Obama corruption tie court cases update, February 5, 2013, Blagojevich appeal delayed, FDIC Mutual Bank lawsuit drags on, Obama Rezko ties linger, Die slowly?
“Why did Patrick Fitzgerald and the US Justice Department wait until December 2008 to arrest Rod Blagojevich?”…Citizen Wells
“this guy is more Tony’d up than I am. …. they got the Chicago media to f…ing make me wear Rezko more. To f…ing dilute it from him.”…Rod Blagojevich wiretap November 12, 2008
“I believe I’m more pristine on Rezko than him.”…Rod Blagojevich
General Douglas MacArthur stated: ”Old soldiers never die, they just fade away.”
Perhaps the same sentiment could be used for court cases that tie Obama to Chicago corruption and Tony Rezko.
There are two active court cases that touch Obama and his dealings with Tony Rezko and other Chicago corruption figures.
The FDIC filed a lawsuit against Mutual Bank (Rezko lot loan bank) and it’s officers on October 25, 2011.
Here is some background information.
From Citizen Wells October 25, 2012.
“Here is what we know about the purchase of a lot by Barack and Michelle Obama from Rita Rezko in 2006:
1. “In June, 2005, Mutual Bank President and CEO Amrish Mahajan and
other Mutual Bank officers approved a loan to Rita Malki Rezko (Rita
Rezko) which was guaranteed by Antonin Rezko so that Rita Rezko could
purchase a 9,090 square foot vacant parcel of real estate at 5050 S.
Greenwood Avenue, Chicago.” (Conner lawsuit)
2. “On or about January 4, 2006, Rita Rezko entered into an
agreement with Senator Barack and Michelle Obama (Obamas) to sell a
ten-foot strip of the 5050 S. Greenwood property to the Obamas.”
3. “In late 2005 or early 2006, Conner performed an appraisal review
of the Adams Appraisal (Exhibit C) per the directive of Richard Barth
and James Murphy. Conner prepared a written Appraisal Review report
(ARR) opining that the Adams Appraisal overvalued the Greenwood lot by
a minimum of $ 125,000.00 and that a reasonable and fair valuation for
Mutual Banks’s underwriting purposes should be no greater than $
500,000.00 for the entire 5050 S. Greenwood parcel as originally
purchased by Rita Rezko.” (Conner lawsuit)
4. “On or about October 19, 2006, Mutual Bank received a Grand Jury
Subpoena (GJS) requiring Mutual Bank to produce the Rezko 5050
Greenwood loan file, as well as a Rita Rezko Riverside District
Development LLC checking account and loan file.” (Conner lawsuit)
5. “In October, 2007, Conner had various communications with Mutual
Bank’s Human Resources Department representative, Lana Schlabach. In
an email communication of October 15, 2007, Conner directly referenced
“Resentment over my mentioned discovery of the removal/replacement of
an appraisal review that I conducted. That appraisal review contained
substantial observations and suggestions. The transaction and parties
involved were high profile in the media.I am under the impression that
the FBI has since looked at the file.”” On October 23, 2007, eight days after Conner’s October 15, 2007 email to Schlabach attached as Exhibit J, Mutual Bank terminated Conner’s employment for pretextual reasons.” (Conner lawsuit)
6. “On October 23, 2007, eight days after Conner’s October 15, 2007
email to Schlabach attached as Exhibit J, Mutual Bank terminated
Conner’s employment for pretextual reasons.” (Conner lawsuit)
7. The FDIC has filed a lawsuit against Mutual Bank, Amrish Mahajan, Richard Barth, et al.”
From the FDIC lawsuit against Amrish Mahajan, et al.
“6. The Director Defendants also wasted corporate assets and drained the Bank’s capital by…(c) authorizing $ 495,000 in “bonuses” to pay for the criminal defense costs for the Defendant Amrish Mahajan’s wife who was indicted for Medicaid fraud”
“32. The Director and Officer Defendants failed to establish procedures that would have lessened the risks of the Bank’s improvidant lending practices. The terms of transactions were not accurately documented. Status reports were missing so that records of how an asset was progressing were not available. Terms of loans were changed at closing without board or loan committee approvals or any rcord in the file. Loan guarantees were frequently missing from the files. Appraisers were retained by brokers with an interest in seeing transactions consummated, not by the bank. Appraisals were often received after the loan was funded. Loans were typically non-recourse and dependent on guarantor abilities to repay in the event that the collateral was insufficient. Yet, little or no attention was paid to whether guarantors had sufficient liquidity to protect the Bank’s interest; the officers and the Board did little or no analysis of guarantor or borrower financial strength.”
The FDIC lawsuit against Amrish Mahajan, former president of Mutual Bank, et al is scheduled for a status hearing in the courtroom of Judge Virginia M. Kendall on February 12, 2013. Mutual Bank loaned Rita Rezko the money for the lot that was purchased by the Obama’s. It is also the bank that fired whistleblower Kenneth J. Conner after he questioned the appraisal of that lot.
Tuesday, February 12, 2013 (As of 02/05/13 at 07:50:47 AM)
Honorable Virginia M. Kendall Courtroom 2319 (VMK)
1:11-cv-07590 Federal Deposit Insurance Corporatio 09:00 Status Hearing
Of course the delay in prosecuting Rod Blagojevich and his subsequent appeal process is the “elephant in the room.” Some say he is awaiting a pardon from Obama.
From Citizen Wells December 5, 2012.
“The Blagojevich arrest was delayed until after the 2008 election.
The Blagojevich appeal has been delayed until after the 2012 election by the Obama Justice Department.”
“A perfect Chicago Crime?
From Citizen Wells October 26, 2012.
“The transcripts needed for the Rod Blagojevich appeal, overdue by almost a year, are still not ready and the appeals court judge is faulting Blagojevich attorney Lauren Kaeseberg, despite the fact that the appeals court has responsibility in this matter.”
“Who engineered these delays and who is responsible?
What were Obama and Blagojevich discussing in 2008?
“Just because it’s a conspiracy theory doesn’t mean it is not true.”
“It is obvious to any rational person paying attention that this delay was orchestrated by the Obama controlled US Justice Department to keep Obama corruption ties out of the election cycle news.””