.. Another Chicago politician on the take - Rezko/Pay to Play list .. Ping!
Wondering if this Rezko stuff is building to a ‘coming
scandal,’ ala the WH Insider.
Also remember the Auchi connection and the ‘Broadway Barry’ comment:
A new headache for Giannoulias? Another Rezko loan
His family bank lent $22.75 million, in newly uncovered deal
August 2, 2010
News reports had linked Rezko, a key adviser and campaign fund-raiser for then-Gov. Rod Blagojevich, to shady deals involving state pension funds — among the crimes that ultimately would send him to prison.
This was the Tony Rezko who, looking for millions of dollars for a massive South Loop development, turned to Broadway Bank, owned by the family of Alexi Giannoulias. Giannoulias, the Democrat now running for U.S. Senate, had left his post as a senior loan officer at the Chicago bank in late 2005 to mount a successful campaign for Illinois state treasurer, though he still held an ownership stake in the bank.
Rezko’s company asked. And Broadway Bank came through.
On Feb. 14, 2006, newly obtained records show, the bank made a $22.75 million loan to a company called Riverside District Development LLC, whose owners, it turns out, included Rezko.
You won’t find Rezko’s name on any documents filed in the public record in connection with the loan.
But Rezko acknowledged his ownership stake in Riverside District Development to a federal judge about a year after the loan was made, according to a transcript of the court hearing.
Following Rezko’s indictment in October 2006, he and his lawyers met in January 2007 with U.S. District Judge Amy St. Eve to discuss his assets.
During that closed-door hearing, Rezko disclosed his ownership stake in Riverside District Development, the company that got the $22.75 million loan from Broadway Bank. Rezko’s lawyers said his main partner in Riverside was General Mediterranean Holding, a Luxembourg company controlled by Iraq-born billionaire Nadhmi Auchi.
The assessor argued---- after the story became public----that Guiterrez should not be penalized for a "clerical error." This came after Guiterrez paid minimal taxes for years and years b/c Guiterrez' home was listed on the tax rolls as a vacant lot.
Cong Gutierrez (D-Ill) has made a career out of helping illegal aliens drain whatever they could out of America. Good chance Gutierrez was aiding and abetting govt financial fraud and ID fraud. How many fake ID's were used to bilk govt agencies?
City investigating program that helped daughter of Gutierrez D-ILL---The Chicago Sun Times | May 4, 2010 |
The City of Chicago's inspector general has opened an investigation into an affordable-housing program under which U.S. Rep. Luis Gutierrez's daughter was able to buy a condominium at a discount, despite family income of more than $93,000, and resell it after 14 months at a 55 percent profit.(Excerpt) Read more at suntimes.com ...
FBI agents ask about Gutierrez, developer The FBI has interviewed City Hall employees and Chicago aldermen (a former cab driver) about U.S. Rep. Luis Gutierrez's ties to a corrupt developer, according to records and interviews that raise new questions about the congressman amid an ongoing federal investigation.
A former alderman convicted in the investigation told FBI agents that Gutierrez boasted of helping his longtime political supporter Calvin Boender obtain a lucrative zoning change for a development on the city's West Side. Another alderman told agents this year she thought Gutierrez was going to buy a home in the development. (Excerpt) Read more at chicagotribune.com ...
So sick of all of these dirty politicos!
Praying that the whole Obama/Dem house of cards comes crashing down soon. Any word on where Fitzy has been of late?