Adam Kidan

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Adam Kidan pleaded guilty to conspiracy and fraud on December 15, 2005, and "two other felony counts were dropped. He could receive up to 10 years in federal prison at sentencing March 1[, 2006]," Curt Anderson reported for the Associated Press. "Kidan's plea bargain is likely to require that he cooperate in the case against [Jack] Abramoff involving the SunCruz Casinos deal and perhaps even testify against his old partner."

Kidan and Jack Abramoff had both faced trial scheduled for January 9, 2006, on the bank fraud charges. [1]

"[P]ressure on Kidan [had] been growing since August [2005], when he and once-powerful Washington lobbyist Jack Abramoff were charged in a federal indictment with defrauding lenders in their $147 million purchase of Boulis' SunCruz in 2000." [2]

See "The Boulis Timeline" posted September 28, 2005, by the South Florida Sun-Sentinel.


Profiles

"Prior to his ownership of Dial-A-Mattress, Adam Kidan was managing partner of a New York City law firm where he specialized in corporate matters. Also while in New York, he owned a chain of bagel stores. Prior to practicing law, he was appointed president of the Four Freedoms Foundation, where he organized economic development programs for Eastern Europe and developed fundraising programs.

"Kidan currently serves on the board of directors of the Laurel Regional Hospital Foundation and Greater D.C. Cares and on the Women's Issues Leadership Committee of the Washington Hospital Center. He is also a member of the board of the Washington Hebrew Congregation, Greater Washington Urban League and chairman of the District of Columbia Chamber of Commerce Political Action Committee." --April 7, 1998, Press Release, George Washington University, Hoffman Lecture Series.

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