The lawsuit against Norm Coleman's buddy Nasser Kazeminy could be put on hold if a new court filing is accepted, according to the Associated Press. Deep Marine Technology, where Kazeminy is a shareholder, is asking to delay the lawsuit for two months to allow for an investigation. Kazeminy is accused of trying to funnel $75,000 to Coleman through his wife's company in Minnesota.
Kazeminy has denied the allegations. Coleman has denied ever receiving funds from Kazeminy or knowing about the possible funneling of funds. If he didn't receive any of the cash, he probably wishes he did. Politico has an interesting report on Coleman's money troubles.
The filing this week by attorneys representing Deep Marine Technology Inc. said the lawsuit by the company's former chief executive officer should be put on hold for at least two months. The court document said that would afford time for a special investigation commissioned by the company's board.
In the new Texas filing, attorneys representing Deep Marine's interests also said that McKim didn't follow the proper steps for bringing his case nor has he been accessible since lodging the charges.
"Paul McKim figures prominently in the investigation, and has to date refused to cooperate in giving a deposition," the filing said.Coleman has said that the lawsuit was politically motivated as the details came out the week before Election Day. He said he welcomes an investigation.
Politico pulled Coleman's mortgage data to show us that Coleman is just like all of us! How comforting. In the last 14 years since he and his wife bought their home in St. Paul, they have refinanced or revised their mortgage 12 times.
The documents aren't especially sinister -- but they paint a portrait of a politician, who, like just about every other homeowner in the country, used his primary residence as an ATM machine as real estate prices spiked.
It appears from the filings that Coleman and his family piled up a huge increase in their debt -- rising from a $172,000 first mortgage to a final $775,000 30-year loan registered in 2007.
"Like millions of other Americans, Senator Coleman has refinanced the same home he and his family have lived in St. Paul over the years to fix it up, secure more credit and get better loan rates," explained his spokesman Mark Drake.Read the full details of his mortgage history here.