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Rep. Ford Pleads Not Guilty in Fraud Charges
An Illinois lawmaker indicted on federal bank fraud and other charges pleaded not guilty in federal court this morning. Rep. LaShawn Ford, a Chicago Democrat, is accused of fraudulently obtaining a $500,000 increase and a two-year extension on a line of credit from the failed Shorebank.
Authorities allege Ford falsely said he used the money for work related to his real-estate business. Instead, they allege, he put the money toward car loans, credit cards, payments to a casino, and his 2006 campaign.
Ford has said he didn't break the law, and looks forward to the truth being told.