Memphis politico Joe Cooper pled guilty yesterday to federal money laundering charges.
Cooper, an employee of a Cadillac dealership, accepted cash payments for Cadillac leases from drug dealers. The actual leases, however, were signed by other people.
The drug dealers provided cash payments to cover the leases to Cooper who then forwarded the money to the individual who had actually signed the lease agreement.
After yesterday's plea, Cooper's attorney indicated that Cooper will continue helping prosecutors in bribery and extortion cases against Memphis City Councilmen Rickey Peete and Edmund Ford involving payoffs of over $23,000.
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