Federal investigators offered to end their criminal investigation of Bernard B. Kerik, the city’s former police and correction commissioner, in exchange for his pleading guilty to charges that he engaged in federal tax fraud and wiretap conspiracy, but he refused, according to Mr. Kerik’s lawyer and a person briefed on the case.
[T]he proposed deal would have required Mr. Kerik to serve some time in prison, and is one indication of how seriously federal prosecutors view the allegations.
Daniel C. Richman, a former federal prosecutor who is now a professor at Fordham University School of Law, said that when plea negotiations fail, federal prosecutors nearly always seek an indictment.
An indictment would be a setback for the presidential campaign of [Rudolph] Giuliani, who supported Mr. Kerik in his failed bid to become the nation’s Homeland Security director in 2004.
Popcorn, people. Pass it.