June 14, 2007

Jefferson Loan Incriminates Him Further

The FBI gave him $100,000. They found $90,000 in his freezer a short time later. I think we just found out where the missing $10,000 went.

Rep. William Jefferson (D-La.) notified the House ethics committee weeks ago of a two-year-old loan he made to Vernon Jackson, the Kentucky businessman now in prison for bribing him, according to financial disclosures released on Thursday.

The late disclosure of the $10,000 loan could further hobble JeffersonÂ’s defense when his case goes to trial in January and embolden the members of both parties calling for his resignation. According to media reports in Kentucky, Jackson reported the loan to the FBI soon after he agreed to cooperate with the Jefferson inquiry in August 2005.

The $10,000 loan, which is still outstanding on Jefferson’s 2006 financial statement, may play a more infamous role in the government’s case against the embattled Louisianan. The $90,000 found in Jefferson’s freezer came from $100,000 offered him by government informant Lori Mody in July 2005, but little is known of the remaining $10,000 — other than its FBI status as accounted-for.

When will the DemocRATS start abandoning the sinking ship?

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