TUSCALOOSA, Ala. AP – An investment banker accused of bribing Birmingham Mayor Larry Langford pleaded guilty Tuesday and will cooperate with prosecutors, the second co-defendant to admit funneling cash and gifts to Langford in exchange for $7.1 million in bond business.
William Blount, a former state Democratic Party chairman and head of a Montgomery investment bank, admitted giving Langford thousands of dollars in return for Langford’s influence in sending the lucrative bond financing business to Blount.
