Fraudster’s Condo For Sale in South Loop
CRIME AND PUNISHMENT: The former head of WexTrust Capital pled guilty to a $255 million scheme—and his old condo is half-off
SOLD: SOUTH LOOP
In 2010, after Steven Byers, the head of WexTrust Capital, pleaded guilty to running a $255 million fraud scheme, he and his wife, Lisa, lost their four-bedroom condo at 1250 South Michigan Avenue to foreclosure. MB Financial put the place on the market in February; it sold in April for $866,000—a little more than half of the $1.59 million the Byerses paid seven years ago for the new condo.
Photograph: Todd Urban