That's what NBC 5 and the AP are reporting.

More details to come ...

UPDATE: The Tribune has the indictment summary.

UPDATE II: Here's Obama's response:

"I'm saddened by today's verdict," Obama said Wednesday. "This isn't the Tony Rezko I knew, but now he has been convicted by a jury on multiple charges that once again shine a spotlight on the need for reform. I encourage the General Assembly to take whatever steps are necessary to prevent these kinds of abuses in the future."