March 5, 2010
Former mayor of Birmingham gets 15 years for briberyAs detailed in this Bloomberg report, in federal court today the "former mayor of Birmingham, Alabama, was sentenced to 15 years in prison for taking $241,000 in bribes in exchange for giving $7.2 million in sewer-bond and derivatives business to a friend who was an investment banker." Here's more:
Larry Langford, 63, was sentenced today by U.S. District Judge L. Scott Coogler in Tuscaloosa, Alabama. Jurors found in October that Langford, a Democrat, solicited cash, loan payoffs and designer suits from William Blount, the former head of a Montgomery, Alabama-based securities firm, and Albert LaPierre, a consultant. In return, Langford, then president of the Jefferson County Commission, used his power to bring Blount into deals, including a $3 billion refinancing of the county’s sewer debt led by JPMorgan Chase & Co. “I am sorry all this has occurred,” Langford said in court before the decision.
Prosecutors had asked Coogler for a term of at least 24 years.... “He destroyed the public’s trust in government, and he still attempts to shift blame for his own conduct,” Assistant U.S. Attorney George Martin said before Langford’s sentence was handed down. Later, Martin said the sentence was fair and would serve as a message to other politicians.
March 5, 2010 at 03:58 PM | Permalink
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That’s great to hear! Please let us know what you think of it. I am greatly enjoying it, myself.Thanks for the update.
Posted by: Lorriefauver | Mar 5, 2010 11:34:11 PM