The Supreme Court on March 21 unanimously overturned former Chicago alderman Patrick Daley Thompson’s conviction for making false statements to financial regulators.
Thompson is related to two former Chicago mayors. He is grandson of Richard J. Daley, who was mayor from 1955 to 1976, and nephew of Richard M. Daley, who was mayor from 1989 to 2011.
In a unanimous opinion written by Chief Justice John Roberts, the Supreme Court held that even though Thompson admitted making misleading statements to the Federal Deposit Insurance Corporation (FDIC), those statements were not criminal in nature because the statute under which he was charged does not cover misleading statements….