How Blago Wanted to Make Money

On Trial

Updated Apr. 25, 2017 9:43AM EDT / Published Jun. 10, 2010 2:03AM EDT

Former Illinois Governor Rod Blagojevich had a plan to secretly profit while in office and distribute the dough once he exited office, a former aide testified in the ex-governor's corruption trial Wednesday. One scheme involved selling $10 billion in state pension bonds to investment bank Bear Stearns in one swoop, with the promise that Blagojevich's associate Tony Rezko would receive $500,000 from a Bear Stearns lobbyist. The aide also said that those who raised campaign funds for the governor were rewarded with contracts and state jobs for their friends. Blagojevich's troubles begin to unfold when he was accused of trying to sell the Senate seat which had belonged to Barack Obama. If convicted, he could spend 415 years in prison and pay up to $6 million in fines.

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How Blago Wanted to Make Money