A former manager at the Cook County Land Bank Authority has been hit with a federal charge alleging he fraudulently used straw buyers to purchase and resell blighted properties on his behalf.
A former manager at the Cook County Land Bank Authority has been hit with a federal charge alleging he used straw buyers to fraudulently purchase and resell blighted properties and secretly set up a property management company that raked in more than a million dollars in ill-gotten maintenance fees.
The subpoena sent May 21, 2021, requested records involving the sale of 24 properties by the land bank as well as emails and other records relating to Saleh, a $75,000-a-year senior asset manager for the Cook County Land Bank Authority responsible for overseeing all property acquisitions and holdings for the agency. County records show Saleh left the agency in 2019.
Over a five-year period beginning in 2016, Saleh used straw buyers to purchase six properties from the agency on Saleh’s behalf, then redeveloped, resold, or otherwise used the properties for Saleh’s financial benefit. The properties were located in Chicago and the nearby suburbs of Oak Lawn and Midlothian, the information stated.
At the time of the Tribune’s report on the subpoena, Cook County Commissioner Bridget Gainer, D-Chicago, who is the land bank’s chairwoman, characterized the criminal investigation as a “document request” but declined further comment. A Land bank spokeswoman said the agency is cooperating with investigators.
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