Wade on Birmingham

Birmingham’s Biggest Crooks: Bill Blount

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In August, we’re celebrating Birmingham’s Biggest Crooks, whether they be liars, thieves, extortionists, swindlers or thugs. Running daily until Birmingham mayor Larry Langford’s Aug. 31 federal trial. Thanks to Bhamwiki for helping with this project.

Bill Blount

Bill BlountPositions held: Montgomery investment banker, handled Jefferson County’s bond swap deals

Wanted for: bribery and conspiracy, indicted with Al LaPierre and Langford

Date of conviction: today, admitting to bribing county commissioners Langford and Mary Buckelew.

Sentence: Sentencing date to be determined. Blount faces up to 10 years in prison for conspiracy and 5 years in prison for bribery (prosecutors wil ask for 52 months), plus up to $500,000 in fines. Plea agreement says he will forfeit $1 million. Blount is expected to testify in Langford’s trial.

Criminally fun fact: The government says Blount paid for several of Langford’s expensive purchases, including $11,750.40 at Bromberg’s Fine Jewelers and nearly $30,000 in 4 years at Remon’s Clothier.

According to the Press-Register (Mobile), Blount has had a tangled history of bond financing deals gone sour, from two 1995 deals for the City of Mobile that warranted investigation by the FBI and the IRS, and a state warehouse construction project from 2001 pushed by political pal and then Gov. Don Siegelman.

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2 Yips for “Birmingham’s Biggest Crooks: Bill Blount”

  1. Kenny
    Tuesday, August 18, 2009, 10:30 pm
    1

    Oooh, very timely!

  2. Wade
    Tuesday, August 18, 2009, 10:54 pm
    2

    It helps when they give you a day’s notice with a plea agreement hearing.

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