'Oh Jesus!': Corrupt Businessman Crumples After Getting 3-Year Prison SentenceProsecutors have said the 52-year-old cost Detroit pension funds more than $23 million in a business deal.
Former Detroit Treasurer, Pension Officials Convicted In Fraud CaseA former Detroit treasurer and two pension officials who served under ex-Mayor Kwame Kilpatrick have been found guilty of conspiracy to commit fraud.
Court Filing: SEC Seeks $390,000 From Kwame KilpatrickIt looks like former Detroit Mayor Kwame Kilpatrick has another big bill to pay.
Bills Propose $195 Million Payment To Detroit From State's Savings AccountLawmakers introduced legislation late Thursday to use about $195 million from Michigan's savings account to help bankrupt Detroit.
Judge Approves Detroit Swaps Deal With 2 BanksThe $85 million "swaps deal" is a key to Emergency Manager Kevyn Orr's plan to restructure Detroit's overwhelming debt.
Detroit To File $85 Million Deal With BanksThe city of Detroit has reached yet another tentative agreement to settle a pension debt with lenders.
Short-Term Agreement Reached To Protect City Of Detroit Workers And Retirees' Health Care The city of Detroit and its retirees were able to reach an agreement over health care benefits Friday ...