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

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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.

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