Commentary on fraud, scams, scandals, and court cases.

Former Illinois governor George Ryan convicted of fraud and racketeering

A jury trial ended in conviction for former Illinois governor George Ryan. He was found guilty of all charges, including [tag]fraud[/tag], obstructing the Internal Revenue Service and lying to the FBI. The charges against Ryan were related to accusations of funneling large state contracts to friends and political insiders. In return for those contracts, Ryan received gifts and money.

Ryan’s co-defendant, Larry Warner was also convicted of [tag]racketeering[/tag] [tag]conspiracy[/tag] in addition to mail fraud, attempted [tag]extortion[/tag] and [tag]money laundering[/tag]. He benefited to the tune of $3 million in business deals.

The investigation into this [tag]corruption[/tag] matter went on for eight years. Ryan says he will appeal.

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