FBI Probe Details Lorain Loan Program Fallout
The city severed ties with Lorain Development Corp after a HUD review found 13 of 15 loans lacked documented job creation. Loans included use by South ShoreDevelopment Corp to pay an electric bill and a loan to Ted Kale’s floor coverings business, raising conflict and accountability concerns. Mason seeks FBI copies to verify loan purposes and job outcomes amid a $3.6 million deficit.
MENTIONED IN THIS ARTICLE
Lorain Development Corp
Doug Rangel
Lorain Development
Chronicle- Telegram
Rangel
Mason’s Department
HUD
Mason
Lorain
Jorgelle Lawson
Columbus
Lorain County
South Shore Development Corp
St. Joseph Community Center
South Shore
Robert Gilchrist
South Shore Board
Gilchrist
St. Joe’s
Ted Kale
Ted
Kale
Kalo
FBI
Ritenauer
Dennis Flores
Cleveland
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