Supreme Court Overturns Daley Thompson's Convictions on False Statement Charges

The unanimous ruling clarifies the federal statute applies only to false statements, sending the case back to the 7th Circuit for further review.

The Supreme Court ruled that the federal law under which Thompson was convicted criminalizes only false statements, not misleading ones.
Two counts of Thompson's 2022 conviction related to lying to bank regulators were overturned, while his tax-related convictions remain intact.
The case has been remanded to the 7th Circuit Court of Appeals to determine if Thompson's statements were false in context.
Thompson, a member of Chicago's Daley political dynasty, had received $219,000 in loans from a now-defunct bank and disputed the full repayment amount.
The decision reflects the Court's ongoing trend of narrowing federal criminal statutes and limiting prosecutorial overreach.