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Bloomberg is reporting that a Chicago-area motorcycle dealer and his accountant were sentenced to prison for a financing fraud in which 18 lenders, including Fifth Third Bank, lost more than $58 million.
Russell Ott, 51, of Oswego, the owner of Pro Source Motorsports in Morris, was sentenced to 13-1/2 years.
Accountant Brian McMahon, 55, of Naperville, was sentenced to 2-1/2 years, according to U.S. Attorney Zachary Fardon.
Read more at Bloomberg.com
