Day three of Chicago Ald. Patrick Daley Thompson’s trial on federal tax charges is set to resume Wednesday with key testimony from Thompson’s former accountant.
Ald. Patrick Daley Thompson arrives for his trial at the Dirksen U.S. Courthouse on charges alleging he lied on federal tax returns about a line of credit he received from a Bridgeport bank that later collapsed on Feb. 9, 2022.
That was shortly after federal agents knocked on the alderman’s door to ask questions about his connections to the failed bank and its president, John Gembara, who had been found hanged in the home of a customer. Agents also served Thompson with a subpoena for his tax records that day. “This is a guy who’s got piles of paper all over his office. On the chairs, on the floor, you name it,” Gair said. “And he’s a big procrastinator. ... He’s frazzled.”
Prosecutors, however, painted a far different picture, saying Thompson must have known that he wasn’t making payments on his debt with Washington Federal, and that he was not supposed to be claiming mortgage interest on his taxes because the loans weren’t mortgages at all. After Washington Federal was shut down, Thompson made a call on a recorded line to Planet Home Lending, which was trying to collect on his debt, Assistant U.S. Attorney Brian Netols told the jury in his opening statement.
Thompson, who has represented the 11th Ward since 2015, is the first member of his family’s political dynasty to by charged with a federal crime. He’s also the first sitting alderman to face a federal jury since the Operation Silver Shovel probe more than two decades ago.
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