Becker-Maisbauer has to pay off USD 1.4 million in USDA mortgage fraud case – WCCO

BECKER, MINN. (WCCO) – A federal pass judgement on ordered a Becker farmer to pay off $ 1.4 million in loans he stole from the U.S. Department of Agriculture.

U.S. prosecutors say Robert Waldon John Anderson, 67, took out 5 loans with the Commodity Credit Corporation between 2017 and 2018, courtroom information mentioned. Anderson used to be to stay bushels of corn as collateral below his settlement with the CCC.

However, a place take a look at through the Farm Service Agency in overdue 2018 printed that its kernels of corn have been almost empty. Further investigation printed that Anderson offered the corn below the title of a circle of relatives member and in addition fraudulently raised different loans through submitting below the names of different members of the family.

Investigators say Anderson stole a complete of $ 1,425,718 from the USDA. He pleaded responsible in May of depending on CCC collateral conversion.

Anderson additionally has 3 years probation and 150 hours of neighborhood carrier.

Leave a Reply

Your email address will not be published. Required fields are marked *