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- SEC Institutes Administrative Proceedings Against Shkreli
- Goldman's Lloyd Blankfein Seems to be Making a Habit Out of Trolling Trump
- Goldman on Hunt for Star Traders to Revive Struggling Commodities Unit
- Yahoo Owes Millions for Busting NCAA Tourney Bracket Deal
- JPMorgan Joins 21st Century Fox in Fighting 'Deep Divisions Across Our Country'
- Please, God, Save Gary Cohn From Himself: The Case for Resigning
- Regulatory Considerations When Bringing on a New Advisor
- Why Deutsche Bank is at Mercy of Regulators
- U.S. Treasury Auction Class-Action – Federal Judge Causes Interminable Delay
- Mnuchin Rejects Calls to Resign and Defends Trump
- Best Time to Go to the U.S. (Tennis) Open Tourney - Before It Starts on August 28
- Stifel Prevails in Arbitration But Ex-Hilltop Employees Hit with Awards - Bill Singer
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
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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.