Former gov't informant charged with wire fraud
CHICAGO — A Chicago real estate developer who was a key government witness in corruption cases is facing federal charges after authorities say he stole $370,000 from a Chicago suburb.
Prosecutors charged John Thomas with wire fraud and arrested him Friday. They say the 51-year-old used money awarded to his company to repay personal loans, legal fees and other expenses.
The $900,000 from Riverdale was supposed to be used by Thomas' company for a redevelopment project at the now-closed Riverdale Marina, although prosecutors say only a portion was used for legitimate work.
Thomas is expected to appear in court Friday. It wasn't immediately clear if he had an attorney.
Thomas was an undercover informant in a series of corruption cases, including the case against fundraiser Tony Rezko, who's serving time in prison.