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Larry Langford bet Birmingham's future Topic in The Credit Debacle Catalog

Mon 2010-02-01 17:19 EST

Did Larry Langford bet Birmingham's future on Wall Street scheme? / The Christian Science Monitor - CSMonitor.com

Now on trial in US District Court in Tuscaloosa, Ala., on 60 counts of money laundering and bribery charges, Mr. Langford is at the center of a spectacular scandal where, prosecutors say, a popular mayor whose motto is ``Do something!'' gambled a city's future on a risky Wall Street scheme, all while taking bribes in the form of cash, Rolex watches, and designer clothes.

Christian science Monitor; com; CSMonitor; Larry Langford bet Birmingham's future; Wall Street schemes.