As TalkLeft reported weeks ago, Bernie Kerik, Giuliani pal and NYC former police commissioner Bernie Kerik, best known for his short-lived nomination by Bush as Homeland Security chief, appears headed for indictment.

Today's update:

Federal prosecutors have told Bernard B. Kerik, whose nomination as homeland security secretary in 2004 ended in scandal, that he is likely to be charged with several felonies, including tax evasion and conspiracy to commit wiretapping.

Kerik's indictment could set the stage for a courtroom battle that would draw attention to Kerik's extensive business and political dealings with former New York mayor Rudolph W. Giuliani, who personally recommended him to President Bush for the Cabinet. Giuliani, the front-runner for the 2008 Republican presidential nomination according to most polls, later called the recommendation a mistake.

At least Kerik should have plenty of money for legal fees.

Records filed with the Securities and Exchange Commission show Kerik had earned more than 6.2 million dollars in pretax profits through stock options he was granted by Taser International, a manufacturer of stun guns.