Bank chairman sentenced for fraud

EAST ST. LOUIS, Ill. (AP) - A southern Illinois businessman who federal investigators say made $1 million in a Madison County bid-rigging scandal has been ordered to spend more than a year in prison.

U.S. District Judge David Herndon sentenced 71-year-old Barrett Rochman of Makanda on Tuesday to a year and four months behind bars. Rochman also was fined $30,000.

Rochman is the fourth person sentenced to prison in connection with a price-fixing scheme orchestrated by then-Madison County Treasurer Fred Bathon. Authorities say the wrongdoing involved Bathon's structuring the county's tax sales to permit the tax buyers to charge distressed homeowners inflated interest rates from 2005-2008 in exchange for campaign contributions.

Bathon pleaded guilty and is serving two and a half years in prison.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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