Bank executive got kickbacks, prosecu...

Bank executive got kickbacks, prosecutors say

There are 17 comments on the Chicago Tribune story from Dec 5, 2007, titled Bank executive got kickbacks, prosecutors say. In it, Chicago Tribune reports that:

A former security executive for ABN AMRO and LaSalle Bank has been charged with pocketing $400,000 in return for steering $45 million in security work to a suburban firm, federal authorities said today.

Join the discussion below, or Read more at Chicago Tribune.

Jim

Gwynn Oak, MD

#1 Dec 5, 2007
Appears to be just another windfall for yet another non thinking crooked executive. The courts will put him in a cushy country club lockup for a short time to show the working people that only the execs can live the good life when they are caught with their hand in the cookie jar. If a bank clerk were found to have done the same thing, hard time would be the prison punishment.
SLICK

Chicago, IL

#2 Dec 5, 2007
So that is where the "water money" went to from the Chicago Marathon!
leonard hamilton

Coal City, IL

#3 Dec 5, 2007
if a clerk even were to steal blank deposit slips, it is jail time, felony on their record and life ruined. Most banks are full of white collar thieves who get to cry and whine in front of a judge and basically walk away.

Since: Jun 07

skokie, IL

#4 Dec 5, 2007
So far he has just been charged with the crime.

Oh please Jim clerks have been guilty too. And some of them have gotten away with it. It is your envy that condemns only the big shots, who deserve punishment when proven guilty.

He may be a crook and he may be an executive but it doesn't mean he can't think, any more than envy and hatred proves you can think.
Okie Dokie

Mishawaka, IN

#5 Dec 5, 2007
Lasalle and ABN were always run by incompetent people.
bagofdonuts

Tucson, AZ

#9 Dec 5, 2007
Banks are where legal gangsters work.
jennijaks

Chicago, IL

#10 Dec 5, 2007
SLICK wrote:
So that is where the "water money" went to from the Chicago Marathon!
That made my day.
Chicago Bear Fan

United States

#12 Dec 5, 2007
These executives should be sent to a regular jail to serve their time, maybe if they had to do that the others that are thinking of being crooked will think twice about the consequences. Going to these country club jails is not ssolving the problem. There needs to be better penalties for what they have done.
Randy

Indianapolis, IN

#13 Dec 5, 2007
Hopefully the feds can extract the 400K plus some fines from this guy. This is so Chicago, must be in the water, only here is corruption accepted with such ease.
A Clerk

Palatine, IL

#14 Dec 5, 2007
It's about time the LaSalle and the INS executives paid for their dirty deeds. They have no idea the pain their employees went through - after being fired due to the Executive being caught - Can you understand the looks ex-employees get when the company name comes up on their resumes? They make the innocent guilty by association. I am speaking from personal experience.
TOM SLICK

Chicago, IL

#16 Dec 5, 2007
Chicago Bear Fan wrote:
These executives should be sent to a regular jail to serve their time, maybe if they had to do that the others that are thinking of being crooked will think twice about the consequences. Going to these country club jails is not ssolving the problem. There needs to be better penalties for what they have done.
Add the politicians to it and you have a deal.
La Migra

United States

#17 Dec 5, 2007
400k for steering 45 million of security work? This guy does not know how to negotiate. No wonder that company was sold.
ron

United States

#18 Dec 5, 2007
There aren't any cushy country club federal prisons Folks! But these fellows are looking at many years in prison.
rlicht

Madison, WI

#20 Dec 5, 2007
THANK GOD FOR CREDIT UNIONS.
Dilbert

United States

#23 Dec 5, 2007
Acer wrote:
<quoted text>
Good call, Reza. There are thugs and crooks at every level, devoid of character but presented with different opportunities.
I wonder if this was opened up by the BofA purchase, anyone know?
No this came to light way before the BofA purchase. A lot of the honest vendors in other areas suffered as a result.
the outlaw

Phoenix, AZ

#24 Dec 5, 2007
I was thinking that maybe we should send the guilty party to Iraq and serve as "Point Guard" for punishment.
OUT WEST

AOL

#27 Dec 5, 2007
La Migra wrote:
400k for steering 45 million of security work? This guy does not know how to negotiate. No wonder that company was sold.
Accardo would of received at least 2 million. These amateurs need to learn a thing or two about kickbacks. Well greed will get you ever time.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Wood Dale Discussions

Title Updated Last By Comments
{keep A word drop A word} (Oct '11) 17 hr Doug77 8,111
News Barack Obama, our next President (Nov '08) 17 hr Sue 1,375,295
News BARACK OBAMA BIRTH CERTIFICATE: Suit contesting... (Jan '09) 17 hr Topo 213,243
News Once slow-moving threat, global warming speeds ... (Dec '08) 18 hr Patriot AKA Bozo 58,879
pete venute 18 hr WILDBILL 11
News Father Of Hans Peterson Speaks Out (Oct '07) 20 hr Tiger jean 51
News Teachers' union is rethinking a spring strike, ... 20 hr neasux 5
More from around the web

Personal Finance

Wood Dale Mortgages