Stolen... It’s the Chicago Way....Keeping all the CHicago crime and dots in one place...Feel free Larry to add as you see fit or just connect some dots...There are plenty of them here. Thanks for your contribution.
Posted on Thursday, July 23, 2009 by Larry381
CHICAGO—A Libertyville, Illinois real estate developer, who offered and sold limited partnership interests and short term, high interest, guaranteed promissory notes to the public, was indicted by a federal grand jury yesterday and charged with mail fraud, wire fraud and bank fraud in connection with a scheme to fraudulently obtain, retain and use more than $10,000,000 from investors and financial institutions.
Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois, and Robert D. Grant, Special Agent-in-Charge of the Chicago Office of the Federal Bureau of Investigation, announced the return of the fourteen-court indictment against Forrest David Laidley today. In doing so, they also thanked Lake County State’s Attorney Michael Waller and his office for their assistance in the investigation.
Laidley, 65, of Libertyville, Illinois owned and operated Forrest Properties Inc., which was engaged in the real estate development business in the northern suburbs.
According to the indictment, Laidley through Forrest Properties fraudulently obtained funds from investors, financial institutions and others by misrepresenting the expected return on investments, the risks associated with investments, his ownership of property, his ownership of loan collateral, his financial condition, the status of investments and the use of proceeds obtained. The indictment further alleges that Laidley commingled the fraudulently obtained funds and at times misappropriated them to make ponzi-type payments to investors, to repay delinquent loans including bank loans, to benefit unrelated real estate development projects and to benefit himself.
According to the indictment, as a result of the defendant’s scheme, limited partnership interest investors and promissory note purchasers lost over $8,000,000.
If convicted, each mail fraud, wire fraud and bank fraud count carries a maximum penalty of 30 years in prison and a $1,000,000 fine, or the Court may impose an alternative maximum fine totaling twice the loss or twice the gain, whichever is greater. The Court, however, would determine the appropriate sentence to be imposed under the advisory United States Sentencing Guidelines.
The government is being represented by Assistant United States Attorney Edward G. Kohler.
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FROM:
http://www.foxnews.com/story/0,2933,534561,00.html
Program Linked to First Lady Michelle Obama Accused of Patient ‘Dumping’ (Hannity Investigates)
Fox news ^ | 7/22/09 | Hannity
Posted on Thursday, July 23, 2009
HANNITY INVESTIGATES
SEAN HANNITY, HOST: Now, earlier this week, we send our own Ainsley Earhardt to Chicago to investigate allegations of patient dumping that have rocked the University of Chicago Medical Center. Now, the former administrator at the heart of this controversy is none other than first lady Michelle Obama. Let’s take a look.
AINSLEY EARHARDT, FOX NEWS CORRESPONDENT (voice-over): Before you buy into Barack Obama’s universal health care plan, you might want to hear about a little known medical program key members of his administration started on Chicago’s South Side. It’s called the Urban Health Initiative, and it’s been stirring up quite a controversy in the Windy City.
The program began in 2006 as the brainchild of first lady Michelle Obama when she was the VP at the University of Chicago Medical Center.