Bank president allegedly had employee falsify loan records for Ald. Patrick Daley Thompson, plea reveals

Ald. Patrick Daley Thompson speaks out during a council meeting at the City Hall council chambers Tuesday, Feb. 21, 2017.

Among those charged in the ongoing investigation was Thompson, who was accused of filing false tax returns involving a $219,000 line of credit he’d received from the bank before he became alderman in 2015. Her 27-page plea agreement with prosecutors included new details about loans the alderman allegedly obtained from Washington Federal that are at the center of the tax counts against him.

“As the government well knows from their interviews of her, Mandujano will testify that Mr. Thompson had no way of knowing that they were altering the books of Washington Federal,” Gair wrote in the emailed statement. “Furthermore, it is important to note that Mr. Thompson is not accused of any wrongdoing with respect to the Washington Federal loan.”

The latest indictment also charged William Mahon, a then-top official with the city’s Streets and Sanitation Department, with willfully filing false tax returns as part of that larger probe.

Old school corruption. This should have been prevented.

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