Page 3 - Johnf Gembara News Today

The former Chicago City Council member from Bridgeport was found guilty in February of two counts of lying to regulators and five counts of filing false income-tax returns.

Boguslaw Kasprowicz pleaded guilty to charges stemming from the failure of Washington Federal Bank for Savings — the investigation that also ensnared ex-Ald. Patrick Daley Thompson.

Federal prosecutors say former Chicago Ald. Patrick Daley Thompson should go to prison for two years for cheating on his taxes and lying to federal regulators.

In asking a judge to go easy on the Bridgeport politician who was ensnared in a case involving a bank failure, his lawyer says Thompson has ‘suffered tremendous public humiliation as a result of his conviction.’

In asking a judge to go easy on the Bridgeport politician who was ensnared in a case involving a bank failure, his lawyer says Thompson has ‘suffered tremendous public humiliation as a result of his conviction.’

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.

Rosalie Corvite is cooperating with federal authorities in their continuing investigation of the failure of clout-heavy Washington Federal Bank for Savings.

The change of pleas come as the federal investigation into the $66 million embezzlement scheme continues.

Thompson was convicted by a federal jury in February. The court’s disciplinary action comes three days after Thompson’s attorney asked a judge to either overturn that verdict or order a new trial,

Patrick Daley Thompson’s lawyers are seeking a new trial or acquittal for the former City Council member — despite a jury’s verdict last month — in part by alleging that prosecutors made inappropriate arguments at the close of Thompson’s federal tax trial.