Karen Finley, the former CEO of the company that once installed and ran Chicago's red light cameras, pleaded guilty Thursday to a federal bribery conspiracy charge.
The former Redflex Traffic Systems CEO pleaded guilty to funneling cash and benefits to the official previously responsible for managing Chicago's red light camera program in exchange for city contracts between 2003 and 2011.
Finley faces up to five years in prison. Her sentencing hearing is scheduled for February 18, 2016.
The city's former red light camera manager, John Bills, is also facing federal bribery and fraud charges in connection with the scandal. He has pleaded not guilty to those charges, and his trial is set to begin January 11.
Bills received the bribes from his friend, Martin O'Malley, who Finely hired back in 2003 to serve as a contractor for Redflex, according to her plea agreement. For his part, O'Malley had provisions in his contract allowing for "lucrative increases" in compensation when new red light cameras were installed in Chicago, according to federal authorities.
In December, O'Malley pleaded guilty to one count of conspiracy to commit bribery in connection with the scheme. His sentencing hearing date has not yet been set.