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News Link • Corruption

SEC charges ex-Detroit mayor Kwame Kilpatrick in investment scheme

• The Lookout

The Security and Exchange Commission today charged the former mayor of Detroit Kwame Kilpatrick with secretly exchanging lavish gifts to peddle his influence over the investment process of the city's pension funds.

The SEC also charged Jeffrey W. Beasley, the former city treasurer and investment adviser to the pension funds along with Kilpatrick.


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