TUSCALOOSA, Ala. (AP) - An investment banker accused of bribing Birmingham Mayor Larry Langford has pleaded guilty and will cooperate with prosecutors.
William Blount on Tuesday admitted giving Langford thousands of dollars in exchange for Langford using his influence to send millions in bond financing business to Blount.
Langford was on the Jefferson County Commission at the time.
Blount pleaded guilty to bribery and conspiracy. For his help, prosecutors agreed to recommend a sentence of four years and three
months in prison. Blount will also forfeit $1 million.
Langford is set for trial on federal bribery charges Aug. 31. He says he is innocent and won't resign.
Blount is the second Langford co-defendant to plead guilty.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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