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- New Law Bans Kaspersky Software from Use in U.S. Government
- I Owned Bitcoin For a Weekend and Here's What I Learned
- SEC Appoints New Chair and Board Members to PCAOB
- FINRA, Georgetown Team Up to Deliver 'Certified Regulatory and Compliance Professional' Program
- FINRA Board Meeting - This Week's Agenda
- Statement on Cryptocurrencies and Initial Coin Offerings - SEC Chair Clayton
- Company Halts Initial Coin Offering Over SEC Registration Concerns
- Kevin O'Leary Explains One Big Thing People Don't Understand About Bitcoin (But Need To)
- CME Bitcoin Futures: A Better Way to Buy (or Short) Bitcoin?
- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
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NEWSLETTERS & ALERTS
Twice Elected D.A. Took Bribes – Grand Jury
[Photo: by Tom MacDonald/WHYY; newsworks.org]
It would be a shame if his errant ways become an excuse for keeping future qualified minority candidates from being elected to public office.
Reuters news reports that Philadelphia District Attorney Seth Williams was charged with accepting cash, vacations, a car and other gifts over a 5-year period, in exchange for favors. The twice-elected official, who’s only 50 and who was earning $170,000/year, essentially threw his life away for just $54,000.
While Williams’ attorney said his client “vehemently denies that he ever compromised any investigation, case or law enforcement function,” a federal grand jury found enough evidence to indict him on 23 counts that formed the basis for a pattern of illegal behavior.
Before facing criminal charges, Williams agreed 2 months ago to pay $62,000 in civil penalties to end an investigation by the Philadelphia ethics board into his failure to disclose gifts. And last month, he announced that he would not seek a 3rd term in office.
Williams is the first African-American elected as a district attorney in Pennsylvania.