Ex-Moreno Valley Councilman Admits To Taking $2.3M Bribe

CBS Los Angeles

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LOS ANGELES (CBS/AP) — A former member of the Moreno Valley City Council has agreed to plead guilty to a federal bribery charge for taking a $2.36 million cash payment from an undercover operative posing as a real estate broker, authorities said Tuesday.

Thom Mrozek, a spokesman for the U.S. Attorney’s Office, says the bribe is believed to be the largest ever accepted by a U.S. public official in an undercover operation.

Federal prosecutors announced Tuesday that 64-year-old Marcelo Co will plead guilty to one count each of bribery and filing a false tax return.

Prosecutors say Co agreed to sell a 30-acre property for $5.36 million at a meeting on Jan. 30 but that the publicly filed documents would reflect a sale price of only $3 million. At this meeting, Co accepted $2.36 million in cash, promising to rezone the land, prosecutors said.


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