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Friday
Jan072011

John Edwards Affair: Federal Grand Jury Weighs Possible Indictments

Photo Courtesy - ABC News(RALEIGH, N.C.) -- A prominent financial backer of John Edwards was among those appearing this week at a federal courthouse in Raleigh, North Carolina, where a grand jury has been hearing evidence in a probe of the disgraced former senator and presidential candidate's finances.

Michael Cucchiara, a North Carolina real estate developer who became a close friend and supporter of Edwards, was observed walking into the courthouse Thursday morning.  He entered without making any comment.

A decision is expected early this year on whether to seek indictments in connection with more than $1 million that was used to help conceal Edwards' affair with Rielle Hunter, multiple sources told ABC News.

Though grand jury proceedings are secret, Edwards and his attorneys have acknowledged the investigation and have expressed confidence that no campaign funds were used improperly and that no laws were broken.

Sources with knowledge of Cucchiara's relationship with Edwards say that he is one of the former senator's few remaining confidants.  Their friendship got its start four years ago, after Cucchiara made a $2 million donation to a poverty center at the University of North Carolina that was then directed by Edwards.

Copyright 2011 ABC News Radio







ABC News Radio