Federal authorities say an executive overseeing $200 million in real estate investments by Detroit's municipal pension has pleaded guilty to conspiring to bribe the city treasurer to get business.
The FBI says Chauncey Mayfield made the plea Thursday before U.S. District Judge Nancy Edmunds. The 56-year-old Mayfield lives in Fort Lauderdale, Fla.
In court, Mayfield said he bribed then-Treasurer Jeffrey Beasley and others in 2006-2008 to influence Beasley's decisions as a trustee of Detroit's retirement systems.
Mayfield says the payments included $50,000 to then-Mayor Kwame Kilpatrick's Civic Fund and $60,000 for Beasley and others to take a trip to Las Vegas.
Mayfield says other bribes included $24,000 for a private plane trip to Tallahassee, Fla., and another private jet flight to Bermuda.
Beasley also is under indictment.
