|
Lincoln man indicted by feds for fraud in grain elevator operations
Send a link to a friend
[October 04, 2011]
(AP) -- Federal prosecutors have
announced the indictment of a central Illinois farmer and the
manager of a grain elevator, Lincoln resident Timothy Boerma, for
allegedly participating in a $14 million fraud scheme.
|
 Robert Printz of Fairbury and Boerma are accused of mail and wire
fraud, with Printz also charged with bank fraud and money laundering
in connection with operations at the former Towanda Grain Co.
Towanda Grain was closed by the state in May 2010 for alleged
financial discrepancies. Boerma was manager at the time.
According to the indictment, Printz and Boerma worked together to
defraud Towanda Grain Co., Printz's creditors and others.
Printz's attorney, Joel Brown of Peoria, refused to comment on
the indictment. Boerma's attorney, public defender Rob Alvarado,
could not be reached for comment.
[Associated Press]
Copyright 2011 The Associated Press. All rights reserved. This
material may not be published, broadcast, rewritten or
redistributed. |
 |
