Talk about missing an opportunity. Almost three years before the collapse of the corrupt Bank of Credit & Commerce International, the Justice Department failed to pursue evidence that the institution was involved in a whole network of nefarious activities. That was the Senate testimony last week of Robert Mazur, a federal undercover agent who said prosecutors ignored "hundreds of leads" and failed to exploit 100,000 documents seized in a 1988 money- laundering crackdown on B.C.C.I.'s Florida branch. The investigation, in which five B.C.C.I. officers were arrested at a phony "bachelor party" for Mazur, led to prison sentences for the executives and...
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