Former Ald. Patrick Daley Thompson, part of Chicago’s most famous political family, was expected to report to federal prison Monday to begin serving a four-month sentence for lying to banking regulators and filing false income tax returns in a case involving a failed Bridgeport bank, Washington Federal Bank for Savings.
The Bridgeport Democrat who represented the 11th ward in the Chicago City Council, had been ordered by U.S. District Judge Franklin Valderrama to report to the federal Bureau of Prisons by Aug. 22 when he was sentenced in July.
In February, a jury found Thompson guilty of all charges he faced: two counts of lying to federal regulators and five counts of filing false income-tax returns. The case against Thompson stemmed from the continuing federal investigation of the failure of Washington Federal, which the government shut down in December 2017 for massive fraud days after the man who headed the bank and was its chief shareholder, John F. Gembara, was found dead in Park Ridge in the main bedroom of a bank customer’s $1 million home.
Thompson ended up settling the debt with the FDIC in December 2018, records show, repaying just the principal amount he’d borrowed, $219,000. He also filed amended tax returns.
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