Obama’s Bank in Chicago Slammed for Corruption Again

Big Government reports:

A federal judge called owners of a bank, which helped the Obamas finance a sweetheart deal to buy an empty lot next to their Chicago home, the “most pervasively corrupt litigants” he’s ever dealt with.

US Bankruptcy Court Judge Eugene Wedoff accused the Veluchamy family of rampant corruption in a stinging opinion handed down last month. Wedoff presided over a case that charged the family with fraudulently shielding assets from the Bank of America to avoid repaying $40 million in bad loans after the collapse of their own bank, the Mutual Bank of Harvey.

Judge Wedoff ruled that the family must pay over $50 million to BoA and other creditors.

In his ruling, the judge held that the family purposefully attempted to defraud creditors and “created false documents and destroyed authentic ones” to further the scheme.

Wedoff’s findings reflect the opinion of an earlier judge who, in 2011, called the family “pervasively corrupt.”

The great moments of Blue America. David Maraniss and the MSNBC staff please call your office.