Illinois Republican Party Chairman Pat Brady released the following statement regarding securities fraud charges issued against the State of Illinois by the Securities and Exchanges Commission:
“Today’s charges clearly show Mike Madigan, Lisa Madigan, and Pat Quinn were part of failed leadership that has led to today’s pension crisis that is destroying our state’s economy.
“The Madigan's and Quinn either knew this fraud was taking place under Rod Blagojevich’s time in office or they were grossly incompetent in not seeing it.
“Either way, none of them should be in leadership positions in this state any more and it’s time to elect a fiscal conservative Republican governor who will return our state to a solid financial standing.”
