Loop capital markets

James Reynolds Jr. Bundler for 2008

http://www.chicagobusiness.com/article/20080823/NEWS06/200030705/meet-obamas-bundlers

From CNS news

Another notable: Chicago investment banker James Reynolds, who raised more than $200,000 for the Obama campaign while chief executive of Loop Capital Markets.

The municipal bond specialist was a longtime friend of Obama’s—feting the rising star in his Hyde Park home and convincing friends and associates to open up their wallets more than a decade ago.

In 2003, USA Today reported, Reynolds was caught on FBI wiretaps arranging what prosecutors called a “sham” consulting contract with a gal pal of a Philadelphia mayoral adviser. After the conversations, Reynolds snagged $300,000 in no-bid city contracts for Loop Capital Markets. City officials went to jail over the scam. Reynolds skated. The Obama campaign’s only statement?

Jim Reynolds has admitted that he made mistakes, but he has not been charged with any wrongdoing.