It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
For the first time, Democratic White House hopeful Barack Obama has surfaced in the federal corrupton case against his longtime campaign fund-raiser, Tony Rezko, the Chicago Sun-Times has learned.
Obama is not named in the Dec. 21 court document. But a source familiar with the case confirmed that Obama is the unnamed “political candidate” referred to in a section of the document that accuses Rezko of orchestrating a scheme in which a firm hired to handle state teacher pension investments first had to pay $250,000 in “sham” finder’s fees. From that money, $10,000 was donated to Obama’s successful run for the Senate in the name of a Rezko business associate, according to the court filing.
Obama’s relationship with Rezko grew closer in June 2005, when Obama and Rezko’s wife bought adjoining real estate parcels from a doctor in the South Side Kenwood neighborhood. Obama paid $1.65 million for the doctor’s mansion, while Rezko’s wife paid $625,000 for the vacant lot next door. Obama’s purchase price was $300,000 below the asking price; Rezko’s wife paid full price. Six months later, Obama paid Rita Rezko $104,500 for one-sixth of the vacant lot, which he bought to expand his yard. In November 2006, he expressed regret about the transaction.
The parcel (land) included an adjacent lot which Obama told the Chicago Tribune he could not afford because "it was already a stretch to buy the house."
On the same day Obama closed on his house, Rezko's wife bought the adjacent empty lot, meeting the condition of the seller who wanted to sell both properties at the same time.
Originally posted by bigbert81
Hmmm, I find it very interesting that when you Google this, you get lots of results saying that this source accusing Obama has had drug problems throughout, and has been ordered to submit to a drug test.