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Chicago Sun-Times

National

Tim Novak

Failure of clout-heavy Bridgeport bank sees a crooked contractor plead guilty, agree to help feds

John F Gembara Patrick Daley Thompson Washington Federal Bank for Savings BRIDGEPORT Washington Federal United States SunTimes Washington D.C.

Boguslaw Kasprowicz (right) got more than $14 million in crooked construction loans from Washington Federal Bank for Savings to build homes in Bucktown and Wicker Park between 2009 and 2017 — loans prosecutors said never were meant to have to be repaid. (Pat Nabong / Sun-Times file)

A Chicago contractor pleaded guilty Tuesday to charges in the Washington Federal Bank for Savings failure case, admitting he helped embezzle $66 million from the Bridgeport bank, using some of the money to support his son’s Hollywood acting career.

Boguslaw Kasprowicz, 65, a longtime customer of Washington Federal, admitted he aided and abetted an embezzlement scheme involving John F. Gembara, the bank’s president, CEO and major shareholder, who was found dead with a rope around his neck in a customer’s bedroom in December 2017, about two weeks before federal regulators shut down the bank.

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