AOL.com Video - Illinois State Rep Pleads Not Guilty To Fraud Charges

VIDEO:News

Illinois State Rep Pleads Not Guilty To Fraud Charges

Description:An Illinois lawmaker pleaded not guilty on Tuesday to 17 counts of bank fraud and other related charges. State Rep. LaShawn Ford is accused of submitting bogus tax returns to ShoreBank to increase a line of credit to $1.5 million. Prosecutors say he exaggerated his personal and business income to get the approval. They say he claimed he would use the money to rehab properties for his real estate business, but instead paid off loans and debts. (0:52)

Source: WGN

Tags: bank fraud , bank fraud charges , fraud charges , rep pleads not guilty to fraud