Friday, May 11, 2007

Former Chicago Alderman Charged With Bribery

Former long-time Chicago Alderman Edward Vrdolyak was charged with mail fraud, wire fraud, and bribery in connection with a sale of property on behalf of the former Chicago Medical School (now the Rosalind Franklin University).  According to the indictment (here), Vrdolyak allegedly worked with a member of the school's board of trustees who headed the real estate committee to steer property on the Gold Coast to a friendly buyer and then receive a portion of a secret $1.5 million payment from the sale.  The transaction never took place because in 2006 the board member entered a guilty plea and cooperated in the federal investigation.  In addition to serving as an Alderman for sixteen years, Vrdolyak was head of the Cook County Democratic Committee in the 1980s before running for mayor as a Republican in 1989. (ph)

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