Posted on 08/07/2009 9:02:43 PM PDT by Libloather
William Jefferson legal saga far from over
by Bruce Alpert, The Times-Picayune
Friday August 07, 2009, 8:08 PM
William Jefferson faces daunting challenges on top of the potentially lengthy prison term Judge T.S. Ellis III could impose Oct. 30 for his conviction this week on 11 of 16 corruption charges.
The former congressman faces a forfeiture hearing at a yet undetermined date as a result of the jury's finding that he and his family received $470,000 and more than 30 million shares of stock proceeds as a result of criminal activities.
He also must deal with a lawsuit in Kentucky brought by unhappy investors in iGate Inc., the technology company for which Jefferson sought contracts with several Western African nations in return for payments to companies controlled by his family.
The iGate stockholders are seeking restitution from Jefferson, his wife, Andrea, and iGate's CEO, Vernon Jackson, on grounds that the three conspired to funnel money to Andrea Jefferson's company, the ANJ Group, without stockholder knowledge as part of a criminal enterprise.
U.S. District Judge Charles Simpson said the case, brought in 2007, could not go forward until Jefferson's criminal trial was completed.
**SNIP**
Congressional pension
While a 2007 law enacted by Congress bars lawmakers from getting pension benefits after criminal convictions, it won't affect Jefferson because the illegal activity found by the jury occurred before the law was enacted. The law does not apply retroactively. Jefferson would have qualified for a pension of $42,750 if he started collecting at age 61, when he lost his re-election bid. He would get $45,000 a year if he waits until he turns 65.
(Excerpt) Read more at nola.com ...
The perp will make more behind bars than many on the outside.
I wonder how soon it will be before Zero pardons him.........
..........I wonder how soon it will be before Zero pardons him..................
That is a great point! Zer0 don’t want no bro’s in jail!
There has got to be a way to strip this scumbag, who had the Coast Guard float him to his NOLA house while still flooded, so that he could strip incriminating evidence and probably cash from his house!
William Jefferson RAT - GUILTY!
So, if I get jailed for corporate fraud/embezzlement I’m still entitled to a retirement-disbursement?
>I wonder how soon it will be before Zero pardons him.........
That would piss me off.
Bet he has a Rat “get out of jail free” card by the end of the year.
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