Former Developer of Condo-Hotels in Chicago and Florida Sentenced to Six Years in Prison for Federal Tax Evasion

CHICAGO—(ENEWSPF)—January 31, 2014. The former manager of a defunct Chicago-based real estate company that acquired and managed hotels, including the Blake Hotel in Chicago and others in South Florida, was sentenced today to more than six years in federal prison for evading more than $1.7 million in federal income taxes. The defendant, ROBERT D. FALOR, siphoned millions of dollars from the Blake’s operations at the expense of a lender, city and state taxing authorities, union…