Lance Young, a Jacksonville, Florida businessman, pleaded guilty to bribery charges and agreed to testify against former Jacksonville Port Authority Vice Chairman Tony Nelson, 51, to whom he paid bribes in exchange for contracts. Young admitted that he agreed to pay Nelson an annual bribe of $102,000 to Nelson who then steered some $2.5 million in dredging contracts to Young's company, Subaqueous Services Inc. Nelson was indicted last January on 44 felony counts, including conspiracy, money laundering, mail fraud, bribery and making a false statement to the FBI.
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