CHICAGO (AP) — Federal authorities arrested a one-time owner of the now-defunct Chicago Rush for alleged fraud in the operation and purchase of the arena football team.
The U.S. attorney’s office in Chicago announced bankruptcy and wire fraud charges against investor David Staral Jr. on Monday.
The 35-year-old was arrested Monday morning at his residence in Kenosha, Wisconsin, and was scheduled to make an initial court appearance in Chicago later in the day.
The complaint says when Staral purchased the Rush in 2013, he indicated to the Arena Football League that he had a personal net worth of more than $5 million. The complaint says Staral had actually filed for bankruptcy a month earlier.
Court documents didn’t include the name of a lawyer for Staral.