Ex-city official gets 18 months in prison for role concealing multimillion-dollar embezzlement scheme that led to Bridgeport bank collapse – Chicago Tribune chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.
A former high-ranking city official was sentenced to 18 months in prison Wednesday for helping to conceal a multiyear embezzlement scheme that led to the failure of Washington Federal Bank for Savings, a family-run institution that had been a mainstay in Chicago’s Bridgeport neighborhood for more than a century. William Mahon, 57, pleaded guilty last year to conspiring to falsify bank records .
Ex-city official gets 18 months in prison for role concealing embezzlement scheme chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.
The former vice president of a now-shuttered Bridgeport bank pleaded guilty Thursday in a massive embezzlement scheme involving millions of dollars in bad loans that were hidden through a web of falsified records that made the bank’s books look legit.