IRS agent: Blagojevich, wife were heavily in debt - KMOV.com

IRS agent: Blagojevich, wife were heavily in debt

CHICAGO (AP) -- An IRS expert says Rod and Patti Blagojevich were awash in credit card and other debt at the time of the former governor's arrest on corruption charges.

   Revenue agent Shari Schindler returned to the witness stand at the former governor's corruption trial Thursday and said the amount shot up after they started dipping into a home equity line of credit.

   Schindler said they were hundreds of thousands of dollars in debt. She said they sometimes they used credit cards to pay credit card bills.

   The debts could explain in part Blagojevich's alleged efforts in the last days before his December 2008 arrest to parlay his ability to fill President Barack Obama's former Senate seat into a high-paying job.

   Blagojevich has pleaded not guilty to scheming to trade or sell the appointment to the seat.

   (Copyright 2010 by The Associated Press.  All Rights Reserved.)
 

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