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* Wow…
Thompson, who has served as 11th Ward alderman since 2015, was charged in a seven-count indictment with filing false tax returns and lying to FDIC officials about $219,000 in loans and other payments he’d received from Washington Federal Bank for Savings before it was shuttered.
— Jason Meisner (@jmetr22b) April 29, 2021
* From the story…
The indictment alleged the first loan for $110,000 was the only one ever put on paper. Thompson allegedly made one payment on it but never paid off the rest. The other two loans, which totaled $120,000, were completely off the books, and Thompson made no effort to repay either principle or interest on them, according to the charges.
Thompson then took tax reductions on his IRS returns by claiming he was paying “mortgage interest” on the loans, the charges alleged. […]
An arraignment date for Thompson has not been set. His lawyer, Chris Gair, could not immediately be reached.
Washington Federal later collapsed in 2017, leading to federal charges against a number of the bank’s executives and former customers alleging a multiyear, $31 million embezzlement scheme that preceded the institution’s failure.
*** UPDATE *** I watched this man deteriorate before my very eyes and, sadly, this does not surprise me…
///BREAKING/// (Yes, more news!) Former 22nd Ward Chicago Ald. Ricardo Munoz has been indicted on federal charges alleging he spent campaign cash on sports tickets, travel, meals and other personal expenses. Story on that coming too. pic.twitter.com/YyPFtn1sA9
— Jason Meisner (@jmetr22b) April 29, 2021
* Sun-Times…
Former Ald. Ricardo Munoz once led the Chicago Progressive Reform Caucus, meant to “create a more just and equal Chicago,” the feds say.
But prosecutors allege the onetime veteran alderman used its accounts as a personal piggy bank, stealing thousands to pay for a relative’s college tuition, skydiving excursions, travel expenses, a hotel stay — and even at Lover’s Lane.
A 29-page indictment made public Thursday also indicates that Munoz’s behavior continued even after the feds’ aggressive pursuit of public corruption had blown into full view in November 2018.
Now, Munoz faces 15 counts of wire fraud and one count of money laundering. His arraignment had not been scheduled as of Thursday afternoon. His attorney, Richard Kling, said he had not yet seen the indictment and wanted to read it before commentin
The indictment is here.
posted by Rich Miller
Thursday, Apr 29, 21 @ 4:00 pm
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Here I thought Pat Huels was low mark for Bridgeport and the 11th Ward…
The “guys down the street” found something on a Daley… and it’s “banking stuff”… my gosh.
Wow.
Comment by Oswego Willy Thursday, Apr 29, 21 @ 4:07 pm
Gee whiz, it’s not enough to get a “loan” that he didn’t have to pay back, but did he really need to claim the tax deduction for interest he wasn’t actually paying? Clearly he’s not the brightest bulb in the Daley chandelier.
Comment by 47th Ward Thursday, Apr 29, 21 @ 4:10 pm
Can Burke and Thompson Zoom in to council meetings from the court room?
Comment by Shield Thursday, Apr 29, 21 @ 4:13 pm
A Daley indicted? Oh my.
Comment by Chicago Cynic Thursday, Apr 29, 21 @ 4:16 pm
All the big Democratic institutions have been brought to their knees. Madigan, Burke, and Daley.
Comment by Frumpy White Guy Thursday, Apr 29, 21 @ 4:17 pm
Just another Chicago Democrat charged with criminal conduct.
Comment by Pardon Joe Kotlarz Thursday, Apr 29, 21 @ 4:19 pm
I first only read it as “Daley charged” and I nearly had a stroke
Comment by Nick Thursday, Apr 29, 21 @ 4:33 pm
A trifecta— a Daley and the Two Eddies—Burke and Vrdolyak. This makes me smile.
Comment by Rudy’s teeth Thursday, Apr 29, 21 @ 4:37 pm
Does the indictment just cover personal loans taken out by the alderman or does it address the $80,000 loan to the 11th ward in Oct 2017?
Could not tell from the article.
Comment by hisgirlfriday Thursday, Apr 29, 21 @ 4:40 pm
ROFL
Comment by estubborn Thursday, Apr 29, 21 @ 4:42 pm
The end of an era of the big DEM machines…who would have thought in 2021?? Old school politics has been thrown in the Chicago River.
Comment by Pizza Man Thursday, Apr 29, 21 @ 4:52 pm
The apple fell far from the tree.
Comment by Three Dimensional Checkers Thursday, Apr 29, 21 @ 4:56 pm
=== The end of an era of the big DEM machines…===
lol, Slow down, Speed Racer.
John Daley is still Committeeman, County Commish, and handling the 11th Ward.
Burke is still an Alderman,
Madigan has yet to be indicted.
If this was a mob-like “end of an era” there’d be a vacuum to fill, so far it’s just “wow”
Comment by Oswego Willy Thursday, Apr 29, 21 @ 4:56 pm
Lol..true OW..I’ll go deliver pizzas then.
Comment by Pizza Man Thursday, Apr 29, 21 @ 4:57 pm
Scamming a bank and IRS is just asking for a knock on the door.
Comment by Huh? Thursday, Apr 29, 21 @ 5:01 pm
=== Lol..true OW..I’ll go deliver pizzas then. ===
After reading your comments on this blog, I think that would be a good idea. Better stick to what you know.
Comment by Hannibal Lecter Thursday, Apr 29, 21 @ 5:15 pm
Ricardo Munoz has joined the family this evening.
Comment by Frumpy White Guy Thursday, Apr 29, 21 @ 5:33 pm
Don’t indict anybody, nobody ain’t cent (err embezzled). Talk to my mouthpiece.
Comment by PublicServant Thursday, Apr 29, 21 @ 7:30 pm
how can somebody be so dumb?
Comment by Amalia Thursday, Apr 29, 21 @ 7:34 pm
The Machine and the Goo-Goos both get visits from the G on the same day. Kinda poetic.
Comment by Chito Thursday, Apr 29, 21 @ 8:55 pm
Anyone else notice the scanty figures and flimsy claims in the RM docs? Looks like the G have been busy combing through the entire SWS.
Comment by Centralian Thursday, Apr 29, 21 @ 9:00 pm
Well there is one ward we can cut in the redistricting process.
Comment by Just Me 2 Thursday, Apr 29, 21 @ 9:05 pm
A bit shocking, and a Daley at that. And one who’s relatively low key while from a very well known political family as far as I know not very prominent. Perhaps it’s worth paying attention when he’s convicted by the feds..
Comment by Levois J Thursday, Apr 29, 21 @ 9:27 pm
There are a bunch of “Quelle Surprise” gifs that would be appropriate and fun additions for this post.
Comment by Responsa Thursday, Apr 29, 21 @ 11:23 pm
Can you explain to me why my last comment on Kloschman was not published?
Comment by Tucson Jack (from Chicago) Friday, Apr 30, 21 @ 8:36 am
They probably got to him via the Burke/Solis stuff on zoning. His law firm site says, “Patrick D. Thompson provides counsel and strategic advice to clients regarding real estate and governmental matters.” What that really means is, I’ll keep all of Bridgeport and Chinatown downzoned well below where the market should have it, and after you’ve pled your case with me, my staffer will show you the door, take you outside the office, and recommend the zoning attorney I want you to use to get your zoning approvals if you want your project to move; otherwise, Aldermanic privilege prevails. And I’ll help you creatively solve zoning problems outside my ward, if you know what I mean…
Comment by Former Bridgeport resident Friday, Apr 30, 21 @ 9:17 am
=== They probably got to him via the Burke/Solis stuff on zoning===
Narrator: they didn’t.
Comment by Oswego Willy Friday, Apr 30, 21 @ 9:18 am
==Well there is one ward we can cut in the redistricting process.===
They can’t. There have to be 50 wards, each with equal share of the population (no matter how weird the borders have to be) unless there’s a change in state law
Comment by Strannik Friday, Apr 30, 21 @ 11:40 am