Discussion

Jim McMahon sued over bank's loans

Updated: April 9, 2012, 5:34 PM ET
Associated Press

CHICAGO -- In an attempt to recover $104 million, federal authorities have sued former Chicago Bears quarterback Jim McMahon and eight others involved in a now-failed bank that was at the center of the campaign for President Barack Obama's old U.S. Senate seat.

Seven former directors -- including McMahon -- and two officers of Broadway Bank ignored federal warnings about just how risky some of the bank's loans were, according to the Federal Deposit Insurance Corp. lawsuit filed last month. ...

Read full story

Comments

You must be signed in to post a comment

Already have an account?

EDITORS' PICKS

  • Game On
    The Hawks return their stars to the ice against the battered Blues as they renew their rivalry in Game 1.