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To: onyx

Yes, daddy was a prominent judge. But he's had his own troubles with the law.

Check out:

http://www.tulanelink.com/tulanelink/reggie_box.htm




In 1992, Reggie was convicted of misapplication of funds of the Acadia Savings & Loan of Crowley, a thrift he founded in 1959 and which failed in 1987. The transactions allegedly contributed to the failure of the Louisiana Bank and Trust, which also failed in 1987. Reggie was board chairman of both institutions at the time. The questionable loans allegedly generated lucrative legal fees for Reggie's law firm, which also served as Acadia's general counsel [20-22].


Initially, Reggie was charged in a 13-count indictment involving the transactions at Acadia S&L. He was acquitted on six counts in his first trial in June 1992. In his second trial three months later, Reggie was convicted on two charges, but U.S. District Judge John Shaw dismissed one of them. In July 1993, Reggie pleaded no-contest to another charge of misapplication of funds, and the remaining four charges were dismissed. Reggie was ably represented by his good friend Camille Gravel [21,22].


The Federal Deposit Insurance Corp. had also sought $40 million from Reggie and others in connection with the failure of the thrift. The debts ultimately were paid by U.S. taxpayers, according to federal officials [23]. For his role in defrauding the savings institution and the public, Reggie faced up to 10 years in prison and $500,000 in fines. Nevertheless, Judge Shaw sentenced him to only 120 days of home confinement and a $30,000 fine [21-23]. Reggie was also temporarily suspended from the bar of the state Supreme Court and U.S. Supreme Court [24-26].


Among the considerations that may have influenced Reggie's relatively light sentence were his close ties to prominent political figures that included Louisiana Governors Earl K. Long, Jimmie Davis, and Edwin W. Edwards, President and Mrs. John Kennedy, President and Mrs. Bill Clinton, and Massachusetts Senator Edward Kennedy [7]. In 1992, Senator Kennedy and Reggie's daughter, Victoria, a Washington, DC attorney specializing in banking law, were married on the 3rd of July at Kennedy's home in McLean, Virginia, both for the second time [27,28].


Following his trials, Reggie continued to be dogged by legal problems, and in 2001 he was the target of a federal lawsuit seeking $819,424 in alleged tax debt arising from an alleged scheme he used to dodge taxes in the 1970s by transferring property to his wife, Doris Boustany Reggie [29]. In 2004, the Internal Revenue Service agreed to dismiss its lawsuit following the receipt of $575,431 from the sale of property held by the Reggie family in New Orleans [30,31].


Apples don't fall very far from the tree.


153 posted on 04/22/2005 8:47:18 AM PDT by jackbill
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To: jackbill

Yeah, I see that. I sure hate to see "our" Reggie smeared just when he's going to be of value....lol. But facts are facts and Reggie ain't squeaky clean!


154 posted on 04/22/2005 8:50:07 AM PDT by onyx (Pope John Paul II - May 18, 1920 - April 2, 2005 = SANTO SUBITO!)
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To: jackbill
More from the Tulane article:

Like Father Like Son

Another of Reggie's sons, Raymond "Ray" Reggie, inherited his father's appetite for politics and became a consultant to well-known Democratic leaders including former President Clinton, former Vice President Gore, and U.S. Senators Hillary Clinton and Edward Kennedy. He also worked on the local campaigns of former New Orleans Mayor Marc Morial and Police Superintendent Richard Pennington. Ray Reggie, 43, engaged in fund raising, planned strategy, and placed advertising — the latter through Media Direct, his Poydras Street company in New Orleans which, at its peak in 2000, had about 40 employees and about $60 million in posted annual revenue [37].

Following the 2000 election season, Ray Reggie's business took a downward turn, and he set about to support his company by using several dubious schemes. Allegedly, he shifted funds from one bank to another to make his business appear more solvent than it actually was. He allegedly also fabricated documents to create the impression that his business had millions of dollars worth of work contracts and used the bogus contracts to convince lending institutions to advance him loans [37].

In one instance, Ray Reggie allegedly had an employee lease a mailbox in Washington, DC and impersonate a contracting officer for the U.S. Census Bureau. Reggie allegedly claimed to have a $18.5 million contract with the U.S. Census Bureau and allegedly used the bogus accounts receivable to apply for additional bank loans. Hibernia National Bank has sued Reggie for defaulting on a $6 million loan, and he allegedly is in debt to two other commercial lenders who advanced him money based on falsified claims. In the midst of its financial crisis, Media Direct ceased operation in 2002 [37].

Federal prosecutors have charged Ray Reggie with attempting to defraud three banks of millions of dollars. If convicted on all charges, he would face up to 35 years in prison and up to $1.25 million in fines [38]. However, as with his father, the younger Reggie's ties to prominent political figures may be to his advantage, and the crystal ball of history fortells that federal judges in New Orleans, especially if they have maintained a cozy relationship with Tulane, will seek ways to minimize any penalties.

188 posted on 04/22/2005 10:04:49 AM PDT by They'reGone2000 (Re-elect Rossi 2005!)
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To: jackbill

OMG! Victoria Reggie kennedy is a BANKING attorney and her father and brother FRAUDED BANKS!!! Wonder who taught them how to almost get by with it??? Geesh....unfreakingbelievable!


229 posted on 04/22/2005 12:59:06 PM PDT by Ann Archy (Abortion: The Human Sacrifice to the god of Convenience.)
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