Tuesday, December 21, 2010

"Zee Zee" cleared by Magistrate Judge Johnson

That's Fort Lauderdale cardiologist and prominent Republican fundraiser Zachariah Zachariah (George Bush called him Zee Zee), who was charged civilly with using insider information to make $1 million in illegal stock profits in 2005. He was represented by Curt Miner of Colson Hicks. From John Pacenti's article in the DBR:

[Judge] Johnson said the evidence was not sufficient to show that Zachariah "would be willing to jeopardize his reputation and his career and put his family in harm’s way all for the opportunity to make what was an insignificant profit to him in light of his means at the time."

U.S. District Judge Kenneth Marra adopted Johnson’s findings on Monday, issuing a final judgment in Zachariah’s favor.

Zachariah’s attorney, Curtis Miner, a partner at Colson Hicks Eidson in Coral Gables, said Johnson’s decision is "a pretty stinging rebuke of the government’s case. She said the government’s argument strained credulity."

In a statement, Zachariah said: "I have great faith in our justice system, and I always knew I would be fully vindicated. The government put me through a long ordeal, but I am very happy to turn 100 percent of my attention back to my medical practice. "

Zachariah practices at Holy Cross Hospital in Fort Lauderdale.

Zachariah’s bench trial in front of Johnson lasted nine days over two months this fall.

1 comment:

Anonymous said...

WOW! A million dollars is insignificant? Even if you are a billionaire, is a million dollars ever insignificant to the point where you can be absolved of wrongdoing because a million dollars wouldn't be worth your time?

I guess it's not a defense available to poor people.

BTW: think what you will of W, the dude was great with nicknames.