Sign in to comment!

Menu
Home

Crime & Courts

Ex-city manager pleads no contest in massive Bell, Calif., corruption case

The attorney for Robert Rizzo says the disgraced former city manager of Bell, Calif., has pleaded no contest to all 69 state corruption counts against him because he wants to take responsibility for mistakes he made and put his legal troubles behind him.

Attorney James Spertus said Thursday he expects Rizzo will be given 10 to 12 years in prison when he is sentenced March 12. He remains free on bail until then.

Rizzo was charged with looting the modest Los Angeles suburb he managed of more than $5 million. Authorities say he used the money to pay himself and other top city officials huge salaries. Rizzo himself had an annual salary and compensation package of $1.5 million.

Five former city council members have been convicted of similar corruption charges.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.04% dw 4.13%  
15 Y Fixed Graph 3.04% dw 3.09%  
30 Y Fixed Jumbo Graph 4.13% dw 4.16%  
5/1 ARM Graph 3.22% -- 3.22%  
5/1 Jumbo ARM Graph 3.51% up 3.38%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% -- 4.32%  
$50K HELOC Graph 3.99% -- 3.99%  
$30K Loan Graph 4.99% up 4.97%  
$50K Loan Graph 4.36% up 4.35%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.83% dw 2.84%  
36 M Used Graph 3.36% dw 3.37%  
48 M New Graph 3.15% -- 3.15%  
48 M Used Graph 3.00% -- 3.00%  
60 M New Graph 3.17% -- 3.17%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% up 0.38%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.50% dw 1.50%