Thread: Complaint hits Rezko land deal
#1 Complaint hits Rezko land deal
10-18-2008, 11:28 AM
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- May 2008
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Fired official says appraisal replaced
A former Illinois bank official, now claiming whistleblower status, says bank officials replaced a loan reappraisal that he prepared for a Chicago property that was purchased by the wife of now-convicted felon Tony Rezko, part of which was later sold to next-door neighbor Barack Obama.
In a complaint filed Thursday in the Circuit Court of Cook County, Kenneth J. Connor said that his reappraisal of Rita Rezko's property was replaced with a higher one and that he was fired when he questioned the document.
Mr. Connor, a real estate and commercial credit analyst at the Mutual Bank Corp. in Chicago, also noted in the complaint that the bank received a grand jury subpoena in October 2006 requiring it to produce information concerning Mrs. Rezko's purchase, including the bank's files on the property.
The complaint also said that the grand jury wanted information on Mrs. Rezko's checking account and loan file and that the Federal Deposit Insurance Corp. (FDIC) had audited the Rezko file - although Mr. Connor's lower reappraisal had been replaced with a higher amount.
"Connor's internal whistle-blowing activity at Mutual Bank implicates Mutual Bank and the potentially guilty officers thereof to prosecution under federal and Illinois statutes," said the complaint, filed by attorney Glenn R. Gaffney.
10-18-2008, 11:34 AMWhen the property was sold, Mr. Obama knew Rezko was under investigation on fraud charges.
Rezko was a key supporter and donor throughout Mr. Obama's political career, with the Illinois Democrat estimating that Rezko raised $250,000 for his various political campaigns, though not for his presidential bid. The two were friends who talked frequently about politics and occasionally dined out together with their wives.This is bigger than presidential politics. This is a battle for America.
10-18-2008, 11:58 AM
remember - with the left - the ends justify the means.Stand up for what is right, even if you have to stand alone.
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