Original sentence: Comptroller of the Currency declared Tisch an unqualified director for reasons of conflict of interest, paving the way for Sindona to take over Franklin.In 1972, Michele Sindona, a banker with close ties to both the Mafia and the irregular Freemasonic lodge, P2, and the Nixon administration, purchased controlling interest in Long Island's Franklin National Bank, from Laurence Tisch, Chairman of Loews Corporation, which owned hotels in Italy.Later the U.Sindona used his alleged influence in the Republican Party and the Nixon administration to ensure that his background did not inhibit has ability to become Vice Chairman and largest stock holder in the Bank.Sindona used the banks ability to transfer funds, produce letters of credit, and trade in foreign currencies to begin building a banking empire in the U
Edited sentence: In 1972, Michele Sindona, a banker with close ties to both the Mafia and the irregular Freemasonic lodge, P2, and the Nixon administration, purchased controlling interest in Long Island's Franklin National Bank from Laurence Tisch.Later the comptroller of the currency declared Tisch an unqualified director for reasons of conflict of interest, paving the way for Sindona to take over Franklin.Laurence Tisch, Chairman of Loews Corporation which owned hotels in Italy.Much of his influence in the Republican Party and the Nixon administration saw to it that his background had little influence over his ability to become Vice Chairman and largest stock holder in the Bank.Sindona used the banks ability to transfer funds, produce letters of credit, and trade in foreign currencies to begin building a banking empire in the US