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Thursday, June 05, 2008

Tony Rezko convicted of corruption

Any long time reader of this blog (thanx, sis!) is familiar with Tony Rezko. Mr. Rezko is a long time associate of Barack Obama, and a long time fund raiser for current governor of Illinois, democrat Rod Blagojevich.

Rezko's guilty verdict on 16 of 24 corruption counts could have broad repercussions for Blagojevich, who made Rezko a central player in his cabinet. It could also prove a political liability for U.S. Sen. Barack Obama, who once counted Rezko as a friend and fundraiser, as the likely Democratic presidential nominee heads into the general election campaign against Republican John McCain.

The jury convicted Rezko of 12 counts of wire and mail fraud, two counts of money laundering and two counts of aiding and abetting bribery.

Rezko befriended many Illinois politicians and was a major fundraiser for some, most prominently Blagojevich and Obama. The criminal charges against Rezko had nothing to do with his connection to Obama. But that link still proved a nagging headache for Obama during his Democratic presidential run, especially in the wake of Tribune revelations that tied Rezko to a 2005 real estate deal involving Obama's South Side home.

We haven't heard the last of this mess. Trust me.