By CBS 2 Chicago Staff

CHICAGO (CBS) — A pre-trial hearing is scheduled Friday for Ald. Patrick Daley Thompson (11th), charged with seven federal financial crimes.

Last May, Thompson pleaded not guilty to federal charges tied to the collapse of a Bridgeport bank.

READ MORE: Illinois Attorney General Now Investigating Center For Covid Control Amid Accusations Of Deception, Fraud Against Insurance Companies

The bank was shut down in 2017 by federal regulators who determined it was insolvent and made $66 million in bad loans.

READ MORE: Chicago Weather: Dangerous Subzero Temps, Lake Effect Snow In Some Areas

He’s accused of lying about loans he received from that failed bank in his ward before he was elected to the city council. Thompson has denied any wrongdoing.

He is the grandson of former Chicago Mayor Richard J. Daley and the nephew of former Mayor Richard M. Daley.

MORE NEWS: Some Express Concern About Prospect Of 18-Year-Old Drivers Being Allowed To Drive Semi-Trailer Trucks Across State Lines

 

CBS 2 Chicago Staff