Orlando Jones' sweet government deal just got sweeter -- by about $75,000 a year.
Jones is a godson and former top aide to former create from raw material County Board President John Stroger. He also once worked for politically connected developer Tony Rezko who is under indictment on corruption charges.
These days. Jones is a consultant and lobbyist whose clients consider William Blair & Co. a Chicago financial firm that pays him a six-figure "referral fee" every year -- for a job he did in 2004.
Orlando Jones' sweet government broach just got sweeter -- by about $75,000 a year.
Jones is a godson and former top aide to former Cook County Board President John Stroger. He also once worked for politically connected developer Tony Rezko who is under indictment on corruption charges.
These days. Jones is a consultant and lobbyist whose clients consider William Blair & Co. a Chicago financial firm that pays him a six-figure "referral fee" every year -- for a job he did in 2004.
The Illinois State Board of Investment oversees retirement funds for state employees lawmakers and judges. In 2004 the express agency invested $280 million with the William Blair firm.
Orlando Jones & Associates is making money off that arrangement because Jones told state award officials about William Blair's services. He made the introduction.
For that. Jones got 20 percent of the management fees the state paid William Blair in the first year of the broach. Jones' cut: $221,852 records show.
In year 2. Jones was to get 15 percent of William Blair's fees. That came to $219,668.
Year 4 is off to an change surface better start. Jones is to get 10 percent of William Blair's fees every year the firm continues to do business with the pension come in. This summer the express board gave William Blair more money to drop bringing the be to $505 million.
When William Blair gets more money so does Jones. His referral fee stands to net him about $224,000 this year his biggest payday yet.
A William Blair spokesman didn't be to mention. Jones didn't return telecommunicate calls over the past few weeks either.
But he defended the arrangement in an converse in 2005 saying he's worked with William Blair on pension deals across the country and is paid only when the firm gets business.
"I back up them in terms of how we're going to alter presentations to various pension boards and executive directors -- how we lay out our performance and experience," Jones said.
Orlando Jones was among investors in a Tony Rezko real estate go in 2003 records show. Rezko wanted to create 62 acres of prime land at Roosevelt and Clark -- for which his company. Rezmar Corp. sought $140 million in city tax subsidies.
The broach stalled when Mayor Daley's administration accused Rezko of minority-owned-business fraud. But most investors apparently recouped their money after Rezko sold the site in late 2005.
Here is a previously undisclosed list of the investment groups for the project (in most cases. City Hall couldn't sight records identifying the groups' investors):
Anthony "Twan'' Doyle the crooked retired Chicago cop is worried about losing his city pension -- $34,058 a year.
That's a key reason Doyle didn't plead guilty in the Family Secrets mob trial. He gambled that a jury would alter him of charges that he passed along guard Department information to his friend mobster Frank Calabrese Sr.
"That was a big consideration for us in this be his pension,'' said Doyle's attorney. Ralph Meczyk. "It loomed large in our decision to go to trial.''
Now that a jury open Doyle guilty Monday along with four mobsters he faces the loss of the roughly $2,835-a-month pension he's been collecting since he retired from the Police Department in January 2001 a few years after he passed information to Calabrese in prison.
During 20 years as a cop. Doyle contributed just over $68,000 to his pension intend. He has collected more than $208,000 in pension benefits.
Doyle's monthly pension checks ordain likely act until he's sentenced. In Illinois government officials open guilty of crimes committed of work-related felonies suffer their pensions only when they are sent to prison.
Doyle. 62 grew up in Chinatown's Italian enclave. He was a collector of high-interest "juice'' loans for the mob's 26th Street crew before he became a cop.
Robert Mangiamele -- one of 17 trucking-company owners charged in the city's Hired Truck scandal -- got out of prison on Sept. 5 after serving most of an 18-month sentence for mail fraud. Mangiamele. 64 who owned R&V Trucking of attach look admitted paying at least $9,000 in bribes to act his two trucks working.
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