ABC Money
Home

U.S. suggests cutting Abramoff sentence


Published :
Thu, 22 Mar 2007 17:39
By : Agencies
Print this Story


AddThis Social Bookmark Button

MIAMI (AP) - Federal prosecutors took the first steps toward reducing the prison sentence of former Washington lobbyist Jack Abramoff, currently scheduled for release in 2011 for a Florida fraud conviction.

Documents filed in federal court say Abramoff has provided 'substantial assistance' in a separate Washington corruption scandal investigation and continues to work with investigators from his prison cell in Cumberland, Md.

Assistant U.S. Attorney Paul F. Schwartz did not recommend how much Abramoff's sentence should be cut.

In the court papers filed Wednesday, Schwartz said prosecutors would recommend a reduction in his sentence and would file further documents describing the 'nature, extent and value' of his cooperation.

Abramoff, once a powerful Washington lobbyist, and ex-partner Adam Kidan were sentenced in Florida last March to nearly six years in prison for concocting a fake $20 million wire transfer during their 2000 purchase of the Fort Lauderdale-based SunCruz Casinos gambling fleet.

The bogus transfer enabled the pair to get $60 million in financing for the deal.

Abramoff also has pleaded guilty to three federal charges arising from the Washington corruption probe. He has yet to been sentenced in that case.

Neal Sonnett, Abramoff's attorney in Miami, declined to comment Thursday other than to say that his client was continuing to cooperate with investigators.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




Share on


 You Might Like
Ex-Ohio Rep. Ney Sentenced to 30 Months
Judge cuts Wittig's sentence to 2 years
+
Judge cuts Wittig's sentence to 2 years
Former HealthSouth exec. gets probation

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8419.09
+270.00 ( 3.31 %)
NASDAQ
1449.80
+51.73 ( 3.63 %)
FTSE 100
4122.86
+57.37 ( 1.41 %)

SYMBOL ( 2008-12-02 )
LAST
CHANGE
RECKITT BENCKISER ( 11:35am )
2684.00
+70.00 ( 2.69 %)
ASTRAZENECA ( 11:35am )
2475.00
+55.00 ( 2.31 %)
BRITISH AMERICAN TOBACCO ( 11:35am )
1651.00
+51.00 ( 3.22 %)
CARNIVAL ( 11:35am )
1347.00
+51.00 ( 4.02 %)
ROYAL DUTCH SHELL-B ( 11:35am )
1653.00
+47.00 ( 2.98 %)

SYMBOL ( 2008-12-02 )
LAST
CHANGE
EXXON MOBIL CORP ( 4:02pm )
77.61
+3.30 ( 4.37 %)
IBM ( 4:01pm )
79.84
+2.94 ( 3.78 %)
JP MORGAN CHASE CO ( 4:01pm )
28.53
+2.41 ( 9.08 %)
GEN ELECTRIC CO ( 4:02pm )
17.61
+2.11 ( 13.07 %)
MERCK CO INC ( 4:02pm )
26.68
+1.83 ( 7.07 %)

SYMBOL ( 2008-12-02 )
LAST
CHANGE
ARDEN GROUP INC ( 4:00pm )
135.77
+11.04 ( 8.69 %)
DIAMOND HILL INV ( 4:00pm )
56.67
+10.42 ( 21.37 %)
GOOGLE ( 4:00pm )
275.11
+9.12 ( 3.37 %)
AMER NATL INS CO ( 4:00pm )
69.87
+8.96 ( 14.38 %)
ATRION CP ( 4:00pm )
95.29
+8.28 ( 9.10 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.