Imprisoned former Charlotte Mayor Patrick Cannon has sold his shares in a parking firm he started, the Charlotte Observer reports.
Cannon, who replaced Transportation Secretary Anthony Foxx as Charlotte mayor in 2013, was jailed after he was convicted on corruption charges.
{mosads}The disgraced former mayor has sold his shares in the E-Z Parking company, which operates more than a dozen garages in Charlotte, according to the report.
“Patrick Cannon is no longer part of this company, and he played almost no role in the business over the past five years. I recently purchased all of his stock and am now the sole owner of E-Z Parking,” current E-Z Parking Owner Jeff Feemster told the paper in a statement.
“Although our company has been negatively impacted by his actions, I am doing everything possible to retain the confidence our clients have placed in us for more than 16 years by continuing to provide excellent service and value,” Feemster continued.
Cannon was a member of the Charlotte City Council for nearly two decades before became the city’s mayor following the appointment of Foxx to lead the federal Transportation Department.