Pension Fund Officials Found Guilty

[Packman41]

Former City Treasurer Jeff Beasley, Pension Fund attorney Ron Zajac and Police and Fire Trustee Paul Stewart were all found guilty today in a case alleging that they defrauded the pension funds by accepting kickbacks and bribes in exchange for approving $200 million in corrupt deals.

http://www.detroitnews.com/story/new...rial/20095097/

They face up to 20 years in prison and will be sentenced on April 21, 2015 – circle your calendars.

Beasley also faces another 10 years after being found guilty on two extortion charges and a single count of bribery.

Both the Detroit Free Press and the Detroit News worked for years uncovering the waste and corruption of both the GRS and the Police & Fire pension funds under the leadership of Ron Zajac.

This is great for the city, the pensioners and the taxpayers that fund they retirement systems.

My only remaining question is: what happened to Marty Bandemer, former DPOA president? I thought he was going to be indicted also. Hmmm…. Anybody know?