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Birmingham--This afternoon, the U-S Securities and Exchange Commission charged Birmingham Mayor Larry Langford and two of his friends in a scheme involving county municipal bonds. The S-E-C says William Blount of the investment bank Blount Parrish and Company secretly paid Langford more than 156-thousand dollars in exchange for county contracts that earned the company more than 6-million dollars in fees. S-E-C associate regional director Glenn Gordon explained the alleged scheme to WBHM's Tanya Ott.

Calls to Langford's office at city hall were not answered this afternoon. You can see the official SEC filing against Mayor Langford here.

-- Tanya Ott, April 30, 2008