His brother, Nashville, Tenn., businessman Robert Blagojevich, had faced charges associated with that alleged scheme as well. Judge James B. Zagel set a hearing for Aug. 26 to decide manner and timing of their retrial.
The count on which Blagojevich was found guilty included accusations that he lied to federal agents when he said he did not track campaign contributions and kept a "firewall" between political campaigns and government work. It carries a sentence of up to five years in prison.
The verdict came on the 14th day of deliberations. Jurors had asked earlier Tuesday for advice on filling out their verdict forms and a copy of the oath they took before deliberating.
Zagel said Blagojevich's bond will stay the same.