ATLANTA -- Federal prosecutors in Kentucky Tuesday began outlining their extortion case against the husband of former Gov. Martha Layne Collins, presenting previously undisclosed details about his alleged scheme to extract money from two securities firms in the mid-1980s in exchange for state bond work.

Bill Collins, the former governor's husband, was charged in July 1992 with forcing Donaldson, Lufkin & Jenrette Securities Corp. and Cranston Securities to ante up more than $1 million for campaign contributions and horse partnership investments so the firms could win underwriting contracts. Bill Collins was also charged with breaking federal tax laws forbidding deductions for kickbacks and bribes.

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