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Larry Langford Arrested By FBI
Larry Langford is the latest public official to be arrested by the FBI. FOX6 News in Birmingham is announcing that Langford, the mayor of the city, was under arrest.
FBI spokesperson Paul Daymond told Fox that Langford was arrested by the FBI, but he wouldn't specify the charges. Bloomberg has now announced that the charges are Bribery and Money Laundering.
The charges are in connection with municipal bond and derivative deals done by Langford.
"[He] sold out his public office to his friends," said U.S. Attorney Alice Martin in a news release. "Through a web of financing agreements, Langford required many institutions to use Blount as a consultant so Blount would make fees and in turn pay off Langford. It was a classic pay-to-play scheme."
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