Ferguson forfeits cash, property and equipment after conviction - FOX 10 News | fox10phoenix.com

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.

  • Latest Development in the Kilpatrick Corruption TrialMore>>

  • Why do some Detroit council members have tinted front windows?

    Why do some Detroit council members have tinted front windows?

    Thursday, August 21 2014 7:27 PM EDT2014-08-21 23:27:50 GMT
    A recent report from Fox 2's M.L. Elrick about Detroit City Councilwoman Mary Sheffield sparked some interesting response from viewers. Several of you raised the question via emailed or by commenting on social media as to why her front windows were tinted.
    A recent report from Fox 2's M.L. Elrick about Detroit City Councilwoman Mary Sheffield sparked some interesting response from viewers. Several of you raised the question via emailed or by commenting on social media as to why her front windows were tinted.
  • Woodward Dream Cruise kicks off 20th year

    Woodward Dream Cruise kicks off 20th year

    Friday, August 15 2014 10:44 PM EDT2014-08-16 02:44:42 GMT
    The 20th Woodward Dream Cruise kicks off Saturday showcasing thousands of classic cars.Fox 2's resident classic car enthusiast M. L. Elrick took to the streets with his 1962 Pontiac Tempest to experience the ride firsthand.
    The 20th Woodward Dream Cruise kicks off Saturday showcasing thousands of classic cars.Fox 2's resident classic car enthusiast M. L. Elrick took to the streets with his 1962 Pontiac Tempest to experience the ride firsthand.
  • Police: Detroit man made up story of shooting home invader

    Police: Detroit man made up story of shooting home invader

    Thursday, August 14 2014 9:00 PM EDT2014-08-15 01:00:42 GMT
    A Detroit man made up a story of shooting an intruder Thursday.
    A Detroit man made up a story of shooting an intruder Thursday.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices