More federal indictments - trustee, attorney of Detroit pension fund [[kickbacks)

[TexasT]

After 30 years of working for the city’s two pension funds, attorney Ronald Zajac was indicted today on charges he was part of a bribery and kickback scheme involving more than $200 million in Detroit pension fund investments.

Paul Stewart, a former trustee of Detroit's Police and Fire Retirement System, also was charged with participating in the scheme, according to the U.S. Attorney’s office.

Zajac and Stewart were added as defendants in a superseding – or new -- indictment that had already charged two others in the conspiracy: former city Treasurer Jeffrey Beasley, who was a fraternity brother to former Detroit Mayor Kwame Kilpatrick; and investment sponsor Roy Dixon.

http://www.freep.com/article/20130320/NEWS01/130320076/Feds-indict-ex-Detroit-pension-fund-attorney-trustee-alleged-bribes-kickbacks

USAO is kicking ass and taking names. Keep them coming...

[Hypestyles]

interesting-- not that this "matters" [[to certain folks) but what is the race of these two gentlemen? A lot of the pushback to the Kilpatrick case involved the assumption that only blacks were being prosecuted, though if one were to sift through the laundry list of folks connected to it who pled out, etc., that was not really the case.. [[I've overheard some folks grumble that victor mercado was a white guy, for instance)..

[DetroitPlanner]

Hype, Mercado is hispanic, not that it matters. I for one think that its high time they start looking at these things. My parents are both City of Detroit retirees so fwiw it impacts my family personally.

[Brich]

interesting-- not that this "matters" [[to certain folks) but what is the race of these two gentlemen? A lot of the pushback to the Kilpatrick case involved the assumption that only blacks were being prosecuted, though if one were to sift through the laundry list of folks connected to it who pled out, etc., that was not really the case.. [[I've overheard some folks grumble that victor mercado was a white guy, for instance)..

Zajak is white. Stewart is black.