Ex-NJ lawmaker admits taking bribes

November 24, 2008 11:33:55 AM PST
The former chief of staff to Newark's City Council president pleaded guilty Monday morning to attempted extortion and bribery.Keith Reid, 49, was accused of accepting $10,000 in bribes from a fake insurance agency set up by federal authorities to insure municipal contracts.

He entered his guilty plea just a week after his trial began, after approaching prosecutors about a plea deal on Friday.

Reid will be sentenced March 25.

Reid also agreed during his guilty plea to forfeit a total of $15,500, representing the entire amount of bribes he took as described in the indictment on which he was being tried in federal court.

Reid specifically admitted that, in addition to accepting $5,000 in one instance for himself, he accepted another $5,000 bribe on behalf of the Mayor of Irvington.

U.S. Attorney Christopher Christie said the investigation is continuing.