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US: Missouri bid-rigging lands two in jail

By  |  February 20, 2014

Two individuals were sentenced to prison time for antitrust violations, say reports, in a case that found the individuals benefitted from a bid-rigging scheme.

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    In separate hearings, John A. Vassen and Scott Key McLean were sentenced to two years in prison and 18 months in prison, respectively. The two purchased foreclosed houses in a rigging bidding scheme.

    The collusion was reportedly headed by then-Madison County treasurer Fred Bathon.

    The two individuals were also each ordered to pay a fine of $25,000.

    According to reports, the convicted had made hundreds of thousands of dollars in excess interest.

    Full Content: St. Louis Post-Dispatch

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