Tags: Hillary | Aide | Trial | Begins | Today

Hillary Aide Trial Begins Today

Tuesday, 10 May 2005 12:00 AM

According to the event's organizers, it raised nearly $1 million for Hillary's campaign and the national and New York State Democratic parties.

Rosen is charged with falsely reporting that the event cost about $400,000 to stage, when it actually cost more than $1.2 million.

An FBI agent involved in the case alleged that Rosen under-reported the costs to skirt federal financing rules, allowing Mrs. Clinton to spend more money elsewhere.

Former Hollywood mogul Peter Paul's allegations spurred the four-year FBI probe into the fundraiser.

Paul claims he helped finance the party in an attempt to lure former President Bill Clinton into participating in an Internet venture he had launched with Spider-Man creator Stan Lee.

Paul pleaded guilty in March to bilking investors in his company out of $25 million.

Paul has also served as cooperating witness for the government in its case against Rosen.

Paul has filed a lawsuit against the Clintons for fraud, claiming they turned against him in the venture after learning about his record.

Another organizer of the fundraiser, Aaron Tonken, is serving a five-year prison sentence for defrauding charities out of hundreds of thousands of dollars.

"Mr. Rosen's defense is that Tonken and Paul concealed the expenses from him," Rosen's attorneys disclosed in a motion filed with U.S. District Judge A. Howard Matz, who will preside over the trial in a Los Angeles federal courtroom.

But in court documents, prosecutors said a witness would testify that when questions about the gala were raised, Rosen said he would blame Paul and Tonken and "no one would believe their word over him."

If convicted, Rosen could face up to 15 years in prison and a $750,000 fine.

Sen. Clinton is not expected to testify at Rosen's trial. But the proceedings are sure to be closely watched for any disclosures that might offer ammunition to Republicans seeking to derail her re-election next year and her potential run for president in 2008.

Paul said Monday that he intends to call Sen. Clinton to testify in his civil suit. He called her testimony "a critical component" in uncovering the truth behind the 2000 fundraiser.

102

© 2019 Newsmax. All rights reserved.

   
1Like our page
2Share
Pre-2008
According to the event's organizers, it raised nearly $1 million for Hillary's campaign and the national and New York State Democratic parties. Rosen is charged with falsely reporting that the event cost about $400,000 to stage, when it actually cost more than $1.2...
Hillary,Aide,Trial,Begins,Today
354
2005-00-10
Tuesday, 10 May 2005 12:00 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved