Found April 11, 2012 on
The Victory Formation:
After retiring from the NFL in 1997, Jim McMahon spent six years on the board of Broadway Bank in Illinois. The bank made a number of bad loans, and was shuttered by the FDIC in 2010. Now, the FDIC has personally listed McMahon in a lawsuit that seeks to recover $104 million. The FDIC’s suit claims that “Despite his board responsibilities, McMahon repeatedly missed critical board meetings.”. Per the Chicago Sun-Times:
McMahon joined the bank’s board in 2003. That same year, McMahon’s Arena restaurant on Milwaukee Avenue near Glenview closed its doors, turning over its keys to its lender — Broadway Bank. The Giannoulias family now owns the vacant restaurant, which was built to resemble the old Chicago Stadium.
McMahon resigned from the bank board on Dec. 22, 2008, months after federal bank regulators had begun questioning Broadway’s lending practices.
Of the 17 loans that form the basis of the FDIC suit, McMahon voted to approve only one, a $28 million condo development in Miami, which resulted in the bank taking a $19.5 million loss.
Between this lawsuit and the suit that McMahon has joined with other former NFL players against the league, the former Super Bowl winning QB for the Chicago Bears could be spending a lot of time in a courtroom in the near future.
BEST OF MAXIM
Chicago Bears linebacker Brian Urlacher looks like he’s dating former Playboy Playmate of the Year and Jim Carrey’s ex Jenny McCarthy.
The two were spotted leaving Mastro’s, a pricey-ass steak joint, in Beverly Hills last night. The pair tried to slip out the back door into a waiting SUV after dinner, but of course TMZ was there to nab them.
The camera guy fired this question...
In an attempt to recover $104 million, the Federal Deposit Insurance Corp. has sued former Chicago Bears quarterback Jim McMahon and others involved in a now-failed bank that was at the center of the campaign for President Obama's old U.S. Senate seat.
A person close to the case said Monday the former quarterback is among the seven directors, along with two officers at Broadway...
In an attempt to recover $104 million, federal authorities have sued former Chicago Bears quarterback Jim McMahon and eight others involved in a now-failed bank that was at the center of the campaign for President Obama's old U.S. Senate seat.
Seven former directors -- including McMahon -- and two officers of Broadway Bank ignored federal warnings about just how risky some of...
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Brian Urlacher and former playmate/actress Jenny McCarthy were spotted leaving a Beverly Hills, California steak house.
The Inquisitr - Late last year McCarthy told Access Hollywood that she hasn’t had luck in the love department, because “it’s tough to find a man’s man” in Los Angeles
It seems she did a 360 if you ask me. I mean she had a friggen 5 year relationship...
Chicago Bears linebacker Brian Urlacher and Jenny McCarthy- the former lady love of actor Jim Carrey- were spotted in Beverly Hills Tuesday night leaving Mastro’s steakhouse. The two were trying to keep a low profile exiting through the back but in LA, TMZ cameras are always lurking.
Due to the franchise tag, Bears running back Matt Forte isn’t expected to show up for next week’s voluntary offseason workouts. This is not an unexpected development.
According to TMZ:
Another “maybe couple” alert — this time it’s former Playboy Playmate of the Year Jenny McCarthy … and Chicago Bears superstar linebacker Brian Urlacher.
TMZ shot footage of the two leaving Mastro’s in Beverly Hills together last night … following a romantic dinner at one of the most expensive steak joints in town.
The two tried to sneak out the...
Continuing their busy free agency frame, the Tampa Bay Buccaneers have inked defensive tackle Amobi Okoye to a one year deal. Okoye spent his first four season with the Houston Texans where he racked up 138 total tackles, 11 sacks, 5 passes defensed, and 3 forced fumbles. Last season, Okoye was a key cog for the Chicago Bears defense, amassing 27 total tackles, 4 sacks, 1 pass defensed...
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