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!