Your former city government, getting ripped off

Poor Henry Cisneros. Bad things just seem to keep finding him.

SAN ANTONIO (AP) -- A long-time friend of former Housing and Urban Development Secretary Henry Cisneros has pleaded guilty to stealing $473,000 from Cisneros' accounts.

Fred L. May III pleaded guilty to fraud in federal court on Wednesday. He was a long-time friend and former college classmate of Cisneros, who was a HUD secretary during the Clinton Administration and previously served as mayor of San Antonio.

(from WOAI-TV)

Nice friend to have.