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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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Bridgeport bank failure fallout: Ex-Chicago city official William Mahon, second man plead guilty in collapse of Washington Federal Bank for Savings

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. ....

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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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Bridgeport bank failure fallout: Washington Federal Bank for Savings CEO hid bad loans from regulators, trial shows

Washington Federal Bank for Savings failure trial of Robert Kowalski lays bare how CEO John F. Gembara told employees to conceal delinquent loans for millions owed by ‘friends of John.’ ....

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Bridgeport bank failure case: CEO's wife told police of 'illegal activity' 5 years before shutdown of Washington Federal Bank for Savings

Five years before Washington Federal Bank for Savings was ordered closed because of massive fraud, CEO John F. Gembara’s wife told police she planned to call the FBI on her husband, newly obtained records show. ....

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