Home Solutions Exec Says He Bribed New Orleans Official

Law360, New York (June 27, 2012, 8:07 PM EDT) -- The former CEO of now-defunct disaster recovery and construction company Home Solutions of America on Wednesday pled guilty to conspiring to bribe an unnamed New Orleans city official thought to be ex-mayor Ray Nagin for city contracts.

Home Solutions ex-CEO Frank Fradella pled guilty to one count of conspiracy conspiracy to bribe a city official and to one count of securities fraud for including fictitious figures in Home Solutions' regulatory filings with the U.S. Securities and Exchange Commission.

“Today's conviction is an important one, and is...
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