Law360 (April 6, 2021, 9:06 PM EDT) — A holding company owner who admitted to lying about price increases to fraudulently inflate his profits in contracts with the city of Chicago was sentenced to two years of probation Tuesday in Illinois federal court.
U.S. District Judge Gary Feinerman imposed the sentence on McClendon Holdings LLC owner John McClendon about five months after he pled guilty to a wire fraud charge he faced over claims he lied about price creases for about two years to increase profits under a five-year, $11.7 million butterfly valve supply contract and a five-year, $1.45 million pavement marking supply contract his company had been awarded…
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“From election law to environmentalism to radical social agendas to the Second Amendment, parts of the private sector keep dabbling in behaving like a woke parallel government,” the Kentucky Republican said in a statement Monday. “Corporations will invite serious consequences if they become a vehicle for far-left mobs to hijack […]
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