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Ald. Patrick Daley Thompson indicted, faces charges involving failed bank

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He faces criminal charges involving a Bridgeport bank shut down over what authorities say was a massive fraud scheme.

Video Transcript

- Breaking news, just coming in. Alderman Patrick Daley Thompson, the nephew of former mayor, Richard Daley, has been charged with making false statements and filing a false income tax return. He faces criminal charges involving a Bridgeport bank that was shut down over what authorities say was a massive fraud scheme.

So the alderman issued a statement that says, in part, quote, "I have complete confidence in our system of justice and look forward to showing that the accusation is false."