Tuesday, March 08, 2011

Convicted former Rezko partner was cooperating with feds

The Chicago Sun-Times reports:
A onetime Tony Rezko business partner, who once was a Chicago cop and chief executive of a company that won a $50 million security contract in Iraq, has pleaded guilty to federal charges in Chicago after he cooperated with authorities.

Daniel T. Frawley pleaded guilty on Feb. 14 to bank fraud and structuring transactions — a plea that came about two weeks after his charges were made public.

The Chicago Sun-Times has learned that Frawley won a deal that will mean a significant cut in his potential sentence because he provided information to authorities regarding Rezko, who was convicted in 2008 and is awaiting sentencing. The cooperation began quietly years ago, the Sun-Times has learned.
No word yet from Barack Obama on this one.