––––––––––––––––––––
Subscribe to the Legal News!
http://www.legalnews.com/Home/Subscription
Full access to public notices, articles, columns, archives, statistics, calendar and more
Day Pass Only $4.95!
One-County $80/year
Three-County & Full Pass also available
- Posted August 05, 2014
- Tweet This | Share on Facebook
Kilpatrick hit with big fine in SEC case
DETROIT (AP) - The bill keeps growing for former Detroit Mayor Kwame Kilpatrick.
A judge has ordered him to pay hundreds of thousands of dollars for accepting money and trips from city pension advisers. Kilpatrick didn't respond to a lawsuit filed by the U.S. Securities and Exchange Commission.
Federal Judge Victoria Roberts last week ordered Kilpatrick to pay a penalty of $390,000. He and former city Treasurer Jeff Beasley are also on the hook for $162,000, the value of the gifts plus interest.
Kilpatrick is serving a 28-year prison sentence for corruption. He owes more than $4 million to the Detroit water department, a conservative estimate of the profits enjoyed by a contractor who got excavation work with Kilpatrick's help.
He resigned as mayor in 2008.
Published: Tue, Aug 05, 2014
headlines Oakland County
headlines National
- 50 Years of Service: ABA has been a ‘stalwart ally’ for LSC funding
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Biden recalls time he bluffed knowledge of torts case and why he changed his mind about civil-trial work
- Lawyers’ ‘barrage of personal attacks’ on opponents started with tissue-box toss, appeals court says
- Longtime prosecutor resigns after judge tosses him from case, citing Perry Mason-type revelations
- 24% of law students expect to work in public service, survey says