Failed Broadway Bank's Money Wasted on Internet Poker, Drugs

The Chicago Sun-Times on the Chicago Mob linked bank of Barack Obama's "friend" Alexi:

Two North Side businessmen have recently been sent to prison in a scam that involved a bad loan by the failed bank of Democratic politician Alexi Giannoulias’ family. The federal government lists the $2.9 million loan for a condo project in the Uptown neighborhood among 17 suspect deals Broadway Bank made before the Federal Deposit Insurance Corp. shut it down in 2010. Loan recipients James Gouskos and Alexander Dobroveanu were convicted of crimes related to the proposed Uptown development after the FDIC sued Broadway board members and executives in March. That suit alleges the board was “grossly inattentive” — and the FDIC is trying to recover $104 million lost in the Uptown deal and the other bad loans.

It's nice to have Eric Holder looking the other way on this big scam.