Tag Archives: Kenneth J Conner lawsuit

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

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

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

“Why do the wheels of justice become mired or stopped when a case touches Obama?”…Citizen Wells

The wheels of justice turn very slowly when the case touches Obama. It some cases the wheels of justice stop, as in the case of the New Black Panther Party.

From Citizen Wells July 31, 2012.

“Federal Court finds Obama appointees interfered with New Black Panther prosecution”

“A federal court in Washington, DC, held last week that political appointees appointed by President Obama did interfere with the Department of Justice’s prosecution of the New Black Panther Party.

The ruling came as part of a motion by the conservative legal watch dog group Judicial Watch, who had sued the DOJ in federal court to enforce a Freedom of Information Act (FOIA) request for documents pertaining to the the New Black Panthers case. Judicial Watch had secured many previously unavailable documents through their suit against DOJ and were now suing for attorneys’ fees.”

“The Court’s decision is another piece of evidence showing the Obama Justice Department is run by individuals who have a problem telling the truth,” Judicial Watch President Tom Fitton said. “The decision shows that we can’t trust the Obama Justice Department to fairly administer our nation’s voting and election laws.””
https://citizenwells.wordpress.com/2012/07/31/no-justice-in-obama-justice-dept-new-black-panther-party-dismissal-judicial-watch-obama-appointees-interfered-with-new-black-panther-prosecution/

Rod Blagojevich is in prison and his appeal process may drag on for many many months. Blagojevich was arrested after the 2008 election.

Tony Rezko, the kingpin of Chicago corruption, is in prison and was never called as a witness.

Stuart Levine, who began cooperating with the feds in 2004 and who knows almost as much about Obama’s corruption ties as Rezko, was recently sentenced.

Patrick Fitzgerald aggressively and promptly prosecuted former Republican Governor George Ryan.

Mutual Bank loan to Rezko’s for Obama lot purchase.

From No Quarter USA 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.”

Read more:

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/

Kenneth J. Conner questioned the appraisal of the lot and was subsequently fired.

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)”

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/

The Conner lawsuit is still active.

That is all I can comment on at this time.

https://w3.courtlink.lexisnexis.com/cookcounty/Finddock.asp?DocketKey=CAAI0L0ABBEHA0LD

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

From Citizen Wells October 31, 2011.

“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.”
“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.”

https://citizenwells.wordpress.com/2011/10/31/mutual-bank-amrish-mahajan-richard-barth-fdic-lawsuit-kenneth-j-conner-whistleblower-vindication-obama-rezko-land-deal/

There was a status hearing on the FDIC lawsuit on July 19, 2012.

https://citizenwells.wordpress.com/2012/07/12/obama-land-deal-loan-president-mahajan-fdic-lawsuit-status-hearing-july-19-2012-judge-virginia-m-kendall-rezkos-sold-lot-to-obamas/

What is happening in this FDIC case that touches Obama?

The wheels of justice can turn slowly under normal circumstances. They appear to be mired in tar or stop completely when they touch Obama.

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

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

“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

“Where did Rita Rezko get the money to buy the lot she sold to Barack and Michelle Obama?”…Citizen Wells

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.
From Citizen Wells October 31, 2011.

“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.”
“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.”
https://citizenwells.wordpress.com/2011/10/31/mutual-bank-amrish-mahajan-richard-barth-fdic-lawsuit-kenneth-j-conner-whistleblower-vindication-obama-rezko-land-deal/
8. The Rezko’s were deeply in debt. Where did they get the money to purchase the lot?

From the Real Barack Obama April 1, 2008 by Brenda J. Elliott.

“Weeks earlier, on February 10, 2008, RezkoWatch posted a lengthy
article in which was discussed the fact that Rita Rezko purchased the
lot for the full asking price of $625,000.00, with a downpayment of
$125,000.00 and the $500,000.00 balance financed with the Mutual Bank
of Harvey, Illinois, which is owned by Amrish Mahajan, who had loaned
millions of dollars in financing for Tony Rezko’s real estate
ventures.

It is also important to note that Sreenan, who handled the transaction
for Rita Rezko, “said that the lot was attractive to developers and
that the Rezkos had to outbid others to buy it.”

Complicating the matter is the fact that the January 26, 2008, Motion
for Issuance of an Arrest Warrant in United States of America v.
Antoin Rezko showed that in November 2006 Tony Rezko had submitted
documentation “detailing his assets and liabilities” to the Court. On
November 2, 2006, Rezko’s counsel sent a letter to the Court which
stated “that it was ‘abundantly clear’ that [Rezko] ‘has no income,
negative cash flow, no liquid assets, no unemcumbered assets, is
significantly in arrears on many of his obligations … and has been
forced to rely on family friends for financial assistance.’” Rita
Rezko only “had a salary of $37,000, but no other significant assets.”

In fact, on October 20, 2006, when Tony Rezko made his second court
appearance following his indictment, it was reported that Rezko had
“fallen tens of thousands of dollars behind in mortgage and property
tax payments. The lender filed suit to take back the big place.” Not
only were the Rezkos broke, but Tony Rezko was about $50 million in
debt.

As RezkoWatch wrote on February 10, 2008, this leads to the question
of where Rita Rezko obtained the $125,000.00 downpayment to purchase
the lot, as the source is not stated. Additionally, as this debt—the
$125,000.00—is not listed among Rita Rezko’s liabilities in October
2006, it suggests that the loan had been paid off.”

http://therealbarackobama.wordpress.com/2008/04/01/follow-the-money-who-really-bought-the-rezko-lot-updated/

Obama and Rezko, Kenneth J Conner lawsuit, Update, February 13 2010, Whistleblower Conner fired by bank, FBI, Patrick Fitzgerald, Land appraisal, Obama Rezko real estate deal, Why has Obama not been indicted?

Lest

We

Forget

 

Forget Obama, not a chance.

As reported on this and other websites, Obama has long time close associations to crime and corruption in Chicago and Illinois. One of Obama’s longest and closest ties is to Tony Rezko, who of course has strong ties to Rod Blagojevich. On December 16, 2008, the Citizen Wells blog reported the following fallout from one of the Obama and Rezko real estate transactions.

“Since arresting Illinois Gov. Rod Blagojevich, U.S. Attorney Patrick Fitzgerald has renewed interest in convicted fundraiser Tony Rezko’s part in the purchase of Barack Obama’s Chicago mansion, according to a former real estate analyst who says he was interviewed by the federal prosecutor in the past 10 days.

Kenneth J. Conner told WND he was interviewed by investigators from Fitzgerald’s office regarding the purchase of the Obama mansion and the adjacent vacant lot that Rezko’s wife, Rita, purchased simultaneously. As WND reported last week, Connor filed a civil complaint in October with the Illinois Circuit Court in Cook County alleging he was fired by Mutual Bank of Harvey, Ill., because he objected to land appraisals submitted on behalf of the Rezkos and the Obamas, with the complicity of the bank.

Connor previously confirmed to WND that he told the FBI, months ago, when he initially was fired, that the bank and the Rezkos were engaged in “fraud, bribes or kickbacks, use whatever term you want,” to benefit the Obamas.

Connor said his lawyer, Glenn R. Gaffney, also has been interviewed by the FBI about the Rezko-Obama deal within the past 10 days.”

Kenneth J Conner lawsuit, Obama and Rezko deal

Here is what is believed to be the latest status of the Kenneth J Conner lawsuit.

 

https://w3.courtlink.lexisnexis.com/cookcounty/Finddock.asp?DocketKey=CAAI0L0ABBEHA0LD

Spindled is a  Illinois courts term for the process of filing a motion, and filing the notice that the motion will be presented to the court for a hearing. The term derives from Cook County, Illinois, in which the court clerk had the practice of attaching the motion and notice papers o the clerk’s file with a needle, or “spindle.”

I have spoken to Kenneth J Conner on several occasions and will continue to monitor the lawsuit.

Many of us have wondered about Patrick Fitzgerald since he took the assignment from the Obama Administration. I must tell you that this continues to stink.