Former Atlanta chief financial officer pleads guilty to stealing money from city for trips and guns

ATLANTA (AP) — The former chief financial officer for Atlanta pleaded guilty on Monday to stealing money from the city for personal travel and guns and trying to cheat the federal government on his income taxes.

Jim Beard, 60, pleaded guilty to one count of federal program theft and one count of tax obstruction in federal court in Atlanta.

U.S. District Judge Steve Jones is scheduled to sentence Beard on July 12. Beard could face as many as 13 years in prison but is likely to be sentenced to substantially less under federal guidelines.

Beard served as the city’s chief financial officer under Mayor Kasim Reed, managing Atlanta’s financial resources from 2011 to 2018. Beard is the 10th person to be convicted in an anti-corruption probe into Reed’s administration. Most of the others were convicted on charges of giving or taking bribes for city contracts. Reed himself has never been charged.

During his time in office, Beard used city money to pay for personal trips and to illegally buy two machine guns for himself, he admitted in his plea agreement.

Federal prosecutors said Beard stole tens of thousands of dollars from the city, although the plea outlined about $5,500 in thefts.

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