Alum does digging about the forthcoming Allbritton Center for the Study of Public Life, with unhappy results:
But do you know what else Robert Allbritton has done in his short career? Well, he was President and CEO of Riggs Bank, a local financial institution in Washington, DC, owned by the Allbritton family. And why does the Allbritton name sound vaguely familiar? Well, in March he resigned as president in disgrace. Why? Let’s ask the Washington Post!
The Office of the Comptroller of the Currency, which has closely monitored Riggs since early last year and must approve any senior executive appointments, was informed of Allbritton’s replacements, the company said. Riggs was fined a record $25 million by the OCC last spring for failing to comply with anti-money-laundering laws, and in January the bank pleaded guilty and paid a $16 million fine for failing to prevent possible money laundering by former Chilean dictator Augusto Pinochet and officials of the West African nation of Equatorial Guinea.
That’s right. It’s turn out that the Allbritton family is widely believed to have personally assisted Certified Evil Dictator Augusto Pinochet in hiding his assets from the various courts that are trying to seize them. Want more? Read another Post article. Robert’s father Joe seems to have been the major culprit–although some random low-level employees took the legal fall–but it’s hard to believe my illustrious brother in Wesleyan alumdom was not part of some very bad things.
I don’t know what I think about this. Granted, the guy is seriously sketchy (check out the comments about The Politico on our previous post), but am I alone in thinking we might be jumping the gun a little here?