By MIKE ROBINSON 2 hours agoCHICAGO (AP) A day after Barack Obama sealed the Democratic nomination for president, a corruption scandal involving a fundraiser who helped bankroll his past campaigns resurfaced to slightly dampen the festivities.
Chicago businessman Antoin "Tony" Rezko, 52, was convicted Wednesday of fraud, money laundering and aiding and abetting bribery in a plot to squeeze illegal payoffs out of firms hoping to do business with the state.Today's verdict and Obama's friendship with Rezko raises serious questions about whether he has the judgment to serve as president," Robert M. "Mike" Duncan, chairman of the Republican National Committee, said in a statement.
Rezko's $8 million bond was revoked and he was taken into federal custody after the verdict in the nine-week trial that exposed a corrupt culture of payoffs and campaign finance abuses plaguing Illinois politics.
Rezko has known Obama since he entered politics. He donated more than $21,000 to his campaigns in Illinois and raised far more, though he did not donate or raise money for his presidential bid. The two were also involved in a real estate deal together.
Obama has donated $150,000 in Rezko-related contributions to charity.Rezko, a Chicago real estate developer and fast-food entrepreneur, was convicted of six counts of mail fraud, six counts of wire fraud, two counts of aiding and abetting bribery and two counts of money laundering. more at link:
http://ap.google.com/article/ALeqM5iQRxkYTsoPZU4eCBGiXoTgkGtScAD9140CHO1