Former Detroit Mayor Kwame Kilpatrick is facing federal civil charges of taking part in an influence-peddling scheme involving the city’s public-employee pension funds.
The Securities and Exchange Commission says Kilpatrick and ex-city treasurer Jeffrey Beasley received $125,000 in private jet travel and other perks from an investment firm. The SEC says that was in exchange for getting the city’s pension fund to make an investment favoring the firm.
Kilpatrick and Beasley violated federal securities laws, the SEC alleged in a civil lawsuit filed Wednesday in federal court in Detroit.
MayfieldGentry Realty Advisors, the investment firm, asked the pension funds’ trustees to invest $117 million in a real estate investment trust controlled by the firm, the SEC said.
Kilpatrick and Beasley were among the trustees in 2006 and 2007. The SEC says the two should have told the other trustees that they received perks from the investment firm.
The SEC also accused the investment firm and its CEO, Chauncey Mayfield, of taking part in the influence-peddling scheme in violation of federal securities laws. It said the firm received millions of dollars in management fees from the pension funds’ decision to invest.
Lawyers for Kilpatrick, Beasley and Mayfield didn’t immediately return phone calls seeking comment. Peter Zeidenberg, a lawyer representing MayfieldGentry, declined to comment.
Kilpatrick and his father are accused of taking kickbacks and bribes to steer city business to certain contractors. Their corruption trial is set for September in federal court in Detroit.
Beasley was indicted in January on federal criminal charges of extortion, attempted extortion and conspiracy related to investments by the city employee pension funds.
In its court filing, the SEC said Kilpatrick, Beasley, Mayfield and the firm engaged in “brazen influence-peddling and betrayal of the public trust.”
The agency said Kilpatrick and Beasley “secretly solicited and received lavish gifts” from Mayfield and his firm, including a trip by private jet to Las Vegas with luxury hotel accommodations, concerts and rounds of golf.
The SEC is seeking unspecified fines and restitution from the four defendants, and an injunction barring Kilpatrick and Beasley from participating in any decisions involving investments by public pensions
türkiyenin en iyisohbet-chat sunucusu olacagiz.
Aynı zamanda film izleme sitemizde olacak tabiki.
sohbet sitelerive mynet sohbet
sohbet odalari kelimesindede geldikmi mirc indir tamamdır.
islami sohbet i unutmayalım
tesettur giyim de favorim.:P
baktık oldu, chat odaları-cinsel sohbet-chat siteleri
Can’t find cruise info on Black America.I find it extremely critical to discuss for our youth, because of the perpetuation of stigmas against African-Americans, most horridly those brought on by cialis.
küpeşte
sineklik
cialis
şifalı bitkiler
web tasarım
seo
cialis
cialis merkezi
Useful information shared.I am very happy to read this article.thanks for giving us nice info.Fantastic walk-through. I appreciate this post.Influence Peddling
sohbet odaları – chat odaları – cinsel sohbet
It’s easy to bring a free blog to life on glowindia.com You’ll find everything you need to grow a dynamic blog for you or your group or your business.
cam balkon
alüminyum
seo
cam balkon
epoksi
av malzemeleri
balık malzemeleri
cam balkon ;
gelinlik
düğün salonu
cam balkon
Hi, visited your site before, but I can not say I’ve come across while surfing the internet, and now we get to see the information I needed. First of all thank you for it. Other than that I am adding your web site and post your favorites kullanınlarıma then be my chance to follow in an orderly manner. mynet sohbet mynet sohbet mynet sohbet mynet sohbet sohbet sohbet odaları chat sohbet chat mirc limewire Because of maturity in your writing and knowledge content, thank you again and good luck.
Though not very good at this kind of foreign language issues I’m chasing a little more development. So sorry. : )
Sohbet Chat sohbet sohbet sohbet sohbet chat sohbet