Lynx Equity Limited announces $50 million CAD financing from Washington Federal Bank apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
John F. Gembara, grandson of the founder of Washington Federal Bank for Savings in Bridgeport, was found dead, reportedly of suicide, in a client’s home shortly before the bank was shuttered.
1913 was a good year for European immigrants and their children seeking home ownership on Chicago’s Southwest Side. That year saw the creation of two savings banks just three miles apart, one in Brighton Park and the other in Bridgeport.
I know about the first one, Grunwald Savings, because it was founded by my grandfather, Edward Obrzut and associates, to bring home ownership to their many striving, industrious fellow immigrants. Obrzut had several other business ventures, including building a number of the solid brick bungalows that still stand stately today on the Southwest Side. My mother grew up in one of those bungalows, with her six siblings, on South Komensky Avenue. I have a single memory of being in that house in about 1949. A year later, in 1950, my parents secured a loan fr
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Afternoon Briefs: Strip club not eligible for PPP loans, court says; lawyer pleads not guilty in bank embezzlement plot
2nd Circuit says gentlemen’s club not eligible for PPP loans
The 2nd U.S. Circuit Court of Appeals at New York has ruled that a Buffalo-area gentlemen’s club in New York is not eligible for the Paycheck Protection Program under an exclusion for businesses offering “live performances of a prurient sexual nature.” Pharaohs GC Inc. had claimed that the exclusion amounted to content discrimination in violation of its constitutional rights. (Law360)
Lawyer pleads not guilty in scheme to embezzle bank funds
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Ill. Atty Pleads Not Guilty To Embezzling $31M From Bank
Law360 (March 4, 2021, 9:18 PM EST) A Chicago attorney and several former employees and executives of the shuttered Washington Federal Bank for Savings were among 10 defendants who pled not guilty Thursday to charges that they conspired in an elaborate scheme to embezzle tens of millions of dollars from the Chicago bank before it closed.
Prosecutors say an ongoing federal criminal investigation into the failure of the bank revealed attorney Robert M. Kowalski, 58, and others conspired to embezzle at least $31 million from the bank between approximately 2004 and 2018.
He and his sister, Jan Kowalski also an Illinois attorney, who made an unsuccessful run.