BIRMINGHAM, Ala. (AP) -- The FBI says the mayor of Birmingham, Ala. has been arrested on federal charges.
FBI Spokesman Paul Daymond said Larry Langford was taken into custody around 7 a.m. on Monday. It isn't immediately clear what charges he faces.
Authorities are planning to say more at a morning news conference.
Langford was president of the Jefferson County Commission before he was elected mayor last year. He's been accused in a Securities and Exchange Commission lawsuit of taking more than $156,000 from a friend whose firm made millions on risky bond transactions that has pushed the state's largest county to the brink of bankruptcy.
Langford has denied wrongdoing.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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