Skip to comments.Ted Kennedy’s brother-in-law charged with fraud in La.
Posted on 02/02/2005 11:48:28 AM PST by cajunman
Federal authorities in Louisiana have charged the brother-in-law of U.S. Sen. Edward Kennedy of committing millions in bank fraud. A bill of information filed Wednesday in New Orleans federal court claims Raymond Reggie, 43, of New Orleans submitted fake documents to get a loan from Hibernia National Bank in December 2000.
In the bill of information, federal authorities said Reggie submitted fictitious documents purporting to be a contract between his company, Media Direct, and the U.S. Census Bureau.
A separate bill of information also filed Wednesday in Baton Rouge federal court charges him with a check-kiting scheme in which he made cross deposits in Union Planters Bank and Whitney National Bank in 1999, making it falsely appear there were substantial deposits in both accounts.
According to the bill, Reggie applied for a $4.2 million loan from Union Planters to repay the bank for a loss created by the check-kiting scheme. As collateral, Reggie pledged Media Direct accounts receivables of $2.1 million, which he knew were false and fraudulent, the bill says.
Reggie is the son of former Crowley City Judge Edmund Reggie, a longtime friend of former Gov. Edwin Edwards. He also is the brother of Victoria Kennedy, who is married to the Massachusetts senator.
Reggie declined to comment to the Associated Press, saying only: theres a lot more to it.
A prominent New Orleans Democrat, Reggie has greeted former President Clinton on his visits to town.
His father was convicted in 1992 of misapplying funds of now-closed Acadia Savings and Loan of Crowley, and in 1993 he pleaded no contest to misapplying $425,000 in the form of a loan by Acadia Savings.
Edmund Reggie served 120 consecutive days of home detention and paid a $30,000 fine.
If convicted of both charges, Raymond Reggie faces up to 35 years in prison and fines of up to $1.2 million.
"I tell you I'm shocked, just shocked."
You lay down with dogs, you're gonna get fleas!
Expecting a Kennedy to show class is like expecting a crocodile to purr.
Looks like this guy needs one of Ted's famous self-preservation life preservers...
A Kennedy relative involved in crime. How can this be? They are "American Royalty" according to the liberal media.
Plea agreement in the works.
A Gore DOJ would have been ordered to ignore this. Much like Harold Ford's uncle in Memphis had a bank fraud investigation disappear shortly after Clinton was inaugurated.
whats the statute of limitations on drowning campaign workers?
If he's not from Massachuttes, it doesn't count.
He must be a blue state blueblood for any harm to accrue to the Kennedy name.
Must have had a White-Water lesson from Jim Mac......
He's not blood relative... so they will throw him to the wolves, unless his wife has any pull
He wasn't watching how the Clintons got away with it. Haven't some DemocRAT criminals learned anything?
" Reggie says- there's alot more to it " .... Wonder how much old teddy knew and when he knew it, how much did he benefit from it... oh hum...
No kidding! That's how Daddy Kennedy made his money. Apples, trees...
Maybe Ted can toss him a life preserver!
This is getting interesting!
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