Nevertheless they discussed a loan on the 11th Ward Regular Democratic Business to possess strengthening fixes

One of many exhibits one government prosecutors always let prove its circumstances facing Patrick Daley Thompson U.S. Region Courtroom

– Because the federal government experienced brand new bank’s guides, Gembara lent $80,100000 to your 11th ward class team, headed from the Thompson and something regarding their uncles, Plan Condition Commissioner John Daley. Functioning on orders off federal regulators, the fresh bank’s board suspended Gembara for the .

– Thompson once more emailed Gembara, this time “away from closing out of ward and you can mortgage,” based on an email prosecutors planned to introduce because research however, didn’t. The belongings in which email address was not released.

– Gembara is actually located dead – that have a rope as much as his neck, in a seated updates during the a chair when you look at the chief room regarding his bank customer Marek Matczuk’s $one million house inside the Park Ridge. Police regarding northwest area while the Make County medical examiner’s work environment ruled the dying a suicide, even though some Gembara household members and family relations enjoys questioned one to seeking. Matczuk features once the been charged with embezzling $6 billion about lender – one of 15 anybody, plus Thompson, who have been energized regarding ongoing analysis of bank. Matczuk awaits trial.

– Federal authorities shut down Arizona Government shortly after learning of many unpaid financing – including Thompson’s. The fresh new bank’s dumps, including Thompson’s aldermanic venture account, was sold to help you Royal Coupons Bank. He previously deposited over $600,100000 in this membership historically, paying from the $590,000 of these.

– This new Thompsons had a letter about Federal Put Insurance coverage Corp. saying they must 24 hr payday loans Middleton repay the fresh $219,one hundred thousand borrowed out of Arizona Government, and focus. For the resulting days, Thompson lied to help you government, claiming however lent much less than that from the bank – just $110,100000.

– Eventually refinancing their bungalow, the Thompsons got a great $454,100 mortgage regarding Morgan Stanley Private Lender. Kathleen Thompson signed the documents – however, had written one to she wasn’t guilty of paying the loan.

– Government representatives offered Thompson with a good subpoena from the his family, picking out the couple’s tax returns, a residential property data files, details pertaining to Arizona Federal and you can “any and all suggestions associated with money made to or out-of the fresh Nearest and dearest off Patrick D. Thompson.” Thompson’s strategy financing hasn’t stated acquiring or and come up with people loans.

– Morgan Stanley gave the brand new Thompsons good $250,100000 mortgage to their Michigan household. The Thompsons made use of the a few Morgan Stanley mortgage loans to repay the latest FDIC the newest $219,100 borrowed away from Gembara’s lender – without having to pay one appeal.

– Six-weeks immediately after Thompson is actually picked so you’re able to a moment town council identity, he and his awesome partner filed revised tax returns to have 2012 because of 2017, no longer saying an effective deduction into the attention they’d never ever paid back into the Arizona Federal financing. It tried to pay the Internal revenue service $15,558 to make upwards on taxation deals they had gained by making the not the case allege. Although Internal revenue service said they might make amends for the last merely 36 months, maybe not half dozen.

– A federal grand jury indicted Thompson, charging you your which have lying to help you federal regulators together with his Arizona Federal money and you may processing five fake tax statements.

They have resigned on council, along with his reputation has been taken off his law firm’s website, though the Illinois Finest Legal features yet , so you’re able to punishment Thompson. Considering their belief, it is likely he will lose their law license.

Good Daley continues demo, writing another chapter inside il history

– In the a page so you can Thompson and his awesome spouse Kathleen, the newest Internal revenue service threatened to get a lien up against their residence more outstanding government taxes. It was lower than three years following Internal revenue service had lay a beneficial lien toward Thompsons’ house that was increased two months afterwards.

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– Thompson with his wife filed a couple of loan applications so you can Gembara’s bank, asking to help you borrow $661,one hundred thousand in order to refinance the cottage, and $167,264 toward a few-apartment. They said its assets topped $4.8 mil, together with $900,100 at Amalgamated Financial, and they had from the $900,one hundred thousand in debts, including $249,five-hundred owed to help you Arizona Federal, and that their monthly income topped $forty,100000.