Standing before U.S. District Judge
He faces a maximum sentence of 30 years in prison, a
Assistant U.S. Attorney
Fattah, 31, who is also known as "Chip," was indicted in federal court last week with stealing hundreds of thousands of dollars intended for
The younger Fattah has denied the charges, calling the allegations "politically motivated."
"I have been successful in my business," he said last week. "I've earned every dollar legitimately and I don't think this is the way an investigation is typically handled."
Fattah's father, a 10-term congressman, said in a statement last week that he was confident his son would be cleared.
Gray said that in Amato's case, about
In court, wearing a gray business suit, Amato stated that he was a graduate of
Gray said Amato has admitted that he was procured to go to the banks by Fattah Jr.
Amato falsely claimed to be the CEO and sole proprietor
Gray said investigators found no evidence that such a company existed.
Gray said that after each line of credit was granted to Amato, he transferred or wrote checks to Chaka Fattah Jr. or to Fattah's education consulting firm, 259 Strategies.
Amato used a 2004 income tax return which Fattah had prepared for 259 Strategies, Gray said.
He said the income tax return Amato used indicated that 259 Strategies had earned about
"In fact, the company was not initiated until 2005. Banking records show there was no income in 2004," Gray said.
Amato's sentencing hearing was scheduled for
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