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Former mayor of Birmingham gets 15 years for bribery

By Douglas A. Berman

As detailed in this Bloomberg report, in federal court today the "former mayor of Birmingham, Alabama, was sentenced to 15 years in prison for taking $241,000 in bribes in exchange for giving $7.2 million in sewer-bond and derivatives business to a friend who was an investment banker."  Here's more: Larry Langford, 63, was sentenced today by U.S. District Judge L. Scott Coogler in Tuscaloosa, Alabama. Jurors found in October that Langford, a Democrat, solicited cash, loan payoffs and designer suits from William Blount, the former head of a Montgomery, Alabama-based securities firm, and Albert LaPierre, a consultant. In return, Langford, then president of the Jefferson County Commission, used his power to bring Blount into deals, including a $3 billion refinancing of the county?s sewer debt led by JPMorgan Chase & Co...continue to full post

Full post as published by Sentencing Law and Policy on March 05, 2010 (boomark / email).