WASHINGTON -- In a case that echoes the Jack Abramoff influence-peddling scandal, two northern California Republican congressmen used their official positions to try to stop a federal investigation of a wealthy Texas businessman who provided them with political contributions.
The congressmen, John T. Doolittle and Richard W. Pombo, joined forces with former House Majority Leader Tom DeLay of Texas to oppose an investigation by federal banking regulators into the affairs of Houston millionaire Charles E. Hurwitz, documents recently obtained by the Los Angeles Times show. The Federal Deposit Insurance Corporation was seeking $300 million from Hurwitz for his role in the collapse of a Texas savings and loan that ultimately cost taxpayers $1.6 billion.
The investigation was ultimately dropped.
No comments:
Post a Comment