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

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