Former St. Louis aldermen Reed, Boyd plead guilty to federal bribery charges
The pair changed their pleas to guilty in federal court Friday, days after former
All three former aldermen, accused of accepting cash bribes in exchange for supporting property tax abatements, previously pleaded not guilty to the charges. They will be sentenced on Dec. 6.A judge permitted them to remain out on bond until their December court hearings. They also must pay restitution for the bribes and gifts they received. Boyd pleaded guilty to bribery and racketeering after admitting he accepted money to help an informant buy city property below market value and inflate construction costs to receive a tax abatement.Boyd also pleaded guilty to two counts of wire fraud relating to a January incident in which he falsified insurance documents claiming three cars wrecked in the informant's lot were actually on his lot. He faces a maximum of 55 years in prison. Later Friday, Reed pleaded guilty to a count of bribery and another count of racketeering. He faces a maximum of 15 years in prison.The maximum sentence for


Beazley introduces Product Recall product to the Asia Pacific market
Armstrong Flooring execs seek back benefits and severance
Advisor News
- Pay or Die: The scare tactics behind LA County’s Measure ER tax increase
- How to listen to what your client isn’t saying
- Strong underwriting: what it means for insurers and advisors
- Retirement is increasingly defined by a secure income stream
- Addressing the ‘menopause tax:’ A guide for advisors with female clients
More Advisor NewsAnnuity News
- MassMutual turns 175, Marking Generations of Delivering on its Commitments
- ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
- My Annuity Store Launches a Free AI Annuity Research Assistant Trained on 146 Carrier Brochures and Live Annuity Rates
- Ameritas settles with Navy vet in lawsuit over disputed annuity sale
- NAIC annuity guidance updates divide insurance and advisory groups
More Annuity NewsHealth/Employee Benefits News
- GLP-1 Drug Costs Cited as Heights Schools Hike Taxes and Cut Staff
- Pay or Die: The scare tactics behind LA County’s Measure ER tax increase
- Column: N.C.’s Medicaid ‘compromise’ comes at a cruel cost
- Idaho farmers can band together to buy cheaper health insurance through Farm Bureau deal
- HHS NOTICE OF BENEFIT AND PAYMENT PARAMETERS FOR 2027 FINAL RULE
More Health/Employee Benefits NewsLife Insurance News
- 2025 Insurance Abstracts
- AM Best Affirms Credit Ratings of Berkshire Hathaway Life Insurance Company of Nebraska and First Berkshire Hathaway Life Insurance Company
- Generational expectations: A challenge for the industry
- Greg Lindberg asks NC judge for no jail time in bribery, fraud cases
- National Life Group Names Brenda Betts to Its Board of Directors
More Life Insurance News