Nobody can deny that Barack Obama certainly surrounds himself with
slimeballs interesting friends.
Let’s see now. Last week we discussed the 2001 failed Superior Bank of Chicago and Penny Pritzker, Barack Obama’s Campaign Finance Chair. Ms. Pritzker, it seems, is the Mother of the subprime lenders and the Mortgage Meltdown. She did it before it was even in style!
This week, Obama’s Godfather, Political Fixer, Tony Rezko, who was convicted on 16 counts of corruption on June 4 of this year, is back in the news answering charges of
surprise! Mortgage Fraud.
You do remember him, right? Tony crank up my political career and get me my mansion cheap and I won’t notice the rats and lack of heat in those houses you didn’t renovate for the poor on taxpayer money I got you “That is Not the Guy I Knew” Rezko?
Cross Posted from The Real Barack Obama–RBO, formerly Rezko Watch:
In a brief item, ABC News 7 Chicago reports that convicted political fixer, Antoin “Tony” Rezko (see below) is due back in court today, September 23, 2008, “to face charges of mortgage fraud.”
Rezko, along with two other men, are accused of rigging the price of pizza franchises to fraudulently obtain more than $10 million in loans.
The indictment for this case “alleges that Rezko fraudulently obtained more than $10 million in loans for a pizza restaurant business from General Electric Capital Corp. (GECC) and also defrauded investors in that business.”
Rezko is accused of defrauding General Electric Capital Corporation in connection with a $4.5 million loan he obtained from that lender supposedly to buy a chain of Papa John’s pizza franchises in Milwaukee with a straw buyer and inflated prices, misrepresenting his role in the transaction and then defaulting on the loan.Source
Rezko was convicted in April 2008, on 16 charges of “fraud, bribery and money laundering in a political corruption case. His sentencing for that conviction is scheduled for next month,” ABC News reported.