Posted on Fri, Dec. 09, 2005
SUNCRUZ CASE
Kidan is expected to admit to fraud
One of the partners in the $147.5 million SunCruz sale five years ago is expected to plead guilty next week to fraud charges, according to law enforcement sources.
BY WANDA J. DeMARZO AND JAY WEAVER
[email protected]Adam Kidan, the New York businessman who teamed up with a powerful Washington, D.C., lobbyist to buy SunCruz Casinos, has agreed to plead guilty to defrauding lenders in the $147.5 million purchase five years ago, according to sources familiar with the federal criminal case.
Kidan, 41, indicted along with Republican lobbyist Jack Abramoff, is expected to enter his plea next Thursday before a federal judge in Fort Lauderdale.
Several attempts to reach Kidan's attorneys Thursday were unsuccessful.
Abramoff, 46, is also discussing a possible plea deal with federal prosecutors, sources say.But Abramoff's attorney, Neal Sonnett, said he is preparing to defend his client at trial, which is set for Jan. 9 before U.S. District Judge Paul Huck. Sonnett declined further comment.
http://www.thatsracin.com/mld/miamiherald/news/local/states/florida/counties/broward_county/13364243.htm?source=rss&channel=miamiherald_broward_county