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Wednesday, March 29, 2006

 

Abramoff Gets 5 Years in Fraud Case; Senate Set to Pass Weak "Reform"

Jack Abramoff today was sentenced to five years and ten months in prison for fraud relating to his and his partner's purchase of SunCruz gambling boats.

Abramoff and his partner faked a $23 million wire transfer to make it seem they had contributed to the purchase of the boats. As a result of the fake wire transfer, they got $60 million from lenders. Garden variety bank fraud.

While Abramoff was being sentenced, the Senate prepared to pass a watered down "lobby reform" measure.

The bill would prohibit Senators from accepting meals and gifts from lobbyists, but still would permit lobbyist-funded travel, such as the lavish trips Abramoff provided to Tom DeLay. Not exactly how those seemingly contradictory issues will be resolved. Will it be OK to accept the private jet ride to Scotland for golf but not OK to accept breakfast while there?

The Senate bill failed to include a new ethics office. That idea was killed in Committee.

The House is considering similar weak measures. It also killed the idea of a special ethics office.

Nothing to see here. Couple of bad apples. Move along.

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