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Businessman Will Pay $4M to Detroit Pension Funds in Settlement Over Failed Investment
Detroit Free Press
Apr. 10, 2013
"The businessman, Donald Watkins, had claimed that some pension trustees shook him down for donations to [ex-Detroit Mayor Kwame Kilpatrick's] legal defense fund, free flights on his jet and campaign contributions, but that he refused to participate. But the pension funds -- one for the police and fire departments, another for general city workers -- claimed that Watkins did them wrong and cost them millions."
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