ROCKFORD (WIFR) – A former Lake in the Hills man, Edward F. Bachner IV, was sentenced today to serve 7 years and 8 months in federal prison for one count of wire fraud and one count of possession of a neurotoxin, Tetrodotoxin (TTX) with the intent to use it as a
Bachner pleaded guilty on Aug. 2, 2011,to engaging in a scheme to obtain money from insurance companies, admitting that he fraudulently purchased a $20 million life insurance policy on an unnamed individual. Bachner planned to profit from the death of the individual by collecting the life insurance proceeds. In addition, Bachner also admitted to posing as “Dr. Edmund Backer” and obtaining TTX, a deadly neurotoxin, in order to use it as a weapon.
Bachner, 39, was ordered to serve the 92-month sentence by U.S. District Judge Frederick Kapala in Federal Court in Rockford. Bachner as also ordered to serve 64 months’ imprisonment on one count of filing a false tax claim, with the sentences to be served concurrently. Judge Kapala also ordered Bachner to pay restitution of $512,396 to the United States Treasury Department.