Another Vanecko Disaster
For the last three years, Mayor Daley's nephew Robert G. Vanecko has been a frequent figure in the news.
First, when the Chicago Sun-Times revealed that five city pension funds gave him $68 million to investment in risky real estate deals.
Later, when a federal grand jury began investigating.
Now, Vanecko's real estate deals are falling apart, records show, potentially jeopardizing the money he got from the pension funds representing Chicago's police officers, teachers, city employees and CTA workers.