To satisfy half of a court-imposed $1 million fine, disgraced former House Speaker Jim Black was allowed to surrender two parcels of real estate in Mecklenburg County with a tax value of under $150,000. Carolina Journal investigates the settlement deal.
(1.11.12) Offer to Buy Jim Black’s Land for Half Price Rejected
CARY — In 2009, supporters of the deal to buy the ex-speaker's land claimed it would fetch at least the $500,000 he owed for a conviction on corruption charges. Instead, nearly three years later, the Town of Matthews made an initial offer to purchase it for less than $300,000.
(6.28.11) Property Jim Black Used to Settle Criminal Fine Drops in Value
RALEIGH — Prosecutors and the former House speaker's attorneys said the undeveloped land was worth more than the $500,000 he owed on a $1 million criminal fine, but tax records have put the value at less than 30 percent of his outstanding debt.
(12.01.10) Wake County Schools Having No Luck Selling Jim Black Property
RALEIGH — The school board was hoping proceeds of the sale could help with the district's flagging finances. Critics say Black should have been forced to settle his criminal fine with cash.
(7.08.09) Wake School Board Not Informed About Black Fine Settlement
RALEIGH – The Wake County School Board learned of imprisoned former House Speaker Jim Black’s offer to use some undeveloped Mecklenburg County real estate to settle a criminal corruption fine after the deal went through, said school board chair Kevin Hill.
(6.29.09) Critics: Black Got Sweetheart Deal on Fines
RALEIGH — As jailed former state House Speaker Jim Black mounts a campaign for early release from federal prison, critics contend that the state justice system did favors for Black regarding the settlement of his $1 million fine in a corruption and bribery scheme.
(6.22.09) Questions Still Surround Black Property Settlement
RALEIGH — Wake County officials say imprisoned former North Carolina House Speaker Jim Black satisfied a court-ordered $1 million fine recently by surrendering some Mecklenburg County real estate, but questions remain about the real market value of the property, who owns the parcels, and whether the transfer was legitimate.
(6.18.09) Jim Black’s Property Settlement in Corruption Case May Not Add Up
CHARLOTTE — Imprisoned former North Carolina House Speaker Jim Black used undeveloped land with a tax value of less than $150,000 to pay off an outstanding $500,000 state fine linked to his conviction on corruption charges, according to Mecklenburg County property records.