Former Atlanta CFO Pleads Guilty to Federal Charges
Jim Beard admitted to misusing city funds for personal expenses and tax fraud, marking a significant development in the Atlanta City Hall corruption probe.
- Jim Beard, the former Chief Financial Officer for Atlanta, pleaded guilty to stealing city funds for personal use and tax obstruction.
- Beard faces up to 13 years in prison, with sentencing scheduled for July 12.
- This case is part of a larger anti-corruption probe into former Mayor Kasim Reed's administration, making Beard the 10th person convicted.
- Beard misappropriated funds for personal trips, including attending music festivals, and illegally purchased two machine guns.
- Beard agreed to forfeit the machine guns and pay restitution, including over $100,000 in fines and restitution ordered by Atlanta's ethics division.
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