Originally created 03/01/97

Borison free on bond

After 10 days of jail and three days of paperwork, fraud suspect Richard Borison was released on bond Friday.

Dr. Borison left the jail with his attorneys around 6 p.m. and stepped into a waiting car, where he joined family members.

"It feels fine," Dr. Borison said of his release. He referred all further questions to his attorney, Michael Garrett.

Bruce I. Diamond - Dr. Borison's co-worker at the Medical College of Georgia - was still incarcerated late Friday night.

Mr. Garrett said Dr. Borison's biggest concern was for his patients.

"He was treating a lot of patients suffering from depression, and they form dependencies a lot of times and need their therapist," Mr. Garrett said.

Patient care from Dr. Borison's practice have been turned over to psychiatrist Everett Kuglar, Mr. Garrett said.

The two researchers are accused of stealing more than $10 million in research funds from MCG over a nine-year period. A 172-count indictment against them also accuses them of bribery, racketeering and income tax evasion.

People close to Dr. Borison put up securities and real estate to help get the researcher out on bail.

"It took a coordination of friends and family and people that cared about him in the community," said attorney Richard Ingram, who put together the bond deal and has been invited to be part of the defense team.

The paperwork - not the money - has kept Dr. Borison behind bars longer than his attorneys had hoped. Because of the size of the bonds - set at $1 million each - Augusta Judicial Circuit Judge Albert M. Pickett asked to review the finances of any bondsman in the case to make sure they can come up with $1 million if either of the doctors flee the area.

Investigators believe the two researchers were considering leaving town just prior to their arrest, according to an affidavit filed last week.

Dr. Diamond was carrying $9,900 in cash, a cashiers check worth $60,000 and a passport, according to the affidavit.

Investigators also found was a note with words scratched out that allegedly relate to fleeing the country. Investigators believe the note is Dr. Borison's handwriting, according to the affidavit.

"Legally, Jay can not advise us to flee the country to escape criminal charges. If he did, he could be disbarred...," the note states.

Mr. Garrett said there is no chance his client, Dr. Borison, will flee.

"Richard Borison made the determination that he was going to fight this out to the finish the very first time he was made aware that the Medical College of Georgia had objected to the way he handled his business affairs," Mr. Garrett said.

The next step will be to put together a defense team, said Mr. Garrett.

"The issues of this case are civil and political," he said. "There are national issues involved here as to what is the proper way to fund medical research where the researchers are connected to institutions. This is a political decision to make whether the states will, by laws, make all research monies the property of the institutions.

"To my knowledge, the state of Georgia has not done that yet," he said.


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