Businessman gets 33 months for contract fraud
Court Alerts
A Chicago-area businessman has been sentenced to 33 months in prison for helping an American subsidiary of Siemens AG land a fraudulent contract with Cook County's Stroger (STROH'-jer) Hospital.
Faust Villazan of Western Springs pleaded guilty in May to one count of wire fraud and one count of mail fraud.
Villazan is the former owner of the since-dissolved Faustech Industries. The company qualified as a minority-owned business and allegedly posed as a 30% partner with the Siemens subsidiary when the larger company sought the $49 million contract.
The Siemens subsidiary was also ordered to pay $2.5 million in fines and restitution.
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