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January 15, 2009
A farmer pleaded guilty to defrauding the U.S. Department of Agriculture when he sold the grain used as loan collateral for a mortgage.
Daryl Ihde, 54, formerly of Iowa, now of Wisconsin, admitted to wrongfully selling over $38,000 in corn out of trust that had been mortgaged to a USDA agency called Commodity Credit Corporation. Ihde faces up to five years in prison and a fine of up to $250,000.
Read story at TwinCities.com
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