A former FBI agent who retired after 20 years as a special agent has been arrested and indicted on a federal criminal charge alleging he conspired to accept more than $200,000 in cash bribes and gifts.
The Department of Justice said Babak Broumand accepted the bribes and gifts in exchange for providing sensitive law enforcement information to a lawyer with ties to Armenian organized crime.
Broumand was charged with filing false financial disclosure forms to cover up bribes he allegedly received from an attorney with ties to organized crime.
The indictment alleges that Sargsyan was a criminal and “associated with a criminal organization” when he bribed Broumand, who was still working at the FBI at the time. He allegedly bought Broumand a $36,000 motorcycle and paid him $30,000 for a down payment on a second home in Lake Tahoe.
A DOJ press release stated:
During the course of the scheme, which started in early 2015 and continued through most of 2017, Broumand allegedly accepted bribe payments averaging approximately $10,000 per month.
According to the complaint, the bribes were paid by a man who became a licensed lawyer in 2016, which refers to this man as CW1, or cooperating witness 1. The complaint outlines cash deposits to several bank accounts, as well as various gifts, including hotels, transportation, and escort services, that total well over $200,000.
Many of the bribe payments were made in cash, but one payment was a $30,000 cashier’s check made payable to a company called Love Bugs, a hair lice treatment business that Broumand owned with his wife, the complaint alleges. Broumand used this money – which he later attempted to falsely characterize alternatively as a boat sale or a loan – as part of a down payment on a $1.3 million vacation home near Lake Tahoe.