Bobby Ferguson forfeits property, cash, homes one day after jury finds him guilty

DETROIT (WXYZ) - Kwame Kilpatrick and Bobby Ferguson have given up their freedom, but now the feds are looking for more.

Now that the duo's been convicted under the powerful racketeering statute—known as RICO—the feds have started pursuing any assets that were purchased with ill-gotten gain.

"They have a team of forfeiture analysts, contract people, attorneys, and FBI special agents that that's all they do, their job is to focus on finding the assets in these cases," said Dan Roberts, the former Special Agent in Charge of Detroit's FBI office.

The feds wasted no time. On Tuesday, Bobby Ferguson agreed to give up a laundry list of assets: a slew of Caterpillar trucks, excavators and loaders, more than $460,000 in cashiers checks and bank accounts, a home in Detroit and a riverfront suite downtown.

Normally, says Roberts, the feds seize assets like these in drug cases.

"But in this case it's from extortion, it's from bribery. So the agents and the contract forfeiture specialists and others will be looking for those assets and trying to convert them back to the United States government," he said.

For Kilpatrick, nothing has been seized or forfeited yet.  Roberts says that the feds likely have a list of assets they'd like to grab from the former mayor that they've been making since their investigation began.

"(But) the problem is going to be, if there's any cash left anymore. If there is, it's likely hidden away somewhere very well," Roberts said.

Kilpatrick has insisted that he's broke.

What the feds can't take, though, is anything that could harm innocent bystanders, like Ferguson's or Kilpatrick's families.

"They won't do anything detrimental to the family, so if there's something that's going to put the family out on the street, they're likely not going to make the decision to seize their house or take away their food, clothing and shelter type of thing," Roberts said.

If you have a tip for the 7 Action News Investigators, contact us at tips@wxyz.com or at (248) 827-9466.

Print this article Back to Top

Comments