DETROIT (WWJ/AP) – A former Detroit treasurer and two pension officials who served under ex-Mayor Kwame Kilpatrick have been found guilty of conspiracy to commit fraud.
The three officials were convicted Monday in a case alleging they accepted bribes and kickbacks in corrupt deals that cost the city’s troubled pension funds about $97 million in losses.READ MORE: Second Shipment Of Baby Formula To Arrive In US, Abbott To Restart Plant June 4
Former Treasurer Jeffrey Beasley was convicted of conspiracy, two counts of extortion and bribery. He faces up to 20 years in prison for conspiracy, 20 years for extortion and 10 years for bribery. He was acquitted on three extortion counts.READ MORE: Justen Watkins, 25, Leader White Supremacist Group Sent To Prison
Former pension fund lawyer Ronald Zajac and former Police and Fire Retirement System Trustee Paul Stewart were also convicted of conspiracy.
Kilpatrick was convicted in March, 2013, of a sweeping scheme to enrich himself and his friends through fixed contracts, bribes and kickbacks. He remains behind bars, serving out his 28-year sentence.MORE NEWS: Lawsuit Accuses 3 Automakers, Parts Manufacturer Of Knowingly Selling Faulty Airbags
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