Madison County Board Chairman Alan Dunstan is calling for patience from fellow representatives. In a press release issued Wednesday, Dunstan stated his support for restitution to property owners impacted by the property tax sale scheme orchestrated by former Treasurer Fred Bathon, but said restitution should come from the conspirators, not taxpayers in Madison County.
Dunstan also applauded the efforts of U.S. Attorney Steve Wigginton, whose investigation into the case is still ongoing. He says that the county only received the delinquent taxes and not any of the additional money collected as interest in the scheme led by Bathon.
Bathon was convicted of violating the Sherman Antitrust Act in 2005 and 2008 by structuring delinquent property tax sales in such a way that eliminated competitive bidding and allowed the tax buyers to engage in price fixing by only bidding the statutory maximum interest rate of 18%. As a result, he will forfeit his entire public pension. Sentencing in the case has been scheduled for May 17th.