Kessler wrote this at the peak of Khashoggi's career. Soon Khashoggi found
himself in the middle of the Iran-contra scandal because of his work with
Manucher Ghorbanifar in setting up several of the arms-for-hostages deals. Some
of these deals were connected with BCCI, where Khashoggi was a major client. In
1988 he and Imelda Marcos were indicted in Manhattan for helping her late
husband hide assets that belonged to the Philippine people. Khashoggi was
arrested in Switzerland and extradited, but he and Imelda were acquitted in
1990. At last report (March 1992), Khashoggi sold his yacht and creditors
impounded his jet. He lives mostly in Spain, is still fighting his legal
battles, and was down to his last $54 million.
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