Page 3 - John Gembara News Today

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

John F. Gembara, the late president and CEO of a failed Bridgeport bank who was found dead in a customer’s bedroom five years ago, took center stage Tuesday...

Patrick Daley Thomspson, former 11th Ward alderman and scion of the Daley political dynasty, was sentenced Wednesday to four months in prison for tax evasion and lying to banking regulators.

Lawyers for ex-Chicago Ald. Patrick Daley Thompson asked Monday for a sentence of probation on his conviction on counts of tax evasion and lying to banking regulators.

Five years before Washington Federal Bank for Savings was ordered closed because of massive fraud, CEO John F. Gembara’s wife told police she planned to call the FBI on her husband, newly obtained records show.

Hours after the mayor announced a list of applicants vying to replace convicted Ald. Patrick Daley Thompson, his lawyers filed a motion for a new trial.

Documents subpoenaed by prosecutors and other public records reflect a growing desperation as he tried to quadruple the amount of money he was borrowing from Washington Federal Bank for Savings.

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

The former vice president of a now-shuttered Bridgeport bank pleaded guilty Thursday in a massive embezzlement scheme involving millions of dollars in bad loans that were hidden through a web of falsified records that made the bank’s books look legit.

Ald. Thompson should have known he shouldn’t be playing in certain sandboxes.