facebook
twitter
rss
account
search
search
 

2 Detroit pension fund officials charged

March 21, 2013 at 6:41 PM   |   Comments

DETROIT, March 21 (UPI) -- A former pension fund lawyer in Detroit and a former trustee of the fund for police officers and firefighters have been indicted on bribery charges.

Ronald Zajac, who was a lawyer for the city pension funds, allegedly solicited kickbacks for pension fund officials, The Detroit News reported.

Paul Stewart, a longtime Detroit police officer, vice president of the police union and trustee with the Detroit Police and Fire pension fund, allegedly got thousands of dollars in cash and gifts, including a Christmas basket full of money and trips to the Bahamas and Florida with his mistress.

"Public officials entrusted with billions of dollars in employees' pension money cannot take bribes and kickbacks to influence their investment decisions," U.S. Attorney Barbara McQuade said in a statement.

Former Mayor Kwame Kilpatrick was convicted this month on bribery, corruption and other charges. The new indictments suggest the federal investigation is not finished, the News said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Federal judge strikes down polygamy ban in Utah
2
Ukraine: Troop movements will no longer be publicized after Russian attacks
3
Body found, confirmed to be missing N.J. man Aaron Sofer [UPDATED]
4
Search expands for pilot of crashed U.S. military jet in rural Virginia
5
Kirsten Gillibrand called 'porky,' 'chubby,' 'fat' by male colleagues
Trending News
Video
x
Feedback