Chicago Sun-Times
Inside the Rod Blagojevich investigation and related cases

Blagojevich trial: Aramanda alleges plans for loan abruptly switched

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A $600,000 loan that businessman Joseph Aramanda got from Springfield lobbyist Robert Kjellander was supposed to be used to help Aramanda rebuild a struggling pizza-restaurant he'd bought from Blagojevich fund-raiser Tony Rezko.

But shortly after Rezko helped Aramanda get the loan, Rezko changed Aramanda's plans.

Rezko pointed out that Aramanda owed him money from when Aramanda bought the pizza restaurants from Rezko. As a result, Rezko told Aramanda he'd have to pay him back by paying several Rezko debts.

Ultimately, Aramanda testified he used $475,000 of the $600,000 from Kjellander to pay Rezko debts.

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This page contains a single entry by Chris Fusco published on June 15, 2010 4:00 PM.

Blagojevich trial: Who is Joseph Aramanda? was the previous entry in this blog.

Blagojevich witness: Tony Rezko helped get me a loan -- then took the money is the next entry in this blog.

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