Sunday, June 10, 2012

Former D.C. Council chairman pleads guilty to brank fraud

Former D.C. Council Chairman Kwame R. Brown softly uttered the word “guilty” in separate courthouses Friday and tearfully apologized to the District for committing bank fraud and authorizing unlawful campaign payments — admissions that contrasted with his defiant reminder that he never stole public funds.

Brown entered the federal courthouse in the morning to admit to his scheme to secure a hefty loan between 2005 and 2007 by overstating his income, going so far as to change a “3” to an “8” on a tax form so it looked as if he earned $50,000 more in 2006 than he actually did.....

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