Our mayor is arrested

Posted by on December 1st, 2008 at 03:49pm

johnibii wrote an interesting post today on
Here’s a quick excerpt

Larry Langford speaks to the kids.

Birmingham mayor Larry Langford was arrested by FBI agents at about 7:00 this morning. He’s charged with receiving $230,000 from an investment banker whose firm made more than $7 million off of bond financing business for Jefferson County. Langford was chairman of the county commission at the time.
The county is now heading toward bankruptcy because of the bonds, which were supposed to pay for upgrades to the sewer system. It’s looking inevitable, and it will be the largest municipal bankruptcy in U.S. history.
Langford is charged with accepting bribes from investment banker Bill Blount that were arranged through their mutual friend Al LaPierre, a lobbyist and former chairman of the Alabama Democratic Party. The criminal indictment against the three men runs to 101 counts. There’s also a civil suit pending from the Securities and Exchange Commission.
The local grapevine was humming by 8:30, and […]

Read the rest of this great post here

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