The second is focused around possible fraud in the city of Chicago’s minority-owned business programs where federal authorities have sought scores of records for Bracken city contracts. Do you want the ability to make good business decisions based on accurate numbers? We offer several options to help you navigate QuickBooks bookkeeping online by keeping our virtual bookkeeping service simple and easy. From new businesses to veteran companies, we have a Chicago business bookkeeping solution for you. Lawyers are very busy professionals that need to focus on serving the clients of the firm rather than keeping the books.
Several months later, the agency said KLF was the winning bidder to demolish the 75,000-square-foot hotel. KLF’s first contract was for $376,000 but that increased to $499,000 four months later in September 2018, land bank records show. In an unusual move, KLF in turn hired Alliance as a subcontractor https://www.bookstime.com/ for asbestos removal and remediation services. A CCLBA spokeswoman said KLF disclosed all of its subcontractors, but the authority abided by its procurement requirements, and complied with the HUD subpoena. At Lewis CPA, we are committed to helping you and your business meet your financial goals.
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Bracken hid the payments by paying third-party operators who deducted a fee and passed the money to Centennial, according to the charges. In 2021, Webb was sentenced to two years in federal prison after admitting to a corruption scheme in which he collected bribe-filled coffee cups from a contractor beginning in 2008. Some of Bracken’s earliest campaign contributions went to David Webb Jr. in 2006 when Webb was mayor of south suburban Markham, where Brackenbox, Markham Transfer & Recycling, KLF bookkeepers in chicago and other Bracken companies are located. His attorney, Kalia Coleman, declined a Tribune request for Bracken to be interviewed about the federal investigations. Now it’s Bracken who finds himself embroiled in two separate federal criminal probes, both tied to his business enterprise. At the heart of James Bracken’s multifaceted trucking, demolition and excavation operation is a small office in south suburban Markham surrounded by piles of dirt and rigs rumbling in and out of a trucking yard.
Business of Home – Business of Home
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Posted: Wed, 20 Sep 2023 07:00:00 GMT [source]
Instead, the perjury and obstruction charges stem from sworn statements he made in a federal lawsuit filed against Riverdale Materials by a competitor that for years had contracts for garbage hauling in Riverdale. Before negotiating the sale, the land bank hired Carl Fioravanti’s firm, Alliance Environmental Control Inc. in Lansing, to conduct an asbestos survey and Fioravanti stated asbestos was present on the hotel site, the indictment alleged. A Tribune investigation in 2013 found the village of Harvey borrowed $10 million to renovate the hotel but not much was spent on construction, leaving Harvey taxpayers on the hook. One of the central figures in the deal, Joseph Letke, a longtime bookkeeper, killed himself in 2016 amid an ongoing FBI investigation. The recent federal charges in Harvey deal with a contract between KLF and the Cook County Land Bank Authority, the indictment and land bank records show, in which KLF was paid to demolish the Chicago Park Hotel near 170th and Halsted streets. In addition to KLF having secured $8.3 million in contracts for heavy equipment and operators, materials and demolition services for the Water Reclamation District, KLF has won smaller deals in Hazel Crest and Lyons.
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The Brackens also provided operating costs, from trucks and fuel to insurance, repairs and licensing, the indictment alleged. A year later, the land bank authority, which was created to buy and renovate blighted properties, acquired the property and intended to use federal community block grants from the U.S. Department of Housing and Urban Development to “demolish and repurpose” the site. In a brief interview with the Tribune earlier this year, Webb, who is out of prison, said Brackenbox, the main company in Markham, was a good business while he was mayor. Edward Burke, 14th, the longest-serving alderman in Chicago history who also hails from Canaryville and whose trial on corruption charges began this month. Manage your firm’s timesheets with a free lifetime subscription to QB Time.