TUSCALOOSA, Ala. (AP) - Testimony given today in the corruption
trial of Birmingham Mayor Larry Langford portrayed his personal finances as a disaster area.
Langford's finances were shown to have scant assets and liabilities of about $650,000, including nearly $240,000 in credit card debt.
The testimony came as federal prosecutors neared the end of their case and tried to show Langford had a financial incentive to accept bribes while he was on the Jefferson County Commission, a charge that Langford denies.
Norm Davis, a former top executive with the National Bank of Commerce, said Langford came to him seeking a $50,000 loan from the
bank shortly after it was hired as a financial adviser to Jefferson
Langford was the county commission president and head of finances at the time in 2003.
Davis said Langford listed $649,946 in liabilities on a balance sheet they prepared together, including $238,152 in credit card debt and $92,000 in car loans.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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