Michigan (Tresa Baldas-Detroit Free Press) – The federal government has snared another defendant in its pension fraud probe: an Atlanta businessman who is charged with embezzling more than $3 million from three local pension funds.
Roy Dixon is accused of using pension funds to build his $8-million mansion and bribing former Detroit Treasurer Jeffrey Beasley with cash and a vacation.
Dixon was indicted on 13 charges of conspiracy to commit fraud, extortion and bribery on Friday — 10 months after Beasley was indicted on charges that he ran a bribery and kickback scheme that cost two Detroit pension funds $84 million in losses.
Beasley, ex-Detroit Mayor Kwame Kilpatrick’s fraternity brother, is accused of taking bribes in exchange for approving more than $200 million in pension fund investments. The alleged bribes came in many forms, including luxury vacations, court records show.