Redflex Death Watch – Scandal Widens

Redflex circles the drain counterclockwise, for our Aussie friends

Redflex Traffic Systems Inc. may have just entered a black hole that investors, politicians and any other fools who have broken bread with these crooks will be unable to avoid getting sucked in to.

Welcome to the rabbit hole, Redflex apologists. This one’s going to be painful and deep.

3 more investor alerts [1], [2], [3], were sent out tonight regarding the fallout from the Chicago bribery scandal, none of them contained good news for the scamera vendor or their cohorts.

According to TheNewspaper.com,

The company reported profit for the six months ended December 31, 2012 were cut in half from $7.2 million to $3.6 million thanks to growing resistance to automated enforcement. The firm reported 101 installations were removed, but only 54 new locations were added in six months.

So far, the company has also spent $1.2 million in legal fees related to the Chicago scandal. When Chicago’s red light camera contract expires, Redflex will lose another 13.6 percent of its income. The company also warns of the possibility of bribery revelations in other cities.

“The current investigation may identify other instances of similar dealings with the city of Chicago and/or other jurisdictions,” Redflex admitted to investors.

The fact that Redflex is having to admit that this bribery scandal is just the beginning is very telling. They’re conceding that other bribery allegations are about to surface from other cities and states and there’s nothing they can do to stop it. Redflex Death Watch 2013 has reached a quickening pace!

Q: What does this mean for Arizona?

A: It means that every politician and bureaucrat in this state with ties to Redflex, including DPS, ADOT, Governor Brewer, almost every single state legislator since 2008 and city council members, including mayors, on the list below should be put on warning immediately. Chicago-style corruption will not be tolerated and certainly not when it’s been uncovered.

Cities in Arizona which have had contracts with Redflex and should launch bribery investigations of their own:

• Phoenix
• Scottsdale
• Paradise Valley
• Tempe
• Chandler
• Peoria
• Globe
• Surprise
• El Mirage
• Prescott Valley
• Star Valley

The Chicago Tribune is proclaiming that the Redflex bribery scandal “would rank among the largest in the annals of Chicago corruption.”  With the reputation Chicago has for massive corruption, this is a horrifying revelation for anyone associated with the company, especially those who could be locked up for accepting bribes.

Look out below mates, Redflex is circling the drain!