A federal grand jury last week indicted Illinois political insider William Cellini on charges that he attempted to extort campaign contributions for Gov. Rod Blagojevich from a firm interested in winning state pension fund investment business.

Cellini is a Springfield-based businessman who is a Republican but has close relationships to both Democrats and Republicans. The indictment on charges of conspiracy to commit mail fraud, extortion conspiracy, attempted extortion, and soliciting a bribe is the latest in the federal government’s probe of state government corruption known as Operation Board Games.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.