Tyco Acknowledges $1.6M Link to Abramoff
By SHARON THEIMER, Associated Press Writer
53 minutes ago
Tyco International, whose former CEO became a symbol of corporate corruption, acknowledged Thursday it is the Jack Abramoff client referred to as "Company A" in court documents describing the lobbyist's scheme to funnel millions of dollars in lobbying fees to himself.
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Abramoff also agreed to cooperate with federal prosecutors trying to find out whether Abramoff bought specific actions from members of Congress, their aides or members of the Bush administration by doling out large campaign contributions and gifts such as meals at his restaurant, use of his skybox and trips abroad. Investigators are examining Abramoff's ties to former House Majority Leader Tom DeLay, R-Texas, and House Administration Committee Chairman Bob Ney, R-Ohio, among other lawmakers.
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Tyco hired Abramoff and GrassRoots Interactive. In May and June 2003, Tyco paid GrassRoots Interactive, directly and through Greenberg Traurig's bank account, about $1.8 million, of which about $1.6 million went to Abramoff and entities he controlled, prosecutors say.
Unlike some of the Indian tribes Abramoff acknowledged defrauding, Tyco was not a newcomer to Washington politics.
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In October, Tyco attorney Timothy E. Flanigan withdrew his nomination to be President Bush's deputy attorney general. Flanigan's confirmation was delayed due to questions about his dealings with Abramoff when Abramoff was a Tyco lobbyist.
http://news.yahoo.com/s/ap/20060105/ap_on_go_co/lobbyist_fraud_tyco_1edited to add:
http://www.usdoj.gov/criminal/press_room/press_releases/2006_index.html