The UPoR reports this involves an FBI sting operation, which dates back to August 2010. Cannon allegedly solicited bribes from undercover federal agents posing as real estate developers and investors. More details as they become available.

Update: Cannon allegedly took a $20,000 bribe in cash last month in the mayor’s office.

Update II: There were allegedly five payments to Cannon, the first to help fund the develop of a feminine hygiene product called “Hers.” OK, that’s just weird.