Evelyn Pringle, who has written extensively on Operation Board Games, provides some excerpts from her “Curtain Time for Obama” series of articles that specifically address the current resurfacing of the real estate deal involving the Obamas’ Hyde Park mansion and the Rezkos’ adjacent unimproved corner lot.
Curtain Time – Part I (Excerpts)
The investigation called “Operation Board Games” will lead to Obama’s downfall and it will begin with what he claims was a “boneheaded” mistake in entering into real estate deal with the Syrian-born immigrant, Antoin ‘Tony’ Rezko, less than a month after Rezko received a $3.5 million loan from the Iraqi-born billionaire, Nadhmi Auchi, who ended up with Riverside Park, a $2.5 billion 62-acre development project in the Chicago Loop.
Obama set his sights on a $2 million mansion the month after he was elected to the US Senate. It’s now known that Rezko got involved in the house-buying endeavor early on, although his involvement would not be known until November 2006, the month after Rezko’s indictment was unsealed in the Operation Board Games case.
Nadhmi Auchi owns General Mediterranean Holding, a Luxemburg-based conglomerate with investments all over the world in everything from Iraq reconstruction contracts to pharmaceuticals to pizza parlors.
More than two solid months of investigation leads to the conclusion that following the names linked to Riverside Park is the key to understanding Operation Board Games.
Auchi ended up with the grand prize but the new owner can not set foot on the development site in downtown Chicago because he is not allowed in this country.
Curtain Time for Barack Obama – Part IV (Excerpts)
Rezko schemes to hide assets from creditors
The second Rezko indictment involves Ali Ata (left) and the Illinois Finance Authority, and alleges fraud in financial transactions with the General Electric Capital Corp in connection with the sale of a string of Papa John pizza restaurants in Illinois, Wisconsin and Michigan.
The indictment and plea agreement provide a preview for the scheme hatched to conceal Rezko’s assets from creditors through Obama’s secret Land Trust.
When announcing the arrests, U.S. District Attorney Patrick Fitzgerald stated: “The new indictment is part of Operation Board Games, an ongoing federal public corruption investigation of insider-dealing, influence-peddling and kickbacks involving private interests and public duties related to various state boards and non-profit organizations.”
Co-schemer Abdelhamid Chaib (right), is the former the director of Rezko Concessions. lllinois Gov. Rod Blagojevich appointed Chaib’s wife to a position with the Department of Employment Security Review Board.
An exhibit presented to the jury shows Chaib contributed $10,000 to Blagojevich. Records show Obama received $5,000 from Chaib on June 30, 2003, the same day that Ata donated $5,000.
This indictment alleges that Rezko fraudulently caused General Electric Capital Corporation (GE), to extend more than $10 million in loans to finance what Rezko portrayed as sales of two different groups of Papa John’s pizza restaurants in the Chicago and Milwaukee areas.
The indictment says Rezko and his co-schemers fraudulently obtained a $4.5 million loan from GE in March 2001 to finance the purchase of the Milwaukee pizza stores by a straw purchaser, and his company, at an inflated price, and by the submission of fraudulent documents, including false financial statements about the condition of the stores.
The government alleges that they made similar fraudulent representations to obtain another $6 million loan in October 2001, in connection with Rezko’s sale of the Chicago area pizza restaurants from Rezko Enterprises to his own company, Chicago PJ.
After closing on the loan for the Chicago stores, the loan became delinquent, and Rezko caused additional false financial information to be submitted to GE in asking for forebearance on the default, according to the indictment.
In addition to defrauding GE, prosecutors allege that Rezko defrauded investors by concealing that he was transferring the company’s assets to himself and a straw purchaser.
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Our citizens may be deceived for awhile, and have been deceived; but as long as the presses can be protected, we may trust to them for light.--Thomas Jefferson.
outstanding article. when will we see this in the MSM? Post election perhaps?
My my, what a tangled web that was weaved. This is all going to make a great book someday. It’s like some Tom Clancy type novel. Awesome job writing this up, pretty sad the media in America isn’t doing their job. But we have Great !! People like you that want the truth to be told.