Mutual Bank, Amrish Mahajan, Richard Barth, FDIC lawsuit, Kenneth J Conner whistleblower vindication, Obama Rezko land deal

Mutual Bank, Amrish Mahajan, Richard Barth, FDIC lawsuit, Kenneth J Conner whistleblower vindication, Obama Rezko land deal

“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

It looks like whistleblower Kenneth J. Conner is being vindicated. Conner was fired after revealing that the appraisal for the lot in the Obama Rezko lot deal was too high.

From the Chicago Tribune October 31, 2011.

“Officers and directors of Mutual Bank issued $10.5 million in
“imprudent” dividends, spent $250,000 of the bank’s money on a
wedding, and paid $495,000 in defense costs for a spouse’s Medicaid
fraud case before the Harvey-based lender failed in July 2009, a
federal regulator alleged last week.

Mutual was the bank that financed the purchase by the wife of
political fundraiser Tony Rezko of a side lot in a deal that enabled
Barack Obama to buy his dream house.
In a lawsuit filed in a U.S. District Court in the Northern District
of Illinois last week, the Federal Deposit Insurance Corp. also
accused the bank of spending $300,000 to hold a board meeting in Monte
Carlo, Monaco.

The FDIC is suing eight former directors, two officers and the bank’s lawyer.

The failure of the $1.7 billion-asset bank, which had 10 branches in
the Chicago area, is expected to cost the FDIC $775 million. From 2005
to 2009, the lender had nearly doubled in size, fueled by what would
turn out to be bad real estate loans, many of which were made to about
15 borrowers. Record-keeping was shoddy, and loan terms were changed
at closing with no board approval, the suit said. Mutual had become a
“lender of last resort for failed real estate projects,” particularly
in the hotel industry, the suit said.

One of the defendants, former bank president and board member Amrish
Mahajan, couldn’t be reached for comment.”,0,3469830.story

From the lawsuit:

“5. Collectively, the Director Defendants and Officer Defendants (“Director and Officer Defendants”) (a) recklessly implemented a strategy of rapid asset growth through approving a high concentration of risky CRE, ADC and out-of-area loans to a small concentration of high-volume borrowers; (b) failed to implement appropriate underwriting and credit administration practices; (c) ignored the Bank’s loan policies; (d) ignored federal lending regulations; and (e) disregarded warnings from the Bank’s regulators regarding the Bank’s lending activities.”

The name Mahajan may ring a bell.  Richard Barth may not. This should help.

From Citizen WElls August 22, 2011.

“A former state contractor with close ties to ex-Gov. Rod Blagojevich
plans to enter a guilty plea Monday, more than four years after she
was charged with bilking the state out of $2 million for drug tests
that were never performed, said a source with knowledge of the case.

Anita Mahajan, the wife of a major Blagojevich fundraiser, was charged
in May 2007 with theft and fraud, based on allegations that her
company, K.K. Bio-Science, submitted bogus bills for drug screenings
for clients of the Illinois Department of Children and Family

Elections Prosecutors also accused Mahajan of laundering money taken
from the alleged fraud and using it to buy properties in Chicago and
New York.”

“Mahajan is the wife of Amrish Mahajan, a former head of the defunct
Mutual Bank of Harvey who was called “Uncle Amrish” by Blagojevich’s
children. He held events for Blagojevich and raised at least $500,000
for the former governor’s campaigns. The Mahajans also hired Patricia
Blagojevich for several real estate deals that netted the former first
lady more than $113,000 in commissions.”

Kenneth J Conner whistleblower lawsuit

“9.  In June, 2005, Mutual Bank President and CEO Amrish Mahajan and
other Mutual Bank officers 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

“12.  Conner notified Richard Barth and James Murphy orally of his ARR
findings and Conner’s ARR was filed in the “Rezko 5050 Greenwood” loan
file at Mutual Bank.”

“13.  In addition to Conner’s ARR stating that the Adams Appraisal
overvalued the 5050 S. Greenwood property, Conner had reported on
other occasions that Adams Valuation Corporation had overvalued real
estate subject to Mutual Bank loan underwriting valuation.”

“14.  On or about October 19, 2006, Mutual Bank received a Grand Jury
Subpoena (GJS) requiring Mutual Bank to produce the Rezko 5050
Greenwood loan file, as well as a Rita Rezko Riverside District
Development LLC checking account and loan file. Electronic mail
(email) communications about the subpoena were circulated to Mutual
Bank officers and attorneys, including Amrish Mahajan, James Murphy
and Conner. A copy of an October 19, 2006 email string pertaining to
the Rezko GJS is attached as Exhibit F. On information and belief,
Conner’s ARR was removed from the Rezko 5050 Greenwood loan file prior
to the submission of that file pursuant to the GJS, and in it’s place
Mutual bank submitted an appraisal checklist which was purportedly
dated “06/15/05″ from Senior VP James P. Murphy (Murphy Checklist). A
copy of the Murphy Checklist is attached as Exhibit G.”

“16.  In 2007, Conner observed that his ARR of the 5050 S. Greenwood
property was not in the Rezko 5050 Greenwood loan file and in it’s
place was the Murphy Checklist purportedly dated “06/15/2005.”…On June
18, 2007, Conner sent an email to James Murphy which provides, in
part, “I spent time trying to track down work of mine that should be
in a particular high profile loan file, though it is not–having been
replaced by a checklist.””

“17.  In October, 2007, Conner had various communications with Mutual
Bank’s Human Resources Department representative, Lana Schlabach. In
an email communication of October 15, 2007, Conner directly referenced
“Resentment over my mentioned discovery of the removal/replacement of
an appraisal review that I conducted. That appraisal review contained
substantial observations and suggestions. The transaction and parties
involved were high profile in the media.I am under the impression that
the FBI has since looked at the file.””

“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 the Washington Times November 4, 2008.

“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.””

There is one more event which must take place to vindicate Kenneth J. Conner. That is the indictment and arrest of Barack Obama.

42 responses to “Mutual Bank, Amrish Mahajan, Richard Barth, FDIC lawsuit, Kenneth J Conner whistleblower vindication, Obama Rezko land deal


    Ron Paul
    October 31, 2011

    “Ron Paul is America’s leading voice for limited, constitutional government, low taxes, free markets, sound money, and a pro-America foreign policy.”

    Ron Paul Declare Victory Bring Them Home!


  2. Ron Paul in San Francisco – Amazing Speech!

    * * * *

    “A Journey Into Slavery” – Alex Jones Sunday Edition

    The Alex Jones Channel
    October 31, 2011

    “A Journey Into Slavery” – Alex Jones Sunday Edition 1/5

    Four More “A Journey Into Slavery” Video Parts Are Here:

  3. Mr. Bill(ms. helga)

    Another Halloween Chicago Horror Story –

    The Malcomb X Connection

  4. I am out of outrage.

    No doubt B-HO is a criminal as are his followers.

  5. Sabatoge/ Fraud ?

    Why did Corzine ( d-rat NJ ) risk all that money when know one else would?

    [The bankruptcy ended one of the most harrowing weekends on Wall Street since Lehman Brothers on Sept. 15, 2008 imploded on worries that it was choking on toxic mortgage debt.
    Three years later, Corzine — a former Goldman Sachs CEO — was pounding the phones this past weekend in an attempt to secure a white knight to purchase all or parts of MF Global after concerns about the broker-dealer’s exposures to some $6.3 billion in European sovereign debt decimated its shares in a wild week off trader for the firm that saw it lose three-quarters of its equity value.
    For Corzine, 64, the bankruptcy is another knock on his reputation after choosing to dial up European risk at MF Global when other larger firms had grown weary.]
    Read more:


    This Week’s Guest: Ruth Fazal
    October 31-November 6, 2011

    “Ruth Fazal was actually handed a violin bow from Jesus. Now when she plays her violin, people are physically, emotionally and spiritually healed.”


    A transcript of this video above is here:


    ” [music] SID: My guest was actually handed a violin bow from Jesus. Now when she plays people are physically, emotionally and spiritually healed.

    Is there a supernatural dimension, a world beyond the one we know? Is there life after death? Do angels exist? Can our dreams contain messages from Heaven? Can we tap into ancient secrets of the supernatural? Are healing miracles real? Sid Roth has spent over 35 years researching the strange world of the supernatural. Join Sid for this edition of It’s Supernatural.

    SID: Hello. Sid Roth here. Welcome to my world where it’s naturally supernatural. My guest, when she plays the violin, people have face-to-face encounters with God. She literally prophesies over people when she plays her violin. You’ll see what I mean. At age 9, she started playing, and studied in Paris. She also played for the Toronto Symphony. And Ruth Fazal, it seems to me a turning point in your life was when you went to the Toronto Airport Church and there was a time in which you were presented a bow of a violin. Tell me about that.”


    “SID: But then a couple of years later, he explained.

    RUTH: Yeah. I was home. It was just a regular normal morning. I had just taken my daughter to school. I came home and I just felt like the Lord said to me, “Ruth, it’s time for a new bow.” And I’m thinking, you just gave me a bow. So anyway, then He said, “Reach out and take it.” So I put my hands up to take this bow and it’s like I received it. It was the weight of it, like a good kind of a weight, not a bad weight, like the Glory, the weight of Glory.

    SID: It was an anointing. It was the Glory. But I think there was a responsibility also handed to you with this mantle. Did He speak to you and what did He say?

    RUTH: Yes, He did. He said, “Ruth, this bow is bow of healing, righteousness and forgiveness.” And like most things, you know, for me, when God first speaks to me I always have to try to figure out what’s He say. Healing, I can sort of understand that because I was already seeing those kinds of things happening when I was playing. Righteousness. What’s that all about? Forgiveness. Yeah. I’m starting to understand those other two much better now.

    SID: When we come back, you’re going to find out when she plays over Holocaust survivors what happens. But Ruth, I’d like you to go up to the music stand and I’d like you to, you see, she plays spontaneous music. She’s going to play a selection called “Dawn.”

    The transcript is here of the above “SID ROTH – IT’S SUPERNATURAL” Christian TV program:

    * * * *

    “Want to learn more? Listen to Ruth’s in-depth 5-day radio interview with Sid here:


    This Guest: Ruth Fazal
    August 1-5, 2011 — Show 1759

    “Ruth Fazal was actually handed a violin bow from Jesus. Now when she plays her violin, people are physically, emotionally and spiritually healed.”

    * * * *

  7. Whiny little Biatch in is craving for some attention.

    Hey B-HO sycophants, we get it you have zero respect for the Constitution.

  8. in is


    * * * *





    “Confronting Fear – Pt 1 The Bible says we are not supposed to live with a spirit of fear (see 2 Timothy 1:7). Discover how to face your fears and walk in confidence and peace of mind.”

    * * * *

    Here are Parts 2, 3, 4 of this OUTSTANDING TEACHING:

    “PART 2: NOV 01 CONFRONTING FEAR – Pt 2”–_Pt_2__

    “Fear will prevent forward progress, but you can choose to keep going no matter what fears you encounter. Get the determination to keep moving forward!”

    Part 3: NOV 02 – CONFRONTING FEAR – Pt 3:–_Pt_3__

    “Anyone can give up, but it takes courage for someone to keep going even in the middle of an attack of fear. Learn how to conquer your fears and press on!”

    Part 4: NOV 03 – CONFRONTING FEAR – Pt 4:–_Pt_4__

    “Anyone can give up, but it takes courage for someone to keep going even in the middle of an attack of fear. Learn how to conquer your fears and press on!”

    * * * *

  11. “THE WAR FOR MAN’S SOUL – Pt 1”


    Joyce Meyer:

    “Ever feel like you’re in a game of tug-of-war? God is pulling your spirit, but Satan is pulling your soul. Discover how to listen to your spirit.”’s_Soul_–_Pt_1_

  12. B-Ho \ Hillary Fast and Furious Scandal
    Senate (D-rats) will try and save AG next week.

  13. Caller ‘Mike’ explains Justia scrubbing on air. What was scrubbed?




    “ANGELS & DEMONS – Parts 1 & 2 – Series”

    Offer # S-1006 – CD’s $7, DVD’s $15


    “EXPOSING & EXPELLING DEMONS – PART 3” – Offer # 1101

    Listen to the Outstanding Prayer John prayed here to ALMIGHTY GOD in the Almighty Authority Of Jesus Christ The Lord, & In The Almighty Name of Jesus Christ The Lord, To Cast Demons OUT of the demon possessed lady who stood in front of John Hagee. In The Mighty Authority Of Jesus Christ The Lord!! Starting at approx. 6 min. mark.

    Please watch this entire Christian Teaching video!!

    We The People MUST pray this prayer and MANY other prayers for Soebarkah – Barry Soetoro, Ahmadinejad, Soros, and others 24/7/365!!


    There are Two other “Must Hear” Parts Of this Christian Teaching Series.

    GO TO:

    I will try to POST the two other parts of this Outstanding Christian Sermon Series.

    * * * *


    Oct 6, 2011

    John Hagee talks about the recent outrageous Supreme Court 5/4 decision that ordered California to release more than 40,000 criminals into the USA. The Supreme Court has demonstrated consistently they have more concern with protecting criminal’s with civil right’s protections than being concerned with doing their appointed jobs to protect the safety of law-abiding USA American citizen’s civil right’s protections in the USA!!

  16. Liberalism Destroys Families and Nations
    The stated agenda of the left includes destroying the American family and undermining the values of our culture. After the 2008 election I realized that my own children had been led away to disaster by the “Pied Piper” of socialism and political correctness. The below letter is a response from a friend who had his own family torn apart by modern “liberalism”. He also offers a source for a way to way to break the spell of the Pied Piper.

  17. Sheriff Joe Arpaio’s Cold Case posse release their findings.

  18. The posse also is looking at records pertaining to Obama’s birth narrative that suggest Barack Obama Sr. may not be the biological father.

    Read more: Sheriff Joe’s posse delivers promised Obama surprise

  19. I don’t know if anyone heard RINO Karl Rove on O’Reilly tonight, but it was more than I could take. Of course, he was asked about the allegations against Herman Cain, but when Rove said, in reflection, that we expect good character (or something to that effect) from our presidents, I nearly gagged. His voice has been silent over all of the dishonesty and concealment of Obama’s birth issues, false social security numbers, etc. They (Repubs) ALL know it and yet hide it.

    In all honesty Rove did launch an attack against Obama with respect to failing to keep his word on policy issues, but the character part of Obama and his deception concerning eligibility are strangely off limits.

  20. Re Mr Rove who shared several emails with me regarding NBC. I sent him the link to Dr Kate’s brilliant article and followed with this:
    “You will soon learn of the magnitude of the wrath of right leaning patriots in response to your intemperate remarks calling us idiots. This article by Dr Kate is accurate and quite unflattering. You have lost the capacity to lead the narrative on Fox or any other media venue. Most unfortunate for you, I suspect your book sales will plummet.”
    His web page, innundated by outraged patriots, now sends robotic responses. Mr Rove has lost credibility with Americans. He is pushing Romney and should not be heeded with respect to any matter.

  21. On Hannity, Coulter rips on the lynching of Cain by Democrats, just as they did under Jim Crow. Cain is an authentic Black American, unlike Obama who is half white and son of a Kenyan. Stopped short of suggesting Obama not born in America. But a powerful condemnation of Democratic racism rooted deeply in our past. They are terrified of the rise of a strong Black leader who is not a Democrat.

  22. Bill G – I appreciate your comments. Now I do remember that you, I believe, posted here sometime ago about your interaction with Mr. Rove. That was a great e-mail you sent him. He is without excuse!

    I was glad to hear Ann Coulter’s response to the lynching of Cain. Sometimes she takes an opposite viewpoint, but she was accurate on this tonight.

  23. NOT only was the plot of land over priced, Rita Rezko didn’t qualify for the loan….Her husband was broke, they had no equity (in their home or anything else) and Rita was making around $35,000. at the time of the loan…IF this land deal was anyone else? God forbid a Republican, the SunTimes would have put their name in the head line…

  24. Bessie.
    You must have read my mind.
    I was just dredging up some old records on that.

  25. In regards to B.O. birth certificate; I am the same age as Barack and back in the 1960’s it was still not “common place” to see a black man with a white women….IF you were a nurse or a dr. and you were delivering a white womens black baby, you would think you would remember…Maybe it was more common in Hawaii???

  26. Mr. Bill(ms. helga)

    Bessie – Here is an interesting take on the Chicago home of the USURPER.

  27. Citizenwells, it was not just Saddam Husseins money Nadmi Auchi was accused of banking but Col Gaddafi’s as well…
    Nadmi Auchi loaned Tony Rezko $3.5 Million in April 2005….$11 million in September of 2005….and $3.5 million in September of 2007 was the one that got his bail revoked for not reporting it to the feds…
    It was rumored that Daniel Frawley reported this loan to the feds and we now know that he was acting as an informant as of March of 2006…Rezko already knew by this time that Stuart Levine was the feds witness against him…

  28. JustiaGate: CEO Tim Stanley Admits Publishing “Mangled” Supreme Court Opinions – The Oyez Connection – SCOTUS Response.
    Posted in Uncategorized on October 31, 2011 by naturalborncitizen

    On Oct. 24, 2011, in an interview with CNET, Justia CEO Tim Stanley finally spoke publicly to address JustiaGate. This was four days after the release of my report concerning 25 US Supreme Court cases scrubbed by Justia at their “Supreme Court Center”. Stanley admitted that the cases identified in that report had, in fact, been published in a corrupted manner. The CNET report also indicates that the corruption of data was more widespread than we knew: Read more

  29. Pingback: FDIC Mutual Bank lawsuit reveals Rezko Obama corruption, Kenneth J. Conner lawsuit, Amrish Mahajan, Richard Barth, Where did Rezkos get the money? | Citizen WElls

  30. Bessie.

  31. Here is still another ridiculous acts from the Energy czar. In addsition to the Solyndra scandal we now have another…..Beacon Energy was LOANED $45,000,000.00 to build a 20 megawatt generating plant,instead of building the plant they filed for bankruptcy. So far that is $545,000,000 put down the tube by a Soetoro czar. I am wondering when he is going to stop throwing away taxpayer money. Somebody better get Soetoro our of office soon otherwiswe the US will be TOTALLY BANKRUPT SOON. At which point everything stops.


  33. Herman Cain has now felt the opening salvo of the POLITICO onslaught. You can be sure that there are more FANTASYLAND,DREAMED UP CRAP COMING HIS WAY. Politico is a wing of the LIBERAL LEFT LUNATICS. Politico has refused to go into details regarding their allegations against Cain. This says that once again the DUMMY DEMOCRATS have shot themselves in the foot. Typical when you have such people GRABBING AT STRAWS IN THE WIND. This WILL REBOUND ON THE PERPETRATORS. It could be made to rebound on them with an intensity that would give them cause to check the accuracy of their BS in the future before they PUBLISH IT in the PUBLIC DOMAIN.

  34. Cainj is believeable regarding his statement about what occurred. Most CEOs have a General Consul. Much of how it was handled was done via the General Consul,and the human resources departments of the National Restaurant Association. I personally believe what Cain has said. Also Cain would be justified in bring a civil action against Politico. The two women who cooked up their stories were trying to hit at Cain, for contrived reasons,not valid reasons.

  35. NOT CAINJ………….just CAIN sorry

  36. Bob Strauss………………….
    I have read that Onez is the recognised mouthpiece of the SC. Now that Justia has included ONEZ in the corruption, perhaps the SC will take some sort of offense to the MANGLING of the SC decisions on file with Justia and Onez. I would love to see a size 12 footprint on the backside of the Justia CEO.

  37. Stanley is a Soetoro supporter!

  38. Pingback: 2011 Obama corruption ties, Rezko Levine Blagojevich Cellini Frawley, Fitzgerald and Justice Department protect Obama, 2011 review | Citizen WElls

  39. Pingback: Patrick Fitzgerald pawn idiot or corrupt?, Fitzgerald aggressively prosecuted Republicans, Fitzgerald arrested Blagojevich after 2008 election, Obama protected | Citizen WElls

  40. Pingback: Obama wheels of justice turn slow or stop, FDIC lawsuit against Amrish Majahan Mutual banck, Rezko loan for Obama lot, Kenneth J. Conner lawsuit | Citizen WElls

  41. Pingback: Kenneth J. Conner Qui Tam whistleblower lawsuit unsealed, Mutual Bank officers, Amrish Mahajan, Rezkos lot purchase, Adams Valuation corp, False statements and omissions | Citizen WElls

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