(8 Nov 1995) English/Nat
Boxing promoter Don King has appeared in a U-S court for final arguments in a case accusing him of fraud.
Prosecutors claim King's company lied to Lloyd's of London by asking for 350-thousand U-S dollar for a 1991 cancelled bout.
King says he knew nothing of the details on the claim but prosecutors say his own comments in court link him to the deal.
Prosecutors are said to be confident of their case against promoter King, who arrived Wednesday morning to hear the final arguments in the fraud case against him.
King denies that he knew officials of his company lied to Lloyd's of London by asking for a 350-thousand dollar claim for a 1991 cancelled bout.
But on Monday, King admitted in court testimony that he knew the deal was made by his former accountant.
That testimony could be enough to sway jurors of his guilt.
SOUNDBITE:
"But when he took the stand he said that the central figure in the case, the 350-thousand dollar insurance claim that was made to Lloyd's of London in which Lloyd's paid was a made up figure. That established that something was wrong here and if the jury concludes it was King who caused that wrong to be committed they could decide to convict."
SUPER CAPTION: Larry Neumeister. Associated Press writer
If convicted, King could face up to 45 years in prison and fines of two (m) million dollars.
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