08/16/2013 12:52 pm ET

Amer Ahmad Indicted: Ex-Chicago Comptroller Faces Federal Fraud Charges In Ohio

Just three weeks after he abruptly resigned as Chicago's city comptroller, Amer Ahmad was indicted Thursday on federal corruption charges related to his previous work as Ohio's deputy treasurer.

According to the Columbus Dispatch, Ahmad, 38, was indicted on three counts of money laundering in addition to a variety of other charges including conspiracy, bribery, wire fraud and making false statements.

Prosecutors describe Ahmad's activities as a $500,000 kickback scheme that involved his sending state investment business to a a broker -- who was a high school classmate of Ahmad's -- who subsequently funneled tens of thousands of dollars in phony loans to a landscaping business Ahmad co-owned, according to the Chicago Tribune.

The scheme allegedly began in January 2009 and continued through January 2011, just three months before Chicago Mayor Rahm Emanuel appointed Ahmad as the city's comptroller.

W. Kelly Johnson, Ahmad's attorney, said in a statement that Ahmad plans to plead not guilty to the charges and "is confident that he will successfully defend against these charges."

Sarah Hamilton, Emanuel's spokeswoman, told Crain's Chicago Business their office "learned of the news in the newspaper" and believed Ahmad when he said he was planning to return to work in the private sector when he resigned last month after two years in the position.

Though Hamilton added there is no indication Ahmad did anything illegal in his post in Chicago, the mayor still plans to order an audit of his work, according to the Chicago Sun-Times.


Corruption In Illinois
Corruption In Illinois