed, who was eventually acquitted of the charges, was picked up by the FBI after the missing plane was discovered in the Mena hanger where Reed had put the plane at Cooper's suggestion. The discovery was made by Clinton's security chief Buddy Young. Young testified that his discovery of the stolen plane was coincidental, an assertion federal Judge Frank Thiel said was unsupported by the facts.
Reed was charged with mail fraud for collecting insurance on the plane, but the CIA prevented prosecutors from releasing information they called "top, top secret," about the Rodriguez-North, Southern Air Transport connection. In November 1990, the prosecution admitted they couldn't prosecute Reed without the secret documents and Judge Thiel ordered Reed acquitted on all of the charges.
Allegations of Governor Bill Clinton's extra-marital sexual exploits originated with a 1990 lawsuit by Larry Nichols, a former Arkansas state employee. Nichols was fired by Clinton in 1988 after reporters discovered Nichols had been lobbying on behalf of the Contras from his office as head of the Arkansas Development Finance Authority.
The suit claimed that Clinton had lied when he said Nichols was fired because he was phoning the Contras directly from his state office. Nichols claimed he only called Washington to lobby on behalf of the Contras. In the suit, Nichols also revealed the affair between Clinton and office secretary Gennifer Flowers.
The suit was dropped by Nichols on January 25, 1992, after Gennifer Flowers went public with her story of the affair. Nichols told reporters that he decided to drop the suit after meeting with Clinton security chief Buddy Young- the same man who found Terry Reed's missing Piper aircraft at the Mena airport.
According to Arkansas Committee researcher Mark Swaney, Nichols said that Young had told him he was a "dead man." prompting Nichols to drop the suit. In public, Nichols says he dropped the suit because "the media have made a circus out of this thing and it's gone way too far."
In court documents recently released by Manhattan District Attorney Robert Morgenthau, it has been revealed that Jackson Stephens, a billionaire banker in Little Rock, Arkansas, and one of presidential candidate Bill Clinton's main supporters, may have played a key role in setting up the illegal purchase by the Bank of Credit and Commerce International (BCCI) of two American banks.
Both First American National Bank, the largest bank in Washington DC, and Georgia National Bank, were purchased by BCCI front man and Stephens business associate Gaith Pharon. Stephens' family bank, the Worthern National Bank,recently extended a two million dollar loan to the Clinton campaign.
Stephens, who is an avid golfer and chairman of the prestigious Masters Tournament Committee, is named in the court records as having brought Pharon together with Stephens' close friend Bert Lance. Lance was a former cabinet official under President Jimmy Carter who was forced to resign due to a banking scandal.
According to newspaper reports, BCCI founder Agha Hasan Abedi was introduced to Lance by Stephens. Stephens, Lance, and First American Bank director and longtime Democratic party power broker Clark Clifford all maintain that they did not know the group of Pakinstani and Saudi investors headed by Pharon, which they were dealing with, were actually fronting for BCCI. Clinton's staff has refused to comment.
UK Thames TV documentary from 1988, on the CIA, drugs and Panama. This is edited "for copyright reasons":
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