More trouble for Alexi, Part 623
Friday, Jun 16, 2006
Like I said yesterday, lawsuits can provide great fodder for campaign reporting.
Banker Alexi Giannoulias — the Democratic nominee for state treasurer — is accused of approving a $1 million loan to an 86-year-old mentally incompetent woman whose “business partners” have been suspected of fraud in the past.
Yeah, that’s good. Pick a fight with a little old lady. What a marvelous candidate we have here.
Billings invested $50,000 and after just eight months, they convinced her she’d made $993,343. That led her to ask Broadway Bank about a $1 million loan for more investments, the suit says.
How many more stories like this can he take?