05:47 AM ET 06/02/00

Exec Admits Funneling Donations

http://www.infobeat.com/stories/cgi/story.cgi?id=2
567029776-8b0

By JEFFREY GOLD= Associated Press Writer=

NEWARK, N.J. (AP) _ Two international businessmen agreed to
illegally funnel donations to Sen. Robert Torricelli's 1996
campaign, hoping their businesses might prosper if he won, one of
the executives said.

Cha-Kuek Koo, an executive with a South Korean conglomerate,
pleaded guilty Thursday to making campaign contributions in the
name of another person, admitting he recruited eight ``straw''
donors at the behest of David Chang.

Chang, who operated several international trading companies, gave
him $20,000 cash to reimburse the donors in Torricelli's
campaign, Koo said.

Koo, 54, is the fifth person to admit wrongdoing with regard to
fund raising and has agreed to cooperate with the Justice
Department's Campaign Financing Task Force. The task force has
charged 25 people in connection with abuses in the 1996
elections.

Koo could testify against Chang, who is accused of directing
$23,000 in illegal donations _ separate from the $20,000 _ to the
Torricelli campaign. Chang and his former aide, Audrey Yu, are to
go on trial here Tuesday.

Torricelli's ability to raise $9.2 million in a 1996 race he won
over Rep. Richard A. Zimmer led to his appointment as chairman of
the Democratic Senatorial Campaign Committee.

Torricelli is not accused of any wrongdoing. He has maintained he
was unaware of the improper donations, which have since been
donated to charity.

Koo faces up to six months in prison, when he is sentenced Sept.
7.


http://www.imagemuse.com/



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