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William A. Kowalski struck a two-year deal with federal prosecutors known as a deferred-prosecution agreement in the case involving a Bridgeport bank. If he holds up his end of the bargain, prosecutors are expected to dismiss the charges.
U.S. District Judge Franklin Valderrama made the ruling during a pretrial conference Friday, where it appeared Thompson’s trial was on track to begin Feb. 4.
The Sun-Times coverage of the Washington Federal Bank for Savings in Bridgeport, and the federal investigation into "massive fraud" at the now-shuttered bank.
After agreeing Chicago Ald. Patrick Daley Thompson's trial should proceed as planned next month, a judge ruled the alderman can present evidence he took steps to amend the tax returns at the center of the charges against him.
A former loan officer for a failed Bridgeport bank admitted in federal court Wednesday that she falsified loan records for Ald. Patrick Daley Thompson at the direction of the bank’s president.