"This is a sad day for the city of New Orleans. Today's indictment of former Mayor Ray Nagin alleges serious violations of the public's trust," said New Orleans Mayor Mitch Landrieu. "Public corruption cannot and will not be tolerated."
The indictment says Nagin received numerous kickbacks for steering business toward businessmen Frank Fradella and Rodney Williams.
A well-known business man, more than 10 years ago in the spring of 2002, Nagin stepped into the political limelight.
Elected as mayor of New Orleans, beating then NOPD Chief Richard Pennington in what turned out to be a heated race.
Nagin's support was wide-ranging; the Democrat received the bulk of the city's Republican votes.
When he took the oath of office in May 2002, the former cable television executive said he began his campaign with a vision.
In his first term, Nagin cracked down on the city's embattled taxi cab bureau and upgraded City Hall's filing and computer software system.
Through three years, it was mainly considered a success for the political newcomer.