From the Times Ledger:
A real estate agent with questionable ties to U.S. Rep. Gregory Meeks (D-Jamaica) pleaded guilty Wednesday to defrauding financial institutions in order to obtain mortgages for homes in southeast Queens.
Edul Ahmad, who entered a guilty plea in Brooklyn federal court to conspiring to commit bank fraud and wire fraud, faces up to 30 years in prison and a $1 million fine.
There was speculation that prosecutors prodded Ahmad to give up information about $40,000 he gave to Meeks in 2007, which was being investigated by the House Ethics Committee. Meeks failed to report the money on his 2007, 2008 or 2009 financial disclosure statements, according to an Office of Congressional Ethics investigation, which found he took out a home equity loan in 2010 to repay Ahmad $59,650 in order to appear the money was a loan with interest.