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Bank fraud charges against former Illinois financier William Stoecker
Former Oak Forest businessman William Stoecker, once seen as a Chicago area finance wunderkind, was indicted on 49 counts of bank fraud and related crimes. He allegedly secured about 400 million dollars in loans from 25 banks between 1984 and 1989, using falsified statements and double pledged collateral. The case, described by prosecutors as potentially the largest bank fraud in Illinois history, also targets four associates and Grabill Corporation officials.
MENTIONED IN THIS ARTICLE
Phil Rockrohr
Oak Forest
William Stoecker
Chicago
Stoecker
Orland Park
U.S
Citibank
Bank of New England
Ilinois
Thomas A. Durkin
Durkin
Self
Gillum Ferguson
Ferguson
Lawrence Pluhar
Pluhar
Grabill Corporation
Bluhar
Paros Bank and Trust Co
Beverly Bank
Illinois
Greg Pactow
Palos Bank and Trust
Palos Heights
Paeton
Jim Duper
US Department of Justice
Grabill
Laventhal & Horwath
Laventhal
Florida