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Jurors found Patrick Daley Thompson guilty of lying to regulators and filing false tax returns.

After three and a half hours of deliberation, a federal jury in Chicago found Alderman Patrick Daley Thompson guilty of two counts of lying to regulators and five counts of filing false federal income tax returns.

Thompson is from a Chicago political dynasty that produced two city mayors. He is the grandson of the late Mayor Richard J. Daley and the nephew of former Mayor Richard M. Daley.

Thompson’s trial centered on $219,000 he received from a bank that was shut down amid allegations of fraud. Thompson falsely claimed mortgage-interest deductions and lied to two FDIC contractors about how much he had borrowed from the failed bank.

“When he saw an opportunity to lie, to deceive, to pay less than what he owed, he took it,” Assistant U.S. Attorney Michelle Petersen told jurors.[/vc_column_text][us_image image=”624″][/vc_column][/vc_row]