JACK ABRAMOFF INDICTED FOR BANK FRAUD

Earlier today, lobbyist Jack Abramoff was indicted for bank fraud in connection with his 2000 purchase of the SunCruz gambling ships from Greek millionaire Gus Boulis. To finance the purchase, Abramoff and his partner Adam Kidan were required by Foothill Capitol to put up $23 million in cash to secure the loan. Abramoff and Kidan signed sworn documents, provided to Foothill Capitol at closing, attesting that they had paid Boulis the $23 million. In fact, Abramoff and Kidan never paid Boulis and by October 2000, Boulis was threatening to sue. In January 2001, Boulis did file suit, but in February 2001, he was murdered in an unsolved gang-land style homicide.