Ald. Patrick Daley Thompson convicted in tax fraud trial

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BREAKING: Chicago Ald. Patrick Daley Thompson was convicted by a federal jury Monday of filing false tax returns and lying to federal regulators about a line of credit he had with a failed Bridgeport bank.

After a weeklong trial, the jury deliberated about 4 1/2 hours before finding Thompson guilty of two counts of making false statements with the intent of influencing debt collection efforts and five counts of filing tax returns that falsely claimed mortgage-interest deductions.

“It shows you just how desperate the government is to convict Patrick Daley Thompson,” attorney Chris Gair say, raising his voice an octave as he said the Daley name. “This case is full to the brim and overflowing with reasonable doubt.” “When he saw the opportunity to lie, to deceive, to pay less than what he owed, he took it,” Petersen said. She said he told his lies in a way that gave him “plausible deniability” when caught.

After receivers for the FDIC confronted Thompson with evidence that he’d taken advances of $20,000 and $89,000 from Washington Federal in 2013 and 2014, the alderman acted surprised, Petersen said. “They’re asking because you’re in tax trouble, and he knew it. He absolutely knew it,” Petersen said. She said he took a few days and hatched a plan to call his accountant and play dumb. He later filed amended tax returns that no longer included the false mortgage interest payments.

“And when he found out about it, he fixed it,” Gair said. He also reminded jury that even the FDIC receiver who contacted Thompson about his debt after Washington Federal was taken over testified at trial last week that he didn’t think the alderman “realized how much he’d borrowed.”sought to pin the blame on the bank

“Nobody targeted this defendant. He did what he did,” Netols said. “He committed all the conduct that he’s charged with before we even interviewed him for the first time. ... No one is so big, no one is so important, that they can’t be held responsible for their criminal conduct.” Meanwhile, a conviction on any of the seven felony counts in the indictment would force Thompson’s immediate resignation from the council. Mayor Lori Lightfoot would then get to choose his replacement for the rest of the term that ends in 2023.

While the case is fraught with political ramifications, in court the evidence in Thompson’s trial was decidedly nonpolitical, though the jury is well aware of his status as an alderman. he had with a lender after the Federal Deposit Insurance Corp. takeover of Washington Federal where he disputed the amount they said he’d borrowed.

Source: Law Daily Report (lawdailyreport.net)

 

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Not the smoothest daley lol

Yes!!!!

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