A former Illinois county board chairman who also previously worked for State Farm Insurance Co. as a consultant has been sentenced to 12 months and a day in federal prison after being convicted of a wire fraud scheme.
In November, Matt Sorensen, 51, pleaded guilty to defrauding a Chicago consulting firm McKinsey and Co. of nearly $500,000, The Pantagraph reported. Navdeep Arora, a staffer at the company that work for State Farm, has also pleaded guilty and is scheduled to be sentenced Oct. 18.
Sorensen, a former McLean County Board chairman, was indicted in August 2015 on five wire fraud counts in connection with being an internal consultant for State Farm.
Authorities said the fraud took place between 2003 and 2012. Sorensen stopped working with State Farm about three years ago and resigned his county board seat shortly after the indictment.
“I should have known better,” Sorensen said. “I did know better but I agreed to take it.”
Stuart Chanen, Sorensen’s attorney, said he and his client were “pleased with the sentence.”
“The judge took the whole person into account and the service Matt provided to the community over many, many years,” Chanen said.
Prosecutors had asked the judge to consider a more than 2-year sentence.
Sorensen is required to report for federal custody Nov. 27. He must serve at least 85 percent of his sentence and will be on parole for a year after he’s released.
Copyright 2017 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Want to stay up to date?
Get the latest insurance newssent straight to your inbox.
Powered by WPeMatico