Mortgaged Corn Stolen

By: Associated Press Email
By: Associated Press Email

The U.S. attorney's office says Chris Wessels, of Earlville, received a government loan on his corn crop and then sold it without repaying the loan.

Wessels pleaded guilty on Friday in federal court in Cedar Rapids to one count of stealing corn mortgaged to the Commodity Credit Corporation.

Prosecutors say the corn was mortgaged in 2007 as a security for a $61,000 loan, but he sold the corn to pay other bills.

Wessels faces up to 5 years in prison. No sentencing date is set.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WOWT NBC Omaha 3501 Farnam Street Omaha, NE 68131 (402) 346-6666
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 114859429 -
Gray Television, Inc.