Lost in the Langford trial is the 800 pound gorilla in the room: the Sewer Project.
Langford is going to jail for funneling county bond contracts to his friends Blount/LaPierre, who rewarded Langford in various ways.
However, why were those bonds needed? The infamous Jefferson County Sewer disaster. A corrupt judge ordered JeffCo to build a $3 Billion sewer replacement system.
The sewer scam, like the light rail scam before it (and the sports stadium scam invented later), is making its way from city to city across the U.S.
Environmental groups are bought off, raise a stink about old sewer systems, and corrupt judges are ordering new sewers built if the elections to build the sewers fail.
Well, Jefferson County never voted to build a new sewer system.
Moreover, Jefferson County doesn’t have the population base to repay a $3 Billion sewer system. To get around this last obstacle, County Commissioners used Auction Rate bonds that offered low intial interest rates and balloon funding. You know: the sub-prime adjustable mortgages of the Muni-Bond market.
Langford was a commissioner back then, and he pushed for his friends to get those auction rate bond execution contracts. Now he’ll get 15 years for steering those bonds through his friends.
But no one has been punished for forcing the new Sewer system itself onto Jefferson County, even though the residents failed to vote for it. There’s the crime.
And it’s coming to more cities/counties near you, next.