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Mustafaa Saleh admitted he secretly bought county-owned homes and resold them for a profit. He was convicted of fraud involving the county agency.
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.
These Washington Federal Bank for Savings customers had no idea the high interest rates that attracted them were feeding the fraud. The bank’s “smooth operators” lured them in, the daughter of one victim says.
Three former board members of the failed Washington Federal Bank for Savings in Chicago have pleaded guilty to falsifying records and obstructing regulators.
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.