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Thompson is charged with filing false federal income tax returns for the years 2013 through 2017. He is also charged with lying to federal regulators in early 2018 about the amount of money he owed Washington Federal Bank for Savings in Bridgeport.
Ald. Patrick Daley Thompson’s tax fraud case opens Monday. He’ll be the first from Chicago’s Daley political family to face trial and the first sitting Chicago City Council member on trial in more than two decades.
He stayed on at City Hall for a month after being charged. His boss Cole Stallard got a mortgage from Washington Federal Bank for Savings while Mahon was on the bank board.
A Chicago city administrator responsible for accountability faces charges of falsifying bank loans, lying to regulators and taking a $130,000 personal loan he never repaid while on the bank’s board.
William M. Mahon, who was once suspended for helping rig city job applicants’ test scores, now faces charges over his role as a Washington Federal Bank for Savings board member.