JPMorgan Chase Bank has filed suit against former Chicago Mayor Lori Lightfoot, alleging she allowed an $11,000 credit card balance to languish unpaid for 17 months.
According to Breitbart, Lightfoot the first Democrat Chicago mayor in roughly four decades to be denied a second term was served with a subpoena at her $900,000 Chicago residence in October. The outlet reported that Chase ultimately classified the $11,000 balance as a charge-off in March, even though her last payment of $5,000 on the debt was made on August 7, 2024, according to the banks records.
The bank further stated that Lightfoot has had the card since 2005, underscoring a long-standing relationship that has now deteriorated into litigation. Court filings suggest a pattern of financial mismanagement that contrasts sharply with the generous compensation and benefits she received while in public office.
Lightfoot appears to be struggling to meet her personal obligations despite claiming $402,414 in adjusted gross income in 2021 alone. The report also notes that records show Lightfoot took out $210,000 in early distributions from her retirement account, on top of earning $216,000 during each of her four years in office.
Critics argue that Lightfoots private financial troubles mirror her stewardship of Chicagos public finances. The ex-mayor seemed to have just as much trouble paying the bills for the city when she was mayor, as the city faced an $85 million budget shortfall as she exited office in 2024.
For many taxpayers, the case reinforces longstanding conservative concerns about Democrat leadership that spends freely while failing to meet basic fiscal responsibilities. Lightfoots next court appearance over the disputed credit card debt is scheduled for late this year, ensuring further scrutiny of how a highly paid public official ended up in such a precarious financial position.
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