Blago Fundraiser Ducks Extra Prison Time For GE Fraud

Law360, Chicago (December 22, 2011, 5:36 PM EST) -- A businessman and former fundraiser for ex-Illinois Gov. Rod Blagojevich won't serve additional prison time for orchestrating a loan fraud scheme that bagged millions from General Electric Capital Corp., thanks to a plea deal entered Thursday under which he'll drop his appeal of another sentence.

U.S. District Judge James Zagel sentenced Antoin "Tony" Rezko, 56, to 90 months in prison for the fraud scheme Thursday, to be served concurrently with the 10 1/2-year term U.S. District Judge Amy St. Eve doled out Nov. 22 after a...
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