The FBI is looking into whether an executive at LAZ Parking, the company tasked with managing the parking meter deal, received some $90,000 in bribes as payback for helping a company get the contract to install the devices.
Back in February, the feds filed a 17-page affidavit to gain access to two email accounts belonging to LAZ Parking's vice president of government services. The filing, of which the public has recently been granted access, states that the LAZ exec met with the president and CEO of the parking meter installation company in 2008 to discuss the deal. During that meeting in Florida, the CEO offered the LAZ executive kickbacks in exchange for helping his company secure the contract for the 75-year lease worth $1.2 billion. A second kickback scheme was also agreed upon to cover any additional contracts the company was granted with relation to the parking meters.
The LAZ vice president then gave the CEO insider information on the bidding process for the parking meter installations, and the company consequentially won the $22 million contract. In 2009, the LAZ exec's wife set up a company for the purpose of funneling the payments from the CEO, pulling in some $90,000 over four payments in 2010.
The CEO, who has since pled guilty to bribing an official in another city, told the FBI that the LAZ exec circled back looking for more money in 2011. Later that year, the CEO essentially told the LAZ VP via email that he had already been sufficiently paid, especially since the deal was not as profitable as he had previously envisioned. Soon after, the FBI raided the CEO's office for a separate bribery investigation. The CEO has been cooperating with the FBI and will soon be sentenced in the bribery case from that other jurisdiction. The LAZ exec has not yet been charged with any crimes.