Skip to comments.Tony Rezko sentenced to 10.5 years in prison (wow!)
Posted on 11/22/2011 9:17:22 AM PST by STARWISE
A federal judge sentenced Tony Rezko to 10 1/2 years in prison Tuesday, describing his actions under Rod Blagojevichs tenure as selfish and corrupt.
Rezko has already served about 44 months. His daughter burst into tears at hearing the sentence.
U.S. District Judge Amy St. Eve said she found it offensive that Rezko put at risk the Teachers Retirement System by scheming for kickbacks with a board member in 2004.
You put their retirements at risk for your own greed and your own thirst for power, St. Eve said.
A pale, thin Rezko gave a brief statement before he learned his sentence, saying there are no words to describe the pain and regret, he carries and the amount of suffering his family has endured. He apologized to the court and to his family.
Assistant U.S. Attorney Chris Niewoehner said Rezkos conduct was severe and included scheming with former Gov. Rod Blagojevich and others to control state deals so they could make money off of it.
Thats about as bad as it can get in a political corruption case, he said. Illinois was for sale at the very top levels of our government. Rezkos attorney, Joseph Duffy, said his client would never commit a crime again.
Rezko grew clearly agitated as Niewoehner said Rezko overstated poor conditions in county jail. Niewoehner said Rezko got sunlight -- through skylights.
How much time will Tony Rezko serve? (sentencing today- will he stay mum forever?)
He has nothing to lose now. Start talking to get back at them.
A fair headline would be:
“Obama mentor to serve 10 years for corruption”
0 is a cold-blooded, heartless narcissist.
I suspect old buddy Tony’ll have a ‘fatal
“Illinois was for sale at the very top levels of our government.
Glad the judge is making it tough on the crook.
Watch for a presidential pardon long about midnight on January 19, 2013.
I like “co-conspirator” better.
Under these same guidelines, most of the Congressmen on Capital Hill could serve life sentences for what they have done to Social Security; and I wish they would.
When does the Obama sentence commutation or pardon come?
Additional content added to article
Rezko, a former top fund-raiser to Blagojevich and a onetime friend to President Barack Obama, volunteered to go to jail in 2008 immediately after his conviction on 16 of 24 counts of corruption, including fraud, money laundering and plotting to squeeze $7 million in kickbacks from firms that wanted to do business with the state during Blagojevichs tenure.
Rezkos lawyers asked that he be released with just time served.
The government, though, wanted St. Eve to send him away for 11 to 15 years.
Since 2008, Rezko was housed in harsher conditions than most white collar criminals, including about nine months in isolation in a downtown lockup.
Rezko cooperated and delayed sentencing until after both of Blagojevichs trials.
But prosecutors never used Rezko as a witness in Blagojevichs trials, saying Rezkos cooperation wasnt that helpful, that he initially lied and that their proposed penalty would cover a second criminal case before a different judge involving loan fraud. Defense lawyers say Rezkos information opened new doors for the government.
Good point. No family in all the annals of human history has ever suffered as much as the Rezko family has, and probably no family ever will.
He truly is a modern-day Job.
Even Wikipedia knows Obama reeks of Rezko (http://en.wikipedia.org/wiki/Tony_Rezko#Ties_to_Barack_Obama):
Ties to Barack Obama
In 1990, after Barack Obama was elected president of the Harvard Law Review, Rezmar Corp. offered him a job, which Obama turned down. Obama instead took a job with the firm of Davis, Miner, Barnhill & Galland, which primarily worked on civil rights cases. The firm also represented Rezmar and helped the company get more than $43 million in government funding. The firm’s former senior partner, Allison S. Davis, later went into business with Rezko and, in 2003, was appointed to the Illinois State Board of Investment by Governor Blagojevich at Rezko’s request. On July 31, 1995, the first ever political contributions to Obama were $300 from a lawyer, a $5,000 loan from a car dealer, and $2,000 from two food companies owned by Rezko. Starting in 2003, Rezko was one of the people on Obama’s U.S. Senate campaign finance committee, which raised more than $14 million. Rezko threw an early fundraiser for Obama that Chicago Tribune reporter David Mendelland claims was instrumental in providing Obama with seed money for his U.S. Senate race. Obama in 2007-08 identified over $250,000 in campaign contributions to various Obama campaigns as coming from Rezko or close associates, and said that he donated almost two-thirds of that amount to nonprofit groups.
In 2005 Obama purchased a new home in the Kenwood District of Chicago for $1.65 million (which was $300,000 below the asking price but represented the highest offer on the property) on the same day that Rezko’s wife, Rita Rezko, purchased the adjoining empty lot from the same sellers for the full asking price. Obama acknowledged bringing his interest in the property to Rezko’s attention, but denied any coordination of offers. According to Obama, while the properties had originally been a single property, the previous owners decided to sell the land as two separate lots, but made it a condition of the sales that they be closed on the same date. Obama also stated that the properties had been on the market for months, that his offer was the best of two bids, and that Ms. Rezko’s bid was matched by another offer, also of $625,000, so that she could not have purchased the property for less.
After it had been reported in 2006 that Rezko was under federal investigation for influence-peddling, Obama purchased a 10 foot (3.0 m) wide strip of Ms. Rezko’s property for $104,500, $60,000 above the assessed value. According to Chicago Sun-Times columnist, Mark Brown, “Rezko definitely did Obama a favor by selling him the 10-foot strip of land, making his own parcel less attractive for development.” Obama acknowledges that the exchange may have created the appearance of impropriety, and stated “I consider this a mistake on my part and I regret it.”
On December 28, 2006, Ms. Rezko sold the property to a company owned by her husband’s former business attorney. That sale of $575,000, combined with the earlier $104,500 sale to the Obamas, amounted to a net profit of $54,500 over her original purchase, less $14,000 for a fence along the property line and other expenses. In October 2007, the new owners put the still vacant land up for sale again, this time for $1.5 million.
In June 2007, the Sun-Times published a story about letters Obama had written in 1997 to city and state officials in support of a low-income senior citizen development project headed by Rezko and Davis. The project received more than $14 million in taxpayer funds, including $885,000 in development fees for Rezko and Davis. Of Obama’s letters in support of the Cottage View Terrace apartments development, Obama spokesman Bill Burton said, “This wasn’t done as a favor for anyone, it was done in the interests of the people in the community who have benefited from the project. I don’t know that anyone specifically asked him to write this letter nine years ago. There was a consensus in the community about the positive impact the project would make and Obama supported it because it was going to help people in his district.” Rezko’s attorney responded that “Mr. Rezko never spoke with, nor sought a letter from, Senator Obama in connection with that project.
In the South Carolina Democratic Party presidential debate on January 21, 2008, Senator Hillary Clinton said that Obama had been associated with Rezko, whom she referred to as a slum landlord. The LA Times said that a review they did showed that Rezko played a deeper role in Obama’s political and financial biography than Obama had acknowledged. Within days of the debate, a photo of Rezko posing with Bill and Hillary Clinton surfaced. When asked about the photo, Hillary Clinton commented “I probably have taken hundreds of thousands of pictures. I wouldnt know him if he walked in the door.”
28 now Miner, Barnhill & Galland. Morain, Dan (2008-04-06). “Obama’s lawyer days: brief and not all civil rights”. Los Angeles Times. Archived from the original on 2008-04-10. Retrieved 2008-05-10.
29 Novak, Tim (2007-11-11). “How reform-minded City Hall critic became a cozy insider”. Chicago Sun-Times. Retrieved 2008-05-10.
30 Novak, Tim (2007-04-23). “Obama and his Rezko ties”. Chicago Sun\Times. Retrieved 2008-05-10.
31 Chris Fusco; David McKinney, Tim Novak, and Abdon M. Pallasch (2008-03-16). “Obama explains Rezko relationship to Sun-Times”. Chicago Sun-Times. Retrieved 2008-03-16.
32 Drew, Christopher; McIntire, Mike (2007-06-14). “An Obama Patron and Friend Until an Indictment”. The New York Times. Retrieved 2008-03-05.
33 Ray Gibson; David Jackson (2006-11-01). “Rezko owns vacant lot next to Obama’s home”. Chicago Tribune. Retrieved 2008-03-04.
34 “Asked who approached her about the house, Schwan [the seller’s broker] told Salon, ‘I honestly don’t remember. Tony Rezko lived across the street, so he’d been interested in the lot.’”McClelland, Edward (2008-02-01). “How close were Barack Obama and Tony Rezko?”. Salon.com. Retrieved 2008-05-10.
35 McKinney, Dave; Fusco, Chris (2006-11-05). “Obama on Rezko deal: It was a mistake”. Chicago Sun-Times. Retrieved 2008-05-10.
36 Brown, Mark (2006-11-02). “Obama’s dealings with Rezko buy a parcel of questions”. Chicago Sun-Times. Retrieved 2008-05-10.
37 The $54,500 figure is before any property tax and other expenses Ms. Rezko incurred during her ownership
38 Jackson, David; Ray Gibson (2007-02-24). “Rezko sells lot next to Obama”. Chicago Tribune. Retrieved 2008-03-04.
39 Novak, Tim (2007-10-10). “Lot next to Obama can be yours for $1.5M”. Chicago Sun-Times. Retrieved 2008-03-04.
40 Novak, Tim (2007-06-13). “Obama’s letters for Rezko”. Chicago Sun-Times. Retrieved 2008-05-10.
41 Healy, Patrick; Zeleny, Jeff (2008-01-22). “Obama and Clinton Tangle at Debate”. The New York Times. Retrieved 2008-05-10.
42 Morain, Dan; Hamburger, Tom (2008-01-23). “Obama dogged by ties to donor”. Los Angeles Times. Retrieved 2011-10-10.
43 “Photo Surfaces Showing Sen. Clinton Posing With Chicago Landlord Rezko”. FOXNews. 2008-01-25. Retrieved 2008-05-10.
A pale, thin Rezko
He is under the bus and probably will not get a Presidential pardon even if Ibama would get a second term. Even if Ibama got a second term that would be 6 years?
Current article comments
9:59 AM on November 22, 2011
Wow Sun-Times I think that is the 1st time you mentioned ‘thee anointed one’ Barack Obama in a article with Rezko. Good work.
10:23 AM on November 22, 2011
Looks like Obama needs to make another pardon for his good friend and real estate fairy, Tony Rezco.
Is it 2012 yet?
10:35 AM on November 22, 2011
Like seany said, I am surprised this liberal, biased paper mentioned Obama. They normally only mention Blago.
10:42 AM on November 22, 2011
Why has it taken so long to sentence him????????
10:43 AM on November 22, 2011
It’s about timing, and Obama thought he’d ride off into the sunset on this guy............He’ll roll...No pardon here..................
10:58 AM on November 22, 2011
Prediction: 10 years with time served.
11:10 AM on November 22, 2011
Ru-Connected is right on target.
Good thing the Establishmedia is covering this up.
Pray for America
Excellent info, thanks.
Haven’t read that .. what
is the link?
Does Barack Obama know anyone who isn’t a crook, thief, domestic terrorist, charlatan, scammer or murderer?
That’s what I was thinking. Like Jack Ruby. Bet he’s dead within a year.
He has nothing to lose but his life. He keeps mum, maybe he’ll get out of prison. He talks, maybe he won’t.
Yhea...& they can't pull another "Our Poor (Friend of Klintoon) 'Ol Vince Accident"...
a prison version "Our Poor (Friend of Klintoon) 'Ol Jim McDougaull (Husband Of Sue)
While it's true that President Obama began his political career in the living room of former Weather Underground terrorists Bill Ayers ... his first political sponsor and major fundraiser was Antoin "Tony" Rezko.
The pair go back to the 1990s and Obama's state Senate years, but they are best known for the still-not-completely-explained 2005 real estate deal that allowed the Obamas to buy their Chicago South Side mansion, while Rezko's wife bought a narrow strip of the home's lot on the same day.
...In 2003, Rezko held a crucial fundraiser for Obama's US Senate campaign at his Chicago North Shore home--the future president was seen as a decided underdog in the race at that time.
obummer lets this guy rot under the bus theres no way he can pardon him
He'll be out before then. A 10.5 year sentence accounting for time already served (44 months) and time off for good behavior will put him out of jail just before election time next year.
THAT is when we want Rezko to sing like a bird, and not a moment before.
11-22-11Obama pardons 5, commutes 1 sentence for convictions including selling drugs, gambling
WASHINGTON President Barack Obama on Monday pardoned five people convicted of charges ranging from intent to distribute marijuana to running an illegal gambling business.
And he issued his first commutation, ordering the release of a woman next month after serving 10 years on a 22-year sentence for cocaine distribution.
He just made some weird pardons. Someone should be looking into any connections.
Good for Wiki .. wonder how long that’ll
That was my first thought but on second thought I strongly doubt it. Does anyone actually think Berry would put himself out for another. Just look at his brother still living in a Kenyon mud shack.
Right after election day if o bozo wins again.
Yup, He’ll hang himself from the prison library door.
Judge me by whom I surround myself with. Candidate Obama 2008
My sentiments exactly. And the prospect of the pardon will keep his mouth shut.
Ex-fundraiser for Obama, Blago sentenced
I think Fed time requires one to serve 85 % of the sentence... I just did the math and Rezko will have to serve approx. 5 1/4 additional years behind bars (from today’s date) if the 85 % figure is accurate. He’ll ‘see daylight’ in early 2017.
that was my thought when I read the headling .. will he talk NOW? I can’t imagine anyone is worth 10.5 years of your life. BUT, would prosecutors be willing to offer a deal or would they rather protect some (or one) of Tony’s ‘partners?’
If he gets out of prison, he will still, most likely, lose his life so he can never talk. Either way he is doomed. Whether he wants to get back at the people who allowed him to be prosecuted is another question.
Generally speaking it appears you're correct (I just did a quick google search to confirm.)
I also read that it could be "as little as" 65%, unfortunately that'd put Rezko out AFTER the 2012 elections.
Not sure if Tony "singing" to the Fed's is going to change his sentence at all at this point. Appears the time to cooperate with Fitzgerald has passed.
Lets hope he sings like a canary.