An update on our earlier post regarding Mayor Daley's nephew, Robert Vanecko, and the federal investigation into the dealings with his real estate company, DV Urban Reality. The company announced Vanecko's resignation earlier today. The Tribune reports that, per the company's announcement, "Vanecko no longer will be a general partner or investor in the real estate venture." more ›

Dozens of Chicago police officers angrily confronted members of the police pension board yesterday for failing to comply with city Inspector General David Hoffman’s subpoena as part of his investigation into investments that city worker pension funds have made with DV Urban Realty, the real estate investment firm operated by Mayor Daley’s nephew Robert Vanecko and Daley fundraiser Allison Davis. The police pension fund’s attorney has said that the fund will not turn over recordings of the closed-door sessions where the decision was made. The police board voted to invest $15 million in DV Urban in 2006, one of five city pension funds that pumped nearly $70 million worth of local government pension funds into the firm. more ›