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Chicago Real Estate Developer Convicted on Federal Fraud Charges for Swindling Banks and the City Out of Millions of Dollars in Loans

CHICAGO — A federal jury today convicted the president of a Chicago real estate firm on fraud charges relating to a $105 million line of credit for city and suburban properties, including a former Goldblatt’s Department Store on the North Side and the Streets of Woodfield Mall in Schaumburg. The fraud perpetrated by LAURANCE H. […]

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