Ferguson forfeits cash, property and equipment after conviction - FOX 13 News

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.

  • Local NewsLocal NewsMore>>

  • Trench collapse in Pittsfield Township

    Trench collapse in Pittsfield Township

    Wednesday, July 30 2014 5:24 PM EDT2014-07-30 21:24:07 GMT
    Emergency crews are at the scene of an apparent trench collapse in Pittsfield Township.
    Emergency crews are at the scene of an apparent trench collapse in Pittsfield Township.
  • Two in custody after search connected to Armada teen's murder

    Two in custody after search connected to Armada teen's murder

    Wednesday, July 30 2014 5:22 PM EDT2014-07-30 21:22:13 GMT
    The FBI and state police were at a home on Marquette Road in Goodells, Mich. most of Wednesday executing an investigative search warrant related to the murder of 14-year-old April Millsap.
    The FBI and state police were at a home on Marquette Road in Goodells, Mich. most of Wednesday executing an investigative search warrant related to the murder of 14-year-old April Millsap.
  • Reward offered for info on who killed father of six in his driveway

    Reward offered for info on who killed father of six in his driveway

    Wednesday, July 30 2014 5:16 PM EDT2014-07-30 21:16:49 GMT
    A Detroit businessman and father of six, is gunned down in front of his own home.Tonight, his grieving family is demanding justice for Jacob Fry-Hooper, who was murdered in June.He was heading home from his brother's house on the night he was killed.Hooper had just pulled into his driveway. But as he was getting out of the car, someone fired several shots, killing him.Crime Stoppers is offering a $2,500 reward for tips that can lead to an arrest. To help, call 1-800-SPEAK-UP. Tipsters can rem...
    A Detroit businessman and father of six, is gunned down in front of his own home.Tonight, his grieving family is demanding justice for Jacob Fry-Hooper, who was murdered in June.He was heading home from his brother's house on the night he was killed.Hooper had just pulled into his driveway. But as he was getting out of the car, someone fired several shots, killing him.Crime Stoppers is offering a $2,500 reward for tips that can lead to an arrest. To help, call 1-800-SPEAK-UP. Tipsters can rem...
Powered by WorldNow

FOX 13 / WTVT-TV
3213 West Kennedy Blvd.
Tampa, Florida 33609
Main: (813) 876-1313
Newsroom: (813) 870-9630
Fax: (813) 871-3135

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