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William Mahon, who served under Richard M. Daley, Rahm Emanuel and Lori Lightfoot, served on the board of the crooked Chicago bank.
They’re looking at ties between a dumpster company, owned by James W. Bracken III, and a former city official who was on the bank’s board, the Sun-Times has learned.
William M. Mahon was a high-ranking City Hall official under three former mayors and had close ties to the Daley family’s political organization.
Authorities say they’ve recovered $59 million toward the money lost when they shut down Washington Federal Bank for Savings, but they’re still out another $81 million, records show.
The "ComEd Four" bribery trial is likely to highlight ex-Speaker Mike Madigan’s power and the state’s blurry line between politics and crime.