Stay updated with breaking news from Johnf Gembara. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
One year since Ald. Patrick Daley Thompson (11th) was convicted of cheating on his income taxes in a case involving clout-heavy Washington Federal Bank for Savings, another trial is about to get underway that holds the promise of revealing more secrets about the Bridgeport bank.
Washington Federal Bank for Savings’ failure was at the periphery of Thompson’s trial but will be centerstage when Robert M. Kowalski, who got millions of dollars in loans the feds say didn’t have to be repaid, goes on trial Monday.
Authorities are trying to determine whether the money Marek Matczuk lost gambling came from the millions he never repaid Washington Federal Bank for Savings.
Today’s update is a 5-minute read that will brief you on the day’s biggest stories.
Former Ald. Patrick Daley Thompson, part of Chicago’s most famous political family, was expected to report to federal prison Monday to begin serving a four-month sentence for lying to banking regulators and filing false income tax returns in a case involving a failed Bridgeport bank, Washington Federal Bank for Savings.