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Thursday, November 29, 2012

Another corrupt Chicago politician Rep. LaShawn Ford indicted on bank fraud charges

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.


Anonymous said...

And yet another black man frecking. Monkeys

Anonymous said...

Who's the uncivilized monkey, Anonymous? All black people, or a regressive, illogical thinker like yourself?

laker said...

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.

Anonymous said...