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‘Cold Cash’ Trial Set to Begin

Justice may be blind, but it sure ain’t quick. Forty-six months after federal agents found $90,000 of aluminum-wrapped cash in his freezer, and thirty-seven

Jul 31, 2020
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Justice may be blind, but it sure ain’t quick.
Forty-six months after federal agents found $90,000 of aluminum-wrapped cash in his freezer, and thirty-seven months after FBI agents raided his office on Capitol Hill, former Rep. William Jefferson (D-La.) begins trial today in Virginia on charges that he sought cash in exchange for promoting U.S. business deals in Africa.
There’s plenty of intrigue here, as even the most casual observers of this saga have been curious how Jefferson intends to explain the choice of safety-deposit box that earned him the nickname “Cold Cash.” Meanwhile, The Hillyesterday briefly summarized the line of defense his lawyers plan to peddle:
The attorneys argue that the $100,000 Jefferson allegedly received in exchange for promoting donors’ business interests in the U.S. and Africa, including $90,000 found in his freezer, was not illegal because his dealings were related to private business and were not “official” in nature.
Good luck with that.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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