Oct 14, 2013
Former Detroit Mayor Kwame Kilpatrick was sentenced to 28 years in prison for his conviction on bribery, extortion and corruption charges. His friend Bobby Ferguson was sentenced to 21 years for bribery and extortion. The federal government wants the pair to pay 9.6 million dollars in restitution.
Kwame Kilpatrick may be a crook. Yes. But he’s small-time compared to the real crooks from whom he learned his trade.
People like Peter Karmanos, the head of Compuware, Dan Gilbert of Quicken Loans, racing magnate Roger Penske, and Jim Nicholson of PVS Chemicals, for example. They all received huge tax breaks from the city with Kilpatrick’s help. They were in deeply enough with him that they handed him $150,000 to leave the state after he resigned.
Those four are just a few of the corporate thieves who have stolen a lot more than whatever Kilpatrick and Ferguson ever took – and they’re the real reason Detroit is in a financial crisis today.
So as the news media celebrate having Kilpatrick and the bankruptcy crisis in their “rear-view mirror,” the real crooks, the bosses and the banks, are still very much on the loose!