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Kerik Criminal Indictment Imminent

Former NYPD Commissioner: 'This Has Been An Emotional Nightmare'

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NEW YORK (CBS) ― As recently as Tuesday, Bernard Kerik was hoping to avoid a fate that now seems certain.

"I have no idea," Kerik told CBS 2 HD, when asked if he expected to be indicted.

But sources tell CBS 2 that prosecutors plan to announce an indictment against the former police commissioner by Friday. A grand jury is considering tax fraud, corruption and conspiracy charges.

That would plunge him back into severe legal jeopardy. And it could damage the presidential hopes of GOP candidate Rudy Giuliani, who is at a critical juncture with the Iowa caucuses less than two months away.

In an exclusive interview yesterday, Kerik seemed aware he could impact Giuliani's White House bid.

"It's horrible, and people have got to look at Giuliani for the person he is, the leadership skills he has, the management skills he has and what he can do for this country," he said.

Reports surfaced this week that Giuliani knew more about Kerik's relationship with Interstate Industrial Corporation than he's let on. He's responded by defending Kerik but apologizing at the same time.

"I should've done a better job of checking him out. I didn't and I've apologized for that," Giuliani said.

"The campaign is obviously concerned because Kerik's problems raise questions about Giuliani's judgment," added CBS News Justice Department correspondent Bobb Orr.

Kerik's troubles stem from his relationship with Interstate Industrial, which financed a six-figure renovation of his Bronx apartment while seeking a city license. The company has been accused of having ties to the mob.

"This has been an emotional nightmare for me and my family for the last three years," said Kerik. "You know, enough is enough."

Kerik has already pleaded guilty to an ethics charge. But for the past year, a federal grand jury has considered the matter and is apparently ready to indict.

If indicted, Kerik would surrender on Friday.

Stay with CBS 2 and WCBSTV.com for the latest on this developing story. 

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