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Bridgeport bank failure fallout: Washington Federal Bank for Savings shutdown cost far more than feds have said: Where did the money go?

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. ....

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Former vice president at Washington Federal Bank pleads guilty in embezzlement scandal

James Crotty was fired from Washington Federal Bank for Savings in May 2017. The bank was shut down seven months later in December 2017. That happened just days after its president, John F. Gembara, was found dead in the $1 million Park Ridge home of a bank customer. ....

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Another potential witness against Ald. Patrick Daley Thompson pleads guilty

Cathy Torres’ name appears on a list of potential prosecution witnesses for Thompson’s federal tax trial, which is set for Feb. 4. The feds say Torres communicated with Thompson about his loan at Washington Federal and attempts to refinance there. ....

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Four new defendants added to federal indictment alleging multi-million dollar embezzlement conspiracy resulting in failure of Chicago bank

Four new defendants added to federal indictment alleging multi-million dollar embezzlement conspiracy resulting in failure of Chicago bank
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