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Chicago Sun-Times
Chicago Sun-Times
National
Jon Seidel

Ex-Washington Federal bank employee cuts deal with feds, expected to testify

Washington Federal Bank for Savings, 2869 S. Archer Ave., before it was shut down in December 2017 for “unsafe or unsound practices.” (Google Street View)

A federal judge agreed Wednesday to a deferred-prosecution deal for a former employee of a failed Bridgeport bank that collapsed amid a massive fraud scheme that’s led to charges against bank executives and customers including former Ald. Patrick Daley Thompson.

Prosecutors had filed a conspiracy charge against Brian Fong, who was the manager of the Archer Street branch of Washington Federal, saying he worked with two bank colleagues to cook the books and thwart federal regulators.

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