Posted on 02/02/2005 12:29:54 PM PST by Theodore R.
Kennedy’s brother-in-law charged with fraud in La.
By PENNY BROWN ROBERTS proberts@theadvocate.com Advocate staff writer
Federal authorities in Louisiana have charged the brother-in-law of U.S. Sen. Edward Kennedy of committing millions in bank fraud.
A bill of information filed Wednesday in New Orleans federal court claims Raymond Reggie, 43, of New Orleans submitted fake documents to get a loan from Hibernia National Bank in December 2000.
In the bill of information, federal authorities said Reggie “submitted fictitious documents purporting to be a contract” between his company, Media Direct, and the U.S. Census Bureau.
A separate bill of information also filed Wednesday in Baton Rouge federal court charges him with a check-kiting scheme in which he made cross deposits in Union Planters Bank and Whitney National Bank in 1999, “making it falsely appear there were substantial deposits in both accounts.”
According to the bill, Reggie applied for a $4.2 million loan from Union Planters to repay the bank “for a loss created by the check-kiting scheme.” As collateral, Reggie pledged Media Direct accounts receivables of $2.1 million, which he “knew were false and fraudulent,” the bill says.
Reggie is the son of former Crowley City Judge Edmund Reggie, a longtime friend of former Gov. Edwin Edwards. He also is the brother of Victoria Kennedy, who is married to the Massachusetts senator.
Reggie declined to comment to the Associated Press, saying only: “there’s a lot more to it.”
A prominent New Orleans Democrat, Reggie has greeted former President Clinton on his visits to town.
His father was convicted in 1992 of misapplying funds of now-closed Acadia Savings and Loan of Crowley, and in 1993 he pleaded no contest to misapplying $425,000 in the form of a loan by Acadia Savings.
Edmund Reggie served 120 consecutive days of home detention and paid a $30,000 fine.
If convicted of both charges, Raymond Reggie faces up to 35 years in prison and fines of up to $1.2 million.
I would have thought @theadvocate.com was an email address to The Advocate, the gay magazine that featured Wesley Clark on the cover.
Hey General - don't ask, don't tell.
Watch! The Kennedy connection will be played up real big in the hopes of getting this criminal off. Remember Ethel Kennedy's nephew that killed his neighbor. Took quite a few years to bring him to justice.
When questioned, Reggie said, "What's the big deal? It's not like I drowned someone....."
Yes. Let's cross that bridge when we get to it. What a clan of rapists, murderers, thieves, liars, drunks, and socialists.
Awwwww, come on! Isn't that being a little tough on rapists, murderers, thieves, liars and drunks???
The Kennedy's
The family that keeps on giving......
scandal, after scandal, after scandal, after scandal.
And don't forget the Harold Ford Jr. family of Memphis, Tenn.
On appeal, his sole defense will be, "He's a Kennedy and the bank should have known what to expect from that, alone." Hey, at least he didn't murder his girl friend and their unborn baby!
It's the capital city newspaper, Baton Rouge Morning Advocate.
WHy don't you e-mail this to RUSH and Drudge? They need to get the word out!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.