• Follow
  • Follow
  • Follow
  • Follow
  • Follow
  • News
    • Current News & Events
    • Real Estate News & Insights
    • Top Headlines
    • Mortgage Industry News
    • U.S. Housing Market
    • Real Estate Agent Tools
  • Awards
    • Women of Excellence
      • Women of Excellence
      • About
      • FAQs
      • Nomination Form | Women of Excellence
    • Vanguard Awards
  • Education
  • Store
  • Webinars
  • Advertising
Subscribe
★ WRE READER BENEFIT SAVE 40% ON THE CE SHOP • USE CODE WREnews Licensing • Continuing Education • Professional Education START SAVING →
Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure

Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure

by Phil Hall | May 2, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

A Chicago real estate developer was sentenced to six years and eight months in prison for participating in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings. Washington Federal was based in Chicago’s Bridgeport...
Real Estate Developer Sentenced for Role in Chicago Bank Failure

Real Estate Developer Sentenced for Role in Chicago Bank Failure

by Phil Hall | Dec 19, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

A Chicago-area real estate developer was sentenced to nearly 13 years in prison and ordered to pay more than $5.9 million in restitution for his role in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings in Chicago....

Webinars

  • My SafeAgent webinar promotional image for real estate professionals.Real Estate Safety: What Happens When You Can’t Reach Your Phone?
  • How Realtors Can Win Anyway webinar.What Trump’s Investor Policy Could Mean for Real Estate
  • The Ultimate Real Estate Blueprint to Dominate Your MarketThe Ultimate Real Estate Blueprint to Dominate Your Market
  • Unlock Tax Savings with 1031 ExchangeMastering 1031 Exchanges | Maximize Your Real Estate Investments

Recent Posts

  • KKR Revealed as $475 Million Investor in Alexandria’s San Diego Life-Scienc…
  • Marriner S. Eccles Federal Reserve Board building in Washington, D.C.Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
  • American flag between modern glass office buildings, illustrative photograph for mortgage industry transactionNorthpointe, CMG Sign Definitive Mortgage Channel Sale Agreement, Disclose …
  • Parliament Hill in Ottawa, Canada, illustrating the Bank of Canada's October 2026 policy decision; not the Bank of Canada headquartersBank of Canada Raises Rates for First Time Since 2023, Adding Pressure to H…
  • Illustrative photograph of server racks at a data center; not the Hyperscale Data Michigan campus. Photo by imgix on Unsplash.Hyperscale Data Hires Newmark to Seek Debt for Michigan AI Campus
WRE News Logo

NEWS CATEGORIES

News/Current Events

Industry Updates

Real Estate News

Mortgage Information

Real Estate Agent Tools

QUICK LINKS

Subscribe to Updates

Advertise with Us

Submit a Guest Post

Contact Us

Subscribe NOW

Follow Us!

  • Follow
  • Follow
  • Follow
  • Follow

© Weekly Real Estate News 2026     Privacy Policy     Terms of Use