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Real estate agent acquitted on federal charges

2016-01-20 04:38:05| Real Estate - Topix.net

A federal jury on Tuesday acquitted a Northwest Side real estate agent and former banker on all charges stemming from an alleged scheme to hoodwink his own bank into illegally lending $650,000 to the buyers of a South Side theater, then keeping a large chunk of the cash for himself. Robert Michael, 65, an owner of Michael Realty and former CEO of the now-defunct Citizens Bank and Trust, was indicted in 2013 on one count each of bank fraud, making false statements to a bank and money laundering.

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