disinfozone/The_Info_Web
1
0
Fork 0
Code Issues Pull requests Projects Releases Packages Wiki Activity Actions

vault backup: 2026-09-21 18:07:25

Browse source
This commit is contained in:
disinfo.zone 2026-09-21 18:07:25 -04:00
parent 7ac5d56ba1
commit 269d7818d3
No known key found for this signature in database
447 changed files with 864 additions and 826 deletions
Download patch file Download diff file Expand all files Collapse all files

2
10 - PEOPLE/(N-S)/Jackson Stephens.md
View file

@ -29,7 +29,7 @@ In 1977 Stephens Inc. held 268,400 shares, 4.9 percent, of [[Financial General B
Abedi retained Metzger at a Hilton hotel in Washington on November 30. The purchases for the bank's clients were run from day to day by [[George H. Davis]], "an officer of Stephens, Inc.," who was authorized to buy up to 10,000 shares a day so as not to move the price. The stock was placed in an account at Stephens Inc. opened under the name "Eugene J. Metzger, Agent," in the court's words "to shield the identity of the BCCI principals." On January 6, 1978, Stephens Inc. sold 70,000 of its own shares into the accumulation, which by the end of the month held nearly 20 percent of the votes. When the bank's officers were first asked, they "flatly denied making any purchases."[^2][^3]
Financial General sued on February 17, 1978, naming Lance, the bank, Abedi, Metzger, Stephens, Stephens Inc., and Systematics. The investors added in March were [[Kamal Adham]], described by the court as a minister of the Saudi government, [[Faisal Saud al-Fulaij|Faisal Saud]] al-Fulaij of [[Kuwait]], the crown prince of [[Abu Dhabi]], his younger brother, and the financial adviser to their family. Systematics was dismissed on March 22. [[Hillary Clinton|Hillary Rodham]] of the [[Rose Law Firm]] did legal work for it in the case. On March 18 Stephens and the other defendants consented to permanent injunctions in a separate suit by the [[Securities and Exchange Commission]], No. 78-0469. The court granted Stephens summary judgment on July 20, 1978. The remaining defendants settled in 1980, and the tender offer went through. "The [[Middle East|Middle Eastern]] investors are in control of Financial General Bankshares," the court of appeals noted in 1982. The company was renamed [[First American Bankshares]].[^2][^3]
Financial General sued on February 17, 1978, naming Lance, the bank, Abedi, Metzger, Stephens, Stephens Inc., and [[Systematics]]. The investors added in March were [[Kamal Adham]], described by the court as a minister of the Saudi government, [[Faisal Saud al-Fulaij|Faisal Saud]] al-Fulaij of [[Kuwait]], the crown prince of [[Abu Dhabi]], his younger brother, and the financial adviser to their family. Systematics was dismissed on March 22. [[Hillary Clinton|Hillary Rodham]] of the [[Rose Law Firm]] did legal work for it in the case. On March 18 Stephens and the other defendants consented to permanent injunctions in a separate suit by the [[Securities and Exchange Commission]], No. 78-0469. The court granted Stephens summary judgment on July 20, 1978. The remaining defendants settled in 1980, and the tender offer went through. "The [[Middle East|Middle Eastern]] investors are in control of Financial General Bankshares," the court of appeals noted in 1982. The company was renamed [[First American Bankshares]].[^2][^3]
### Worthen and Lippo