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

––––––––––––––––––––
 Subscribe to the Legal News!
 https://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