At the time he made these admissions to FIB, Symington was attempting to renegotiate two multi-million dollar loans with FIB that he had personally guaranteed. According to the indictment, the Arizona State University lease was subject to cancellation if the Arizona Legislature failed to approve funds to make the lease payments. The indictment is the second indictment to be handed down as part of an ongoing investigation being conducted by the United States Attorney's Office for the Central District of California, acting as Special Attorneys to the United States Attorney General, and the FBI in Phoenix, Arizona. Trial in that case is currently set for July 23, 1996. United States Attorney Manella and Special Agent in Charge Gebhardt said the investigation is continuing.
Every defendant is presumed innocent until proven guilty.
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