WOODLAWN — Ald. Willie Cochran (20th) may soon be approaching a difficult decision as his political campaign fund dries up from the ongoing costs of fighting federal charges of wire fraud, bribery and extortion.
State campaign finance disclosures show Cochran started July with $4,630 left in his campaign fund after spending $10,500 on legal fees between April 1 and June 30.
Cochran may soon be reliant on his own finances to fight allegations that he shook down local business owners for $30,000 and spent $25,000 of his campaign funds on an alleged gambling habit.
His campaign brought in only one donation, $2,500 from Ikes Foods, since he was indicted in December.
Cochran on Friday declined to say whether he had an independent legal defense fund he could draw on as his case approaches the labor-intensive discovery phase.
He said he is not considering stepping down.
“No, I’m not considering it at all,” Cochran said.
He said he is feeling increasingly optimistic about the case, but declined to elaborate.
Cochran has called the allegations against him a “lie.”