Chicago Mob Linked Giannoulias' Other Shady Dealings

The Weekly Standard reports:

Giannoulias, currently the state treasurer of Illinois, has some disturbing, if indirect, business connections to Iran.

Although several legislative efforts in Congress are currently in the works to apply more sanctions to Iran, and although Giannoulias has called Iran “the greatest single threat to peace in the Middle East,” when it comes to his personal finances, however, Giannoulias does not apply the same standards.

Giannoulias owns stock in his family’s Giannoulias Enterprises, a limited partnership that owns several properties in Chicago. Giannoulias’s brother, Demetris, serves as the president.

In April 2007, Giannoulias Enterprises refinanced its real estate portfolio, taking out a $21.5 million, 10-year loan on six properties – four of them being the locations of the family’s Broadway Bank. With all the banks in the world to choose from, Giannoulias Enterprises selected the French investment bank Natixis – an institution with a long and public history of doing business in Iran.

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