Park Ridge man indicted in bank embezzlement case

Updated 2/26/2021 11:08 PM

A 57-year-old Park Ridge man was one of four additional people charged this week in a conspiracy to embezzle funds from a failed Chicago bank.

The indictment alleges that Marek Matczuk, who was a contractor, was involved with other conspirators to embezzle $31 million from Washington Federal Bank for Savings and falsify bank records.


According to the indictment, Matczuk, who had an ownership interest in Mark M Group Inc., received stolen funds as the proceeds of bogus loans.

Washington Federal was shut down in December 2017 after authorities determined that the bank was insolvent.

The four new indictments bring the total of those charged to 10, including the bank's chief financial officer.

Matczuk's arraignment is set for 10 a.m. Thursday.

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