FBI asking questions on Rezko-Obama land deal

Update on 12/9/08: Illinois Governor Rod Blagojevich was just arrested. Governor Rod (I think that's what he prefers to be called) and Barack Obama were both beneficiaries of convicted felon Tony Rezko's largess. More to come, I'm sure.

MarketWatch reports that (via The Washington Times) FBI investigators are asking questions about the Rezko-Obama land deal.

A former Illinois real estate specialist says FBI agents have questioned him about a Chicago property that had been bought by convicted felon Tony Rezko's wife and later sold to the couple's next-door neighbor, Sen. Barack Obama.

The real estate specialist, Kenneth J. Conner, said bank officials replaced an appraisal review he prepared on the property and FBI agents were investigating in late 2007 whether the Rezko-Obama deal was proper.

“Agents and I talked about payoff, bribe, kickback for a long time, though it took them only a short number of minutes of talking with me while looking at the appraisal to acknowledge what they already seemed to know: The Rezko lot was grossly overvalued,” Mr. Conner told The Washington Times Monday.

“Rezko paid the asking price on the same day Obama paid $300,000 less than the asking price to the same seller for his adjacent mansion,” he said. “This begs the question of payoff, bribe, kickback.”

...Chicago real estate developer Tony Rezko was convicted June 16 on felony counts of fraud, money laundering, and aiding and abetting a bribery scheme involving kickbacks from companies wanting to do business with the state... Conner said his appraisal of the Rezko property, held in Rita Malki Rezko's name, was replaced with a higher one and he was fired when he questioned the document.

...According to his complaint, Mr. Conner reviewed the appraisal of the Rezko property by another firm, Adams Appraisal, which had set the value at $625,000. The complaint said he told his bosses the property had been overvalued by at least $125,000 and that a “reasonable and fair evaluation” should have been no greater than $500,000.

Mr. Conner said the removal of his appraisal “seemed understood as a crime with respect to the subpoena” of the Rezko property and the FDIC audit.

Aerial photos of the buildings developed by Rezko, Valerie Jarrett and other friends of Obama will give you a new perspective on the meaning of "change".