by William White | March 27, 2014 11:10 am
Charlotte, N.C. Mayor Patrick Cannon was arrested on corruption charges on Wednesday.
The Charlotte mayor was arrested after accepting a $20,000 bribe from what he thought was a developer interested in the city. However, the developer was actually an undercover FBI agent. The charges against Cannon claim that he accepted over $48,000 in cash, airline tickets and other gifts as part of bribes from January 2013 and February 2014, reports the Washington Post.
Cannon made an initial court appearance on Wednesday and was released on a $25,000 unsecured bond. He resigned from office later that day. FBI agents started investigating claims of corruption in the city in August of 2012, when the Charlotte mayor was a member of the Charlotte City Council, the Washington Post notes.
“Well, nothing at this point that I can discuss. But I’ll certainly be back in contact with you,” the Charlotte mayor told USA Today when asked about the corruption charges.
The opinions contained in this column are solely those of the writer.
Want to share your own views on money and politics? Drop us a line at firstname.lastname@example.org and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.
Source URL: http://investorplace.com/investorpolitics/charlotte-mayor-patrick-cannon-arrested-corruption-charges/
Short URL: http://investorplace.com/?p=495760
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.