By: Diane Benjamin
Before I get to Billy, did you know Robert Brady Sr filed bankruptcy? This discharge report lists everyone who got taken by Brady: Brady Discharge – with creditor list
What’s Billy up to? Every wonder how politicians earn a paycheck and somehow end up rich after they have been in office awhile?
As late as April 29, Brady failed to disclose his financial interests with Midwest Electronic Gaming LLC in a “Statement of Economic Interest” filed with the Secretary of State’s office on that date.
Brady “lists Brady Ventures but not Midwest on his legislative statements of economic interests,” according to a May 28 ProPublica Illinois/WBEZ story that first revealed Brady’s gaming interests. “That’s because payments to Brady from Midwest go through Brady Ventures and are not made to him directly.”
The story also said that Brady is “listed in internal gaming board records as a ‘person with significant influence or control,’ or PSIC, for Midwest Electronics Gaming, one of the state’s largest video gambling companies. Brady’s designation as a PSIC means he receives a percentage of the proceeds from video slot and poker machines under a revenue-sharing agreement with Midwest.”
The story showed that not just Brady but Chicago Democrat Antonio Muñoz, the Senate assistant majority leader, will profit from the gaming expansion, if Pritzker, as expected, signs the bill into law.
Brady voted “present” when the bill came to the Senate floor on Sunday, a week after the ProPublica article appeared.
The Chicago Tribune, in a June 3 opinion piece, called for an investigation into Brady’s role as a legislative leader and his financial ties to the industry.
“So how does a member of Senate leadership, someone who at various times sat on at least two legislative committees overlapping with the gambling industry, slide into a role where he’s profiting handsomely? That’s a question deserving of a review by the state’s legislative inspector general.”
Read the whole story: https://prairiestatewire.com/stories/512605181-senate-leader-bill-brady-s-undisclosed-gaming-interests-worthy-of-a-chicago-alderman?fbclid=IwAR15CdpqjAuP1P-FI9iKRvRJ72Gnvruct8LV3rKzTRrpUPoiwlrcItFdn-4#new_tab
Will the local press report on their “golden boy”?