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A court in Taipei has convicted Chao Chien-ming, the son-in-law of Taiwan
President Chen Shui-bian on insider stock trading charges and sentenced him to
six-years in prison. Chao Chien-ming was found guilty Wednesday of using
privileged information to buy shares of a partly state-owned property
development company. Chao's father, Chao Yu-chu, was convicted on similar
charges, plus embezzlement, and sentenced to eight years and four months in
prison.
President Chen's wife, Wu Shu-chen, is on trial with three presidential
aides on charges including embezzlement, forgery and perjury. Mr. Chen insists
he is innocent of any wrongdoing connected to the cases, but has said he would
step down if his wife is found guilty.
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President Bush has praised late former president Gerald Ford as "a
great American," who will be remembered for his devotion to duty,
personal character and the honorable conduct of his administration."
Bush said in a brief statement early Wednesday that Mr. Ford helped heal
the country and restore public confidence in the presidency with his
"quiet integrity, common sense, and kind instincts."
A White House spokesman says President Bush also spoke with Mr. Ford's
wife, former First Lady Betty Ford, to express his personal condolences.
Vice President Cheney, who was Mr. Ford's White House chief of staff, said
President Ford gave the country strength, wisdom and good judgment during
the United States' greatest constitutional crisis since the Civil War, and
restored the public's trust in the presidency.
Nancy Reagan, the widow of late President Ronald Reagan, praised Mr.
Ford for his "vast" dedication to the country. Mrs. Ford says
her husband's life was filled with "love of God, his family and his
country."
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