Abramoff Broke, Lawyers Claim
Posted on Mar 29, 2006
The indicted lobbyist’s attorneys assert he spent all the money “in his overly determined pursuit of helping people and charities.”
You’ll excuse us while we gag up a hidden Cayman Islands account or two.
Jack Abramoff faces sentencing tomorrow in federal court in Miami for his admitted fraud in the purchase of the Sun Cruz Casinos. 260 letters, some from prominent persons, including Congressman Dana Rohrabacher, have written letters on his behalf. The list of letter-writers is here (pdf.)...
In his overly determined pursuit of helping people and charities, Mr. Abramoff spent virtually all of the funds he earned in his various business dealings. He has no real assets beyond their home and its contents. Determined to help others, and confident that he could always earn more money if needed, he ignored the guidance of his financial advisors and accountants who repeatedly warned him that he needed to put funds aside into personal savings. Now, Mr. Abramoff is broke. He is tormented daily that his wife will not be able to support the large family on her own and chagrined that, instead of being a provider and source of aid for his community, he will now see his own family needing financial assistance.