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Once courted by influence seekers for his direct access to the White House, former Reagan Aide Michael Deaver now stands almost alone. His formerly lucrative Washington consulting business is down to two clients, and Deaver will not disclose their names. He has missed the deadline for his book about Ronald and Nancy Reagan, worth a reported $500,000 advance from Publisher William Morrow a year ago. A late convert to physical fitness, Deaver, 48, has even taken to smoking again. Last week he had all the more reason to puff away: after a ten-month investigation by an independent counsel...

Author: /time Magazine | Title: The Bill Comes Due for Deaver | 3/30/1987 | See Source »

Outwardly, Deaver maintained his equanimity in the wake of the long expected indictment. In a prepared statement Deaver asserted, "I am confident that I have not committed any perjury." He took comfort in the fact that he was not accused of more substantive conflict-of-interest charges, a development that led Deaver and observers in the Washington legal fraternity to suspect that Independent Counsel Whitney North Seymour Jr. does not have a particularly strong case against...

Author: /time Magazine | Title: The Bill Comes Due for Deaver | 3/30/1987 | See Source »

...page indictment accuses Deaver of deliberately lying three times to the federal grand jury and twice to the congressional subcommittee that first looked into his lobbying activities. The grand jury says Deaver lied when he denied participating in White House discussions on acid rain on behalf of the government of Canada, one of his first clients, and he lied about arranging a meeting between President Reagan and an emissary from the government of South Korea. He also perjured himself or made false statements, said the indictment, about his lobbying efforts for the Smith Barney brokerage firm...

Author: /time Magazine | Title: The Bill Comes Due for Deaver | 3/30/1987 | See Source »

...Although Deaver is the second top-level Reagan official to be indicted on criminal charges,* he has earned a dubious renown for becoming the first former Government official to face charges resulting from an independent counsel's efforts. That distinction has palpable consequences: the indictment means the Federal Government will not reimburse Deaver for his staggering legal costs, now more than $500,000, unless his lawyers sue to recover them in the event that the charges are dismissed...

Author: /time Magazine | Title: The Bill Comes Due for Deaver | 3/30/1987 | See Source »

After initially asking for an independent counsel to look into his affairs and clear his name, Deaver blocked his indictment for three weeks by challenging the constitutionality of the 1978 Ethics in Government Act, which provides for such special prosecutors. Two lower courts dismissed his arguments, and Deaver's final appeal was turned down by Supreme Court Chief Justice William Rehnquist just hours before the grand jury returned the bill against...

Author: /time Magazine | Title: The Bill Comes Due for Deaver | 3/30/1987 | See Source »

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