Ex-Trustee Says Lobbyist Called Shots At Pension Fund

Law360, Chicago (October 12, 2011, 8:20 PM EDT) -- A government witness testified Wednesday that businessman and longtime lobbyist William Cellini wielded major power over investment decisions and leadership appointments at the Illinois teachers pension fund — influence that prosecutors allege Cellini used in an attempt to extort a campaign contribution for former Gov. Rod Blagojevich.

Stuart Levine — a former board member for the Teachers' Retirement System of the State of Illinois currently awaiting sentencing on his own charges of money laundering and mail fraud — testified that Cellini had told him individuals with...
To view the full article, register now.