Wednesday, October 28, 2020

Detroit prosecutor charged for corruption quits amid investigation

-

A suburban Detroit prosecutor charged with corruption resigned Monday, saying he’s confident he’ll be cleared but decided to quit “for the betterment of my family, my health and the citizens of Macomb County.”

Eric Smith, who was first elected in 2004, is charged with illegally benefiting from accounts stuffed with money from drunken driving cases, bad check cases and assets forfeited in drug crimes. He pleaded not guilty last week.

“I have been part of the criminal justice system for close to thirty years,” Smith, a Democrat, said. “Know that I have absolute confidence that our cherished justice system will bring forth the truth and exonerate me.”

Smith is charged by the attorney general with conducting a criminal enterprise, embezzlement and accessory after the fact. The alleged scheme totaled $600,000.

- Advertisement -

Defense attorney Martin Crandall has called the charges “baseless” but hasn’t address the specific allegations.

Smith and others used money to buy flowers and makeup for female staff, a security system for Smith’s home, garden benches for staff and more, according to the attorney general’s office.

Three other people, including a current and former staff member, are charged in the case.

- Advertisement -
- Advertisement -

MUST READ

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Berkshire Hathaway to pay $4.1m to settle Iran sanctions violation

Berkshire Hathaway Inc. has agreed to pay roughly $4.1 million to settle allegations that a Turkish subsidiary violated U.S. sanctions on Iran. The U.S. Treasury Department on...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Former Columbus mayor Eisenga charged with bank fraud

A former Columbus mayor and businessman who was once at the center of a controversial bill aimed at reducing child support payments for wealthy...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks