SBA settles for cents on the dollar with CPA who bankrolled City Hall deals that enriched Daley’s son – Chicago Sun-Times

A venture capitalist who bankrolled City Hall deals that secretly benefited Patrick Daley while his father Richard M. Daley was mayor has agreed to a court settlement that will see him repay less than 10% of the $290,596 he owes the U.S. Small Business Administration.

After eight years of legal wrangling, the SBA has given up on trying to collect the money from Patrick Daley’s friend Joseph M. McInerney, whose firm Cardinal Growth was seized by the federal agency eight years ago.

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