Charlotte, NC (WJZY) -- According to FOX Carolinas Charlotte Mayor Patrick Cannon was arrested Wednesday by FBI agents on charges of federal corruption.
In federal court documents Cannon is charged with theft and bribery. The charges are in relation to programs receiving federal funds, honest services wire fraud and extortion.
The complaint and affidavit said that during the course of that investigation, Cannon allegedly solicited and accepted money bribes and things of value from undercover FBI agents, posing as commercial real estate developers and investors wishing to do business in Charlotte.
According to court documents, Cannon solicited and accepted such bribes and things of value in exchange for the use of his official position as Charlotte Mayor, Mayor Pro Tem and/or as a City Council Member.
The complaint and law enforcement affidavit allege that Cannon accepted the bribes from the undercover FBI agents on five separate occasions. On the last occasion, on February 21, 2014, Cannon allegedly accepted $20,000 in cash in the Mayor's office.
According to the complaint and the affidavit, between January 2013 and February 2014, Cannon allegedly accepted from the undercover agents over $48,000 in cash, airline tickets, a hotel room, and use of a luxury apartment in exchange for the use of his official position.
Cannon had his initial appearance today and has been released on bond, pending indictment.
Cannon resigned several hours after his release.