Casino buyer pleads guilty to fraud: One of two businessmen charged with fraud in the purchase of SunCruz Casinos pleaded guilty in a case that has made waves all the way to Washington.

Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

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COPYRIGHT 2005 The Miami Herald

Byline: Jay Weaver and Wanda J. Demarzo, The Miami Herald

Dec. 16--New York businessman Adam Kidan pleaded guilty Thursday to defrauding lenders of more than $20 million in the purchase of SunCruz Casinos -- a deal that police believe is linked to the mob-style slaying of former SunCruz owner Gus Boulis. Kidan agreed to help prosecutors build their fraud case against his former partner Jack Abramoff, a once-influential Washington lobbyist. "Mr. Kidan has acknowledged today that he, along with co-defendant Jack Abramoff, made false representations to lenders," Kidan's lawyer, Joseph Conway, told news reporters after the brief hearing in Miami federal court. A sentencing hearing is scheduled for March 1. Kidan, who declined to speak to the media, faces up to seven years in prison and has to repay the money. But the fraud case involving the $147.5 million sale of SunCruz is the least of...

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