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  [LA State] Senator [Derrick Shepherd] aided fraud, court told
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ContributorBrandonius Maximus 
Last EditedBrandonius Maximus  Oct 23, 2007 03:27pm
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CategoryInvestigation
News DateTuesday, October 23, 2007 09:25:00 PM UTC0:0
DescriptionAn FBI agent testified in open court Monday that state Sen. Derrick Shepherd helped a twice-convicted felon launder nearly $141,000 in fraudulently generated bond fees last year, keeping close to half the money as part of the arrangement.

FBI says state Sen. Derrick Shepherd helped launder money.Shepherd was easily re-elected to the state Senate on Saturday, winning 61 percent of the vote. Last year, he finished a strong third in a 2006 run for Congress and then endorsed the embattled incumbent, U.S. Rep. William Jefferson, helping him secure a ninth term.

Special Agent Peter Smith testified that Shepherd, a lawyer who often handles personal-injury cases, attempted to make his dealings with bond broker Gwendolyn Joseph Moyo appear legitimate by writing the words "settlement proceeds" on the memo lines of the checks.
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