Tagged: Kym Worthy

The war of words between Wayne County Prosecutor Kym Worthy and County Executive Robert Ficano is intensifying.

Worthy held a press conference Wednesday to blast Ficano. She spoke in front of a televised slideshow with media clips detailing the Ficano administration’s ongoing corruption issues.

A Wayne county man is facing criminal charges for allegedly defrauding federal real estate giants Fannie Mae and Freddie Mac.

Samer Salami, a real estate agent and broker for Fannie and Freddie,
is accused of obtaining properties they owned through Trademark
Assets--a shell company he secretly controlled--for an artificially
low price.

Salami would then turn around and sell the property to an actual,
higher bidder—pocketing the difference between the two sales, plus a
double commission.

Overall, it’s alleged Salami bilked the mortgage giants out of about
$488,000, through 22 such illegal housing sales in Wayne county.

Wayne County Executive Robert Ficano says department heads will have to implement deep cuts.

But department heads are rebelling, and one has already threatened to sue.

In a 2-year budget plan, Ficano says all county departments will have to absorb a 20% budget cut if the Wayne County is to avoid fiscal disaster.

He says property tax revenues have plummeted, and the county faces a $155 million dollar accumulated deficit.