Former Detroit Mayor Kwame Kilpatrick gets 28 years in prison
US District Judge Nancy Edmunds has sentenced former City of Detroit Mayor Kwame Kilpatrick to 28 years in prison.
A jury had previously convicted Kilpatrick of racketeering, conspiracy, fraud, extortion, and tax crimes in March 2013. The US Attorney's Office for the Eastern District of Michigan originally filed criminal charges against Kilpatrick on 14 December, 2010.
Kilpatrick is a defendant in a pending civil injunctive action filed by the SEC on 9 May, 2012 in the United States District Court for the Eastern District of Michigan. The charges levelled by the SEC stem from facts also alleged by the US Attorney's Office.
The SEC's complaint alleges that Kilpatrick and former Detroit Treasurer Jeffrey W Beasley, who were trustees to the city's public pension funds, solicited and received USD125,000 worth of private jet travel and other perks paid for by MayfieldGentry Realty Advisors LLC, an investment adviser whose CEO Chauncey Mayfield was recommending to the trustees that the pension funds invest approximately USD117 million in a real estate investment trust (REIT) controlled by the firm.
Despite their fiduciary duties, neither Kilpatrick and Beasley nor Mayfield and his firm informed the boards of trustees about these trips and the conflicts of interest they presented.