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News Brief

August 12, 2005
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A federal grand jury in Florida is expected to indict lobbyist Jack Abramoff on bank fraud charges. Abramoff, a leading figure in an investigation of Rep. Tom DeLay (R-Texas), the majority leader of the U.S. House of Representatives, has been accused of using a fake wire transfer to defraud lenders of $60 million in the purchase of a Florida gambling boat company and of using the company’s income to finance Republican fund-raising ventures.

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