Skip to content
Obama’s Longtime Friend and Money...

Obama’s Longtime Friend and Money Man Convicted of Corruption

By: Magnolia Tribune - June 5, 2008

Former Obama Fundraiser Convicted of Corruption

Antoin Rezko, a Chicago businessman and longtime fundraiser for Sen. Barack Obama (D-Ill.), was convicted of 16 felony corruption charges Wednesday in a case that alleged influence peddling in the upper reaches of the administration of Gov. Rod Blagojevich (D).

After two months of vivid testimony about political profiteering in Illinois state government, the 12-member jury found Rezko guilty of using his clout as a Blagojevich insider to shake down companies hoping to do business with the state. The 16 counts included fraud, money laundering and abetting bribery. Rezko was acquitted of eight counts, including extortion.

The successful prosecution adds to the pressure on Blagojevich, who rode into office in 2002 with a promise to end corruption in Springfield, the state capital. His Republican predecessor, George Ryan, was convicted of corruption in the same Chicago courthouse in 2006.

“It’s another chapter in the sad history of Illinois government,” Jay E. Stewart, executive director of the Better Government Association, told reporters. “I don’t think this is the ‘No more business as usual’ we were promised when Rod Blagojevich became governor back in 2002. He can’t blame this on George Ryan.”

“I’m saddened by today’s verdict,” Obama said in a statement Wednesday. “This isn’t the Tony Rezko I knew, but now he has been convicted by a jury on multiple charges that once again shine a spotlight on the need for reform.”

Washington Post

About the Author(s)
author profile image

Magnolia Tribune

This article was produced by Magnolia Tribune staff.