CBS TV Chicago reports:
U.S. Rep. Luis Gutierrez (D-4th) actively fronted for now-indicted real estate developer Calvin Boender, and the relationship led to personal profit for Gutierrez sources tell CBS 2.
Gutierrez allegedly squired Boender around City Hall and introduced him to aldermen. Those meetings led to discussions about potential development deals in various Chicago wards.
There's more:
One source says Gutierrez purchased three successive homes in Boender projects at discounted prices. Gutierrez then "flipped" or re-sold the homes after the market had risen. Gutierrez then sank those profits into other homes. The source says Gutierrez has followed this pattern for the 16 years he's been in Congress, flipping more than half a dozen homes in the same manner.
For more real estate adventures of Luiz Gutierrez and his "friend"
Tony Rezko. Who could forget that Gutierrez
encouraged Blago hire a FALN terrorist to a high level position?
