Feds Probe Obama's Ex-Boss and Mayor Daley's Nephew

The Chicago Tribune reports:

Federal law-enforcement authorities are probing the controversial investment of city employee pension fund dollars in a real estate firm involving Mayor Richard Daley’s nephew Robert Vanecko.

A federal grand jury issued a subpoena Wednesday to the police pension fund, according to records obtained today by the Tribune.

Prosecutors with U.S. Atty. Patrick Fitzgerald’s office are demanding fund officials turn over documents regarding their dealings with DV Urban Realty, which includes Vanecko and longtime Daley ally Allison Davis. The police fund’s board voted in 2006 to invest $15 million in DV Urban, part of a $68 million deal that also involved other local government pension funds.

The federal subpoena is a virtual carbon copy of the subpoenas sent to four pension funds in March by City Hall’s inspector general, David Hoffman. But fund officials refused to comply with those requests, arguing that Hoffman’s office does not have the authority to investigate them.

News you will not see or hear today on MSNBC or the New York Times.The Chicago Sun-Times also has the story.