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Detroit’s former Treasurer, Jeffrey Beasley, indicted by federal grand jury
DETROIT (WXYZ) - A federal grand jury has indicted Detroit’s former Treasurer, Jeffrey Beasley.
Beasley is charged with taking bribes and kickbacks in return for approving more than $200 million in investments by the city’s two pension funds.
U.S. Attorney Barbara McQuade says Beasley personally received more than $100,000 in cash from people having business with the two pension funds.
The 6-count indictment charges that Beasley and his co-conspirators accepted bribes in the form cash, travel, golf clubs, gambling money, private plane flights, and other things of value.
Read more: http://www.wxyz.com/dpp/news/region/detroit/detroits-former-treasurer-jeffrey-beasley-indicted-by-federal-grand-jury
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