◆ SpookStack

Declassified Document Archive & Reader
Log In Register
Reader Ad Slot
Reader Ad Slot placeholder
If you would like to support SpookStack without paying out of pocket, please consider allowing advertising cookies. It helps cover hosting costs and keeps the archive free to browse. You can change this choice at any time.

Billy Carter — Part 7

20 pages · May 08, 2026 · Document date: Apr 29, 1980 · Broad topic: Politics & Activism · Topic: Billy Carter · 20 pages OCR'd
← Back to feed
wes months of records were misplaced earlier by the Government, although — ne pewrnre » OP ge Carter then admitted taking a "loan" from the Libyans in the amount. of $200,000. This "loan", he said was arranged by his good friend Ahmed al-Shahati, the head of the Libyan Liaison office. It was paid to him by a check drawn on a bank, the name of which he cannot now recall. The check was deposited by Carter in his personal checking account at the Peoples National Bank, LaGrange, Georgia. According to Carter, he could not recall when exactly he received the check in that the transaction was negotiated primarily by Randy Coleman, a close personal friend of Carter's who has his special power of attorney. He stated he had asked for $500,000, but was able to get only $200,000. He believes that the money was received in March or April, 1980. Carter said he was virtually bankrupt in that while he had assets, they were not liquid and his cash flow had been substantially diminished. He said he was unable to borrow from conventional sources, because of apparent "harrassment" by the IRS and other government agencies of any person or institution which dealt with him. He said the loan was fully and formally collateralized in the amount of $800,000, although he also stated that to his knowledge the note and collateral agreement were not recorded at his request. He said the interest rate is set at 10%, with interest only payable at the end of one year. Thereafter, the terms of the loan may be renegotiated. Carter insisted that this was a bona fide loan and that he had every intention of paying it off, although he admitted that most of the $200,000 had been dispersed by him to pay personal outstanding debts. Carter advised further that he had received a check from the Libyans in March in the amount of $20,000 which was partial © reimbursement for his expenses in hosting a reception for. the to demonstrate that his personal out of pocket expenses in con- nection with that visit were approximately $40,000. Carter also stated that in connection with the Curran investigation 3 or 4. he understood they were recently located in Baltimore and that he believes the receipts to which he referred are in those missing — documents. a Carter was reminded that upon interview in Americus on January 16, he had said that his expenses were $6,000 to $7,000 in connection with the reception and this would mean he actually received additional compensation in the amount of $13,000 to $14,000. He repeated his earlier statement that his expenses were approximately $40,000 and that the $6,000 to $7,000 figure was not correct. pee ee geet gee te aa aa a eT ae ne a err ee a . TM etey es teen et. ee etme cre ee © Se St eren that a ner ty cee mrp treet VE neg Meter me cee ee ‘Libyan delegation in January of 1979. He said that he had receipts ee
OCR quality for this page
Community corrections
First editor: none yet Last editor: none yet
No user corrections yet.
Comments
Document-wide discussion. Follow the Community Standards.
No comments on this document yet.
Bottom Reader Ad Slot
Bottom Reader Ad Slot placeholder
If you would like to support SpookStack without paying out of pocket, please consider allowing advertising cookies. It helps cover hosting costs and keeps the archive free to browse. You can change this choice at any time.

Continue Exploring

Use the strongest next step for this document: continue reading, jump to the topic hub, or move into the matching agency collection.
Continue Reading at Page 10
Jump straight to page 10 of 20.
Reader
Billy Carter — Part 14
Stay inside Billy Carter with another closely related document.
Topic
FBI Documents & FOIA Archive
Open the FBI agency landing page for stronger archive context.
FBI
Billy Carter Topic Hub
See the topic overview, related documents, and linked subtopics.
Hub

Agency Collection

This document also belongs in the FBI Documents & FOIA Archive landing page, which is the stronger starting point for agency-level browsing and for searches focused on FBI records.
FBI Documents & FOIA Archive
Open the agency landing page for introduction text, topic links, and more FBI documents.
FBI

Explore This Archive Cluster

This document belongs to the Politics & Activism archive hub and the more specific Billy Carter topic page. Use these hub pages when you want the broader collection context, linked subtopics, and more documents around the same archive thread.
federal bureau letter
Related subtopics
J Edgar Hoover Appointment and Phone Logs
42 documents · 3899 known pages
Subtopic
American Friends Service Committee
39 documents · 2906 known pages
Subtopic
Senator Edward Kennedy
33 documents · 3523 known pages
Subtopic
ACLU
26 documents · 191 known pages
Subtopic
J Edgar Hoover
24 documents · 1926 known pages
Subtopic
ABSCAM
10 documents · 636 known pages
Subtopic