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Businessman Will Pay $4M to Detroit Pension Funds in Settlement Over Failed Investment
Detroit Free Press Link to more items from this source
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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