A businessman from Illinois has been sentenced to one year and four months in prison after being found guilty of a $1 million bid-rigging scheme, say reports.
Barrett Rochman was sentenced Tuesday by US District Judge David Herndon; in addition to prison time, recommended by federal officials, the executive has also been ordered to pay a $30,000 fine.
Rochman is reportedly the fourth individual sentenced to prison for the bid-rigging scheme, which was spearheaded by former Madison County Treasurer Fred Bathon. Bathon reportedly inflated tax rates for struggling homeowners between 2005 and 2008 by letting tax buyers hike costs in exchange for campaign contributions.
Full Content: Miami Herald
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI