
The former mayor of Oakbrook Terrace admitted Monday that he pocketed at least $88,500 as part of a criminal scheme involving red-light cameras in the western suburb, but he has now formally agreed to cooperate with federal investigators.
Tony Ragucci, 66, pleaded guilty to honest services wire fraud and filing a false tax return. He is just the latest politician to be swept up in the feds’ investigation of dealings involving the politically connected red-light camera company SafeSpeed LLC.