Businessman sentenced for fraud
A suburban 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 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 posed as a 30 percent partner with the Siemens subsidiary when the larger company sought the $49 million contract. The Siemens subsidiary also was ordered to pay $2.5 million in fines and restitution.
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