Bank Fraud

State Rep. La Shawn Ford arrives at the Dirksen Federal Courthouse on Monday, when federal prosecutors dropped 17 felony bank fraud charges, and he pleaded guilty only to a misdemeanor tax charge. (Credit: CBS)

Rep. Ford To Be Sentenced In Tax Case

Three days after being re-elected, Illinois state Rep. LaShawn Ford will learn if he’ll have to spend time behind bars for shortchanging the Internal Revenue Service of $3,782.

11/07/2014

FBI

Feds Charge 29 In $1.7M “Card-Cracking” Bank Fraud Scheme

Federal prosecutors have charged more than two dozen people who allegedly used rap music videos and social media to help convince people with debit cards to sell their PINs and passwords as part of a scheme to defraud banks out of more than $1.7 million.

10/29/2014

State Rep. La Shawn Ford arrives at the Dirksen Federal Courthouse on Monday, when federal prosecutors dropped 17 felony bank fraud charges, and he pleaded guilty only to a misdemeanor tax charge. (Credit: CBS)

Feds Drop Bank Fraud Charges, State Rep. Ford Pleads Guilty To Tax Charge

In a rare and surprising move, federal prosecutors have dropped 17 felony bank fraud charges against state Rep. La Shawn Ford (D-Chicago), and allowed him to plead guilty instead to a single misdemeanor tax charge.

08/04/2014

Court Generic

Syndicated Radio Host Indicted For Mortgage Fraud

A former Chicago lawyer who now hosts a national radio talk show was indicted on federal charges for two mortgage fraud schemes that defrauded lenders out of nearly $10 million.

01/28/2013

State Rep. La Shawn Ford walks through a crowd of dozens of supporters at the Dirksen Federal Courthouse, after pleading not guilty to bank fraud charges on Dec. 11, 2012. (Credit: CBS)

Rep. La Shawn Ford Pleads Not Guilty To Fraud Charges

As he made his first court appearance on federal bank fraud charges, state Rep. La Shawn Ford got the rock star treatment from dozens of West Side residents who came out to show their support for the embattled lawmaker.

12/11/2012

Illinois State Rep. La Shawn Ford (Credit: CBS)

State Rep. La Shawn Ford Indicted For Bank Fraud

State Rep. La Shawn Ford has been indicted on federal bank fraud charges, accused of falsifying bank loans to get an additional $500,000 in credit for his real estate business, and then using the funds for personal and campaign expenses.

CBS Chicago–11/29/2012

Stack of cash (CBS)

Feds: Former Bank Exec Stole $3M From Bank To Gamble

A former executive of a Chicago bank stole more than $3 million from the institution over 15 years and using it mainly to feed her gambling habit, according to federal prosecutors.

10/26/2012

Homes (CBS)

14 Charged With Bank Fraud Involving Home Sales

Fourteen people have been arrested in three separate alleged mortgage fraud schemes involving four homes in the Englewood neighborhood.

08/02/2011

FBI

Convicted Rezko Partner Cooperated With Feds

A onetime Tony Rezko business partner, who once was a Chicago cop and chief executive of a company that won a $50 million security contract in Iraq, has pleaded guilty to federal charges in Chicago after he cooperated with authorities.

CBS Chicago–03/08/2011

Scales Of Justice

Prison For Ex-Bank Exec Who Doctored Loans

He was a suburban bank officer and he changed loan documents to make it look like payments were current when they actually were overdue. Now he’s headed to prison.

12/08/2010