Patrick R. Daley
Born
Patrick Richard Daley

(1975-06-10) June 10, 1975
Chicago, Illinois, U.S.
EducationUnited States Military Academy
University of Illinois, Urbana-Champaign (BA)
University of Chicago (MBA)
Parent
Relatives

Patrick Richard Daley (born June 10, 1975) is an American businessman. He is the son of the former mayor of Chicago, Richard M. Daley. Daley and his father are partners in a Chicago-based investment firm.

Early life and education

Patrick Daley is the son of politician Richard M. Daley and Margaret "Maggie" Corbett Daley.[1] He attended Mount Carmel High School in Chicago. At age 18, Daley enrolled as a cadet in the United States Military Academy at West Point, New York, having been nominated to the academy by U.S. Representative Bill Lipinski. He left West Point during his first year.[2][3] In 2004, he received an MBA from the University of Chicago.[2] Later that year, the 29-year-old Daley decided to enlist in the Army's regular airborne infantry rather than enter service through officer's training.[4]


Philanthropy

Daley has been actively involved in several civic and philanthropic endeavors. He serves on the board of various non-profit organizations dedicated to education, youth empowerment, and urban renewal.[5] Recognizing the importance of education, he has been a staunch advocate for improving schools and expanding educational opportunities for all residents.[6][7]

Personal life

In 2019, Daley married Tara Flocco with the ceremony held at Theater on the Lake when Patrick’s late mother, Maggie Daley, was memorialized.[8]

Controversies

Sewer-inspection contract

Patrick was an MBA student at the University of Chicago's Business School, working as an unpaid intern at Cardinal Growth, a Chicago venture capital firm. In June 2003, Patrick and his cousin Vanecko formed a Delaware company MSS Investors LLC and invested $65,000 each to acquire a 5% stake in Municipal Sewer Services, a Cardinal Growth venture. Months later, Municipal Sewer Services was awarded a $3 million, no-bid sewer inspection contract extension from the City of Chicago, and, later, two further extensions worth an additional $4 million.[9][10] Daley's and Venecko's ownership was deliberately omitted from the ethics disclosures required of City contractors.[11][12][13]

The day after Patrick Daley's and Robert Vanecko's hidden involvement in a city contract was disclosed in the Chicago Sun-Times, Mayor Daley stated, "I did not know about [Patrick's] involvement in this company." Mayor Daley also said he didn't know if there are other city contracts involving the younger Daley.[14][15] A Chicago Tribune editorial asked, "Who omitted the names of the clout cousins when Municipal Sewer Services filed its disclosure statements? Who at City Hall tapped the company for no-bid work? Were the cousins involved in any other ventures doing business with the city?"[16]

The city's inspector general and federal authorities began investigations in December 2007. Patrick Daley and Robert Vanecko hired criminal defense attorneys.[17] Municipal Sewer Services LLC folded in April 2008.[10] In January 2011, the president of Municipal Sewer Services, was charged with three counts of mail fraud in conjunction with minority contracting, and later pleaded guilty and was sentenced to 17 months in prison.[18][12] Jesse Brunt and his company, Brunt Brothers Transfer Inc., was also indicted on three counts of mail fraud. Patrick Daley and Vanecko were not charged with any crime.[19][20][21]

Airport Wi-Fi deal

In 2005, Concourse Communications, another Cardinal Growth venture, signed a potentially lucrative city contract for airport Wi-Fi service at city-owned O'Hare Airport and Midway Airport. Concourse disclosed its investors to the city, as required, and Daley was not listed. On June 27, 2006, nine months after it signed the contract, Concourse was sold, at a 33% profit, to Boingo Wireless Inc. for $45 million. Over the next 17 months, Daley received five payments from Concourse totaling $544,210, for a total of $708,999.[22][23] "...[T]he conflict of interest was blatant...all the laws in the world can't deter one truly single-minded schemer," the Chicago Sun-Times editorialized.[24] In February, 2010 Daley lived in Moscow between deployments.[25] In June 2011, United States Attorney Patrick Fitzgerald filed suit on behalf of the Small Business Administration to recover $21.4 million of a $51 million small business loan Cardinal Growth had borrowed but was unable to repay, and Cardinal Growth agreed to be liquidated.[26][27][28]

References

  1. ↑ "Maggie Daley laid to rest". Indiana Post-Tribune. November 29, 2011. Archived from the original on June 11, 2014. Retrieved 2014-01-26.
  2. 1 2 "Daley's son ships out Patrick joins Army as dad swears to 'be not afraid'". Chicago Sun-Times. December 30, 2004. Archived from the original on June 11, 2014. Retrieved 2014-01-26.
  3. ↑ Briggs, Michael; Watson, Jerome; Talbott, Basil (1993-08-16). "Capital Letters". Chicago Sun-Times. Archived from the original on 2014-06-11.
  4. ↑ Sneed, Michael (2004-11-30). "'He wants to serve his country' Mayor's son shipping out to Army". Chicago Sun-Times.
  5. ↑ "Patrick Daley joins Shakespeare Theater board of directors". Crain's Chicago Business. 2012-09-19. Retrieved 2023-05-13.
  6. ↑ "Nearly $3 million raised for After School Matters - City". digitaledition.chicagotribune.com. Retrieved 2023-05-13.
  7. ↑ "Chicago Shakespeare Theater: Board of Directors". www.chicagoshakes.com. Retrieved 2023-05-13.
  8. ↑ Sneed, Michael (2019-09-27). "A Maggie memorial: Former first lady's spirit alive and well at Patrick Daley's wedding". Chicago Sun-Times. Retrieved 2023-05-12.
  9. ↑ Novak, Tim (2007-12-14). "Daley's son's secret deal; Mayor signed pacts, but spokeswoman says he didn't know his son was an owner of a sewer-inspection business that did city work". Chicago Sun-Times.
  10. 1 2 Lighty, Todd; Mihalopoulos, Dan (2008-04-24). "Sewer firm tied to Mayor Richard Daley's son folds". Chicago Tribune.
  11. ↑ Novak, Tim (February 25, 2012). "Sewer company boss: I was told to hide Daley son's role". Chicago Sun-Times. Retrieved 2014-01-26.
  12. 1 2 Janssen, Kim (October 30, 2013). "Contractor who hid Daley's son's stake in city sewer deal gets 17 months in prison". Chicago Sun-Times. Retrieved 2014-01-25.
  13. ↑ Schmidt, Kate (November 4, 2013). "The Chicago way is alive and well. It's just not funny anymore". Chicago Reader. Retrieved 2014-01-26.
  14. ↑ Washburn, Gary (2007-12-19). "Mayor calls son's deal a 'lapse in judgment'". Chicago Tribune.
  15. ↑ Spielman, Fran (2007-12-15). "Mayor in dark: aide - Says Daley had no role in sewer firm's pact with city". Chicago Sun-Times.
  16. ↑ "This one fails the smell test". Chicago Tribune. 2007-12-20.
  17. ↑ Novak, Tim; Spielman, Fran (2009-03-27). "Daley kin lawyer up; Contract Probe; Son, nephew hire criminal defense attorney". Chicago Sun-Times.
  18. ↑ Novak, Tim (2011-01-07). "Daley son's business partner indicted for mail fraud". Chicago Sun-Times.
  19. ↑ Novak, Tim; Fusco, Chris (2011-06-06). "Daley's son also invested in city sewer deal". Chicago Sun-Times.
  20. ↑ Novak, Tim. "Key players in city sewer-cleaning case". Chicago Sun-Times.
  21. ↑ Dardick, Hal; Coen, Jeff (2011-01-06). "Former business partner of Daley's son indicted; Bartlett man accused of using minority-owned business as a front". Chicago Tribune.
  22. ↑ Novak, Tim; Fusco, Chris (2011-06-06). "Former Mayor Daley's son profited after airport Wi-Fi deal". Chicago Sun-Times.
  23. ↑ "Ex-Mayor Daley's son pockets $700K on airport Wi-Fi contract, newspaper reports". Crain's Chicago Business. June 6, 2011. Retrieved 2014-01-25.
  24. ↑ "Ethics laws can't stop every schemer". Chicago Sun-Times. 2011-06-09.
  25. ↑ Byrne, John (February 9, 2010). "Mayor Daley's son called back to Army duty". Chicago Tribune. Retrieved 2014-01-25.
  26. ↑ Novak, Tim (June 27, 2011). "Federal government takes over fund with ties to Daley's son, Patrick". Chicago Sun-Times. Retrieved 2014-01-25.
  27. ↑ "Feds Take Over Company With Ties To Daley's Son". CBS News Chicago. June 27, 2011. Retrieved 2014-01-26.
  28. ↑ Loizos, Connie (June 27, 2011). "Feds Look to Liquidate Chicago-Based Venture Fund". Reuters. Retrieved 2014-01-26.
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