In 1993, after a lengthy and highly publicized jury trial stemming from his involvement with the Bank of Credit and Commerce International and its secret acquisition of First American Bankshares Inc., Altman was acquitted.
Pada tahun 1993, setelah pengadilan yang sangat lama dan sangat gencar dipublikasikan sejak keterlibatannya dengan Bank of Credit and Commerce International dan akuisisi rahasia First American Bankshares Inc., Altman dibebaskan.