William Jefferson was already in financial straights before this. He bounced plenty checks and ran up credit cards. Now he and his family face some tough times ahead with the jury’s latest finding.
By Bruce Alpert and Jonathan Tilove
New Orleans Times-Picayune
William Jefferson, the former Democratic congressman convicted of 11 of 16 counts of corruption, can be held liable to forfeit more than $470,000 in bribe money paid to sham companies under his family’s control, a jury ruled Thursday, one day after convicting him.
The jury also found that ANJ Group, one of those front companies controlled by Jefferson’s wife, Andrea, and their five daughters, could be required to surrender millions of shares of stock in a Kentucky technology company and a Nigerian telecommunications venture that were at the center of the FBI investigation into Jefferson and are now presumably worthless.
The jury’s forfeiture verdict establishes which assets controlled by the defendant amount to ill-gotten gains, and sets an upper limit on how much the government may demand that he forfeit.
The precise determination of how much Jefferson owes and how it would exacted is left to the judge, T.S. Ellis III, who could make a determination any time up to and including at Jefferson’s sentencing, which is set for Oct. 30.
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