Culture of corruption: William “Cold Cash” Jefferson files for bankruptcy

By Michelle Malkin  •  August 31, 2009 04:54 PM

The corruptocrat from Louisiana is fighting to keep every last scrap of his ill-gotten gains — and he has enlisted his lawyer daughter to help.

Via NOLA.com:

Forrmer U.S. Rep. William Jefferson and his wife, Andrea, have filed for Chapter 7 bankruptcy protection as the convicted ex-congressman prepares for a forfeiture hearing in his federal corruption case.

William Jefferson was convicted earlier this month in Virginia on 11 of 16 corruption charges. He faces a forfeiture hearing because the jury found that he and his family received $470,000 and more than 30 million shares of stock proceeds as a result of criminal activities.

Meanwhile, he and his wife are seeking protection from a handful of creditors. They owe more than $1 million and less than $10 million, according to forms filed in federal bankruptcy court last week by the Jeffersons’ daughter, lawyer and former state legislator Jalila Jefferson-Bullock.

The WSJ has a PDF of the bankruptcy petition.

In other related corruption news, the disgraced lawmaker’s brother was convicted last week on four of seven corruption charges related to an education bribery case:

After deliberating for most of the day on Friday, a federal jury of six men and six women found Mose Jefferson guilty on four of seven counts in a case that involved the bribing of former Orleans Parish School Board president Ellenese Brooks-Simms to gain a favorable outcome in a $14 million contract involving a computer learning program called I Can Learn.

He was convicted on two counts of bribery and two counts of obstruction of justice and was cleared of one count of bribery, one count of conspiring to bribe Brooks-Simms and one count of conspiring to commit money laundering.

Jefferson faces a maximum possible sentence of 20 years on each obstruction of justice count.

Bilking taxpayers is a Jefferson family affair.

Posted in: Corruption, William Jefferson
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Comments


  1. #1
    On August 31st, 2009 at 4:57 pm, TigerLady said:

    Cry me a river. My sympathy meter is broken from over use.

  2. #2
    On August 31st, 2009 at 4:58 pm, RTater said:

    Don’t be surprised if every dollar he can get his hands on is paid to his daughter for “legal fees”. Keep it aways from the creditors and keep it in the family.

  3. #3
    On August 31st, 2009 at 5:00 pm, Mister P said:

    Time to pull the plug.

  4. #4
    On August 31st, 2009 at 5:07 pm, sonofdy said:

    Why isn’t this sob in jail???

  5. #5
    On August 31st, 2009 at 5:09 pm, expat said:

    And we think the outcome would be…….? The only Dem that I know from outside Chicago who went to jail was James Traficant. He fought his own party, hence jail time.

    He gets out soon and will score a well paid talking head job and hopefully air the dirty laundry

  6. #6
    On August 31st, 2009 at 5:13 pm, shooter said:

    Cash Jefferson- Possible winner of SCUMBAG of the YEAR and it’s only August.

    but there are many to chose from in ‘09.

  7. #7
    On August 31st, 2009 at 5:19 pm, spaceycakes said:

    how is it that someone who has a job needs to file bankruptcy? Sorry–I just don’t get it.

    Did he buy all his fambly members a mint 1976 Coupe DeeVee?

  8. #8
    On August 31st, 2009 at 5:22 pm, ex-expat said:

    Perhaps he can find a job in Cook County?

  9. #9
    On August 31st, 2009 at 5:34 pm, 24Klady said:

    Waiting for pardon #1234. No way is anyone going to go to jail over this if they are halfway connected in D.C.. Even if he was half asleep during his time in D.C. he must know where a body or two is buried? This was a Fed case right?

    What do you want to bet that if he does go to jail he turns around on appeal and claims he was not properly represented by council! ;)

  10. #11
    On August 31st, 2009 at 5:38 pm, graysonret said:

    Well, party time is over. Time to pay the piper. Knowing his corrupt behavior, he’ll try to weasel out of that too, and keep everything. Once that is over, he’ll get a “consulting” job, until the “heat” dies down. Jail? Nah, probation probably and the, easy to cheat, “community service”.

  11. #12
    On August 31st, 2009 at 5:42 pm, Hangfire said:

    Waah, effing waaaah!!!!

  12. #13
    On August 31st, 2009 at 5:44 pm, CantCureStupid said:

    Boo freakin hoo, you crooked bastage. You deserve to rot in jail penniless.

    Incarcerate this pig already.

  13. #14
    On August 31st, 2009 at 5:51 pm, ArizonaNeanderthal said:

    He can always sell his refrigerator-we know it keeps cash cold. Compared to the other Democrats Jefferson is a piker- if he had a job with Fannie Mae he could make millions.

    Mama going to jail too?

  14. #15
    On August 31st, 2009 at 5:52 pm, Bogtrotter said:

    “..owe more than one million and less than ten million”

    I may not be a mover or shaker, but I can usually guesstimate what total debt is a wee bit closer than that. LOL

  15. #17
    On August 31st, 2009 at 6:01 pm, rooster said:

    How long has this case been pending against this pond scum? I gave up years ago of this guy ever being convicted and now hear news of his conviction only through this site.
    Thanks MM for keeping up on this former parasite that represented the “Chocolate City” for far too long.

  16. #18
    On August 31st, 2009 at 6:05 pm, Vinron said:

    Is there income below the median? In order to qualify for Chapter 7, debtors must pass a means test. Otherwise, they have to file Chapter 13 and enter into a repayment plan.

  17. #19
    On August 31st, 2009 at 6:12 pm, LOBOMAN said:

    “On August 31st, 2009 at 5:22 pm, ex-expat said: Perhaps he can find a job in Cook County?”

    Isn’t that CROOK County, IL?

  18. #20
    On August 31st, 2009 at 6:33 pm, txvet2 said:

    On August 31st, 2009 at 5:19 pm, spaceycakes said:

    how is it that someone who has a job needs to file bankruptcy?

    I don’t know, but my ex-wife made a hobby of it.

  19. #21
    On August 31st, 2009 at 6:35 pm, cheapseat said:

    buh bye billy boy. nawlins ain’t no chocolate city anymo, so crooks can finally get convicted and jailed. soon the whole clan of harvard educated crooks will be there, and you can all play pinochle together.

  20. #22
    On August 31st, 2009 at 6:54 pm, bansharia said:

    OT:
    can someone point out to Ed over at HA that Roland Burris did not replace Rahm he replaced Obambi in the senate.
    Blago’s point valid or not was about RAHM’s seat in the house.

  21. #23
    On August 31st, 2009 at 7:54 pm, TooMuchTime said:

    My sympathy meter is broken from over use.

    My give-a-damn’s busted.

  22. #24
    On August 31st, 2009 at 9:09 pm, Rogue Cheddar said:

    You think he’s upset now, wait until he finds out that Obamascare doesn’t cover freeser burn!

  23. #25
    On August 31st, 2009 at 11:10 pm, MTNEER said:

    I think RTATER has a good point. I would love to know how much his daughter charges for the legal fees in this case.

  24. #26
    On August 31st, 2009 at 11:33 pm, bayou22 said:

    Ironically, this really didn’t get all that much (any?) coverage here in the LA capitol of Baton Rouge. Funny thing, this media…

  25. #27
    On August 31st, 2009 at 11:57 pm, LC said:

    30.MILLION.SHARES.

    And all on the salary of a “public servant.”

    Yeah, and I’m a Chinese jet pilot.

    Where’s the outrage????

  26. #28
    On September 1st, 2009 at 12:02 am, DogBreath said:

    Maybe we take up a collection for him. Just send your money to me and I’ll make sure it gets to the right place in LA.

    Bobby Jindal’s election fund.

  27. #29
    On September 1st, 2009 at 1:53 am, Doctor Hook said:

    Evidently he couldn’t get his cash thawed out fast enough to pay his bills on time

  28. #30
    On September 1st, 2009 at 1:59 am, BobonStatenIsland said:

    Yeah…..where’s the outrage in Congress? Big surprise. Nobody is dead, so nobody cares. Oh wait, if somebody was dead because of this Congress would care? Not a chance. It’s worse than the “Blue Wall”. Nothing to see here….move along….(What was her name again…Mary Jo what?….)

  29. #31
    On September 1st, 2009 at 8:34 am, tre said:

    Duh One will make him “Prison Czar.”

  30. #33
    On September 1st, 2009 at 9:32 am, steveegg said:

    On August 31st, 2009 at 4:58 pm, RTater said:

    Don’t be surprised if every dollar he can get his hands on is paid to his daughter for “legal fees”. Keep it aways from the creditors and keep it in the family.

    I wouldn’t be shocked at all. If I’m reading Chapter 7 right, while everything except the primary residence would be gone, any forfeiture would take a back seat to everything except interest payments on unsecured debt and any distribution to the debtor.

    Of course, since I’m not a lawyer, much less a bankruptcy lawyer, take my intepretation for what it’s worth (2 grains of salt).

  31. #34
    On September 1st, 2009 at 9:33 am, Member-VRWC said:

    I guess crime must not pay as well for Cold Cash as for some others.

  32. #35
    On September 1st, 2009 at 10:52 am, battleaxe said:

    Can you use bankruptcy as a shield to keep bribes? That doesn’t sound right.

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