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bullish pattern emerging on ingersoll (500210) ✌️【Portfolio Strategy】✌️ Stay informed with expert predictions of stock trends and real-time market data, covering global indices, futures, metals, and agricultural products. Make better decisions and achieve consistent growth in your investments. Thao, Andre Jones and business owners Andy and David Duong were indicted on charges of bribery, conspiracy and mail and wire fraud. Andy Duong also was charged with one count of lying to federal agents. All four made an initial appearance Friday.

Federal prosecutors allege Thao, who was elected Oakland’s mayor in 2022, agreed that the city would purchase housing units from one of the Duongs’ companies and renew the city’s contract with a recycling company David Duong owned. In exchange, David Duong and his son, Andy, promised to fund a $75,000 mailer attacking Thao’s political opponents and make $300,000 in payments for a no-show job for Jones, who is described in the indictment as Thao’s longtime romantic partner who lived with Thao in Oakland.

“The alleged activities of the accused have led to a growing sense of distrust among taxpayers and elected officials,” Internal Revenue Service Special Agent Linda Nguyen said at a news conference Friday announcing the indictments. “As alleged, David and Andy Duong used bribes to further the profitability of their business interests and to obtain undo influence over the appointment of high-level Oakland city officials.”

David Duong was the president and CEO of a recycling company that provided residential recycling collection services to Oakland homes and also co-owned with Andy Duong a housing company formed in 2022 to manufacture prefabricated modular homes for unhoused people.

If convicted of all counts, each faces up to 35 years in prison. Andy Duong faces up to an additional five years if convicted of lying to agents.

bullish pattern emerging on ingersoll (500210) ✌️【Portfolio Strategy】✌️ Free access to professional investment advisors who provide real-time market data and trend analysis. Select top-performing stocks and boost your capital with expert strategies for market growth. Thao’s attorney, Jeff Tsai, did not immediately respond to messages Friday seeking comment on the indictments. Court records do not list the names of attorneys for Jones or the Duongs. A telephone message left Friday with the San Francisco office of David Duong’s recycling company, Cal Waste Solutions, also was not immediately returned.

bullish pattern emerging on ingersoll (500210) ✌️【Portfolio Strategy】✌️ Free stock market analysis and data updates to help you select the best investment portfolio. Achieve steady growth and avoid losses with expert predictions and real-time market insights. Thaodelivered a defiant statementin June after federal authoritiesraided her home, saying at the time that she did nothing wrong and that she had no plans to resign from office.

Voters in Oaklandousted Thao from officeduring a recall election in November just two years after she narrowly won office, becoming the first Hmong-American woman to become the mayor of a major US city.

bullish pattern emerging on ingersoll (500210) ✌️【Portfolio Strategy】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. She faced criticism almost immediately after taking office forfiringpopular Oakland Police Chief LeRonne Armstrong. Frustrated voters, including the local NAACP, blamed Thao for a long list of city woes related to public safety, homelessness and the city’s budget, and she went into the recall election weakened by the FBI raid on her home.

LongtimeDemocratic U.S. Rep. Barbara Leeis among those seeking to replace Thao as Oakland’s next mayor.

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