( CNN ) -- Ex-Detroit Mayor Kwame Kilpatrick and his former treasurer got more than $ 125,000 in free travel and entertainment from an investment firm that made $ 3 million handling city pension funds , federal regulators said Wednesday . A lawsuit filed by the Securities and Exchange Commission accuses Kilpatrick and former city Treasurer Jeffrey Beasley of soliciting the gifts from MayfieldGentry Realty Advisors , which regulators say picked up the tab for trips to Las Vegas , Bermuda and Florida on private jets . Beasley told the firm 's owner , Chancey Mayfield , that his company was `` in the doghouse '' with Kilpatrick 's administration after Mayfield backed Kilpatrick 's opponent in the 2005 election , the lawsuit states , and Beasley offered to help Mayfield `` clear the air '' with the mayor . `` At the same time Mayfield and MGRA secretly provided these gifts , they were seeking approval from the trustees of the funds , including Kilpatrick and Beasley , for over $ 115 million in investments , '' the lawsuit states . `` The failure by Kilpatrick , Beasley , MGRA , and Mayfield to disclose these gifts and the resulting conflicts of interest constituted a fraud on the pension funds . '' There was no immediate response to the lawsuit from the defendants Wednesday afternoon . MayfieldGentry 's phone was out of service , and the company 's website was offline . Kilpatrick was forced to resign in 2008 in a scandal over his attempt to cover-up of an extramarital affair . He served three months in jail for assaulting a police officer who was attempting to serve a subpoena on one of his friends , then served another 14 months in prison for violating probation . He still faces federal racketeering charges over what prosecutors call `` a pattern of extortion , bribery and fraud '' during his administration , particularly involving contracts with the water department . Beasley was indicted on federal bribery charges in February , with prosecutors accusing him of taking kickbacks from companies with city pension fund business . According to the charges , Detroit 's two pension funds lost more than $ 84 million as a result of the scheme .
An SEC lawsuit names Kwame Kilpatrick and his former treasurer . The suit says the mayor is liable for more than $700,000 in alleged campaign finance violations stemming from a failed attempt to repay money he received as part of an agreement with businessman Tony Soave that would Kilpatrick resigned in 2008 and faces federal racketeering charges .