HomeGroupsTalkExploreZeitgeist
Search Site
This site uses cookies to deliver our services, improve performance, for analytics, and (if not signed in) for advertising. By using LibraryThing you acknowledge that you have read and understand our Terms of Service and Privacy Policy. Your use of the site and services is subject to these policies and terms.
Hide this

Results from Google Books

Click on a thumbnail to go to Google Books.

Loading...

False Profits: The Inside Story of BCCI, The World’s Most Corrupt…

by Larry Gurwin

MembersReviewsPopularityAverage ratingConversations
65None329,866 (4)None
"The deception began with its name, for the Bank of Credit and Commerce International was never truly a bank. BCCI was, from the start, a monstrous fraud: behind a convincing facade, a shadowy group of Pakistani financiers and Arab sheikhs organized a criminal enterprise of unprecedented proportions. Now, in this authoritative book, two award-winning journalists tell the shocking story of how BCCI used an array of schemes to steal billions of dollars and ultimately buy political influence in the United States and around the world." "BCCI's charismatic founder, Agha Hasan Abedi, liked to speak about his bank's "moral mission." BCCI would be the first global Third World bank, a financial institution committed to aiding people in developing countries. Instead, Abedi and his allies did exactly the opposite, robbing innocent depositors of their savings, assisting dictators in the looting of their countries' treasuries, and doing a brisk business with terrorists and drug lords. With the help of Saddam Hussein, Manuel Noriega, and other notorious villains, BCCI built an empire that operated in seventy-three countries and controlled $30 billion in deposits." "But BCCI also had a political agenda: by secretly taking over the largest banking institution in Washington, D.C., and corrupting a host of powerful politicians, the bank's backers tried to influence U.S. policy in the Middle East. To the men from BCCI, Washington was a city for sale, and here for the first time are full accounts of BCCI's troubling relationships with Clark Clifford, Jimmy Carter, Orrin Hatch, and several members of George Bush's administration and family. The authors also explore the bank's ties to the murky world of intelligence, and prove that both the CIA and Saudi Arabia's intelligence agency were deeply involved in BCCI - perhaps from the beginning." "How did this criminal rampage last for nearly twenty years? Rarely was BCCI hindered by regulators or law enforcement officials; even after the bank was shutdown, investigations by the Federal Reserve and the Justice Department were sluggish at best. The authors explain why, and show that if not for the efforts of a few intrepid investigators BCCI could still be bribing its way through the corridors of power." "Peter Truell and Larry Gurwin have been on BCCI's trail for over a decade, and their book at last reveals the full scope of this horrific scandal. False Profits is a riveting story, an explosive expose, and a disturbing illustration of the ease with which our country's leaders and political institutions can be corrupted."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved… (more)
None
Loading...

Sign up for LibraryThing to find out whether you'll like this book.

No current Talk conversations about this book.

No reviews
no reviews | add a review
You must log in to edit Common Knowledge data.
For more help see the Common Knowledge help page.
Canonical title
Original title
Alternative titles
Original publication date
People/Characters
Important places
Important events
Related movies
Awards and honors
Epigraph
Dedication
First words
Quotations
Last words
Disambiguation notice
Publisher's editors
Blurbers
Original language
Canonical DDC/MDS
Canonical LCC

References to this work on external resources.

Wikipedia in English

None

"The deception began with its name, for the Bank of Credit and Commerce International was never truly a bank. BCCI was, from the start, a monstrous fraud: behind a convincing facade, a shadowy group of Pakistani financiers and Arab sheikhs organized a criminal enterprise of unprecedented proportions. Now, in this authoritative book, two award-winning journalists tell the shocking story of how BCCI used an array of schemes to steal billions of dollars and ultimately buy political influence in the United States and around the world." "BCCI's charismatic founder, Agha Hasan Abedi, liked to speak about his bank's "moral mission." BCCI would be the first global Third World bank, a financial institution committed to aiding people in developing countries. Instead, Abedi and his allies did exactly the opposite, robbing innocent depositors of their savings, assisting dictators in the looting of their countries' treasuries, and doing a brisk business with terrorists and drug lords. With the help of Saddam Hussein, Manuel Noriega, and other notorious villains, BCCI built an empire that operated in seventy-three countries and controlled $30 billion in deposits." "But BCCI also had a political agenda: by secretly taking over the largest banking institution in Washington, D.C., and corrupting a host of powerful politicians, the bank's backers tried to influence U.S. policy in the Middle East. To the men from BCCI, Washington was a city for sale, and here for the first time are full accounts of BCCI's troubling relationships with Clark Clifford, Jimmy Carter, Orrin Hatch, and several members of George Bush's administration and family. The authors also explore the bank's ties to the murky world of intelligence, and prove that both the CIA and Saudi Arabia's intelligence agency were deeply involved in BCCI - perhaps from the beginning." "How did this criminal rampage last for nearly twenty years? Rarely was BCCI hindered by regulators or law enforcement officials; even after the bank was shutdown, investigations by the Federal Reserve and the Justice Department were sluggish at best. The authors explain why, and show that if not for the efforts of a few intrepid investigators BCCI could still be bribing its way through the corridors of power." "Peter Truell and Larry Gurwin have been on BCCI's trail for over a decade, and their book at last reveals the full scope of this horrific scandal. False Profits is a riveting story, an explosive expose, and a disturbing illustration of the ease with which our country's leaders and political institutions can be corrupted."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

No library descriptions found.

Book description
Haiku summary

Popular covers

Quick Links

Rating

Average: (4)
0.5
1
1.5
2
2.5
3 1
3.5
4
4.5
5 1

Is this you?

Become a LibraryThing Author.

 

About | Contact | Privacy/Terms | Help/FAQs | Blog | Store | APIs | TinyCat | Legacy Libraries | Early Reviewers | Common Knowledge | 164,596,174 books! | Top bar: Always visible