WASHINGTON - Former PaineWebber Inc. vice president Lance Wilson provided a bond financing commitment letter on the same day he was told it was needed to secure a grant for a business partner's commercial development project in Florida, a top former housing official testified Friday.

The letter, which the prosecution has presented as key evidence in Wilson's fraud and conspiracy trial before the U.S. District Court here, stated that PaineWebber had done "all necessary due diligence" in pledging to underwrite $6.7 million of taxable bonds for the Wedgewood Plaza Mall development in Riviera Beach, Fla.

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