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Palumbo family business secrets revealed in settlement agreement with IDOT

It turns out there were more connections than previously known between Sebastian “Sam” Palumbo, his construction firms and a road-building group overseen by relatives known as Builders Companies. But the firms insist those ties didn’t violate Palumbo’s agreement not to participate in state or federal contracts following a 1999 guilty plea in a racketeering case.

Chicago area road builder Sebastian “Sam” Palumbo has been banned from participating in state contracts ever since his conviction in a 1990s racketeering case in which prosecutors showed that he ripped off his employees, and that his former construct… [8433 chars]

Source: Chicago Sun-Times | Published: 2026-04-03T10:30:00Z

Credit: Chicago Sun-Times

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