Blagojevich spent $400K on clothes
Thursday, Jul 1, 2010 - Posted by Rich Miller
* Sheesh…
IRS Agent Shari Schindler just testified that Rod and Patti Blagojevich spent $400,000 in clothing expenses between 2002 and 2008. Of that, $207,000 was spent Oxxford Clothes, a luxury clothier that Rod fancied. Thousands more were spent at Saks Fifth Avenue, Neiman Marcus and Geneva Custom Shirts.
And he’s complaining about money troubles?
…Adding… Their clothing expense works out to roughly half of Blagojevich’s after-tax income as governor. You think this’ll stick in the jurors’ minds? Oh, yeah.
* That IRS agent also testified about a direct financial link between Tony Rezko and Patti Blagojevich…
With charts and graphs, she’s explaining a flow of money from Tony Rezko’s Rezmar Corp. to Patti Blagojevich’s firm, River Realty.
Prosecutors noted that nowhere on the Blagojevich family’s tax returns — which were publicly released while Rod was governor — is there any indication that Rezko money went to Patti.
The Blagojeviches’ income peaked in 2004 at $392,392. By 2008 — the year we hear recordings of Blagojevich angsting about his cash flow — it’s down to $226,795.
* More on the Blagojevich debt and Rezko…
By August of 2008, Schindler testified, the Blagojevich and his wife owed more than $90,000 in credit-card debt and were also $220,000 in the red on a home-equity loan. Several witnesses have testified that near the end of his term in office Blagojevich appeared to be obsessed with finding ways to make more money.
Schindler also explained charts she had prepared showing large flows of money ending up in the pockets of Blagojevich or his wife, Patti, from businesses associated with Rezko, a developer later convicted of corrupting state boards.
The money from Rezko began flowing to the Blagojeviches around the same time that a $600,000 loan connected to a state pension deal was made to a business associate of Rezko. The loan was extended by lobbyist Robert Kjellander, also a top official in the state Republican party who had just been paid more than $800,000 as his cut from brokering a deal to steer $10 billion in state underwriting business to Bear Stearns.
In another series of transactions explained by Schindler, Rezko’s development firm, Rezmar, was paid $40,000 in commissions on January 21, 2004, from a real estate deal. The next day, Rezmar wrote a check for the same amount to River Realty, a company owned by Patti Blagojevich. Then the following day, River Realty wrote another check to Patti Blagojevich for $40,000.
* Related…
* State ethics officer: Rod Blagojevich completed ethics training
* Judge says ‘honest services’ charges stick against Blagojevich
* Blago aide: ‘Ridiculous even by our standards’
* On tape, Blagojevich angry over no reward for seat
* FBI tapes: Blago frustrated by Obama’s lack of cooperation: “They all leave town and I’m stuck with gridlock . . . impeachment . . . and a f—— president who’s all talk and no give?” Blagojevich said.
* Today at the Blagojevich trial: Obama the ‘demigod’
* Crude Blago both riveting and revolting
* Who knew? Rod likes it when Patti talks blue
* Another aide admits being a yes man
* Scofield Regrets Not Challenging Blagojevich
* Blagojevich trial: Day 18 and recap
* Blagojevich trial tape transcripts, text version
* Blog-ojevich: Tweets and posts from the trial
* The prism
* Angry Blagojevich heard on tapes
* Witness Liked to Placate Blago
* Laying Down The Law
* News & Views
* Former Advisor Testifies In Blagojevich Trial