December
2014
Sunday, March 11, 2012
ROBERT SNELL, The Detroit News
Submitted by: Editor

Kwame’s Buddy Extorted $58.5 Million

Federal authorities indicated contractor Bobby Ferguson, close friend of disgraced former Detroit Mayor Kwame Kilpatrick, on charges of bribery, extortion and money laundering this past week.

[Detroit News] Indicted contractor Bobby Ferguson obtained more than $58.5 million by extorting contractors and through other illegal conduct, and he spent a fraction of the money on his kids' college education, his girlfriend and construction equipment, according to federal court records.

According to a Detroit News investigation from 2008, Ferguson won approximately $170 million in no-bid city contracts when Kilpatrick was Mayor.

We'll be curious to see how deep the corruption goes once the trial gets underway in May.

Posted by Editor on 03/11/12 at 12:26 PM •  (0) Comments

Tags:  fraud, corruption, detroit,

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