Millions "Found"
Is this Conehead's Magikal Money Tree?
Following an advisory by the Chicago inspector general’s office, the city treasurer has asked the city council to dissolve the Community Catalyst Fund and return its more than $57 million in assets to general funds.
The fund was set up 10 years ago to increase access to public and private investment capital for businesses and organizations in economically underserved areas.
Inspector General David Glockner said the city provided half of the $100 million initially proposed by Mayor Rahm Emanuel, but the fund has been been effectively dormant since 2020.
Fifty-seven million, just lying around in an account, doing nothing, earning nothing, benefiting no one?
Oh....not exactly:
Glockner said there is no indication that the money was misused.
The inspector said the fund only invested about $21 million of the $50 million that it received. No private dollars were ever invested in the fund.
Glockner said the fund’s investments were all made in 2020 and the money was repaid.
If we're reading that correctly, $21 million was used for some unstated purpose....and then paid back?
For what? Who used it? What benefit was reaped from what appears to be a $21 million loan? Was there an investment? A buy-in to something? A stock market speculation where someone bought low, sold high, paid back the "loan" and kept the difference?
And guess who was nominally in charge of this untapped source of money?
- Chicago Treasurer Melissa Conyears-Ervin is the ex officio chair of the catalyst fund’s board of directors. The fund failed to submit annual reports from 2022 to 2025.
And now, suddenly, she's asking for the fund to be dissolved and the money returned to the General Fund. Why now? Has the account served it's purpose? Are the feds sniffing around this (and other unknown) accounts? How much more is out there benefiting the selected few?
So many questions that no one seems to know - or want - the answers to.
Labels: corruption, scandals
posted by SCC at 12:03 AM
34 Comments:
Maybe, the 22-million could be used to pay superiors, who for years that have been paid the wrong power test money.
It's the Chicago way...
Baby mommas ?
I declare this as the John J. Catanzara definition of MISAPPROPRIATION.
City Hall wouldn't pay $14 million for cop overtime. Now, it might have to pay at least $195 million.
A judge ruled five years ago in favor of 8,500 current and former Chicago Police Department employees. As the case has lingered, interest on the debt has ballooned while the city disputes how much it should pay.
More slush fund money.
Nothing to worry about, the City purchased a food truck and some artwork to hang on the walls...
Apparently they ran out of fake ghetto organizations to give free money. Someone needs to offer classes on how to set up a non profit so you can collect government grant money.
Conyears-Ervin say no mo
All of the mayors are treasure hunters they know where the hundreds of millions billions of dollars are hidden at the only thing that can help us would be a thorough forensic investigation by the feds. I don’t think that’s gonna happen but if it ever did, they would be arresting so many of the so-called Democratic leaders they would overfill the prisons
T-Bills alone would have paid $685,000 a year on 21mm...
Do not question them. They are financial geniuses.
Now, kees me you fool!!!!
This is the exact reason why all you folks should know the city will never file for bankruptcy. There are too many hidden/forgotten accounts that have tons of money in them, waiting to be dolled out to special people. The city would have to declare and dissolve all of these accounts before ever claiming to a judge that they are broke.
My God, these people are stupid.
"...fuck you, pay me.." Goodfellas.
as always you can't fix STUPID it's forever teeeeeeee heeeeeeee
J-Cat here...
Yes we did purchase the art ( my wall looks nice) Thank you Hunter for the art "tip"
.....Food truck...Cash Only Please ....
I'm sure there will still be taxes raised no matter how much they find. BJ the clown was heard to say, "Theres more money?"
Matt is an incompetent moron hanging on John’s nuts. Hope he’s dragged out in handcuffs too.
With all this technology all
These funds need to have realtime financials open to the public to examine.
If they can crawl up our ass for every little infraction and look up our history the same can and should be done for all these special funds and accounts.
I want to see where the money is going and who’s getting paid. I want to be able to see who’s cashing the checks and who’s distributing the $ and for what project or cause.
No need for 1950’s transparency with 2026 technology
Sounds like another slush fund that the criminal demonratic party was tapping into.
Where is my retro check?
You, me and every other copper who is due this money and Covid stripping reimbursement money will never be paid.
N E V A
No, they won't be arresting any Democrat-Socialist-Communist because the Feds who would do the "investigation" are Democrat-Socialist-Communist.
They won.
They successfully infiltrated all levels of government and government bureaucracies.
Hmmmm....money used for "whatever" and then paid back doesn't constitute misappropriation of funds, right? If J-Cat can use that logic why not the City? LOL!!
Time to open some Quality Learing Centers here in Chi-town.
OT:
BALLY's Lost $25.9 MILLION in 2 months in Chicago ???
Who's running this shit? Is the Outfit back from the dead?
https://x.com/BallysWatch/status/2089347477707137176
https://www.chicagotribune.com/2026/08/17/ballys-chicago-going-concern-warning/
They can always have an auction at the city hall prize closet.
Should have listened to Jaime Lee Curtis in Trading Places? LOL
The surprise here is the admission there is $50M in some account, $21M was used and we now have the entire $50M returned to the city??? Of course, there was no audit or reports from 2022 until 2025. When did that happen before? If this money goes into the General Fund, most, if not all will be given to some non-profit who will get out the vote, but it will be called something else. It didn't earn the $665K per year for the city, maybe someone else?? Like the "newly found ballots" under the desk or in someone's car. "Oh, look what we found!
The outfit kept much better records in a little black book.
You, me and every other copper who is due this money and Covid stripping reimbursement money will never be paid.
N E V A
8/17/2026 11:37:46 AM
I would like to hear the COVID stripping money where did this come from? I cannot return back to CPD, let alone get any restitution from this shithole department being 0-3 now in ligation due to blue state and Federal circus bs.
Officers that took the jab to keep the job should file a law suit.
could we pay the people who worked VRI and didn't get paid out correctly? It would be so nice to get that money before I die!!!! FOP what the hell are you doing that it's ordered by a federal judge and you aren't doing anything about forcing the city to pay it. Do you have a back door deal with the city? If not get off your ass and force them to pay!
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