CHICAGO â Alderman Patrick Daley Thompson, grandson and nephew of two legendary Chicago mayors, pleaded not guilty Thursday to federal charges stemming from an investigation into the collapse of a clout-heavy bank in his familyâs longtime Bridgeport neighborhood.
Thompson, 51, entered his plea during an arraignment by telephone before U.S. District Judge Franklin Valderrama, who set a recognizance bond for Thompson.
The alderman spoke only briefly during the 30-minute hearing, answering, âYes your honorâ when asked if he was prepared to go forward with the arraignment remotely.
Meanwhile, Thompsonâs lawyer, Chris Gair, made several inferences to the weakness of the charges and said he was seeking a speedy trial to clear the aldermanâs name.
Ald. Patrick Daley Thompson, 51, the grandson and nephew of two legendary Chicago mayors, pleads not guilty to charges stemming from a probe into the collapse of a clout-heavy bank.
Ashlee Rezin Garcia / Sun-Times file
Patrick Daley Thompson needed money.
The nephew of former Mayor Richard M. Daley and grandson of the late Mayor Richard J. Daley had his law practice and his post as an elected commissioner of the Metropolitan Water Reclamation District of Greater Chicago. He also had whatever he took in from renting out a two-flat he owned in Bridgeport not far from the one where he and his family lived the same house where his grandfather lived as he built one of the nation’s most powerful political machines.
But Thompson also had two mortgages and, according to court records, he was nearly three years past due on one of them, owing $107,447 on a mortgage for the two-flat.
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