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Posted: 3/20/2013 5:22:41 PM EDT
DETROIT -
Ronald Zajac, of Northville, the general counsel of Detroit's two pension funds, and Paul Stewart, of Detroit, a former trustee of Detroit's Police and Fire Retirement System were both charged Wednesday with participating in a bribery and kickback conspiracy involving more than $200 million in investments before the two city of Detroit pensions, announced U.S. Attorney Barbara L. McQuade.

Zajac and Stewart were added as defendants in a superseding indictment that already had charged former city Treasurer Jeffrey Beasley and investment sponsor Roy Dixon with the bribery and kickback conspiracy. The charges were set forth in a 5th superseding indictment issued by a Detroit federal Grand Jury on Wednesday.





What more can be said about the shitbags of Detroit?


Link Posted: 3/20/2013 5:24:02 PM EDT



Detroit you say?

Shocking.


Link Posted: 3/20/2013 5:24:30 PM EDT
No way!
Link Posted: 3/20/2013 5:25:25 PM EDT
Detroit Wins Again
Link Posted: 3/20/2013 5:27:00 PM EDT
Something tells me those numbers are probably way low.
Link Posted: 3/20/2013 5:43:19 PM EDT
Say it isn't so! Not the hard working, honest people of Detroit.
Link Posted: 3/20/2013 5:51:45 PM EDT
Put those venal bastards in the arena with swords and spears and let them fight to the death.
Link Posted: 3/20/2013 5:53:35 PM EDT
Get used to these types of reports.

An emergency financial manager was appointed by the governor to oversee Detroit. The EMF will start working at the end of April. You can bet the shreaders are working overtime to destroy anything resembling evidence.
Link Posted: 3/20/2013 5:54:51 PM EDT
Corruption in Detroit city government?

Nahhhh! Can't be.

Link Posted: 3/20/2013 5:55:57 PM EDT
My baby didn't do nuffin
Link Posted: 3/20/2013 5:57:10 PM EDT
People in Detroit want the taxpayers in the rest of the state of Michigan to bail them out constantly, but as soon as Lansing starts to attach any kind of strings to the money, the following cry is heard:

...wait for it...

...wait for it...

RACISM!
Link Posted: 3/20/2013 6:00:06 PM EDT
Pretty much why I left my last job. Government whores voting themselves raises on the taxpayer funded system while doubling down on a cushy six figure pension for life.

Link Posted: 3/20/2013 6:05:46 PM EDT
Originally Posted By Traderjac:
Say it isn't so! Not the hard working, honest people of Detroit.
What's left of them...

Link Posted: 3/20/2013 7:21:41 PM EDT
I am shocked I tell ya, I am shocked!!!!!!
Link Posted: 3/20/2013 7:23:49 PM EDT
[Last Edit: 3/20/2013 7:24:05 PM EDT by fxntime]
Originally Posted By SouthHoof:
Get used to these types of reports.

An emergency financial manager was appointed by the governor to oversee Detroit. The EMF will start working at the end of April. You can bet the shreaders are working overtime to destroy anything resembling evidence.


Probably working harder now then they ever worked in their lives.
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