By Natasha Korecki
Federal Courts Reporterfirstname.lastname@example.org
Judge Amy St. Eve appears poised to release Tony Rezko out on bond, secured to more than $8 million in property. Rezko's wife, Rita, also pledged $380,000 in cash.
St. Eve has not yet made a formal ruling. But she has asked specific questions about people's properties who are posting to secure Rezko's bond.
She also specifically said she wanted a specific property posted because it brought $100,000 in equity, even though lawyers said they didn't think it was needed to get to $8 million.
She may also have cleared up a significant issue tied to a $3.8 million wire transfer from Lebanon.
St. Eve said she interviewed attorneys behind closed doors, under oath, who told her where the largest portions of a $3.8 million wire transfer went. Much of that money, she said, went to pay lawyers.
That transfer, came from the sale of Rezko's 62-acre parcel of South Loop land. It is the reason Rezko ended up behind bars Jan. 28.
Prosecutors -- and the judge at the time -- said Rezko should have but failed to disclose that transfer of money.
But St. Eve said she talked to the lawyer representing General Mediterranean Holding who said under oath that Rezko has no more interest in that land, which was the most valuable asset Rezko still controlled. General Mediterranean is the company tied to Iraqi billionaire Nadhmi Auchi.
With the money from the wire transfer accounted for, and parties swearing under oath that Rezko will not have access to additional overseas funds, St. Eve appears satisfied to set Rezko free.
St. Eve hasn't discussed it yet, but she will undoubtedly put Rezko under strict guidelines, possibly home arrest and electronic monitoring.
Prosecutors strongly opposed the move yesterday in court.