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Moby
12-01-2008, 11:21 AM
Government officials should not be above the law.

http://news.yahoo.com/s/ap/20081201/ap_on_re_us/birmingham_mayor_4

By JAY REEVES, Associated Press Writer Jay Reeves, Associated Press Writer 37 mins ago

BIRMINGHAM, Ala. The mayor of Alabama's largest city, a player in a multibillion dollar sewer bond deal that drove the surrounding county to the brink of bankruptcy, was arrested on Monday on federal criminal charges, an FBI spokesman said.

Larry Langford was taken into custody around 7 a.m. on Monday, FBI Spokesman Paul Daymond said. It wasn't immediately clear what charges he faces.

Authorities are planning to say more at a morning news conference.

Langford was president of the Jefferson County Commission before he was elected mayor last year. Birmingham is in Jefferson County.

He was accused in a Securities and Exchange Commission lawsuit of taking more than $156,000 from a friend whose firm made millions on risky bond transactions with the county for a new sewer system.

Those bonds went sour as the housing market plunged this year and credit costs skyrocketed and have pushed the state's largest county to the brink of bankruptcy.

The SEC accused Langford of taking the undisclosed payments and benefits from Montgomery investment banker Bill Blount, whose firm collected more than $6.7 million in fees on county bond transactions. The money was allegedly routed through Al LaPierre, a lobbyist who is a friend of Langford.

Langford, Blount and LaPierre have denied any wrongdoing and asked that the lawsuit be thrown out.

An attorney for LaPierre, Tommy Spina, told The Birmingham News that LaPierre would be surrender1ng later Monday. Spina did not immediately return a call for comment.

Associates at Blount's Montgomery firm said Blount was on his way to Birmingham.

(This version CORRECTS penultimate graf to read LaPierre surrendering, NOT Spina. Will be led. News conference set for 10:00 a.m. CST.)

SeniorChief
12-01-2008, 12:13 PM
Funny how the word "DEMOCRAT" is left off of the article.

Moby
12-01-2008, 01:23 PM
He's the Mayor. Do you really think he has much pull in the party?

SeniorChief
12-01-2008, 01:25 PM
He's the Mayor. Do you really think he has much pull in the party?

I believe you know what I meant by that comment.

Hog Trash
12-01-2008, 06:52 PM
Funny how the word "DEMOCRAT" is left off of the article.That's usually how the liberal news media works also, unless of course their reporting on Republicans....Apparently, SM's picking up some of their bad reporting habits.

SeedyROM
12-01-2008, 06:54 PM
Funny how the word "DEMOCRAT" is left off of the article.

"Democrat" was sanitized for anti-1st Amendment reasons. It is against DCJunkies.com policy to tell the truth about crooked DemaRats!!!:D