Category Archives: Kenneth J Conner

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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Obama Rezko Chicago corruption ties still in news, Mutual Bank v Mahajan update, March 20, 2014, Judge Kendall settlement conference, Obama’s ghosts of Christmas past gathering

Obama Rezko Chicago corruption ties still in news, Mutual Bank v Mahajan update, March 20, 2014, Judge Kendall settlement conference, Obama’s ghosts of Christmas past gathering

“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

We learn much from literature as well as history.

Beware the Ides of March.

Ghosts of Christmas past.

Has Barack Obama learned?

We have another Ghost of Christmas past returning to join the other spirits of Obama’s troubled past.

The FDIC lawsuit against Amrish Mahajan, former president of Mutual Bank, et al is scheduled for a settlement conference in the courtroom of Judge Virginia M. Kendall on March 27, 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, March 27, 2014   (As of 03/20/14 at 05:51:58 AM )

Honorable Virginia M. Kendall               Courtroom 2319 (VMK)

1:11-cv-07590   Federal Deposit Insurance Corporatio   02:00   Settlement Conference

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

From Citizen Wells December 27, 2013.

“The FDIC lawsuit against Amrish Mahajan, et al is still alive.

Amrish Mahajan, the former president of Mutual Bank of Harvey, the bank that loaned Rita Rezko the money to buy the lot subsequently sold to the Obamas, has been barred from banking.

From Chicago Business July 1, 2013.

“Politically connected ex-Mutual Bank president barred from banking”

“Amrish Mahajan, former president of failed Mutual Bank of Harvey and a major fundraiser for imprisoned former Gov. Rod Blagojevich, has been barred from future participation in the banking industry under a newly released regulatory order.”

https://citizenwells.wordpress.com/2013/12/27/amrish-mahajan-obama-rezko-lot-bank-president-barred-from-banking-fdic-receiver-for-mutual-bank-v-mahajan-rita-rezko-loan-kenneth-conner-whistleblower/

Read more about the Mahajan Obama Rezko connection here.

https://citizenwells.wordpress.com/2013/07/09/obama-rezko-lot-transaction-bank-president-mahajan-fdic-lawsuit-motion-hearing-july-10-2013-judge-virginia-m-kendall-rezkos-sold-lot-to-obamas-kenneth-j-conner-whistleblower/

Amrish Mahajan Obama Rezko lot bank president barred from banking, FDIC receiver for Mutual Bank v Mahajan, Rita Rezko loan, Kenneth Conner whistleblower

Amrish Mahajan Obama Rezko lot bank president barred from banking, FDIC receiver for Mutual Bank v Mahajan, Rita Rezko loan, Kenneth Conner whistleblower

“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 Conner after he
challenged the appraisal on the land purchased by Rita Rezko, just
prior to the land sale to Obama?”…Citizen Wells

The FDIC lawsuit against Amrish Mahajan, et al is still alive.

Amrish Mahajan, the former president of Mutual Bank of Harvey, the bank that loaned Rita Rezko the money to buy the lot subsequently sold to the Obamas, has been barred from banking.

From Chicago Business July 1, 2013.

“Politically connected ex-Mutual Bank president barred from banking”

“Amrish Mahajan, former president of failed Mutual Bank of Harvey and a major fundraiser for imprisoned former Gov. Rod Blagojevich, has been barred from future participation in the banking industry under a newly released regulatory order.

Mr. Mahajan consented, without admitting or denying unsafe or unsound banking practices, to a May 1 order by the Federal Deposit Insurance Corp. prohibiting him from participating “in any manner” in the conduct of the affairs of any federally insured institution.

Until early 2009, Mr. Mahajan ran Mutual Bank of Harvey, one of the most active lenders to Indian-American-owned businesses in the Chicago area and an enthusiastic commercial real estate lender in Chicago and other markets around the country. The bank, which had $1.7 billion in assets at its peak, failed spectacularly in 2009, saddling the FDIC’s insurance fund with an estimated $917 million in losses, according to the latest FDIC account. That makes it the costliest Chicago-area bank failure since the beginning of 2009.

Mr. Mahajan is a defendant in an FDIC lawsuit against former officers and directors of Mutual Bank seeking $130 million in damages. That suit, filed in October 2011, is pending and in discovery.”

“Mutual Bank briefly entered the realm of national politics after news surfaced of the bank’s role in financing the purchase of a lot next to the home of then-U.S. Sen. Barack Obama. The Obama family bought part of the lot from the wife of Blagojevich fundraiser Tony Rezko after Mutual Bank lent her $500,000 to purchase the property. Mr. Rezko is in prison on charges of fraud, among other things.”

Read more:

http://www.chicagobusiness.com/article/20130701/NEWS01/130709985/politically-connected-ex-mutual-bank-president-barred-from-banking#

Order to bar Amrish Mahajan from banking.

http://www.scribd.com/doc/151128159/Mahajan-Order

Read more about the Mahajan Obama Rezko connection here.

https://citizenwells.wordpress.com/2013/07/09/obama-rezko-lot-transaction-bank-president-mahajan-fdic-lawsuit-motion-hearing-july-10-2013-judge-virginia-m-kendall-rezkos-sold-lot-to-obamas-kenneth-j-conner-whistleblower/

Obama Rezko lot transaction bank president Mahajan FDIC lawsuit, Motion hearing, June 12, 2013, Judge Virginia M. Kendall, Rezkos sold lot to Obamas, Ghosts of Obama’s past

Obama Rezko lot transaction bank president Mahajan FDIC lawsuit, Motion hearing, June 12, 2013, Judge Virginia M. Kendall, Rezkos sold lot to Obamas, Ghosts of Obama’s past

“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

Lest we forget.

The FDIC lawsuit against Amrish Mahajan, former president of Mutual Bank, et al is scheduled for a motion hearing in the courtroom of Judge Virginia M. Kendall on June 12, 2013. 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

Wednesday, June 12, 2013 (As of 06/12/13 at 05:47:26 AM)

Honorable Virginia M. Kendall               Courtroom 2319 (VMK)

1:11-cv-07590   Federal Deposit Insurance Corporatio   09:00   Notice of Motion

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

FDICvsMahajan130612

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.

							

Obama arrest impeachment resignation imminent?, Benghazi gate IRS gate USDOJ gate, AL VT supreme court eligibility cases, Arpaio investigation, Blagojevich appeal, FDIC Mutual Bank lawsuit

Obama arrest impeachment resignation imminent?, Benghazi gate IRS gate USDOJ gate, AL VT supreme court eligibility cases, Arpaio investigation, Blagojevich appeal, FDIC Mutual Bank lawsuit

“Why has Obama, since taking the White House, used Justice Department Attorneys, at taxpayer expense,  to avoid presenting a legitimate birth certificate and college records?”…Citizen Wells

“The question that I had in my mind, was why did we not do something to protect our forces?”…Charles Woods, father of slain Navy Seal

“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

We seem to be approaching a “perfect storm” of Obama controversies, any of which would have capsized a Republican president.

Obama’s pals in the mainstream media continue to minimize, mis report, under report and rectify news in an effort to protect Obama and themselves.

However, the brewing storm may be insurmountable for even the best Orwellian efforts of the Obama administration and the press.

Citizen Wells reported in 2008 that Obama had to win the election to keep from being prosecuted for Chicago corruption ties and involvement and for fraud in his eligibility and records. The same is true for 2012 and now Obama knows that he needs to maintain some control of congress with the 2014 elections.

That is, if he is still around then.

The spectre of Obama’s arrest, impeachment or resignation is more with us than ever.

Consider the following:

Project Gunrunner, aka Fast and Furious, has not been fully investigated.

Benghazi Gate.

IRS Gate.

USDOJ Gate.

The Sheriff Joe Arpaio investigation into the Obama birth certificate and other records is proceeding.

There are at least 2 eligibility cases active in state supreme courts.

Judge Roy Moore is the Supreme Court chief justice in Alabama. He has already questioned Obama’s eligibility and Mike Zullo of the Arpaio investigation has provided a lengthy affidavit.

Appellant H. Brooke Paige is awaiting decisions from the Vermont Supreme Court on several issues. He has challenged Obama’s natural born citizen status due to the father being Kenyan/British.

The Blagojevich appeal is still in the works. Many believe he expects a pardon or other assistance from Obama.

The FDIC lawsuit against Mutual Bank et al is still alive. This is the bank that loaned Rita Rezko the money for the lot adjacent to the Obama’s that was subsequently sold to them.

One has to wonder that if Obama appears to be in jeopardy if Blagojevich or even Rezko will talk.

Don’t believe Obama can be touched?

From WND May 19, 2013.

“HALF OF AMERICA WANTS OBAMA IMPEACHED”

“The faux stone columns from his Denver acceptance speech are crumbling, the fireworks have fizzled and the unadulterated adulation of Barack Obama is a sour feeling of disillusion, as a new poll reveals half of America wants him impeached, including a stunning one in four Democrats.

“It may be early in the process for members of Congress to start planning for impeachment of Barack Obama, but the American public is building a serious appetite for it,” said Fritz Wenzel, of Wenzel Strategies, which did the telephone poll Thursday. It has a margin of error of 4.36 percent.

“Half or nearly half of those surveyed said they believed Obama should be impeached for the trifecta of scandals now consuming Washington.””
Read more:

http://www.wnd.com/2013/05/half-of-america-wants-obama-impeached/#UqtAiECsPQldPw8Y.99

Rezko for Radicals press release Prweb November 5, 2012, Kenneth J. Conner whistleblower book about Obama Rezko lot purchase, Mutual Bank loan to Rezkos

Rezko for Radicals press release Prweb November 5, 2012, Kenneth J. Conner whistleblower book about Obama Rezko lot purchase, Mutual Bank loan to Rezkos

“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 did the Rezkos enter into an agreement to purchase the lot next to the Obama house and pay the asking price of $ 625,000 at a time when they were broke and heavily in debt?”…Citizen Wells

“I believe I’m more pristine on Rezko than him.”…Rod Blagojevich

I just spoke to Kenneth J. Conner the whistleblower in the Obama Rezko lot purchase and the loan from Mutual Bank of Harvey to Rita Rezko. The press release for his new book “Rezko for Radicals” is live.

From PRweb November 5, 2012.

“Rezko for Radicals Book Highlights Obama Calling the Purchase of his Mansion a ‘Fire Sale’

Rezko for Radicals includes a Tony Rezko prison letter in which Rezko informs his trial judge that feds wanted him to cooperate against Barack Obama

Rezko for Radicals is available on Amazon

Quote startAgents and I talked about payoff, bribe, kickback for a long timeQuote end

Chicago, IL (PRWEB) November 05, 2012

In his new book Rezko for Radicals, author Kenneth J. Conner, formerly a real estate analyst at Tony Rezko’s bank in Chicago, presents a carefully researched and insider accounting of Rezko’s real estate transactions involving Barack Obama. Conner details a meeting with the FBI in October 2007 in which he advised agents that the Rezko lot next door to the Obama Mansion was worth a maximum of $500,000. Rezko paid $625,000. Later it became known that another appraisal valued the Rezko lot at $490,860. (Cook County court case # 2008L011470) abcnews.go.com/images/Politics/doc1%20-%20Copy.pdf

As reported by the Washington Times (p3, November 4, 2008) and online at”

http://www.prweb.com/releases/2012/11/prweb10086337.htm

Rezko for Radicals Amazon E book Kindle edition, November 2, 2012, Obama Rezko lot deal, Kenneth J. Conner author & whistleblower, Mutual Bank loan, Obama Rezko problem

Rezko for Radicals Amazon E book Kindle edition, November 2, 2012, Obama Rezko lot deal, Kenneth J. Conner author & whistleblower, Mutual Bank loan,  Obama Rezko problem

“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 did the Rezkos enter into an agreement to purchase the lot next to the Obama house and pay the asking price of $ 625,000 at a time when they were broke and heavily in debt?”…Citizen Wells

“I believe I’m more pristine on Rezko than him.”…Rod Blagojevich

Obama’s Rezko problem is not going away.

I just spoke to Kenneth J. Conner a few minutes ago. Conner was the whistleblower in the Mutual Bank of Harvey loan to the Rezko’s for the lot next door to the Obama Mansion. Kenneth J. Conner has written a book, “Rezko for Radicals” and it is available as an E book Kindle version on Amazon.com.

“Barack Obama’s arch-criminal friend Tony Rezko paid for $125,000 of the Obama Mansion by overpaying for the vacant land next door. Rezko is serving a 10 1/2 year sentence for other kickbacks and extortion. Barack Obama has yet to be charged. From the real estate analyst at Rezko’s bank, FBI informant Kenneth J. Conner puts the scam and the spin in perspective so as to scathingly, though intellectually honestly, expose Barack Obama as just another crooked politician from Chicago. Tony Rezko isn’t a made man in the mafia. Tony Rezko is his own mafia.”

To learn more:

https://citizenwells.wordpress.com/2012/09/12/rezko-for-radicals-book-kenneth-j-conner-author-and-whistleblower-in-the-rezko-obama-lot-transactions-qui-tam-lawsuit-mutual-bank-of-harvey-adams-valuation-corp/

https://citizenwells.wordpress.com/2012/09/14/obama-facts-september-14-2012-rezko-for-radicals-kenneth-j-conner-qui-tam-lawsuit-against-mutual-bank-personnel-amrish-mahajan-et-al/