Businessman may get plea deal in SunCruz case and testify against powerful lobbyist
By Sean Gardiner
Posted December 8 2005
New York businessman Adam Kidan is expected to plead guilty next week to federal conspiracy and wire fraud charges in connection with the purchase of the SunCruz gambling fleet from entrepreneur Konstantinos "Gus" Boulis, according to sources close to the case.
If the deal goes through, Kidan, who was looking at up to 30 years in prison, could now face a maximum of 10 years. That sentence could be reduced depending upon the extent of his cooperation as a witness, not only against his co-defendant -- embattled super lobbyist Jack Abramoff -- but also in the prosecution of three men charged in the Feb. 6, 2001, slaying of Boulis, the sources said.
Under the plea deal, Kidan would testify against Abramoff, his longtime friend and mentor. Abramoff is also at the center of several Justice Department investigations alleging improper donations and gifts being accepted by members of Congress.
The loan fraud case can be traced to 1999 when the government forced Boulis to sell his controversial SunCruz gambling fleet by using an obscure shipping law prohibiting non-U.S. citizens from owning maritime interests. One of Boulis' lawyers put him in touch with Abramoff to help find potential buyers. Abramoff met Kidan years earlier through a young Republicans club in Washington, D.C., while Kidan was a college undergraduate and Abramoff a law school student. Liking what he saw in the SunCruz deal, he asked Kidan if he wanted to become a partner.