Friday, December 16, 2005

Abramoff Abramoff Abramoff Abramoff

My my but it seems like all roads lead to Jack Abramoff the Washington lobbyist and good buddy to, oh, just about everyone in Washington from Delay on down. I'm sure most of you have heard of Abramoff, he's the superlobbyist who is under investigation by the Justice Department, the Senate Indian Affairs Committee, the IRS, the Department of the Interior, and the FBI. He has been indicted...

The indictment, returned by a grand jury in Fort Lauderdale, charges that Abramoff and an associate, 36-year-old New York businessman Adam Kidan, used a fake wire transfer to defraud two lenders out of some $60 million to finance the deal for SunCruz Casinos.

Abramoff and Kidan are charged with five counts of wire fraud and one count of conspiracy to commit wire fraud and mail fraud. Each count carries a penalty of up to 5 years in prison and a $250,000 fine. U.S. Attorney R. Alexander Acosta said Abramoff was in FBI custody in Los Angeles. Kidan's attorney in Florida, Martin Jaffe, said his client would surrender to authorities in Fort Lauderdale on Friday.

The partners bought SunCruz, which runs a fleet of gambling boats, from entrepreneur Konstantinos "Gus" Boulis for $147 million in 2000, but the deal soon fell apart. Amid bitter legal fighting over the sale, Boulis was shot to death five months later in 2001 what police called a hit. The Fort Lauderdale killing has never been solved. The indictment against Abramoff charges that he used income from SunCruz to finance political fund-raising activities, including events at private boxes at Washington-area sports venues such as the MCI Center and Oriole Park at Camden Yards.

The two lenders who were allegedly defrauded in the SunCruz deal were Foothill Capital Inc., a subsidiary of Wells Fargo, and Citadel Equity Fund Ltd., based in the Cayman Islands, according to court documents in a civil lawsuit. Abramoff is also under federal investigation in Washington by a grand jury investigating whether he and a lobbying partner overcharged Indian tribes by millions of dollars for their work.

To read about the growing list of those involved with Abramoff go to...


Won't it be something if this brings down the neocon movement. All it takes is to catch just one corrupt person and then the domino effect goes in to action.

Bye Bye DeLay. Heh Heh

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