A state legislator from Chicago was indicted Thursday on federal charges he made
false statements to a bank to obtain a $500,000 increase on a line of
credit.
LaShawn K. Ford, 40, was charged with using the money to pay for
personal expenses rather than to rehab properties in the city as he had claimed
he would to the bank.
Ford was first elected in 2006 to
represent the 8th House District on Chicago’s West Side and several
western suburbs.
The charges allege that Ford fraudulently obtained
$373,500 in advances from the line of credit to rehabilitate six real estate
properties on the West Side. But he used part of that money to pay off car
loans, credit cards, mortgages, casino debts and expenses for his 2006 campaign.
According to the indictment, Ford submitted false tax
returns that inflated his personal and business income to increase the line of
credit to $1.5 million at ShoreBank.
4 comments:
And yet another black man frecking. Monkeys
Who's the uncivilized monkey, Anonymous? All black people, or a regressive, illogical thinker like yourself?
hahahahahaha - and I bet he gets re-elected when he gets out of prison.
that's all political positions are to black politicians - ATMs.
the black "community" just wants to "git money" - by "whatever means necessary".
and if they can get over on whitey while they "git money" well, then, all the better.
scum.
Smh
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