Posted on 12/09/2008 10:30:17 PM PST by remaxagnt
NEW YORK – While prosecutors are making no allegations against Barack Obama in the massive criminal complaint unsealed yesterday against Illinois Gov. Rod Blagojevich, a separate civil case in Chicago asserts the president-elect benefited from a shady land deal orchestrated by convicted felon Antonin "Tony" Rezko.
(Excerpt) Read more at worldnetdaily.com ...
Now, we know why 0 has that facial tick. Suppose you were a first who won the election you knew you wouldn’t be able to be sworn in.
He better grow eyes in the back of his head.
And these are the people the electorate put into power? I believe there should be a standard before you are allowed to vote.
I agree wholeheartedly, and have felt so for many years.
Don’t pay taxes? You can’t vote.
Incapable of passing a simple literacy test? You can’t vote.
Don’t have at least a high school diploma? You can’t vote.
Can’t pass a basic test on civics and the American Constitution? You can’t vote.
I know many here will disagree, but this last election has driven home how essential it is that we overhaul our electoral system........which is obviously, completely broken.
The inmates are truly running the asylum now.
And the more strange that with her ill and the whole family on the island he only went by himself once, briefly, to see her this summer; he went alone right before she died; then the service for her was delayed, but Obama and his family didn’t attend—and now they’re planning a holiday there with friends.
NEW YORK – While prosecutors are making no allegations against Barack Obama in the massive criminal complaint unsealed yesterday against Illinois Gov. Rod Blagojevich, a separate civil case in Chicago asserts the president-elect benefited from a shady land deal orchestrated by convicted felon Antonin “Tony” Rezko.
WND obtained a copy of the civil complaint filed in October with the Illinois Circuit Court in Cook County by former real estate credit analyst Kenneth J. Conner.
Conner alleges he was fired by his former employer, Mutual Bank of Harvey, Ill., because he objected to land appraisals submitted on behalf of the Rezkos and the Obamas, with the complicity of the bank.
“Corsi’s back! Sign up now for his financial analysis in Red Alert.
Rezko, who was convicted of corruption charges earlier this year that implicated Blagojevich, reportedly cooperated with federal prosecutors in the case against the Illinois governor. As a major fundraiser, Rezko helped launch the political careers of both Obama and Blagojevich.
In 2005, Obama admitted to the Washington Post the property deal he made while Rezko already was under federal investigation was a “bonehead mistake.”
The transaction involved Obama purchasing a multi-million-dollar home in Chicago’s trendy Kenwood neighborhood, across the street from the Rezkos, at a discounted price. On the same day, Rezko’s wife purchased a strip of land adjacent to the Obamas for the full asking price then sold it to the Obamas for $300,000 less.
Obama and top fundraiser Tony Rezko
Mutual Bank had lent Rezko millions of dollars in various real estate transactions over many years.
“’I wouldn’t have filed this case without doing as much due diligence as possible, including contacting Mutual Bank,” Connor’s attorney Glenn R. Gaffney told WND. “I believe my client was wrongfully fired by Mutual Bank for objecting to the appraisals involved in the Rezko-Obama transaction.”
Gaffney asserted Obama’s own appraisal contradicts the argument that Rezko paid fair value in the transaction.
“This confirms Connor was right in arguing the bank’s appraisal obtained to facilitate the Rezko loan appears substantially overstated,” Gaffney said.
The attorney told WND his client had contacted the FBI and submitted relevant documents before he was retained as legal counsel to pursue the wrongful-dismissal case.
WND has confirmed with the clerk of the Cook County Clerk of Courts that Conner has requested a 12-person jury trial, and the case, docketed as 2008#L011470, has been assigned to Judge Charles Winkler.
‘Inconvenient appraisal’
Conner’s complaint establishes that in June 2005, Mutual Bank President and CEO Amrish Mahajan and other Mutual Bank officers “approved a loan to Rita Malki Rezko which was guaranteed by Antonin Rezko so that Rita Rezko could purchase a 9,090 square foot vacant parcel of the real estate at 5050 Greenwood Avenue, Chicago.”
The complaint also confirms as undisputed fact, “On or about January 4, 2006, Rita Rezko entered into an agreement with Senator Barack and Michelle Obama to sell a ten-foot strip of the S. Greenwood property to the Obamas.”
Connor’s complaint charges that Mutual Bank removed from the file an inconvenient appraisal he conducted.
Connor contends fraudulent appraisals were submitted to permit the Rezkos and the Obamas to collude with one another on both the initial purchase of the double-lot property and the subsequent sale of the vacant 10-foot sliver of land.
Connor’s complaint argues the initial fraudulent appraisal over-valued the property to permit the bank to loan the Rezkos the maximum possible to complete their side of the transaction.
Connor’s complaint then argues Mutual Bank subsequently discounted the initial appraisal by as much 50 percent – arguing the 10-percent strip was unbuildable alone – to arrive at a price low enough for the Obamas to afford buying enough of the vacant lot to effectively prevent future development.
The doctor who owned the double-lot property wanted to sell the vacant lot and the house at the same time, even though the two properties were separately listed.
The list price for the home was $1.95 million, outside the reach of the Obama family, until Rezko came up with the idea that his wife would simultaneously purchase the vacant lot portion of the project.
The deal concluded with the Obamas buying the house for $1.65 million, at a discount of $300,000 from the initial asking price, while Rezko’s wife closed on the vacant lot on the same day for the full asking price of $625,000, of which she borrowed the maximum allowable 80 percent from Mutual Bank.
Connor alleges his appraisal was removed from the Mutual Bank file and he was fired from the bank “’under pretextual reasons”’ after complaining about what he considered the problems with the appraisals used by the Rezkos and the bank to complete the Obama property transaction.
The FBI, through a federal grand jury, subpoenaed the Connor file in October 2006, according to the Washington Times.
bump
If Fitz hadn't blown the whistle on himself and held the investigation open for 2 years all Chicagoland pols would be under indictment.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.