Conspiracy Nation -- Vol. 5 Num. 48

("Quid coniuratio est?")


I grabbed the following off alt.conspiracy. Note that the author does not mention his source for the information, as to whether it was published somewhere, or whatever. It also has a "to be continued", and I will try to grab further posts and forward them. The information, if accurate, does tend to support statements made by Sherman Skolnick.

Note that I neither necessarily agree nor disagree with either all or parts of the following. Persons mentioned are invited to send their rebuttals, of reasonable length, to for probable distribution.

-- Brian Francis Redman, Editor-in-Chief

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          Allegations Regarding Vince Foster, the NSA, and 
                 Banking Transactions Spying, Part IV

                        by J. Orlin Grabbe
        In an April 5, 1995, letter to Michael Geltner (10 E Street, 
        S.E., Washington, D.C. 20003)--an attorney for Agora, Inc.-- 
        Charles O. Morgan asserts;

           "6. Webster Hubbell never served as an attorney or in any
           other capacity for ALLTEL Corporation, or for any of its
           operations or subsidiaries, other than a single instance in
           1983, when Systematics, Inc., engaged Mr. Hubbell to pursue
           a competitor that was using Systematics, Inc.'s propriety
           software without authorization; ..."

        In his admirable zeal to defend his client Systematics,
        Mr. Charles O. Morgan apparently forgot to do any research
        regarding the allegations he was denying.  For his denial
        is mistaken.  Web Hubbell (along with Hillary Rodham Clinton)
        represented Systematics in a 1978 lawsuit.

        In 1978 Jackson Stephens tried to take over Financial General
        Bankshares (FGB) in Washington, D.C.  (FGB was later acquired
        by BCCI, renamed First American, and run by Robert Altman and
        Clark Clifford.  Robert Altman was later acquitted of mis-
        leading regulators, and the case against Clifford was dropped
        due to his age and infirmity.)  In the Stephens' takeover
        attempt, FGB sued--among others--Systematics.  Briefs for
        Systematics were submitted by C.J. Giroir, Web Hubbell, and
        Hillary Rodham Clinton.

        The essential details may be found in the article "Who is
        Jack Ryan?" (Wall Street Journal, Monday, August 1, 1994):
           "Attorneys for Mr. Clifford and Mr. Altman included
           independent counsel Robert Fiske and Deputy Attorney
           General Jamie Gorelick, as well as Robert Bennett,
           president Clinton's attorney in the Paula Corbin
           Jones case.  And, of course, Arkansas investment 
           banking giant Stephens Inc., which says all connect-
           ions with the BCCI front men ended in 1978, does
           acknowledge it handled their initial brokerage for the

           "Indeed, in the early takeover maneuvers Financial 
           General Bankshares, First American's predecessor
           company, brought a 1978 lawsuit naming 'Bert Lance,
           Bank of Credit & Commerce International, Agha Hasan
           Abedhi, Eugene J. Metzger, Jackson Stephens, Stephens
           Inc., Systematics Inc. and John Does numbers 1 through
           25.' The suit was ultimately settled, but intriguingly,
           briefs for Systematics, a Stephens property, were
           submitted by a trio of lawyers including C.J. Giroir 
           and Webster L. Hubbell and signed by Hillary Rodham."

        First American was subsequently used by the CIA to manage
        and launder money for covert operations.  As noted in a
        U.S. Senate report:

           "After the CIA knew that BCCI was as an institution a
           fundamentally corrupt criminal enterprise, it continued
           to use both BCCI and First American, BCCI's secretly
           held U.S. subsidiary, for CIA operations. ...

           "Kamal Adham, who was the CIA's principal liason for
           the entire Middle East from the mid-1960s through 1979,
           was the lead frontman for BCCI in its takeover of First
           American, was an important nominee shareholder for BCCI,
           and remains one of the key players in the entire BCCI
           affair." (Senator John Kerry and Senator Hank Brown,
           The BCCI Affair: a Report to the Committee on Foreign
           Relations, United States Senate, GPO, December 1992.)

       The Arkansas connection to CIA covert operations and First
       American may help explain why "independent" counsel Robert
       Fiske failed to find much evidence of wrong-doing in his
       investigation into Whitewater.

       And perhaps it also helps explain why Charles O. Morgan does
       such sloppy research, for as we have seen, Web Hubbell 
       represented his client Systematics Inc. five years prior to 
       the "single instance in 1983" that Charles O. Morgan claims.  
       Does Charles O. Morgan have a blind spot where intelligence 
       activities are concerned?  
       Surely he has thought about the issue, for in his April 5, 
       1995, letter to Michael Geltner, Morgan sweepingly asserts:

         "4.  None of ALLTEL's operations or subsidiaries has ever
         had any connection in any capacity with the Central
         Intelligence Agency, the National Security Agency, or any
         other similar agency in the United States Government; ..."

      How can Charles O. Morgan possibly know this about his client,
      given that he doesn't even know about that Systematics Inc.
      was a defendent in a lawsuit brought by Financial General
      Bankshares, or that Systematics was involved in a takeover
      attempt of FGB/First American even prior to BCCI's?  The    
      BCCI affair was hardly a minor political story.
      So what does Charles O. Morgan deny about Vincent Foster? 
      James R. Norman, Senior Editor at Forbes, writes:

         "Vince Foster a spy?  Actually, it is much worse than
         that, if the CIA's suspicions are confirmed by the
         ongoing foreign counterintelligence probe.  He would
         have been an invaluable double agent with potential
         access to not only high level political information, 
         but also to sensitive code, encryption and data
         transmission secrets--the stuff by which modern war
         is won or lost.  That is because for many years,
         according to nine separate current and former U.S. law
         enforcement or intelligence officials, Foster had been
         a behind-the-scenes manager of a key support company
         in one of the biggest, most secretive spy efforts on
         record:  the silent surveillance of banking transactions 
         both here and abroad."  (James R. Norman,

[to be continued]

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Brian Francis Redman "The Big C"

Coming to you from Illinois -- "The Land of Skolnick"