One year since Ald. Patrick Daley Thompson (11th) was convicted of cheating on his income taxes in a case involving clout-heavy Washington Federal Bank for Savings, another trial is about to get underway that holds the promise of revealing more secrets about the Bridgeport bank.
In Thompson’s trial, the failure of the bank — which was shut down in late 2017 after a massive fraud scheme was uncovered — was at the periphery of the case.
The Park Ridge police and the Cook County medical examiner’s office said Gembara died by suicide, but some of his family members and friends have said they don’t believe he killed himself. Among the questions: Why was Washington Federal handing out loans to Thompson and others that apparently didn’t require they ever be paid back, in some cases without the bank even having any paperwork regarding the money that supposedly was being borrowed?
Thompson wasn’t charged in that scheme but was convicted of cheating on his income taxes in a spinoff investigation involving a $110,000 loan he got from Washington Federal in November 2011, followed by payments of $20,000 and $89,000. He falsely claimed mortgage interest deductions for interest on payments to the bank he never made.
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