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Banker Acquitted of One Charge in Phila.

January 29, 2005

PHILADELPHIA (AP) _ An investment banker accused of misleading FBI agents during an investigation into city corruption was acquitted Friday of one charge, but jurors continued to deliberate on a second charge against him.

Denis Carlson, a former executive at Janney Montgomery Scott, was accused of misleading agents in 2003 about his business dealings with two men at the center of the probe.

In finding Carlson not guilty on one count, the jurors decided there was no proof he was lying when he told FBI agents he did not let Philadelphia’s treasurer use his vacation condominium in exchange for contracts with the city.

Jurors were still weighing whether Carlson lied about the influence on city government held by Ronald A. White, a close friend and fund-raiser for Mayor John Street.

FBI agents tapped White’s telephones and bugged his law office for nine months, leading to charges that White, who died in November, tried to buy influence by making illegal payments to former Treasurer Corey Kemp. Kemp was also charged and is awaiting trial.

The wiretaps revealed that Carlson was among a number of business executives who regularly sought the help of the two men in obtaining city contracts.

Prosecutors have not charged Carlson with wrongdoing related to those lobbying efforts, but said he broke the law by telling two FBI agents that he didn’t believe either White or Kemp had influence in the Street administration.

Deliberations were scheduled to resume on Monday.

Street has not been charged and has denied doing anything wrong.

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