Eric Dean Troutt, 40, Sandoval, Illinois, pled guilty to the offenses of Tax Evasion and Making a False Statement to a Financial Institution. The offenses carry a total statutory maximum possible punishment of up to thirty-five years imprisonment, a fine of up to $1,250,000, five years supervised release, and mandatory restitution. Sentencing is scheduled for April 16, 2007.

Troutt admitted as part of the plea that he evaded the assessment of federal income tax on his 2003 U.S. Individual Income Tax Return by not reporting approximately $200,000 he received as payment for legal services, by filing a false tax return, and by using a trust account to conceal the income. Troutt used the unreported income to purchase luxury vehicles, real estate property, and luxury furniture as well as other various purchases, including credit card and student loan payments. Troutt also admitted as part of the plea that he filed a false Uniform Loan Application with Old National Bank. Troutt applied for a home mortgage with Old National Bank and falsified his loan application to influence the bank and gain approval of his mortgage loan.