As a retired auditor with the State of Illinois and a former member of the Madison County Board, I read the newspapers carefully to see what’s being investigated and what is not.
The mayor of Collinsville is accused of taking several loads of dirt — from a contractor who does business with the city and then, with the help of his allies on the city council, firing the city manager who wouldn’t look the other way.
A truckload of top soil sells for about $500.
But what about the $500 million of bonds that former Democrat Madison County Treasurers Fred Bathon and Frank Miles purchased from one Little Rock, Ark., bond salesman, with no bidding and commissions that have been called greatly excessive?
Never miss a local story.
Why would Bathon and Miles go all the way to Little Rock to pay millions of dollars to one salesman?
Aren’t these the same two who took money from tax buyers (Bathon $150,000 and Miles $20,000) that landed Bathon in federal prison.
Current Treasurer Kurt Prenzler was the bulldog who pushed a regulatory claim against the bond salesman’s company, which paid $340,000 to settle the case, without admitting to the claims.
It’s high time that Gibbons either investigates this himself, or demands the U.S. Attorney do it.