Friday, December 16, 2005

Abramoff Partner Pleads Guilty

Lobbyist's Ex-Associate Pleads Guilty to Fraud
As always, if it bugs you for site registration bugmenot.com

latimes- Adam R. Kidan changes his plea in a case linked to a purchase of Florida casino boats. Former partner Jack Abramoff has pleaded not guilty.
Adam R. Kidan, who had entered a plea of not guilty after he was indicted in August, said he and his onetime partner defrauded lenders of $60 million five years ago by faking a $23-million wire transfer to get financing to buy the SunCruz Casinos fleet.
Abramoff pleaded not guilty in August to a six-count federal fraud and conspiracy indictment stemming from his role in the purchase....

Kidan could receive as much as five years in prison and a $250,000 fine on each of the two counts. Under the plea agreement, other federal charges against Kidan were to be dropped. He is to be sentenced in March....

Outside the federal courthouse, Kidan's lawyer said his client was ready to take the witness stand at Abramoff's trial in the SunCruz case, scheduled to begin early next year. "If the government intends to call him," said Joseph Conway, "he's prepared to testify."

Conway said Kidan also would cooperate with Florida prosecutors in their investigation into the
murder of Konstantinos "Gus" Boulis, the former owner of SunCruz Casinos who sold the line to Kidan and Abramoff in a $147.5-million deal. Five months after the sale, on Feb. 6, 2001, Boulis was shot dead in his BMW sedan in a mob-style hit in Fort Lauderdale.

This is the second Abramoff partner in the last few weeks to agree to squeeeeeeeeeeel...

Nov. 21 (Bloomberg) -- Michael Scanlon pleaded guilty to conspiring to defraud clients and to corrupt public officials, clearing the way for his cooperation in a widening investigation of former partner and Republican lobbyist Jack Abramoff.

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