Blago Bond Set at $450K - NBC Chicago
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Blago Bond Set at $450K



    Blago Bond Set at $450K
    Former Illinois Gov. Rod Blagojevich, left, and his wife, Patti, arrive at the federal courthouse for a hearing in Chicago on Friday.

    Judge James Zagel on Friday ordered Rod Blagojevich to post $450,000 in bond in order to remain free during sentencing hearings and through appeals.

    Blagojevich is required to offer his Ravenswood home and a Washington, D.C. apartment as collateral for for the bond. Prosecutors asked the judge to force Blagojevich to post the collateral after he and his defense team failed to file the necessary paperwork earlier.

    The former governor was convicted in June on 17 counts of corruption, including trying to sell an Illinois Senate seat that was once held by Barack Obama.

    The collatoral is meant to keep Blagojevich from fleeing.

    Blago: I Fought Hard for the People

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    Blagojevich speaks with reporters as he arrives at his Ravenswood home after leaving the courthouse.
    (Published Monday, June 27, 2011)