Friday, August 12, 2005

Abramoff Indicted & The FEC & DeLay's PAC

Jack Abramoff was indicted Thurs by a fed'l grand jury on fraud charges arising from a 2000 deal to buy casino boats. The indictment, returned by a grand jury in FL, charges that Abramoff and an associate, NY businessman Adam Kidan, used a fake wire transfer to defraud 2 lenders out of $60 million to finance the deal for SunCruz Casinos. The partners bought SunCruz, which runs a fleet of gambling boats, from entrepreneur 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 5 months later in '01 what police called a hit. The killing has never been solved. Jack is also being investigated for his double dealings w/Indian casinos and his paid- for trips around the globe for politicians such as Tom DeLay. Speaking of that Devil, the FEC has found in an audit that DeLay's PAC (Americans for a Republican Majority) spent about $203,000 in soft money from its nonfed'l account to pay for the political activities and administrative expenses, the FEC audit also found that DeLay's committee failed to report more than $300,000 in debts owed to 25 vendors and reported its finances erroneously. If Jack talks, Tom is screwed. If DeLay's money trail is followed, DeLay is screwed. Sweet!
Posted by Tina :: 12:03 AM :: 0 Comments:

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