![]() ![]() "To have made such blunders in my life, of course I feel remorse," he said softly. ![]() Wallach had asked that he be spared a prison term, in part out of consideration for his wife, three daughters and mother, 77. Wallach could be released after serving one-third of the six-year sentence. Owen sentenced Wallach to 18 years on four felony counts but allowed some of the terms to run concurrently. The two were ordered jointly liable for repayment of $1.1 million under racketeering laws and individually for lesser amounts. ![]() Rusty Kent London, 46, a Honolulu financial consultant, received a five-year prison term and was fined $250,000. Franklyn Chinn, 47, a San Francisco money manager and Meese's former investment adviser, was given three years in prison and fined $100,000. Two men convicted of helping Wallach conceal Wedtech payments and receiving bribes and fraudulent consulting fees also were sentenced today. Meese denounced the prosecutor before resigning from the Reagan administration in August 1988. The Wallach charges were among allegations in an independent counsel's investigation concluding that Meese "probably" violated criminal laws but that no prosecution was warranted. Meese, now a Heritage Foundation fellow and Washington consultant, said through a spokesman that he will make no comment until Wallach's appeals are exhausted. His lawyers have said he will appeal the conviction. Wallach, 55, remained impassive but looked pained when one of his daughters broke into tears in the front row during the judge's lecture. you committed perjury on the witness stand," Owen told Wallach. "Major government contract awards were being made because of your influence at the back stairs of the White House. In a long, blistering lecture, Owen described what he called a "litany" of wrongdoing by Wallach. before you even got the office," Owen said, referring to Wallach's conviction for accepting a $300,000 "advance payment" from Wedtech for services he agreed to render after receiving a high-level Justice Department post under Meese. to help that Bronx machine shop win federal contracts. District Judge Richard Owen, calling Wallach's behavior "sickening," also ordered the San Francisco personal-injury lawyer to forfeit $425,000 that he received from the now-defunct Wedtech Corp. Bob Wallach, whose efforts to trade on his 35-year friendship with former attorney general Edwin Meese III led to his conviction for fraud and racketeering, was sentenced today to six years in prison and fined $250,000. Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.NEW YORK, OCT. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. ![]()
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