Meeks' Money Man Eyes Deal With Feds
A Queens businessman who is in the center of a phony loan that has Congressman Gregory Meeks in the crosshairs of the House Ethics Committee is negotiating a deal with federal prosecutors, according to a recent published report in the New York Post.
Meeks has been charged by the Ethics Committee of taking a $40,000 “loan” from Queens businessman Edul Ahmad, a loan that had no interest and no payback schedule.
Ahmad was arrested last July on charges of operating a $50 million mortgage fraud scheme. He faces a maximum of 30 years in jail and is out on $2.5 million bail.
“The extensive plea negotiations are scheduled to stretch to the end of February,” the Post reported, “leaving some to wonder if Meeks’ pal Ahmad is helping the feds with other targets.”
Ahmad’s relationship with Meeks came under intense scrutiny last year after the Congressman, who represents the eastern end of the Rockaway peninsula, revealed that he received the $40,000 payment from Ahmad in 2007. Meeks only revealed the payment after Ahmad was questioned by the FBI last year. He repaid the money after the FBI became interested in the transaction.
The Ethics Committee is probing whether the money was a gift and not a loan, as Meeks has maintained.
Meeks is under investigation for his ties to a non-profit corporation and its spinoff Hurricane Katrina charity.