February 14, 2023
A Chicago attorney capitalized on his close relationship with a now-shuttered bank's former president to use more than $8 million in embezzled bank funds as a down payment for a large boat and to develop downtown Chicago real estate, an Illinois federal jury heard Tuesday.
June 14, 2022
A real estate developer pled guilty Tuesday to charges that he conspired in an elaborate scheme to embezzle $31 million from the now-shuttered Washington Federal Bank for Savings and failed to claim the money he received on his tax return.
March 04, 2021
A Chicago attorney and several former employees and executives of the shuttered Washington Federal Bank for Savings were among 10 defendants who pled not guilty Thursday to charges that they conspired in an elaborate scheme to embezzle tens of millions of dollars from the Chicago bank before it closed.