Three get prison terms in Philly corruption case

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe top 10 theme park moments of 2019 More than a dozen people have been convicted in the federal corruption probe, which became public when police discovered a listening device in Mayor John F. Street’s office in 2003. He has denied any wrongdoing and has not been charged. Former city Treasurer Corey Kemp was sentenced earlier to 10 years in prison. The two bankers insisted they did nothing illegal, and the judge acknowledged they did not directly profit from the scheme. “I admit what I did. I just don’t see a criminal act,” Umbrell told the judge. PHILADELPHIA – Two bank executives and a Detroit businessman were sentenced to more than two years in prison Thursday for their part in a City Hall corruption scandal that broke wide open after an FBI bug was discovered in the mayor’s office. Glenn Holck and Stephen Umbrell of Commerce Bank were convicted of approving loans to Philadelphia’s treasurer and others in order to get the inside track on city banking business. Businessman La-Van Hawkins was found guilty of helping to funnel money to the treasurer. U.S. District Judge Michael M. Baylson sentenced Holck to two years and four months behind bars and fined him $200,000. Umbrell received two years and three months and was fined $50,000. La-Van Hawkins drew two years and nine months, and a fine of $25,000. All three will remain free on bail pending appeals. last_img

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