Banker in Emerald Casino Case Indicted on Fraud Charges
A banker whose involvement in the now scuttled Emerald riverboat gambling casino plan generated controversy was charged Wednesday with siphoning more than $497,000 out of a customer's credit line and failing to report the money on his tax returns.
Jeffrey Suspenzi, 34, of South Elgin, a former vice president at Parkway Bank and Trust Co. in suburban Harwood Heights, was accused in the three-count federal indictment of forging the unnamed customer's signature on 18 cashier's checks against the $1.5 million credit line. Prosecutors said he got the money in 18 withdrawals totaling $497,717.66 and failed to report it as income on his tax returns for 2000 and 2001.
Suspenzi's father, Rocco Suspenzi, Parkway Bank chairman, appeared before the Illinois Gaming Board in June 2005 when it was holding a hearing on the proposed Emerald casino. The elder Suspenzi refused to answer questions about a signed contract in which Emerald investor Joesph Salamone agreed to split his share in the casino.
June 1, 2006
Posted By Hector Rodriquez
Staff Editor, CasinoGamblingWeb.com
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