Obama related corruption cases alive, Blagojevich appeal and FDIC v Mutual Bank Amrish Mahajan et al, Tony Rezko corruption cronies, Thursday May 29, 2014 1:11-cv-07590 FDIC case magistrate status hearing and motion hearing

Obama related corruption cases alive, Blagojevich appeal and FDIC v Mutual Bank Amrish Mahajan et al, Tony Rezko corruption cronies, Thursday May 29, 2014 1:11-cv-07590 FDIC case magistrate status hearing and motion hearing

“Why wasn’t Rod Blagojevich, Governor of IL, prosecuted before Tony Rezko, a businessman?”…Citizen Wells

“Why was Tony Rezko’s sentencing delayed?”…Citizen Wells

“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

 

 

Two cases still alive in federal court in Northern Illinois touch Obama and Obama’s Chicago corruption ties to Tony Rezko.

The Blagojevich appeal still drags on even though the feds began investigating him late in 2003.

The FDIC case against Mutual Banks officers, president Amrish Mahajan et al is still alive.

Mahajan has been barred from banking.

From the US District Court Northern District of Illinois.

The FDIC lawsuit against Amrish Mahajan, former president of Mutual Bank, et al is scheduled for a magistrate status hearing and motion hearing in the courtroom of Judge Young B. Kim  on May 29, 2014. Mutual Bank loaned Rita Rezko the money for the lot that was purchased by the Obama’s. It is also the bank that fired whistleblower Kenneth J. Conner after he questioned the appraisal of that lot.

Daily Calendar

Thursday, May 29, 2014 (As of 05/28/14 at 02:52:28 PM)

Honorable Young B. Kim Courtroom 1019 (YBK)

1:11-cv-07590 Federal Deposit Insurance Corporatio 08:30 Magistrate Status Hearing

1:11-cv-07590 Federal Deposit Insurance Corporatio 11:00 Motion Hearing

http://www.ilnd.uscourts.gov/home/DailyCal/0.htm

From Citizen Wells June 5, 2012.

The Obama camp, with the full cooperation of the mainstream media and US Justice Dept., has done their best to distance Obama from his numerous close corruption ties in Chicago and Illinois. The delayed and dragged out prosecution of Rod Blagojevich with his mutual ties to Tony Rezko, the failure to call Rezko as a witness and the dropping of counts against Blagojevich that are most damning for Obama, is one good example.

With the best attempts to divert attention away from Obama’s corrupt past, the Ghosts of Obama’s Christmas past continue to linger.

From an article written by truthteller and presented on NoQuarter USA on October 12, 2008.

“”Because I tend to rely on evidence and not on hearsay, I believe we should focus our attention on Amrish Mahajan and the Mutual Bank of Harvey, not on Giannoulias and the Broadway Bank, if we are to assign names to the financial institution about which Sneed of the Chicago Sun-Timeshas heard “rumblings.” Although Mahajan is not known to readers ofNo Quarter and to the national media, I imagine they will desire more information on the unscrupulous banker once they read the information I unpack below the fold. And yes, Obama is involved, deeply involved.”

My interest in Amrish Mahajan and the Mutual Bank of Harvey was picqued by this list of contributors in Rezko’s bundling network provided by the Chicago Sun-Times last March. View the second page of the document, and notice the following entry:

Last name First name Obama donations Rezko connection
Mahajan Amrish $2,500 Banker whose bank loaned money to Rezko companies. The bank also loaned Rezko’s wife money to buy a vacant lot next to Obama’s home.

The data available in the Sun-Times spreadsheet is corroborated by the following data, which is democratically available at the Federal Election Commission‘s website:

MAHAJAN, AMRISH
CHICAGO, IL 60607
MUTUAL BANK

OBAMA, BARACK
VIA OBAMA FOR ILLINOIS INC
12/20/2003 500.00 24020030170
04/14/2004 1000.00 24020461757

Not only was Mahajan a member of Rezko’s bundling network; his bank, the Mutual Bank of Harvey, granted Rita Rezko the $500,000 mortgage she neededin order to purchase the lot on which the Obama mansion in Chicago sits. As many of you may recall, the Obamas could not have purchased the mansion they could not afford unless transactions for the mansion and the lot closed on the same day. Obama needed to locate someone who would buy the lot, and he approached Rezko, the convicted slumlord with whom Obama toured the property before they mutually agreed to the following arrangement:

The home and lot sales closed on June 15, 2005. A land trust controlled by the Obamas bought the house for $1.65 million, and the Obamas secured a $1.32 million mortgage from Northern Trust to complete that purchase. That same day, Rezko’s wife, Rita Rezko, bought the side lot for $625,000. A $37,000- a-year Cook County employee, she secured a $500,000 mortgage from Mutual Bank of Harvey.

The structure of this transaction begs the following question: What bank would lend a government employee who earns $37,000 per annum a $500,000 mortgage? What bank would assume such a risk?

The Mutual Bank of Harvey, of course, for the Mutual Bank of Harvey’s President is a man who is deeply connected to the Chicago machine that backed Barack Obama. Indeed, Amrish Mahajan was one of Mayor Daley’s first political appointments in 1989, when he was named to a seat on Chicago’s Plan Commission, where he would be joined by Obama’s former boss and Rezko’s business partner Allison Davis and by Valerie Jarrett, Daley’s Chief of Staff whochaired the Commission from 1991-1995. Mahajan, in other words, worked with those who devised and profited from Daley’s failed public housing experiment in Chicago, a public housing policy Obama helped fund as state Senator and US Senator.

Rezko, according to the Boston Globe, was one of the major beneficiaries of Obama’s legislative advocacy for funding of Daley’s public housing experiment. Other major beneficiaries are Jarrett and Allison Davis. Mahajan was also a beneficiary, for his bank had made $3.4 million dollars in loans to Tony Rezko’s slum landlord business since 2002. A banker for one of the slumlords who benefitted from the Daley housing program Obama helped bankroll, Mahajan was returning a favor when he wrote a $500,000 mortgage in 2005 for the wife of one of his clients. Although Tony’s financial problems were mounting in 2005, and although Rita earned only $35,000 per annum, Mahajan underwrote the mortgage. Favors must be reciprocated, I guess, especially when one can satisfy two parties at once: the person with whom one has a complicated relationship in real estate and the politician who helped finance that complicated relationship as state Senator and US Senator.

I doubt federal investigators are interested in the Mahajans solely for their involvement in the property deal involving Obama, Mahajan and the Rezkos. The Mahajans, I believe, are the foci of their probe for many reasons.

The real estate transaction involving Rita Rezko, the Obamas and Mutual Bank of Harvey is just the tip of the iceberg. Indeed, the Mutual Bank of Harvey seems to be at the center of all the corruption in Chicago. To quote former Donald Perillo, Chicago insurance mogul and son of the lawyer for Al Capone, in the Chicago Tribune article I cite above:

Donald Parrillo said he isn’t surprised to see Mahajan mix it up with politics and business. “He got that attitude from the Parrillo family,” the former alderman said. “He wanted to get in the game.”

And Mahajan certainly is in the game. The banker of the Chicago machine, he is also the man who wrote the mortgage for Rita Rezko that facilitated Obama’s purchase the mansion he could not afford. This is why I believe prosecutors are interested in Harvey Mutual Bank. Not only did Rezko receive loans from this institution; this bank is heavily involved in problematic real estate dealings involving Blagojevich and Obama. And if I may quote Rezko in the 9 JUN letter he wrote to Judge Amy St. Eve:

Your Honor, the prosecutors have been overzealous in pursuing a crime that never happened. They are pressuring me to tell them the “wrong” things that I supposedly know aboutGovernor Blagojevich and Senator Obama. I have never been party to any wrongdoing that involved the Governor or the Senator. I will never fabricate lies about anyone else for selfish purposes. I will take what comes my way, but I will never hurt innocent people. I am not Levine, Loren, Mahru , or Winter.”

Rezko is now talking, and prosecutors are presently interested in a politically connected financial institution. I bet Obama now regrets paying Rita Rezko $104,500 for the strip of the land in the lot on which his house sits in January 2006. Acquired with the assistance of a questionable $500,000 mortgage from Amrish Mahajan’s Mutual Bank of Harvey, this lot and Obama’s desire to expand his yard by bit was the catalyst for all the investigative reports into Obama’s deep ties to Rezko. By the way, Rita’s lot is only accessible through the front gate of Obama’s home; it is not a separate property, and it was never intended to be a separate property.

“It was a mistake to have been engaged with him at all in this or any other personal business dealing that would allow him, or anyone else, to believe that he had done me a favor,” Obama says of the real estate transactions with Rezko. I wonder if now he also believes it was a mistake for him to serve as the legislator who represented and bankrolled Richard Daley, Amrish Mahajan, Valerie Jarrett, Allison Davis and the Chicago Plan Commission. But at least he and Michelle have a house, a house the Mutual Bank of Harvey, the politically connected bank that wrote loans for Rezko, helped them procure in 2005. Too bad that house will be the end of Barack Obama.

obama-home.jpg

http://www.noquarterusa.net/blog/5382/about-the-financial-institution-mentioned-in-the-sun-times-obama-tony-rezko-amrish-mahajan-the-kenwood-mansion-rita-rezko/

From Citizen Wells November 1, 2011.

“Here is what we know about the purchase of a lot by Barack and Michelle Obama from Rita Rezko in 2006:

1. “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.” (Conner lawsuit)

2. “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.”
(Conner lawsuit)

3. “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.” (Conner lawsuit)

4. “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.” (Conner lawsuit)

5. “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.”” 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.” (Conner lawsuit)

6. “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.” (Conner lawsuit)

7. The FDIC has filed a lawsuit against Mutual Bank, Amrish Mahajan, Richard Barth, et al.”

https://citizenwells.wordpress.com/2011/11/01/fdic-mutual-bank-lawsuit-reveals-rezko-obama-corruption-kenneth-j-conner-lawsuit-amrish-mahajan-richard-barth-where-did-rezkos-get-the-money/

From ABC News Chicago August 22, 2011.

“Anita Mahajan, a Chicago businesswoman with ties to former governor Rod Blagojevich, pleaded guilty to bilking the state of Illinois by submitting bogus bills.

“I’m sorry,” Mahajan said in court Monday while pleading guilty to felony theft for pilfering about $100,000 in taxpayer money through her drug-testing company, K.K. Bio-Science. That company is now defunct.

The 60-year-old received four years of probation, agreed to pay $200,000 in fines and perform 1,500 hours of community service.

Mahajan’s husband, Amrish, was a banker and significant fundraiser for Blagojevich. Also, Blagojevich’s wife, Patti, made more than $100,000 in commissions handling real estate deals for the Mahajans in 2006, which caused a stir in the Blagojevich re-election campaign. The following year, Mahajan was charged with cheating the state of out of $2 million for drug tests that were never performed.

“People of this state were being cheated,” Dick Devine said in 2007 when he was the state’s attorney while announcing a seven-count indictment against Mahajan. The attorney general sued to recover the state’s lost money.

Four years later, Mahajan pleaded guilty to a single, reduced charge of theft instead of the felonies that would have sent her to prison for at least six years.

“Anita Mahajan is another example of the collateral damage that’s been left in the wake of the Rod Blagojevich Tsunami,” Steve Miller, Mahajan’s attorney, said.””

http://abclocal.go.com/wls/story?section=news/local&id=8320596&rss=rss-wls-article-8320596

From the FDIC lawsuit against Amrish Mahajan, et al.

“6. The Director Defendants also wasted corporate assets and drained the Bank’s capital by…(c) authorizing $ 495,000 in “bonuses” to pay for the criminal defense costs for the Defendant Amrish Mahajan’s wife who was indicted for Medicaid fraud”

“32. The Director and Officer Defendants failed to establish procedures that would have lessened the risks of the Bank’s improvidant lending practices. The terms of transactions were not accurately documented. Status reports were missing so that records of how an asset was progressing were not available. Terms of loans were changed at closing without board or loan committee approvals or any rcord in the file. Loan guarantees were frequently missing from the files. Appraisers were retained by brokers with an interest in seeing transactions consummated, not by the bank. Appraisals were often received after the loan was funded. Loans were typically non-recourse and dependent on guarantor abilities to repay in the event that the collateral was insufficient. Yet, little or no attention was paid to whether guarantors had sufficient liquidity to protect the Bank’s interest; the officers and the Board did little or no analysis of guarantor or borrower financial strength.”

http://www.courthousenews.com/2011/10/26/FDIC.pdf

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.””

http://www.washingtontimes.com/news/2008/nov/04/fbi-asked-questions-on-rezko-land-deal/

Obama’s Rezko problem is not going away.

 

 

 

 

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14 responses to “Obama related corruption cases alive, Blagojevich appeal and FDIC v Mutual Bank Amrish Mahajan et al, Tony Rezko corruption cronies, Thursday May 29, 2014 1:11-cv-07590 FDIC case magistrate status hearing and motion hearing

  1. Pingback: Obama related corruption cases alive, Blagojevich appeal and FDIC … | citizen-usa.org

  2. OT, but very interesting:

    CA Congressman Dana Rohrabacher: Why Doesn’t Obama have a Valid Social Security Number and Valid IDs?

    On Monday, Taitz said that she had three United States Congressmen, including her own Representative, along with voters who specifically asked questions about Obama’s bogus IDs. In that meeting, it was Taitz’s own Congressman, according to her, who asked the valid question, “Why doesn’t Obama have a valid Social Security number and valid IDs?”
    According to Taitz’s website, Congressmen Dana Rohrabacher “invited Taitz to attend a meeting of activists and patriots, which was held at his home in Costa Mesa, CA.”

    Read more at http://freedomoutpost.com/2014/05/ca-congressman-dana-rohrabacher-why-doesnt-obama-have-a-valid-social-security-number-and-valid-ids/#C5EcpWYFsV5APqi1.99

  3. Furious Veteran Montel Williams UNLOADS On Obama Over VA Scandal

    Read more: http://dailycaller.com/2014/05/28/furious-veteran-montel-williams-unloads-on-obama-over-va-scandal/#ixzz334TG7yuA

    An absolutely livid Montel Williams, who served 22 years in the U.S. Marine Corps and Navy, savaged the government, the Obama administration and the American people over the unfolding Veterans Administration scandal, accusing us all of violating our promise to care for those who swore to protect us.

    The well-known talk show host and (less well-known) veterans’ advocate appeared on Fox News with Neil Cavuto on Wednesday to vent his anger over recent revelations surrounding the treatment of America’s sick veterans by the VA.

    Read more: http://dailycaller.com/2014/05/28/furious-veteran-montel-williams-unloads-on-obama-over-va-scandal/#ixzz334PbR51b

  4. oldsailor81

    ……and now one by one…….two by two the POO-POOers are beginning to see the light……are they finally realising that they could end up at the end of a rope,by supporting a KNOWN CRIMINAL,and are getting really scared?

  5. oldsailor81

    HEY everybody here is one for the books…….A CNN anchor Carol Costello thinks that Moooooochelle has the legal power to sign bills into law. I don’t know where this DIZZY went to GRADE school but she must have slept through all of her classes. In reality no first lady has any authority whatsoever to sign any Congressional bill into law……or any other bill for that matter.Allegedly Moooooochelle is the wife of Barry Soetoro,and that is the limit of her/his legal powers as such. Did you GET THAT …..CAROL?

  6. bob strauss

    Fox News: Dr. Ben Carson Defends Birthers; Obama Release All Your Past Records

    http://www.birtherreport.com/2014/05/fox-news-dr-ben-carson-defends-birthers.html

  7. oldsailor81

    Here is something to think about…..Draft Trey Gowdy to run for POTUS in 2016,and draft Dr.Ben Carson to run for VP. Trey would be in the position to nail the SLIMEY LIBERAL CRIMINALS,and Dr. Carson would be in the best position to FIX ,or rescind the ACA.

  8. oldsailor81

    Good morning CWand everybody!

  9. oldsailor81

    CabbyAZ
    It would appear that Orly hasn’t given up in her quest to expose the BASTARD who is occupying the WHACKEY HOUSE. It seems that she is beginning to get her message across,even if it is mostly LOCAL YOKULS who are playing along. Over my lifetime I have come to realise that anything we set out to do,has many ways in which it can be approached,and/or accomplished if only we take the time to use our God given GOURD,for something other than a hat rack.

  10. oldsailor81

    That complletes my BLATHER binge for today…….have a great day all. Bye bye

  11. citizenwells

    Good morning oldsailor, et al.

  12. Inside the Ring: Directive outlines Obama’s plan to use the military against citizens

    A 2010 Pentagon directive on military support to civilian authorities details what critics say is a troubling policy that envisions the Obama administration’s potential use of military force against Americans.

    ……..The troubling aspect of the directive outlines presidential authority for the use of military arms and forces, including unarmed drones, in operations against domestic unrest.

    “This appears to be the latest step in the administration’s decision to use force within the United States against its citizens,” said a defense official opposed to the directive.

    Directive No. 3025.18, “Defense Support of Civil Authorities,” was issued Dec. 29, 2010, and states that U.S. commanders “are provided emergency authority under this directive.”

    A 2010 Pentagon directive signed by then-Deputy Defense Secretary William J. Lynn details what critics say is a troubling policy that envisions the Obama administration’s potential use of military force against Americans.
    “Federal military forces shall not be used to quell civil disturbances unless specifically authorized by the president in accordance with applicable law or permitted under emergency authority,” the directive states.

    “In these circumstances, those federal military commanders have the authority, in extraordinary emergency circumstances where prior authorization by the president is impossible and duly constituted local authorities are unable to control the situation, to engage temporarily in activities that are necessary to quell large-scale, unexpected civil disturbances” under two conditions.

    The conditions include military support needed “to prevent significant loss of life or wanton destruction of property and are necessary to restore governmental function and public order.” A second use is when federal, state and local authorities “are unable or decline to provide adequate protection for federal property or federal governmental functions.”

    more….

    Read more: http://www.washingtontimes.com/news/2014/may/28/inside-the-ring-directive-outlines-obamas-policy-t/#ixzz3376g1eVk
    Follow us: @washtimes on Twitter

  13. citizenwells

    Rebel.
    A euphonius appellation.

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