G. Kennedy Thompson of court a case in which it allegedly laundered over $378 billion in cash and traveler's checks from Mexican drug cartels in the years 2004 - 2006, during Thompson's tenure as CEO. Terms of the settlement included a $110 million forfeiture and a $50 million fine. Thompson was pushed out of Wachovia Bank (WB) on June 2, 2008, as head of the nation’s fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the U.S. housing market. Thompson will not receive any incentive pay for the 2008 fiscal year, but according to a filing with the
Christopher G. Kennedy project has received criticism from town officials and residents. Residents voted unamiously to hire a special counsel to stop the development, which they allege violates over thirty local zoning ordinances. Christopher G. Kennedy Christopher George "Chris" Kennedy (born July 4, 1963) is an American businessman, politician, and Chair of Joseph P. Kennedy Enterprises, Inc. He is a son of former U.S. Senator Robert F. Kennedy, a member of the Kennedy family. Kennedy served as Chair of the Board of Trustees for the University of Illinois from 2009 to 2015. Until April 2012, he was also president of Merchandise Mart Properties,