WASHINGTON -- Former PaineWebber Inc. vice president Lance Wilson is expected to be indicted soon by a federal grand jury on charges that he falsified a letter committing the company to provide taxable bond financing for a Florida development in order to obtain a federal grant for the project, a source close to the investigation said.

The deal, the Wedgewood Plaza shopping mall in Riviera Beach, was a project of Mr. Wilson's business partner, Leonard Briscoe, a Florida developer who in July was the first to be indicted as a result of the one-and-a-half-year investigation by special prosecutor Arlin Adams into the so-called HUD scandal.

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