Friday, October 30, 2020

Former contracting official sentenced to two years in Atlanta corruption case

-

A former top Atlanta contracting official who admitted to being paid on the sly more than $220,000 over five years to help companies win government contracts — including with the city — will serve two years in prison.

At his sentencing in federal court Tuesday, Larry Scott was also ordered to pay $124,000 in restitution.

Scott, who managed contract compliance for the city, pleaded guilty in September to wire fraud and filing false tax returns. He’s the third high-ranking city official to plead guilty in the wide-ranging federal corruption probe of City Hall, which dates to at least mid-2015.

Scott operated a side business called Cornerstone U.S. Management Group that allegedly helped companies win government contracts. He did not disclose his side business to the city, even though he was required to report outside income, and federal prosecutors alleged Scott would have been fired had the city known of his conflict of interest.

- Advertisement -

Also connected to Cornerstone were former Atlanta Mayor Kasim Reed’s brother and sister-in-law, Tracy and Crystal Reed. Neither of the Reeds have been implicated in the Scott case.

Three other people, including two construction company CEOs, have pleaded guilty in connection to the federal probe. The city’s former director of human services and a third contractor have been indicted, pleaded not guilty and await trial.

- Advertisement -
- Advertisement -

MUST READ

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

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...

Subscribe For More

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

Advertisement
Advertisement

Latest News

This Week

Former Jacksonville City Council members set for sentencing in fraud case

Former Jacksonville City Council members Katrina Brown and Reggie Brown are scheduled to be in federal court Tuesday to begin a hearing on their...

Spanish police arrests operator of Crypto Arbitrage firm Arbistar on fraud charges

The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization...

Lodi City Council candidate arrested for laundering money through gambling

A Lodi City Council candidate and Stockton business owner was arrested Wednesday afternoon on suspicion of money laundering, along with other criminal charges, the...

Taiwan’s UMC fined $60m for theft of trade secret to help Chinese chipmaker

Taiwan’s UMC has pleaded guilty to trade secret theft in the United States and will pay a $60 million fine in a case where...
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