Rezko trial: Money divvied up at Standard Club

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In April 2004, Stuart Levine invites Tony Rezko into a private room for dinner at the exclusive Standard Club downtown. Over dinner, Levine and Rezko talk about a series of deals on a state board that could bring them millions of dollars.
“I told Mr. Rezko that there was an opportunity for a lot of money to be made,” Levine said.
At the end, Rezko would make $3.9 million, according to Levine. They dined in a private room on a table that seats six. But only Levine and Rezko dined that night.

Levine said he wanted the meeting to be so exclusive, no one else was around, and even the waiter was asked not to interrupt. Levine said he drew up in his notes how a series of fees would be split. But Levine said he later destroyed his notes. Prosecutors showed a receipt from that night and play tapes showing Levine made arrangements to meet with Rezko. That’s the only evidence, besides Levine’s word, that the meeting occurred. It’s something that the defense is sure to thoroughly question Levine about.

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OBAMA IS CONSTANLY SURROUNDED BY CORRUPTION, ESPECIALLY WHERE CAMPAGINE FUNDS ARE CONCERNED CHICAGO (AP) — Presidential candidate Barack Obama said he still regards indicted fundraiser Rezko as a close friend.
Even as Obama has surfaced in federal corruption case against campaign fund-raiser. Obama's 17 year relationship with Rezko is under greater scrutiny after prosecutors disclosed Rezko received $3.5 million from an Iraqi billionaire while claiming to be broke. Rezko orchestrating a scheme in which a firm hired to handle state teacher pension investments first had to pay $250,000 in “sham” finder’s fees. From that money, $25,000 was donated to Osama’s successful run for the Senate in the name of a Rezko business associate, according to the court filings. Rezko, part of Osama’s finance committee, also is accused of directing “at least one other individual” to donate money to Obama and then reimbursing that individual in violation of federal election law. Mr. Auchi British-Iraqi billionaire who sold Saddam Hussein’s arms, lent millions Obama's fundraiser just weeks before an imprudent land deal that haunts the presidential contender, investigation by The Times discloses, money transfer raises question of whether funds from Nadhmi Auchi, one of Britain's wealthiest men, helped Mr Obama buy his mock Georgian mansion in Chicago. Mr Auchi, convicted for corruption in France, registered the loan to Obama's bagman Rezko, Auchi says the loan, through the Panamanian company Fintrade Services SA, was for $3.5 million. Another Obama friend Rep. Rick Renzi indicted Friday on multiple federal charges, law enforcement sources tell CNN. 35-count indictment handed up by a grand jury in Arizona, charged with conspiracy, wire fraud, money laundering extortion and insurance fraud. Former Dallas Mayor Hill and Obama financial contributor of federal bribery/extortion/conspiracy/other misc indictments Obama camp again has its hands full with other publically indicted bankrollers like Rezko. Hill's campaign finance report shows Obama received the donations in April, May and in June as well. Of course Obama camp couldn't be reached for comments. Forth time in more than a year, Obama announced again it was shedding more donations tied to Rezko. Calculations by Obama's staff of Rezko's financial impact on his political campaigns have been all over the map and shifting records. Since 95 Rezko, his relatives and contributors listed on official disclosure forms as employees of one of his businesses. Rezko has raised money for Obama's presidential campaign. Various media outlets have reported much larger numbers, New York Times Rezko political cash for Obama at $150,000, Sun-Times $168,000, Los Angeles Times at $200,000. Last weekend, a report by suggested more than $285,000. The event at Rezko's home resembled a posh dinner party, Obama spoke after the meal, and told the crowd he was still in Harvard law school Rezko, hired him. Obama staffers set up shop around the kitchen table, where they collected checks. He was jailed on Monday and a federal judge on Tuesday refused to reinstate his bond. Money donated to Obama by Joseph Aramanda, a Glenview businessman and Rezko associate who is the “Individual D” prosecutors say received the $250,000 in finder’s fees demanded by Rezko. After news that Obama had engaged in a real estate transaction with Rezko’s wife at a time Tony Rezko was known to be under investigation, the senator called the episode a mistake

Mr.Levine says he spent 1 million dollars on drugs in 4 years, over $10 thousand dollars a week and quits the day the FBI come to visit. I don't believe it, just another way to hide the money. I do believe he had parties at the Purple Hotel where he met Dan Frawley and then introduced him to Rezko, who would lie about that? He has nothing to gain from that. Where did he hide the money?

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Natasha Korecki

Natasha Korecki is the Federal Courts Reporter for the Chicago Sun-Times, covering federal news, corruption investigations and trials.

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This page contains a single entry by Natasha Korecki published on March 31, 2008 4:54 PM.

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Rezko trial: Levine back on the stand is the next entry in this blog.

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