- Infowars - http://www.infowars.com -
More Government Insider Crime: D.C. Council Chairman Resigns, Charged With Bank Fraud
Del Quentin Wilber and Tim Craig
June 7, 2012
D.C. Council Chairman Kwame R. Brown resigned from his seat Wednesday night, hours after he was charged with bank fraud, plunging the city government into a leadership crisis.
“Because of the great respect that I have for the institution that is the Council of the District of Columbia, I have chosen the only honorable course in submitting my resignation at this time,” Brown wrote in a letter to the council secretary. “I simply will not hold this body, and its important work hostage to the resolution of my personal indiscretions.”
Earlier in the day, prosecutors filed a three-page charging document in the District’s federal court accusing Brown (D) of falsifying records in applications to obtain a home loan and to buy a $50,000 powerboat. Brown inflated his income by “tens of thousands of dollars” in the two-year scheme that started in August 2005, federal prosecutors wrote.
Brown, dogged for months by an investigation into his personal finances and his 2008 campaign for a council seat, is scheduled to attend a plea hearing Friday before U.S. District Judge Richard J. Leon. Bank fraud carries a maximum penalty of 30 years in prison, but under federal sentencing guidelines, Brown will face far less potential punishment.
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/more-government-insider-crime-d-c-council-chairman-resigns-charged-with-bank-fraud/
Copyright © 2013 Infowars. All rights reserved.