UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: LuckyDog2002 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 686197  
Subject: I can hear the racism charges now Date: 1/18/2013 6:41 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 8
Ray Nagin is indicted on corruption charges....


Enlarge image
Mayor Ray Nagin has been indicted on 21 corruption charges by a federal grand jury. They include "conspiracy to deprive citizens of honest services."

Chris Graythen/Getty Images
Former New Orleans mayor Ray Nagin has been indicted on 21 counts of bribery and other corruption charges by a federal grand jury. When he became the city's mayor in 2002, Nagin, a former cable TV executive, promised to revive New Orleans' economy, and its trust in the city's government.

From New Orleans, member station WWNO's Eileen Fleming reports for NPR's Newscast that Nagin faces charges of "wire fraud, money laundering, taking bribes and filing false tax returns. Nagin is accused of profiting from city dealings.... several businessmen have already pleaded guilty to paying Nagin in exchange for contracts."

One of those businessmen is Rodney Williams, who told a federal court in December that he gave more than $72,000 in bribes to Nagin in exchange for help winning engineering contracts. The charges against him include "conspiracy to deprive citizens of honest services."

"Despite New Orleans' reputation for political shenanigans, Nagin is the first mayor in the city's history to be indicted by a grand jury on corruption charges," reports The Times-Picayune.

As Eileen Fleming reports, "Nagin has consistently denied any wrongdoing."
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

Invest Better Hub
Take advantage of our newest free service, Invest Better!
New Fool-Branded Credit Card Available!
How does your card compare to ours?
Post of the Day:
iPIG Portfolio

Something Had to Change
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Facebook Fool Fan Club
Be a fan of the Fool over on Facebook!
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Get the Fool Phone App
Save and share content, zero in on sectors, podcasts, and much more!
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement