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L0RDZ (78.28)

Edwards finally indicted.... finally..... wow... bout time

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June 03, 2011 – Comments (4)

http://caps.fool.com/Blogs/justice-comes-swift-and/597047

http://news.yahoo.com/s/ap/us_edwards_investigation

RALEIGH, N.C. – A federal grand jury charged two-time presidential candidate John Edwards on Friday with soliciting and covering up the secret spending of more than $925,000 to hide his mistress and their baby during the peak of his 2008 campaign for the White House.

The grand jury's indictment in the case of USA v. Johnny Reid Edwards contained six counts, including conspiracy, four counts of receiving illegal campaign contributions and one count of false statements.

The indictment said the payments were a scheme to protect Edwards' White House ambitions. "A centerpiece of Edwards' candidacy was his public image as a devoted family man," the indictment said.

"Edwards knew that public revelation of the affair and the pregnancy would destroy his candidacy by, among other things, undermining Edwards' presentation of himself as a family man and by forcing his campaign to divert personnel and resources away from other campaign activities to respond to criticism and media scrutiny regarding the affair and pregnancy," the indictment added.

Negotiations between Edwards' attorneys and federal prosecutors to settle on a charge to which Edwards was willing to plead guilty continued through Thursday, but proved fruitless, according to people with knowledge of the negotiations. Prosecutors had insisted on a plea to a felony, which would endanger his ability to keep his license to practice law.

If convicted, Edwards faces a maximum penalty of five years in prison and a $250,000 fine on each of the six counts. First time white collar offenders usually don't receive prison terms in federal court, but the Justice Department typically presses for at least a short prison sentence for public officials. While Edwards was a private citizen as a candidate, he was receiving taxpayer money for his presidential campaign.

4 Comments – Post Your Own

#1) On June 03, 2011 at 11:30 AM, L0RDZ (78.28) wrote:

Edwards and Hunter began their relationship in 2006, just as the 2004 Democratic vice presidential nominee was plotting a second run for the White House. She was hired to shoot behind-the-scenes video footage of the prospective candidate. Edwards' political action committee and a nonprofit affiliated with him both paid Hunter's video-production firm about $100,000 for the work.

Edwards initially denied having an affair with Hunter but eventually admitted to it in the summer of 2008. He then denied being the father of her child before finally confessing last year. His wife, Elizabeth, died of cancer in December.

Young has said that Edwards agreed in 2007 to solicit money directly from Mellon. And the long-time Edwards aide, now estranged from his former boss, has said he received hundreds of thousands of dollars in checks from Mellon — some hidden in boxes of chocolate.

Assistant Attorney General Lanny Breuer, head of the Justice Department's criminal division, said, "As this indictment shows, we will not permit candidates for high office to abuse their special ability to access the coffers of their political supporters to circumvent our election laws."

Mellon and Edwards are still friendly despite the glare of the federal investigation. They had lunch together at her Virginia estate last week even as the indictment appeared imminent.

Anyone care to guess as to what justice will be served ?

 

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#2) On June 03, 2011 at 11:52 AM, L0RDZ (78.28) wrote:

Did he  pay $$$$$$$$  for sex ?

Some would say  yes...  regardless many fools  would have voted men such as him  into  offices of importance...

Funny...   you would trust him, when his wife could not trust him to honor his wedding vows... 



I _____, take you ______, to be my wedded wife/husband. To have and to hold, from this day forward, for better, for worse, for richer, for poorer, in sickness or in health, to love and to cherish 'till death do us part. And hereto I pledge you my faithfulness.

Faithfull ness ??  indeed.

 

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#3) On June 03, 2011 at 12:19 PM, alstry (36.27) wrote:

Now wait until you learn that Wall Street is no different.....

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#4) On June 03, 2011 at 12:24 PM, L0RDZ (78.28) wrote:

I take you my  stock of  1 year to love and hold, in sickness or shorted death  for richer for poorer,  to love and to cherish until I sell you to the next  husband...

And realize my long term capital gains...  :)

Omg Al graced my  post..

Hey I'm not a smart man ? but does anyone know why TMF  has failed to credit me with the 100 in 100 days ??? charm ???

Lucky charms ?  do I need to chase that leprechaun down ? and  water bore it out ?

Too bad the bears can scare the market down more today...

Al can you post some scarey stuff  :-P 

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