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STATELINE, Nev., July 20 (UPI) -- Former Chicago Bear Jim McMahon said he's "not going to worry about" federal claims related to his role as a board member of a defunct Chicago bank.
The former quarterback said Thursday at a pro-am before the American Century Championship in Nevada he is not concerned about the federal claims for his role as a board member of Broadway Bank, which shut down in 2010, the Chicago Sun-Times reported Friday.
"It doesn't affect me at all. I didn't do anything wrong," McMahon said.
"I was on the board for three years maybe," he said. "All the loans we were doing were good. Real estate was a good investment back then. Then all of a sudden it goes in the tank and they're blaming me for it? I'm not going to worry about it."
The Federal Deposit Insurance Corp. filed a lawsuit in March naming all seven board members of the bank and seeking to recover $104 million from 17 bad loans given by Broadway.
"When the owner of the bank asked me to be on the board, that's the first thing I asked him: 'What happens if something goes wrong with the bank?' He said, 'Well, you're not responsible for that. We have insurance,' this and that," McMahon said. "So I'm not even worried about it."
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