Ballentine, 41, is expected to enter his
plea before the U.S. District Court of Northern Illinois at the
Dirksen Federal Building in Chicago.
He owns the Law Office of Warren Ballentine, LLC, in
Illinois, according to the Chicago Defender.
A federal grand jury charged him with two counts of bank
fraud, two counts of making false statements to lenders, and one count each
of mail fraud and wire fraud in a six-count indictment on Jan. 24, according
to the Chicago Defender. The indictment also calls for forfeiture of about
$9,775,000 proceeds.
His talk radio show has also since been dropped from
syndication by Syndication One/Reach Media, an official with the network
said. The show is being conducted by other hosts.