Talk:Daniel Walker
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[edit] Articles found via Lexis-Nexis
The following are sources for the "million dollars in fraudulent loans for his business and repairs on his yacht, the Governor's Lady" line which is a summary and used in numerous articles. --Dual Freq 11:28, 26 July 2007 (UTC)
[edit] AP article, Former Governor Sentenced to Seven Years in Prison November 19, 1987
Quoting source AP article, "Former Gov. Dan Walker was sentenced Thursday to seven years in prison on federal fraud and perjury charges stemming in part from improper loans arranged for him from his savings and loan business before it went broke." ... "U.S. District Judge Ann Williams also sentenced the 65-year-old Walker to five years' probation and ordered him to repay $231,609 in loans to First American Savings and Loan Association in suburban Oak Brook, which he owned with his wife. "It's clear to this court that a pattern was established and that you, Mr. Walker, thought this bank was your own personal piggy bank to bail you out whenever you got into trouble," Williams said." ... "was charged with misapplying $280,000 from his savings and loan, lying to U.S. banking officials and filing false financial statements to borrow more than $1.1 million from five banks." ... "About two-thirds of the money was used to pay personal debts, including payments on Walker's 80-foot yacht, the "Governor's Lady," End quotations. --Dual Freq 01:40, 25 July 2007 (UTC)
[edit] UPI article, Former Illinois governor sentenced to 7 years, November 20, 1987
Quoting from UPI article, "You were and you lived the American dream, and in this court's view that wasn't enough for you," U.S. District Judge Ann Williams told Walker, 65, at the conclusion of his six-hour sentencing hearing Thursday. "You viewed yourself as somehow above the law." ... "Walker, a Democrat who served as governor from 1973 to 1977, pleaded guilty in August to charges of fraudulently obtaining nearly $1.4 million in bank loans." ... "In his plea agreement, Walker admitted improperly receiving nearly $1.4 million in loans between 1983 and 1986. An estimated $280,000 in loans were obtained from First American Savings & Loan, where Walker was chairman and chief executive officer." ... "The former governor also pleaded guilty to lying to U.S. banking officials. He said he used some of the loans to aid in the expansion of a chain of auto oil-change franchises he owned and others for personal expenses. Prosecutors said some of the money went to operate his yacht, the Governor's Lady."
End quotes. --Dual Freq 01:53, 25 July 2007 (UTC)
- According to this article, "Dan Walker was bigger than life when we knew him as governor of Illinois, reigning with his pretty second wife Roberta. We partied on their yacht, "The Governor's Lady" and dined in their home where the sexy couple had a reception to show off their new canopy bed -- with mirrored ceiling.", Sun-Times News Group. Would you dare to get naked? May 31, 2007. --Dual Freq 02:12, 25 July 2007 (UTC)
[edit] St. Louis Post-Dispatch, U.S. is bailing out two failing S&L's February 5, 1989
Quoting from the St. Louis Post-Dispatch, "Two insolvent savings and loans, including one formerly headed by one-time Illinois Gov. Dan Walker, are being bought out, federal officials have announced. A holding company controlled by real estate developer Michael Halikas, will pay $22.5 million to acquire both S & Ls. They are First American Savings and Loan Association of Oak Brook, which Walker headed, and the Cook County Federal Savings and Loan Association of Chicago. The Federal Savings and Loan Insurance Corp. will pay $79.3 million in the deal" ... "Walker is serving a seven-year prison term for bank fraud, after pleading guilty in 1987 to illegally obtaining $1.4 million in loans from First American. The loans were used to help finance a chain of quick-oil-change franchises and for personal expenses, including the operation of an 80-foot yacht."
So the bail out cost nearly 80 million? --Dual Freq 02:21, 25 July 2007 (UTC)
[edit] Chicago Sun Times, 5 other governors had run-ins with law, April 18, 2006
Quoting from the Chicago Sun Times article 5 other governors had run-ins with law, "Walker, who served one term from 1973 to 1977, was prosecuted well after he had left office in a charge related to his ownership of First American Savings and Loan Association of Oak Brook. After the financial institution was declared insolvent, Walker was indicted for high-risk lending practices that the government said netted him $1.4 million in fraudulent loans. He pleaded guilty and was sentenced in 1987 to seven years in federal prison." End quote. --Dual Freq 02:30, 25 July 2007 (UTC)
[edit] Chicago Sun-Times. List of Illinois governors who faced charges is long, December 18, 2003
A December 2003 Chicago Sun-Times article, List of Illinois governors who faced charges is long said this, "The last Illinois governor before Ryan to get rung up for alleged wrongdoing was Dan Walker, who served one term between 1973 and 1977. The charges against him came well after he'd left office and related to his ownership of First American Savings and Loan Association of Oak Brook. After the financial institution was declared insolvent, Walker was indicted for high-risk lending practices that the government said netted him $1.4 million in fraudulent loans. He pleaded guilty and was sentenced in 1987 to seven years in federal prison." End quote. --Dual Freq 02:34, 25 July 2007 (UTC)
[edit] AP, ILLINOIS STYLE: Dan Walker is still walking, but for exercise now January 20, 2003
According to a 2003 AP article, "After leaving office in 1976, Walker bought controlling interest in the First American Savings & Loan Association in Oak Brook. By 1985, the thrift was declared insolvent, and in 1987, Walker pleaded guilty to improperly receiving more than $1 million in loans to expand his quick-oil-change franchise." End quote. --Dual Freq 02:36, 25 July 2007 (UTC)
[edit] Sun-Times News Group, Darts & Laurels, June 22, 2007
The Sun-Times News Group opinion piece, Darts & Laurels, June 22, 2007 says, "We certainly are proud that Dan Walker, the former Deerfield resident who walked his way into the Governor's Mansion for one term between 1973 and 1977, gave dozens of items from his tenure to the Abraham Lincoln Presidential Library and Museum. Wonder if that includes his indictment for high-risk lending practices that the feds said netted him $1.4 million in fraudulent loans. Walker, now 84, pleaded guilty and was sentenced in 1987 to seven years in federal prison." --Dual Freq 03:31, 25 July 2007 (UTC)
[edit] Washington Post, Former Illinois Governor Walker Admits Bank Fraud August 6, 1987
The Washington Post article Former Illinois Governor Walker Admits Bank Fraud (abstract) says, "Former Illinois governor Dan Walker pleaded guilty in federal court in Chicago yesterday to three felony charges in connection with a scheme in which he fraudulently obtained hundreds of thousands of dollars in loans from a savings and loan he headed in order to pay his business and personal expenses, including maintaining his 80-foot-yacht, "The Governor's Lady." Walker, a Democrat who was governor from 1973 to 1977, also admitted filing false financial statements that failed to disclose at least $ 1 million in liabilities in order to obtain more than $ 1.1 million in loans from five financial institutions in Illinois, Florida and Arkansas." ... "In addition, he admitted submitting false financial statements to other financial institutions that prosecutors said "grossly" overstated the assets of himself and his wife and understated their liabilities. They obtained loans totaling more than $ 1,175,000 from the thrifts and banks." End Quote. --Dual Freq 04:17, 25 July 2007 (UTC)
[edit] Crain's Chicago Business, Feds unleash indictments in financial fraud here August 10, 1987
The Crain's Chicago Business article Feds unleash indictments in financial fraud here says, "On Wednesday, the feds announced that former Illinois Gov. Dan Walker pleaded guilty to charges that he improperly received $1.4 million in bank loans while serving as chief executive of First American Savings & Loan in Oak Brook, now in receivership." End Quote. --Dual Freq 04:22, 25 July 2007 (UTC)
[edit] The Associated Press, Former Governor Pleads Guilty to Fraud Charges August 5, 1987
According to The Associated Press article Former Governor Pleads Guilty to Fraud Charges, "Former Gov. Dan Walker pleaded guilty Wednesday to fraud and perjury charges stemming in part from improper loans arranged for him from his own savings and loan institution before it went broke." ... (U.S. Attorney Anton) "Valukas said Walker then used about two-thirds of the more than $265,000 they borrowed to meet personal obligations, such as making payments on a yacht and to cover expenses at his law offices. Those transactions resulted in the charges of misapplication of bank funds." ... "Valukas said the bank fraud charges stem from $1.1 million in loans received by Walker, or companies in which he held a substantial share of ownership, from five banks in Illinois, Florida and Arkansas." End quote. --Dual Freq 04:43, 25 July 2007 (UTC)
