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November 11, 1981 - Image 1

Resource type:
Text
Publication:
Michigan Citizen, 1981-11-11

Disclaimer: Computer generated plain text may have errors. Read more about this.

VOL. III O.
'lOP GE3


FBI ele
ir t phas of 9 month, 15 ma� inv stigation; only

I coun ts, 2 ,QOO r lat to $6.2 million that spark d pro b
G vin and four
1977.
_, .......... out
t probe
turn of 23 in . .
cal b . - from the United Commun­
ity Deve opment Corpor­
tion (UCDC), non-p fit
ocal dev pment com-
pany, de . ted by the city
to HUD funds for
orth busin de lopment.
Ford' loan plica 'on
to UCDC to iIi-
tat the building 486
ton a f -food
want 'Hot Digety
con­
counts of
obtaining
to . S18,
Dog."
mort ge
,
the property',
and 0 ed res rant fix­
tures which he pledged
collateral for the CDC
loan.
The indictm t· claims
F rd further did no r e
debt 0 ed the ate
of 'chigan for non-
pport judgm nt of claims, totaling 11,759, 17
1,332. . obed payments to Ford are ot related to HUD
Th e are four ddit- d tc c ee, fun.
ional counts . g Ford contr tor, . on of th
of bmitti claims men indicted on 0 er
to CDC' ember charges. Ho e er, b . not
D and December of 1980 charged in conn on
and y of 1981, tin the counts ainst Ford.
had b done on Ford ° char ed ith
equipment pure for
the r rant hen alleged­
ly it had not, the grand
jury charged.
o of the an ed f
dfrom
for 1,945,
hen he didn't, the go rn­
ment y.
in
cor-
COCW hich
Alleg d misu of
another UCOC lo
3

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