Obama mansion, Rezko, William Miceli, Probate Judge Jane L Stuart, Harvey Wineberg, Kenneth J Conner fired
“Why did Mutual Bank fire whistleblower Kenneth J Connor after he challenged the appraisal on the land purchased by Rita Rezko, just prior to the land sale to Obama?”…Citizen Wells
“Why do 3 supporters own Obama’s home?”…World Net Daily
From World Net Daily April 20, 2011.
“This, the first of a series of articles on the Obama home at 5046 S. Greenwood, establishes that three individuals other than Obama are listed in public records as owners and taxpayers on the property.
Barack Obama is not among at least three people listed as current owners and taxpayers of the mansion his family calls home in Chicago’s upscale Kenwood neighborhood, according to public records.
WND reported in December 2008 that William Miceli, the attorney for convicted political operative Tony Rezko and a fundraiser for Obama, owns the Obama home at 5046 S. Greenwood.
Miceli is a lawyer at the Chicago law firm Miner, Barnhill & Galland, which employed Obama when he did legal work for Rezko.
Now, WND has discovered that, along with Miceli, there are at least two other people listed in public records as owners and taxpayers of 5046 S. Greenwood in the South Side neighborhood of Kenwood, an oasis of pricey homes that has attracted professors at nearby University of Chicago.
The Cook County Recorder of Deeds website shows the property was purchased by the Northern Trust Company, with the mortgage recorded Dec. 19, 2005. The records suggest a Northern Trust Company trust, perhaps headed by Miceli, was the deed holder.
There are no Cook County records that show Barack or Michelle Obama own 5046 S. Greenwood Ave., although the likelihood is that the couple are the owners of the Northern Trust Company trust established to buy the property.
Rezko found the new residence for Obama when the Rezko family lived across the street.
In the 2008 presidential campaign, Rezko’s role in the purchase created a scandal that threatened to derail Obama’s presidential hopes. The list price for the home was $1.95 million. But the Obamas reportedly were able to negotiate a price of $1.65 million when Tony Rezko’s wife, Rita Rezko, closed on the purchase of an adjacent vacant lot for $625,000 on the same day. The Obamas later bought one-sixth of the adjacent lot from Rita Rezko, creating a buffer.
Obama was grilled on the transactions before the election in meetings with the editorial staff of Chicago’s two major newspapers, the Sun-Times and the Tribune. He admitted to the Sun-Times that it was a “boneheaded move” but denied he coordinated the purchase with the Rezkos. Critics pointed out that any coordination with supporters would be a clear violation of Senate ethic rules.
Now, a search of records shows that, in addition to Miceli, the Obama mansion is owned by Chicago Probate Judge Jane L. Stuart and Obama accountant Harvey Wineberg, both of whom are paying taxes on the property.
WND was assisted in the inquiry by an expert debt collector who had access to professional databases used by debt collection agencies and skip-tracing companies with proprietary “skip-trace” software designed to find debtors who have attempted to run away to avoid payment.
WND’s source wishes to remain anonymous to prevent the type of retaliation faced by other experts who have been cut off from using proprietary databases in their attempt to search Obama’s records.
The expert lives in the U.S. Southeast and has more than 10 years of experience in the financial and debt collection industries. He describes himself as a libertarian who voted for Obama in 2008, only to become disillusioned with what he sees as attacks on medical freedom in Obama’s health-care reform.”
From the Kenneth J. Connor lawsuit reported at Citizen Wells on February 10, 2011.
“9. In June, 2005, Mutual Bank President and CEO Amrish Mahajan and other Mutual Bank olfficers 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. As part of the Mutual Bank loan underwriting process, Mutual Bank obtained a real estate appraisal from Adams Valuation Corporation (Adams Appraisal) which purported to provide an opinion of value of the subject 5050 S. Greenwood real estate (the collateral for the Rezko loan) at $ 68.76 per square foot. A copy of the Adams Appraisal is attached as Exhibit C. In June, 2005, Rita Rezko closed on the purchase of the 5050 S. Greenwood property at a purchase price of $ 625,000.00 along with the loan from Mutual Bank in the amount of $ 500,000.00 with Mutual bank obtaining a first mortgage lien position on the Greenwood vacant parcel.”
“10. 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. A copy of the Obama/Rita Rezko contract is attached as Exhibit D. As a result of that transaction, the Rezkos requested that Mutual Bank release it’s first collateral position to the ten-foot strip parcel transferred to the Obamas. In that same general time frame, Richard Barth, Mutual Bank Senior VP of construction lending and James Murphy, Mutual Bank Senior VP Internal Auditor/Risk Manager, requested that Conner perform an appraisal review of the Adams Appraisal attached hereto as Exhibit C.”
“11. 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. In that same general time frame an appraisal was performed for the 5050 S. Greenwood property by Howard B. Richter, MAI which valued the 5050 S. Greenwood property at $ 54.00 per square foot but then discounted the ten-foot strip being transferred by Rita Rezko to the Obamas by fifty percent, as the ten-foot strip was unbuildable standing alone…The valuation by the Richter Appraisal for the 5050 S. Greenwood lot was substantially to Conner’s ARR valuation.”
“18. 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.”
From Citizen Wells March 14, 2011.
“A former Illinois real estate specialist says FBI agents have questioned him about a Chicago property that had been bought by convicted felon Tony Rezko’s wife and later sold to the couple’s next-door neighbor, Sen. Barack Obama.
The real estate specialist, Kenneth J. Conner, said bank officials replaced an appraisal review he prepared on the property and FBI agents were investigating in late 2007 whether the Rezko-Obama deal was proper.
“Agents and I talked about payoff, bribe, kickback for a long time, though it took them only a short number of minutes of talking with me while looking at the appraisal to acknowledge what they already seemed to know: The Rezko lot was grossly overvalued,” Mr. Conner told The Washington Times Monday.
“Rezko paid the asking price on the same day Obama paid $300,000 less than the asking price to the same seller for his adjacent mansion,” he said. “This begs the question of payoff, bribe, kickback.””