- Post 11 December 2012
(AP)- The arraignment of state Rep. LaShawn Ford is set for this morning in Chicago's federal court.
Federal prosecutors indicted Ford on federal bank charges last week.
The Chicago Democrat is accused of fraudulently obtaining a $500,000 increase and a two-year extension on a line of credit from the failed ShoreBank. Authorities allege Ford falsely said he intended to use the money for work related to his real-estate business. Instead, they allege, he put the money toward car loans, credit cards, payments to a casino and for his 2006 campaign.
Ford has said that he didn't break the law and looks forward to the truth being told.