Herrin Man Indicted for Bank Fraud
|U.S. Attorney’s Office May 10, 2013|
Mark P. Troehler, 38, of Herrin Illinois, was indicted by a federal grand jury sitting in Benton, Illinois, on May 9, 2013, and charged with bank fraud, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced today. The offense carries a maximum sentence of up to 30 years’ imprisonment, a fine of up to $1,000,000, and mandatory restitution.
The indictment alleges that Mark P. Troehler, from January 2010, and continuing to until August of 2010, engaged in a scheme to defraud the Bank of Marion in Marion, Illinois, of $71,000. According to the indictment, Mark P. Troehler, who was at the time a contractor, took out a loan from the bank to build a home in Herrin, Illinois, and then utilized the funds for personal and unrelated business expenses, while supplying false documents to the bank indicating the funds were being used to build the home. Troehler ultimately defaulted on the loan.
An indictment is a formal charge against a defendant. Under the law, a defendant is presumed to be innocent of a charge and is entitled to a fair trial at which the government must prove guilt beyond a reasonable doubt.
The case was investigated by agents of the Federal Bureau of Investigation. The case is being prosecuted by Assistant United States Attorneys Ranley R. Killian.