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Who is Tony Rezko?
Antoin “Tony” Rezko, 52, a long-time friend and fundraiser for Barack Obama,
is a Syrian-born property developer, pizzeria entrepreneur and political
fixer in Chicago. Hillary Clinton has made him a campaign issue by
denouncing him as a “slum landlord”. Mr Rezko faces two criminal trials as
well as dozens of civil lawsuits.
How does he know Barack Obama?
Mr Rezko approached Mr Obama in 1990 after reading that he had become the
first African-American president of the Harvard Law Review. Mr Rezko and two
real estate partners offered Mr Obama a job building inner-city homes in
Chicago. Mr Obama declined, but remained friendly with Mr Rezko, who became
one of his earliest and biggest fundraisers. Mr Obama says that he met Mr
Rezko “once or twice a year” for lunch and the Rezkos and Obamas have dined
together as couples perhaps “two to four times” since they have known each
other. As a lawyer, Mr Obama did six hours’ work for partners of Mr Rezko’s
company in state-subsidised apartment rehabilitation projects.
Why are they linked in a property deal?
The Obamas bought a mock Georgian mansion in Chicago in June 2005, after he
was elected to the US Senate. Mr Rezko’s wife, Rita, bought the adjacent
garden on the same day from the same seller. The sellers say that Mr Obama
and Mr Rezko toured the property together before the transaction. At the
time, it was already known that Mr Rezko was under criminal investigation.
Mrs Rezko paid the full asking price of $625,000 (£315,000) for the garden.
The Obamas paid $1.65 million for the house – $300,000 below asking price.
The garden could be accessed only through the Obamas’ property, and Mr
Obama’s gardener mowed the lawn. In January 2006, Mrs Rezko sold a 10ft
strip of her garden to the Obamas for $104,500 and a fence was erected
between the two lots. Mrs Rezko has since sold the remainder of the garden
to a lawyer for her husband’s business.
Why is Mr Rezko on trial?
Mr Rezko went on trial in Chicago this week for money laundering, fraud,
aiding bribery and attempted extortion. He is accused of demanding kickbacks
from companies seeking to do business with two Illinois state boards
controlled by his friends – the Teachers Retirement System, which manages a
$30 billion pension fund, and the Illinois Health Facilities Planning Board,
which must approve all building permits involving hospitals.
Is Mr Obama involved in the case?
Mr Obama is not accused of any wrongdoing. However, money from one of the many
alleged kickbacks appears to have ended up as a $10,000 donation to his
campaign. There is speculation that Mr Obama could be called as a defence
witness at the three-month trial. Mr Obama has donated to charity $150,000
in political contributions linked to Mr Rezko.
Where does Nadhmi Auchi fit in?
Mr Rezko ended up in prison in January for violating bail by failing to
declare a $3.5 million loan from Nadhmi Auchi, a British-Iraqi billionaire
who was convicted of corruption in the Elf scandal in France in 2003. Mr
Auchi was involved with Mr Rezko in a pizzeria business in the Midwest as
well as a 62-acre property development in Chicago, and had lent millions of
dollars to him.
An earlier $3.5 million dollar loan to Mr Rezko was made only weeks before Mrs Rezko bought the garden next to the Obamas’ new house. Mr Auchi says the loan was for business reasons.
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EXCUSE ME:
-I'd like to know why the story stopped there?!!!
-Nadhmi Auchi is an Iraqi-born billionaire who was charged along with Saddam Hussein for conspiring to assassinate Prime minister (president) Abdul Karim Qasim and stood trial in 1959.
-Auchi protected secret money for Saddam Hussein AND Muammar al-Gadaffi.
(Remember, Obama's Trinity church Pastor Wright went with Nation of Islam minister Louis Farrakhan in 1993 to visit Libyan socialist leader Gadaffi.)
-Auchi also financially backed Saddam Hussein's plan for a pipeline from Iraq to Saudi Arabia.
-Auchi was also a business partner with Nation of Islam Founder's son: Jabir Herbert Muhammad.
Why isn't the media talking about all of Barack Obama's scary friends who have ties to the worst people in history?
*Don't forget William (Bill) Ayers and Bernadine Dorhn of the Weather Underground.
*Obama's cousin Raila Odinga who just became co-President of Kenya this week, whom Obama is said to be close to...
Katherine, USA, USA
I agree about the foreign policy issue related to Bin Laden and Pakistan. She said in the debate that this was naive and then he pointed out to her that the Bush administration had just done this a week or so ago. She seemed puzzled. That was very telling for me. I'm not sure where all of her foreign policy experience comes from. I'm glad the Obama campaign is asking this question. I believe he can ask legitimate questions about the claims that she has made without going negative. I think he will do just that. In the meantime, if she can't answer them, don't you think it's a little unfair to focus on Rezko? After all, his trial will play out in the next 3 months as well. So if Clinton supporters can wait 3 months for tax returns, why can't they wait 3 months for the judicial system to decide if Rezko or Obama has committed any crime. Rezko may be shady, but the prosecution has to actually prove that. The guilt by association argument coming from the Clintons is a bit ridiculous.
Rhonda, Raleigh,
They key word in your statement is "envision". This would imply speculation. While I get that this is what Mrs. Clinton wants you to do, we should stick with the facts as we know them. We could imagine all sorts of things about the Clintons not being willing to turn over their tax returns. Could it be tax evasion? Shady business dealings? It's speculation. It's inuendo. If you're going to base your opinions on that, neither candidate is clean, nor McCain for that matter, remember the Keating Five?
Rhonda, Raleigh,
The purchase price paid by the Obamas was the highest bid on the property. While below the asking price, again it was higher than any other bid. Properties are generally sold below the asking price.
Joe
joe, rockford, illinois
Yes, I do agree that most of us have met and unknowingly been involved with shady people. BUT, the honest, caring, loyal and Trustworty Person DOES cut all association and ties to the shady people when they uncover the truth. Now Maybe I am being harsh? But common sense should tell you or anyone to extinquish all ties and association as SOON as you are made aware of the truth. So, Why did Obama continue 18 years of association with Razko? Either Obama has no common sense or he has alot more to hide than we know? Which is it?
Cynthia, Walton, Ky
Three key issues in America are the economy, Iraq and Al Qaeda.
On the economy, the Clintons benefitted by the Internet bubble that was generated by, surprise, Al Gore, who was the champion for government investment in developing the Internet while in Congress.
Hillary has no experience creating jobs. Barack has no experience creating jobs. Both will rely upon ending the war and re-investing in our infrastructure. Hillary wants to freeze interest rates on home loans though, which could be dangerous.
On Iraq, she trusted George Bush and voted to let him go to war when there was no evidence he had a nuclear program. Barack spoke out against trusting Bush and said it was unwise to go war there.
On Al Qaeda, he has argued that the US must be willing to go after Bin Laden and his followers in Pakistan, even if Pakistan won't help. Bush has been doing this ever since Barack brought it up last year. Hillary said this policy is naive and dangerous. She won't go after Bin Laden.
Paul F., Alexandria, USA/Virginia
I am pretty sure most of us know some shady people and may have had dealings with them before their true colors came shing forth. Does that make you a criminal? If the clinton campaign can only hang on by throwing mud, then that tells you where they are standing. I believe the Obama campaign would not dare bring up her tax returns which have quietly left the pages of the press as that is really beneath them.
I am wary about anyone that fights dirty for leadership. If it is not recognised, it really isn't there. Many that have grabbed leadership or attained it unworthily have lived to see the folly. Obama has stived for a new kind of politics which we so desperately need.
Wale, Atlanta, GA, USA
Americans be wise in selecting your candidate. Consider Rezco's issue very very serious. Your decisions will either make US situation very very bad. It's time to believe with Mrs. Clinton. She really cares for you. She has high hopes and dreams to make US the best country to live AGAIN. I believe that. Don't be fooled by Obama's charisma. This is not a movie making situation. Please wake up young people, Mrs. Clinton is your only hope. It's up to you. Don't be fooled by his tactics saying "CHANGE" for what ? Is it change for HIMSELF?
Adhara, Surrey, Canada
Obama stands for nothing. He has big problems ahead as the press finally smells blood that can't be tainted with charges of racism. Our press is bored with tearing Hillary apart. It's Obamatime!
derek washington, las vegas, usa
This matter was in the newspapers years ago in Chicago and fully examined. It was brought up early in this campaign and fully discussed. As Hillary's campaign turned to its last chance to stay alive, it has thrown the kitchen sink at Obama - including raising this issue because Rezco is on trial this week.
There is no there there and bringing it up is just trying to ruin Barack via guilt by association. Hillary has plenty of donors who are criminals. She has taken money from health insurance companies and many other groups with interests before Congress too.
Over this campaign, Hillary has tried to make Barack a drug dealer; a candidate just of black people; and tried to pit Latinos against blacks by falsely claiming an historical grudge.
Recently, Hillary has doubted Barack's religion and said that John McCain would be a better candidate to lead our nation in a foreign policy crisis than Barack.
She has gone too far, too often. Happily, I'll never have to vote for her!
Paul F., Alexandria, USA/VA
Mr. Rezko sought to cultivate relationships with many politicians. Am I responsible for the character and actions of everyone who befriends me?
David, Springfield, IL
You missed out one important detail in regards to the property deal that helps to clarify why Rezko got involved. The seller much preferred to bundle the house and the garden together rather than sell them off one at a time. However Obama was evidently happy with just the house and the strip. So the discount was offered no doubt to sweeten the deal for the package. In this way, Obama was able to buy the property at a knock down price and Rezko got a cheap piece of land. Looks like a pretty straightforward and sensible deal between friends to me.
Simon, London, UK
Why didn't Barack Obama bring this up knowing that it might become an issue later on ?.He should concentrate on his own image instead of attacking Hillary Clinton's. He tries to give voters the impressions that he no skeletons in closet, this is probably just the tip of the iceberg.He denies associations with certain individuals and tries to squirm away from any negative publicity.Yes this country is ready for a change just not this kind we are already putting up with a president that makes a career out of dishonesty and yet loyal to those who surround him.
louis, san antoino, texas
The fraudulent mansion shenanigan though unseemly and possibly illegal is less potentially politically damaging than Sen. Obama's other entanglements with Mr. Rezko. Sen. Obama's relationship with Mr. Rezko includes the ugly picture of the politician hobnobbing with the "slumlord" whilst his constituents in "inner city Chicago" were enduring squalid conditions in housing projects that Obama helped facilitate. One would have difficulty envisioning a scenario where Mr. Obama was not at least somewhat aware of these circumstances.
Roger Williams , New York City, U.S.A.