Chicago Cop arrested for Stealing $1 MILLION dollars

"The head of the Chicago police sergeants' union was charged with looting union dues to pay for steak dinners, gambling trips to Las Vegas and a second residence in the city's Sauganash neighborhood.

Sgt. John Pallohusky, a 21-year veteran assigned to the detective division, was arrested at his Northwest Side home early Friday on felony theft and money-laundering charges for allegedly embezzling about $600,000 over the last several years.Chicago Police Sgt. John Pallohusky, accused of stealing from a police sergeant's union, posted bond Tuesday.

Bail was increased after prosecutors raised their estimate of how much he allegedly stole to about $1 million from $600,000. Prosecutors had asked for a bail of $1 million in cash. But Cook Circuit Judge Donald Panarese, after determining there was no proof his bond money came from any ill-gotten gain, set bail at $350,000 and allowed Pallohusky's attorneys to post 10 percent to get him released.

Pallohusky, 53, is charged with theft and money laundering. He was president of the Chicago Police Sergeants' Association." (Story: Chicago Tribune)

Category:

News & Politics

Tags:

• Chicago Police
• John J Pallohusky
• Chicago cops
• police officer
• stolen money
• million dollars

[boazrg]

Yes, it is sad, but not shocking to most Chicagoans.... :(

[moneyman237952]

this is sad.