PEORIA (AP) – A former Urbana investment adviser has been sentenced to more than 12 years in prison for defrauding clients of millions of dollars.
The U.S. Department of Justice says 57-year-old Timothy J. Roth was sentenced Thursday in federal court in Peoria to 12 years and seven months in prison. Roth was also ordered to pay $16.15 million in restitution to people who lost money. He pleaded guilty to mail fraud and money laundering in October.
The Justice Department says Roth admitted that he moved mutual fund shares out of clients' accounts and sold them to use the money himself.
Roth worked for a Champaign money-management firm at the time. He had since moved to Stonington, just southwest of Decatur.
State News
February 1, 2013
Ill. investment adviser gets 12 years in prison
- State News
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Democrats to try again on Madigan's pension bill
CHICAGO (AP) — A solution to Illinois' worst-in-the-nation state pension crisis remained far from reach Friday, as legislative leaders and Gov. Pat Quinn said they would try again to pass a plan backed by House Speaker Michael Madigan — one that failed in the Senate last month and is unlikely to pass next week.
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Coroner: S. Illinois police chief kills self
FAIRVIEW HEIGHTS, Ill. (AP) — A coroner says a southwestern Illinois police chief who was suspended after being accused of felony misconduct has committed suicide.
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Storms pelt Midwest with rain, winds, hail
CHICAGO (AP) — A massive line of storms packing hail, lightning and tree-toppling winds began rolling through the Midwest Wednesday evening and could affect more than one in five Americans from Iowa to Maryland before subsiding.
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Daley set to challenge Democratic governor in Ill.
CHICAGO (AP) — A rare intra-party battle began taking shape Tuesday among big-name Democrats in Illinois, as former White House chief of staff Bill Daley positioned himself to try to unseat a governor he blames for failing to resolve the state's financial crisis and other pressing issues.
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Math professors find work of teenage Lincoln
If the discovery of some teenager's math calculations written out nearly 200 years ago doesn't seem too exciting, consider the student: Abraham Lincoln.
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DOC official quits after harassment investigation
The deputy director for the Illinois Department of Corrections' southern district has resigned following investigations of sexual harassment.
Continued ... - Despite windfall Illinois still lags on bills
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- Senate Democrats want more school money, not cuts
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Democrats to try again on Madigan's pension bill
