So, Al, would you like to correct your remarks about when you knew about the loan to Air America that took money from kid so that you can have a political platform. You claim you knew only a few weeks ago -- but now we have your signature on documents dating back a year spelling out the whole deal.

According to a November 2004 settlement agreement between former Air American head honchos Evan Cohen and Rex Sorensen and Air America's current owners and investors at Piquant LLC, Al Franken was smack dab in the middle of negotiations over the debts owed by the liberal radio network--including the Gloria Wise loan. The agreement was signed to clear the decks in advance of the questionable asset transfer from Air America's old owners, Progress Media and Radio Free America, to Piquant. (This is the transfer being challenged by Multicultural Radio Broadcasting Inc. as a "fraudulent conveyance," which we first reported exclusively in the first installment in our investigative blog series, "A Trail of Debts.")

Far from being an innocent party with no knowledge of Air America's money woes, Franken was a signatory to the agreement. The document, published here for the first time, exposes how Franken misled his listeners and the press about his knowledge of the charity loan.

Go to jail. Go directly to jail. Do not pass go -- but definitely pay back $875,000.

Posted by: Greg at 11:34 PM | No Comments | Add Comment
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