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Vanecko and Davis. Their firm made millions in fees even as retirement plans for teachers, cops, other Chicago city workers suffered big losses. A dozen years ago, five financially strapped city of Chicago pension funds invested $68 million in a shaky real estate deal put together by a former boss of resident Barack Obama and a nephew of Mayor Richard M. Daley. It was a high-risk investment. Allison S. Davis — who once headed a small Chicago law firm that gave Obama his first job out of Harvard Law School — and Daley nephew Robert G. Vanecko even warned in...

A real estate venture created by President Barack Obama’s onetime boss and a nephew of former Mayor Richard M. Daley squandered $68 million it was given to invest on behalf of pension plans for Chicago teachers, cops, city employees and transit workers, a Chicago Sun-Times investigation has found. The five public pension funds haven’t made a dime on the investments they made nearly a decade ago with DV Urban Realty Partners, a company created by Obama’s ex-boss Allison S. Davis and Daley nephew Robert G. Vanecko, records show. In fact, the financially troubled pension plans have lost most of the...

The nephew of former Chicago Mayor Richard Daley was indicted Monday for involuntary manslaughter in the 2004 death of a 21-year-old man outside a Chicago bar, and a grand jury is continuing its inquiry into whether authorities covered up or impeded an investigation of a relative of the city's most powerful man. Richard Vanecko, 38, was indicted by a Cook County special grand jury in the death of David Koschman of Mount Prospect. Koschman died days after he fell and struck his head during a fight with Vanecko outside a bar in Chicago's Gold Coast neighborhood.

The Daley’s of Chicago, always a family of ignorant, power hungry thugs, appear to have added murder to the list of their timeless contributions to the Windy City way of life. On April 25th, 2004, 21 year old David Koschman and four friends were drinking in Chicago’s downtown. Upon exiting a club, Koschman bumped into someone from another group which had been covering the bars. A moment later, a member of that party struck Koschman, driving his head into the street causing brain damage from which the young man never recovered. His mother buried him 20 days later, disconnecting life...

Homicide case involving Daley nephew closed without charges BY TIM NOVAK, CHRIS FUSCO, FRAN SPIELMAN AND CAROL MARIN Staff Reporters Last Modified: Mar 5, 2011 02:04AM For the first time, the Chicago Police said Friday they know who hit David Koschman and knocked him to the ground in a drunken confrontation in the Rush Street area, leading to his death from a brain injury 11 days later — but they’re not telling.

William Moorehead, the Oak Park resident sent to prison in 2007 for stealing more than $1 million from various federally supported public housing concerns, apparently ran with a powerful inside crowd connected to both Chicago Mayor Richard M. Daley and a then-state senator named Barack Obama. Published news reports show that Moorehead was once a "longtime business partner" and legal client of Allison Davis, who until recently was the business partner of Daley nephew Robert Vanecko. Davis is also often referred to as Obama's mentor, a role he reportedly fulfilled as the future president's first law firm boss. At one...

City pension officials have been hit with subpoenas from a federal grand jury trying to determine how they decided to invest $68 million with a start-up company co-owned by Mayor Daley’s nephew. The grand jury issued the subpoenas Wednesday, nearly two months after city pension officials refused to comply with similar subpoenas issued by the city of Chicago’s inspector general, David Hoffman. Hoffman said Friday that he and federal investigators are now jointly investigating the pension fund investments with DV Urban Realty Partners, co-owned by Daley’s nephew Robert Vanecko and one of the mayor’s top African-American allies, Allison S. Davis....

Mayor Daley's son and nephew have hired a criminal defense attorney to represent them in the ongoing investigation of their investment in a sewer-cleaning company that won millions of dollars in no-bid contract extensions from City Hall. Charles Sklarsky, a former federal prosecutor now with the law firm of Jenner & Block, confirmed Thursday he is representing Patrick Daley and his cousin Robert Vanecko. Sklarsky wouldn't discuss the investigation, which the city's inspector general and federal authorities began in December 2007. That was days after the Chicago Sun-Times disclosed that Daley's son and nephew had held a hidden ownership stake...

City Hall has another multimillion-dollar deal in the works for Mayor Daley's nephew and his business partners. It's the latest in a string of city deals involving Daley nephew Robert Vanecko. They began five years ago, when Vanecko and the mayor's son, Patrick Daley, became hidden investors in a company that took over the city's sewer-inspection contracts -- a deal now under federal investigation. Records show that Vanecko is a hidden investor in a company owned by Allison S. Davis, a friend of the mayor who's seeking a $2 million loan from the city along with $838,369 in federal tax...