A possible buyer for the Carraway Medical Center has a questionable history.
The Rev. Hosea Agee, Jr. went before the Birmingham City Council this morning and announced that he was buying the Carraway Medical Center and turning it into a center for homeless veterans. However, according to the Birmingham News, current building owner Brenda Spahn has not agreed to sell the building to Agee.
But Agee also has a financially questionable past, including a conviction on securities charges that one official compared to an “affinity scam.” In 2001, he pleaded guilty to selling an unregistered security after being indicted for several securities-related charges in 2000 relating to the sale of church bonds.
“This crime fits the profile of an affinity scam which targets people in an organization by a member of that organization, which is oftentimes a church,” Joseph P. Borg, the then-director of the Alabama Securities Commission, said after Agee was sentenced.
The late Judge Mac Parsons sentenced Agee to a four-year suspended sentence and a five-year probation, and ordered him “to pay restitution of $21,000 to 3 victims at $475.00 per month.”
Agee was also a supporter of former Mayor Larry Langford during his corruption trial, and referred to Langford as a “friend.”