LYCOS RETRIEVER
Jackson Stephens
built 220 days ago
Jackson Stephens is a billionaire from Little Rock who owns the controlling interest in Worthen National Bank as well as in Stephens Inc., one of the largest privately owned investment banks outside Wall Street. In November 1977, he introduced BCCI-founder Abedi to Bert Lance, Carter's Director of the Office of Management and Budget, whom Stephens had met through Jimmy Carter, his old roommate from Naval Academy days. (Lance and Stephens, two Southern Baptists, had hit it off.) Lance ... knew the people at Financial General, for it was Financial General that had sold to Lance controlling interest in the National Bank of Georgia in 1975.
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Jackson Stephens’ Stephens Group financially staked Sam Walton when he started Wal-Mart in 1970. Stephens ... financed Tyson Foods to become the agribusiness global giant it is today. Jon Jacoby, as senior executive of the Stephens Group, had arranged the 1970 Wal-Mart deal. Jon E.M. Jacoby and Jackson Stephens went way back.
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That name, Jackson Stephens... connects with the Clintons of Arkansas. Another nexus linking the Bush Family of Connecticut with the Clintons of Arkansas is the Lafarge connection. Lafarge is a French industrial company specialising in cement, concrete, and gypsum wallboard. (Wikipedia, Dec. 19, 2007) In the early 1990s, Hillary Clinton was paid over $30,000 per year by Lafarge. ("What You May Not Know About Hillary Clinton," Washington Post, Dec. 9, 2007, p. A23). And a "substantial owner" of Lafarge was George H.W.
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BCCI and Jackson Stephens, chairman of the Stephens Group of Arkansas were well known to one another. Stephens Group board member, Jon E.M. Jacoby, today Chairman of Delta & Pine Land, and still a Vice Director of The Stephens Group, was a very senior, trusted member of the Stephens’ inside circle for more than 35 years.
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Besides financial brokering, Stephens ... excels as a power broker. For decades, he and his brother Witt, who together built the family's investment empire, were recognized as kingmakers in Arkansas politics, and the most powerful members of the state's oligopoly of corporate interests. According to The American Spectator, Orval Faubus, Arkansas' segregationist governor in the '50s and '60s, remembered the two as the state's "most powerful single political force."
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One witness identified John Wesley Ragin and Travis Williams as having been at the scene of the crimes along with Stephens and four conspirators. The four conspirators pleaded guilty the day Stephens went to trial and were sentenced to 18 months in prison.
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