Tyco Acknowledges $1.6M Link to Abramoff

[kpete]

Tyco Acknowledges $1.6M Link to Abramoff
Tyco Acknowledges It Was Source of $1.6 Million Pocketed by Lobbyist Jack Abramoff
By SHARON THEIMER Associated Press Writer
The Associated Press

WASHINGTON Jan 5, 2006 — 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.

Tyco hired Abramoff in 2003 to lobby for it on a tax issue, said company spokeswoman Sheri Woodruff. She declined to comment further on the New Jersey-based company's relationship with Abramoff or on the lobbyist's activities.

Abramoff pleaded guilty this week in Washington to mail fraud, conspiracy and tax evasion in connection with his lobbying activities and in Miami to conspiracy and wire fraud in a 2000 business deal in which he and a partner purchased the SunCruz Casinos fleet of gambling boats.

http://abcnews.go.com/Politics/wireStory?id=1475714

[poverlay]

1. Wow, the web widens... n/t