NYC Housing Official Cops To Taking $2.5M In Bribes

Law360, New York (March 23, 2012, 7:45 PM EDT) -- Senior New York City housing official Wendell Walters pled guilty Friday to taking bribes from developers and contractors to steer them work on affordable housing jobs, admitting he netted about $2.5 million in cash and property.

Walters, 49, who because of his 6-foot-7-inch build was known as the “tall guy” and “big man” among his associates, admitted in a New York federal court that he took bribes from the builders, known as sponsors, while working as assistant commissioner for the New York City Department of Housing...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.