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FORMER CICERO POLITICIAN BETTY LOREN-MALTESE HOME AUCTIONED; SOLD FOR $87K

31 Jul

This past Thursday, the government auctioned the home of flamboyant former Mayor and Town President of Cicero, Betty Loren-Maltese.  In an attempt to recoup some of the debt owed after her arrest, they sold her previous home for $87,000, but this is a far cry from the money she still owes.

After being convicted of fraud and sentenced to 8 years in prison, for participating in an insurance scam essentially stealing $12 million from taxpayers, she was released in 2010.  Maltese worked as a hostess after spending just 6 1/2 years in prison.  But she soon left that job, likely due to the embarrassing press she received. 

After watching the auction, Maltese told the Chicago Sun-Times, that the son of a neighbor purchased  the three-bedroom home during the sale.  

Maltese continues to claim she is innocent and has appealed the conviction.  She currently resides in an apartment in Palos Hills, which is a long way from her “glamorous lifestyle” before getting caught.

Is ex-Governor Rod Blagojevich next?

CHICAGO REAL ESTATE NEWS

 
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Posted by on July 31, 2011 in REAL ESTATE

 

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