Wednesday, December 5, 2012
Ford is urging supporters to show up at hearing downtown.
As he faces a 17-count indictment on bank fraud and related charges, State Rep. LaShawn Ford could find he still has a lot of community support. According to oakpark.com, an event page on Facebook is urging supporters of the 8th District representative to show up at his arraignment, slated for 9:30 a.m. Dec. 11 at the Everett Dirksen Courthouse, 219 S. Dearborn St. The presiding judge at that hearing will be Rebecca Pallmeyer. A federal grand jury on Nov. 29 Thursday indicted the Chicago Democrat in connection with allegedly trying to fraudulently obtain a $500,000 increase and a two-year extension on a line of credit from the failed ShoreBank. He also allegedly tried to obtain multiple advances by making false statements about his …
Thursday, November 29, 2012
The Oak Park state representative is accused obtaining a $500,000 increase and a two-year extension on a line of credit from the failed Shore Bank.
A federal grand jury Thursday indicted Illinois Rep. LaShawn K. Ford on 17 counts of federal bank fraud and related charges in connection with allegedly trying to fraudulently obtain a $500,000 increase and a two-year extension on a line of credit from the failed ShoreBank. The 8th District Democrat also allegedly tried to obtain multiple advances by making false statements about his intended use of the funds, according to a news release from the U.S. Attorney's Office. The 24-page indictment includes eight counts for bank fraud and nine for submitting false information to the bank, according to the release. A date for his arraignment has not yet been set. The indictment and news release are posted as PDFs. The 40-year-old Ford, who …
Wednesday, July 11, 2012
James A. Regas, ex-chairman of the now-failed Western Springs National Bank & Trust, has admitted to faking and hiding information regarding his personal interest in loans that cost the bank nearly $700,000.
The former chairman of the now-defunct Western Springs National Bank & Trust has pleaded guilty to one count of conspiring to falsify information in regulatory documents, the U.S. Attorney’s Office of the Northern District of Illinois said Wednesday. James A. Regas, 82, of Oak Brook, admitted that between 2004 and 2009, he repeatedly referred business associates and financial partners to Western Springs National for loans. In earlier conflict-of-interest statements, he denied that he had any financial relationship with the loan recipients and might benefit from the transactions. Regas’ plea agreement estimates that the applicable loans cost Western Springs National $681,617 in loans that were never fully repaid. The loans Regas benefitted …
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12:05 am on Friday, November 30, 2012
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