Illinois quick hits: Foreign national indicted for fraud; Chicago Public Schools budget approved

Illinois quick hits: Foreign national indicted for fraud; Chicago Public Schools budget approved

August 29, 2025/
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By Jim Talamonti | The Center Square
The Center Square

Foreign national indicted for fraud

A foreign national has been indicted in U.S. District Court in Chicago for allegedly defrauding numerous individuals out of at least $2.6 million and willfully evading income taxes.

Jawad Fakroune, 45, also known by “Angelino Escobar” and other names, is facing 15 federal counts of wire fraud and tax-related charges.

Chicago Public Schools budget approved

The Chicago Board of Education has adopted a $10.2 billion budget for Fiscal Year 2026.

The board voted 12-7 to approve the spending plan, which did not include a high-interest loan favored by Mayor Brandon Johnson and the Chicago Teachers Union.

Former chancellor dies

Former University of Illinois Chancellor Michael Aiken has died at the age of 93.

Aiken served as the school’s sixth chancellor from 1993 to 2001. U of I officials said he died Monday in Cody, Wyoming.

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