Ferguson forfeits cash, property and equipment after conviction - New York News

Ferguson forfeits cash, property and equipment after conviction

Posted: Updated:
Bobby Ferguson outside of federal court after being convicted on public corruption charges.  (Credit: Fox 2 News) Bobby Ferguson outside of federal court after being convicted on public corruption charges. (Credit: Fox 2 News)
DETROIT (WJBK) -

Taxpayers this week got an unexpected dividend from the conviction of Bobby Ferguson on racketeering charges -- cash, property and equipment worth up to $1 million.

Nearly a year after the feds indicted Ferguson on public corruption charges in 2010, agents swarmed over his property and seized more than a dozen pieces of heavy equipment.  Other searches turned up more than $460,000 in cash.

While the jury deliberated, the feds and Ferguson signed a forfeiture stipulation, a document in which Ferguson agreed to give up his equipment, cash and property if he got convicted.

On Monday, Ferguson got the bad news.  A jury found him guilty of nine counts of public corruption, including bribery, extortion and racketeering.

Soon the government will put up for sale the home that Ferguson's family has called home for years.

The feds are also expected to sell Ferguson's condo at Riverfront Towers in downtown Detroit.

His wife declined comment.

While it's not up to prosecutors where the money from Ferguson's property will end up, there is a chance it could go to the city he cheated for so many years.

If it ends up going to the federal government, the proceeds should be enough to cover the taxpayers' tab for the lawyers that defended Kwame and Bernard Kilpatrick.

Ferguson's wife said she doesn't know what she will do when she has to leave her home.  For now, she is just trying to process the emotions from a week that has to be the worst one in this family's lives.

  • Local NewsLocal NewsMore>>

  • Baby found in teen's shopping bag called homicide

    Baby found in teen's shopping bag called homicide

    Wednesday, April 16 2014 11:07 PM EDT2014-04-17 03:07:27 GMT
    The New York City medical examiner has ruled that the death of a baby found in a teenager's shopping bag was a homicide.
    The New York City medical examiner has ruled that the death of a baby found in a teenager's shopping bag was a homicide.
  • Chelsea Clinton: I might run for office

    Chelsea Clinton: I might run for office

    Wednesday, April 16 2014 8:36 PM EDT2014-04-17 00:36:50 GMT
    Chelsea Clinton says she might run for office someday - if she becomes dissatisfied with the job her elected representatives are doing.
    Chelsea Clinton says she might run for office someday - if she becomes dissatisfied with the job her elected representatives are doing.
  • NJ mom charged with trying to kill her 3 teens

    NJ mom charged with trying to kill her 3 children

    Wednesday, April 16 2014 8:25 PM EDT2014-04-17 00:25:35 GMT
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
  • Latest Development in the Kilpatrick Corruption TrialMore>>

  • Bobby Ferguson sentenced to 21 years in prison

    Bobby Ferguson sentenced to 21 years in prison

    Friday, October 11 2013 3:20 PM EDT2013-10-11 19:20:27 GMT
    Bobby Ferguson, a former city contractor and longtime friend of ex-Detroit Mayor Kwame Kilpatrick, has been sentenced to 21 years in federal prison for his role in a public corruption case.
    Bobby Ferguson, a former city contractor and longtime friend of ex-Detroit Mayor Kwame Kilpatrick, has been sentenced to 21 years in federal prison for his role in a public corruption case.
  • Kwame Kilpatrick sentenced to 28 years in prison

    Kwame Kilpatrick sentenced to 28 years in prison

    Thursday, October 10 2013 9:33 PM EDT2013-10-11 01:33:28 GMT
    A federal judge sentenced former Detroit Mayor Kwame Kilpatrick Thursday to 28 years in prison for his role in a public corruption scandal that cost the city millions and ended a career for the once promising politician.
    A federal judge sentenced former Detroit Mayor Kwame Kilpatrick Thursday to 28 years in prison for his role in a public corruption scandal that cost the city millions and ended a career for the once promising politician.
  • Judge: Ex-Mayor Kilpatrick must pay $4.7 million

    Judge: Ex-Mayor Kilpatrick must pay $4.7 million

    Tuesday, December 10 2013 8:04 PM EST2013-12-11 01:04:30 GMT
    A federal judge has granted prosecutors' request and has ordered imprisoned ex-Detroit Mayor Kwame Kilpatrick to pay $4.7 million in restitution.
    A federal judge has granted prosecutors' request and has ordered imprisoned ex-Detroit Mayor Kwame Kilpatrick to pay $4.7 million in restitution.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices