Judge sets Blagojevich bond, denying government bid to raise it

Reuters News
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Posted: Jul 15, 2011 1:18 PM
Judge sets Blagojevich bond, denying government bid to raise it

CHICAGO (Reuters) - A federal judge on Friday ordered former Illinois Governor Rod Blagojevich, who awaits sentencing on multiple convictions, to post $450,000 bond, secured by the equity in two properties.

U.S. District Court Judge James Zagel denied a government request to set the bond at $1 million -- a figure Blagojevich, 54, would have been hard pressed to meet since his two properties only have $600,000 in equity in them.

In June, a jury convicted Blagojevich, a two-term Democratic governor, on 17 counts, including a charge he tried to sell President Barack Obama's former Senate seat.

Zagel did not set a sentencing date for Blagojevich on Friday.

(Reporting by Eric Johnson; Writing by James B. Kelleher; Editing by Jerry Norton)