‘Fast Eddie’ — aka Ed Vrdolyak — now a free man
BY NATASHA KORECKI Federal Courts Reporter email@example.com April 25, 2012 4:58PM
Former 10th ward Ald. Ed Vrdolyak, 72, leaves the federal courthouse after he was sentenced to 10 months in prison in 2010 for his role in a real estate scheme.
Updated: April 25, 2012 5:40PM
“Fast Eddie” is outta the joint, off of electronic monitoring — and done with home confinement.
U.S. District Judge Matthew Kennelly on Wednesday gave Ed Vrdolyak the OK to end his home imprisonment three months early. Instead, the judge said Vrdolyak could perform 300 hours of community service.
Vrdolyak served 10 months in a federal prison camp in Terre Haute, Indiana. He then served some time at the Chicago Salvation Army halfway house and was supposed to serve five months of home confinement with electronic monitoring. But Vrdolyak’s lawyers, citing his “exemplary supervised release record,” asked that their client get a break.
Kennelly on Wednesday modified the terms of Vrdolyak’s supervised release, saying he could serve the community service and end home confinement.
Vrdolyak, a former powerful Chicago alderman and Cook County Democratic chairman, pleaded guilty to charges stemming from the $15 million sale of a Gold Coast property belonging to the former Chicago Medical School, now known as Rosalind Franklin.
Vrdolyak schemed with school board member Stuart Levine to split a $1.5 million kickback from the sale. Vrdolyak was paid the $1.5 million from the buyer, Smithfield Properties Development.
The sale went through in 2004 but the payment to Levine didn’t because Levine’s cooperation with the government became public.