Smoot lawyer denies SEC claim of payments
Published: November 5, 2009
BIRMINGHAM, Ala. (AP) - A lawyer for Jefferson County Commissioner Shelia Smoot is denying government claims that she improperly directed payments from county bond deals to two small banking firms.
Jim Parkman says the allegations in the lawsuit filed Wednesday by the Securities and Exchange Commission are completely wrong.
A suit filed against two former executives with JPMorgan Chase & Co. claims Smoot and a former commissioner demanded that a Wall Street firm make payments totaling $500,000 to two Alabama-based firms in complicated bond deals.
Smoot wasn’t named in the suit and wasn’t accused of a crime. The deals helped lead to the conviction and removal from office of Birmingham Mayor Larry Langford last week.
Smoot is running for Congress as a Democrat in Alabama’s 7th District.
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Reader Reactions
i hope smoot gets the same thing langford got
I’m a life long DISGUSTED Republican who has lost complete and total confidence in Session, Shelby, McCain, McConnell, Boehner, Cantor, Graham, Liberman…and Sheila Smoot! The SEC DOES NOT make comments which it cannot back up!
I am thinking that S & E does not make these types of claims on a whim it is a good bet they have the goods on her but I would like to see it for myself
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