Texas Official Cops To Steering $40M Deal To Bear Stearns

Law360, Houston (September 04, 2013, 4:55 PM ET) -- A former West Texas county judge avoided trial on federal corruption charges when he admitted Tuesday that he accepted bribes in exchange for his efforts to steer a $40 million bond refinancing contract to Bear Stearns Cos. Inc.

Disgraced El Paso County Judge Anthony Cobos pled guilty to a single count of conspiracy to commit mail fraud and deprivation of honest services for attempting to influence county commissioners’ vote on the contract after being bought off by two investment bankers who worked for Bear Stearns....
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