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In failed Bridgeport bank scandal, Washington Federal Bank for Savings client Edward H. Gobbo got out of $4 million owed by going bankrupt, then got millions more in loans

A month after Edward H. Gobbo got out of bankruptcy, Washington Federal Bank for Savings CEO John F. Gembara starting giving him millions more in loans, records show. When the bank went bust, Gobbo or his immediate family owed over $3.8 million on 27 residential loans, some years overdue. ....

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Crooked Bridgeport bank drew these people with high-interest CDs that fueled embezzlement scheme

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. ....

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2 real estate developers found guilty of embezzling millions from failed Washington Federal Bank

Two real estate developers were convicted last week of participating in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings in Chicago. ....

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Bridgeport bank failure fallout sees key figure convicted of embezzling $6 million

Matczuk, who said he did odd jobs for Washington Federal Bank for Savings and its employees, was given the money on orders of the late bank chief John F. Gembara. ....

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Three Board Members of Failed Washington Federal Bank in Chicago Guilty of Falsifying Records and Obstructing Regulators

Three Board Members of Failed Washington Federal Bank in Chicago Guilty of Falsifying Records and Obstructing Regulators
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