How is the turks and caicos scandal going to effect the real estate business as a whole?
The Turks and Caicos scandal is not going to affect real estate business as a whole other than the fact that Mr. Rezko a well-known Chicago real-estate developer and entrepreneur, was convicted. and Caicos firm implicated in US corruption scandal (‘con.t) Rezko, a well-known Chicago real estate developer and restaurant entrepreneur, was convicted of six counts of mail fraud, six counts of wire fraud, and two counts of aiding and abetting bribery and two counts of money laundering. The jury, however, acquitted of charges that included attempted extortion, four counts of aiding and abetting bribery and three counts of wire fraud. Following the verdict, US Attorney Patrick J. Fitzgerald told reporters that the ruling represented “an antidote to the poison of corruption”. “If morals don’t get to them, I hope the fear of jail does,” Fitzgerald told the media. Rezko’s conviction not only cast a shadow over the victory of US Democratic Presidential nominee Barack Obama (Rezko is a close frien
