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Saturday, September 25, 2010

Paul Magliocchetti pleads guilty "Former lobbyist Paul Magliocchetti pleaded guilty Friday in federal court to illegally funneling more than $386,000 in corporate campaign contributions to lawmakers over a nearly six year period, a stunning fall from grace for one of Washington’s top influence peddlers.
Magliocchetti, a one-time high flying lobbyist and founder of the now-defunct PMA Group, could face as much as 15 years in prison and up to $1.7 million in fines after copping to three federal charges, although Magliocchetti’s lawyers and Justice Department prosecutors will urge a sentence of between five and six-and-a-half years in federal prison.
Magliocchetti admitted to using his in-laws and children to funnel donations to lawmakers beginning in 2003. In 2005, he began using employees of his lobbying firm to move campaign cash to members of Congress. Prosecutors said Magliocchetti’s goal was to “enhance his power and influence as a lobbyist.”"
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