No Honor Among Thieves II

It was just a matter of time until federal prosecutors bagged Illinois Republican super-insider John Glennon.

And that wasn't rain that fell on the Wisconsin landscape; it was the cumulative perspiration from those close to Nick Hurtgen and all those Bear Stearns bond deals.

P. Nicholas Hurtgen, a former senior managing director for Bear Stearns & Co.'s office in Chicago, was also indicted in May for allegedly helping pressure hospital officials to hire Kiferbaum in hopes Bear Stearns could finance the expansions.

Kiferbaum pleaded guilty last month to one count of attempted extortion and agreed to cooperate against his co-defendants. Levine and Hurtgen have denied wrongdoing and pleaded not guilty.

With Glennon's indictment, the escape routes for those not yet cooperating with the feds were just reduced; hard to roll on a guy who is already either an indicted conspirator or a person of interest.

And those who have golfed, imbibed, and ultimately cut deals with the likes of Glennon, Stu Levine, Don Udsten, Mike Tristano, Roger Stanley and Scott Fawell are no doubt sweating who among the indicted sings next.

Glennon was simply the recent, but not yet the last.