After 18 years, fraud case that dogged Jeb Bush ends
A long-running federal fraud case involving Jeb Bush, a Nigerian billionaire, a South Florida pump company and allegations of fraud, bribery and suitcases full of cash has finally run its course, with the company accused of ripping off the government cleared of any liability.
The U.S. Supreme Court declined to take up the case Monday, effectively ending the epic whistleblower saga in which the government had accused politically-connected Deerfield Beach-based Moving Water Industries of fraudulently obtaining more than $74 million in federal Export-Import Banks loans for Nigeria to buy MWI water pumps in 1992.
"MWI is a small family-owned business located in Deerfield Beach since 1926 and this case has been extremely costly in terms of legal fees incurred and lost business since 1998," said MWI vice president and general counsel William Bucknam. "We are looking forward to resuming our previous international business activities providing pumps to grow food, mitigate flood waters and provide a source of safe drinking water in remote villages without electricity."