May 06, 2005
Abramoff and SunCruz

Since we first heard the name "Jack Abramoff", there have been plenty of stories which have shown him to be a sleazy and unethical greedhead. You can add this one, which Steve compared to a "third-rate episode of The Sopranos" in forwarding it to me, to the growing pile. Here's a taste:

Not long after Abramoff and his partners bought SunCruz Casinos in September 2000, the venture ran aground after a fistfight between two of the owners, allegations of mob influence, dueling lawsuits and, finally, [SunCruz founder Gus] Boulis's death on Feb. 6, 2001. Now, Abramoff is the target of a federal investigation into whether the casino ship deal involved bank fraud. According to court records, the SunCruz purchase hinged on a fake wire transfer for $23 million intended to persuade lenders to provide financing to Abramoff's group.

Although the outlines of the tale have become part of South Florida lore, what has not been disclosed are the full details of the alleged fraud at the heart of the transaction and the extent of Abramoff's role -- including his use of contacts with Republican Reps. Tom DeLay (Tex.) and Robert W. Ney (Ohio) and members of their staffs as he worked to land the deal.

The SunCruz story combines the South Florida of novelist Carl Hiaasen with the Washington of influence-peddling K Street: Thousands of pages of bankruptcy and other court records, along with dozens of interviews in Florida and Washington, reveal secret deals; a forged document; double-crossing partners; and socializing with government officials on a private jet, at the U.S. Open golf tournament at Pebble Beach, at a Monday night football game in a private box at FedEx Field, and at an exclusive party on Inauguration Day in Washington.

It's all pretty amazing. Check it out.

Posted by Charles Kuffner on May 06, 2005 to Scandalized! | TrackBack

I stll think this one is pretty good.

Posted by: cacafuego on May 6, 2005 1:22 PM

If only I could have a fake wire transfer of $23 million dollars. Then I might give up blogging and buy an island or something.

Posted by: Nate-N on May 6, 2005 10:13 PM