10-11-2006, 08:49 PM
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Join Date: Mar 2004
Location: Boston
Posts: 14,612
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Chief fundraiser for IL Democrat governor indicted on fraud
http://today.reuters.com/news/articl...politicsNews-4
And what a shock, another pension trustee/manager involved in fraud.
Quote:
A prominent fund-raiser for Illinois Democratic Gov. Rod Blagojevich has been charged with fraud and attempted extortion, prosecutors said on Wednesday.
Antoin Rezko, 51, a real estate developer and restaurant owner who lives in the Chicago suburb of Wilmette, Illinois, was named in two separate grand jury indictments unsealed by U.S. Attorney for Northern Illinois Patrick Fitzgerald.
Rezko was charged with 24 counts, including fraud and attempted extortion, for demanding millions of dollars in kickbacks from investment firms and a construction company vying to build a hospital.
Teachers pension board trustee Stuart Levine was also involved in the alleged scheme, according to prosecutors. Levine, who had been charged with shaking down investment firms and is cooperating with authorities, was hit by more charges on Wednesday.
According to the indictment, Rezko and Levine told an investment firm it would have to hand over $2 million or make a $1.5 million political contribution to an unnamed public official. In exchange, the firm would be given $200 million of pension fund money to manage.
There was "a frenzy of corrupt scheming," Fitzgerald said.
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All you need to know about the energy crisis:
ANWR Exploration Republicans: 91% Supported. Democrats: 86% Opposed.
Coal-to-liquid R's: 90% YES. D's: 78% NO.
Oil Shale Exploration R's: 90% YES. D's: 86% NO.
Outer Continental Shelf Exploration R's: 81% YES. D's: 83% NO.
Increased Refinery Capacity R's: 97% YES. D's: 96% NO
SUMMARY: 91% of House Republicans have historically voted to increase the production of America’s own oil and gas. 86% of House Democrats have historically voted against.
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