About $12.9 million to convicted bookmaker Michael Giorango for a Miami Beach hotel and a Hollywood, Fla., restaurant, among other ventures, according to Crain’s Chicago Business. Broadway has sued Giorango and his partner, Demitri Stavropoulos, convicted of running a betting operation in Chicago, seeking to get the money back. Giannoulias initially downplayed his relationship with Giorango, noting the loans to him started before he joined the bank. Later he said he went to Miami to meet Giorango and inspect the property, and that another $3 million loan to Giorango was for a South Carolina casino.How many Senate candidates have admitted they've lent millions to mafia figures?
“If I knew then what I know now, obviously we wouldn't have made those loans,” Giannoulias told the Sun-Times regarding the loans to the organized crime-linked recipients.
Sunday, January 31, 2010
Obama Side Kick Giannoulias Admits Meeting Chicago Mob Figure
The Chicago Sun-Times reports on what Chicago Mob linked Alexi Giannoulias admits to as he runs for U.S. in Illinois :