Thu 30 Mar 2006
Abramoff, Kidan sentenced to jail
Thursday, Mar 30th, 2006 at 5:47 amCategories: Corruption; Gambling
Posted by Administrator
Jail time for high-flying fixers. CNN reports:
U.S. District Judge Paul C. Huck sentenced [Jack] Abramoff and a former business partner to five years and 10 months in prison and ordered them to pay restitution of more than $21 million. Abramoff, 47, and Adam Kidan, 41, both pleaded guilty to conspiracy and wire fraud.
They won’t start their sentences for at least 90 days so they can continue cooperating in a Washington corruption investigation and a Florida probe into the murder of Konstantinos “Gus” Boulis, owner of the SunCruz Casinos fleet they bought.
The two admitted concocting a fake $23 million wire transfer to make it appear they had made a large cash contribution to the $147.5 million SunCruz purchase. Based on that fake transfer, lenders provided the pair with $60 million in financing.
Abramoff and Kidan are expected to give statements in the investigation into the February 6, 2001, slaying of Boulis, who was gunned down at the wheel of his car amid a power struggle over the gambling fleet.
Meanwhile, three men face murder charges, including one who worked for Kidan as a consultant at SunCruz and who allegedly has ties to New York’s Gambino crime family.
Both Abramoff and Kidan have repeatedly denied any role in or knowledge of the Boulis murder.
But prosecutors say Kidan has not been ruled out as a suspect and defense attorneys say Abramoff could provide critical inside information about the dispute with Boulis, who also founded the Miami Subs restaurant chain.
See also:
SunCruz @ Wikipedia
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