Iowa man sentenced
in crop loan fraud
An Iowa man has been sentenced to prison for making false statement to a federal agency on crop loans.
The U.S. attorney's office says Friday (nOV. 4) that Donald Yotter, of Oakville, pleaded guilty to three counts of making a false statement and was sentenced to three concurrent terms of a year in prison.
Prosecutors say Yotter farmed in Henry and Louisa counties. From April 2005 to December 2006, he applied for three separate crop loans totaling nearly $342,000. He pledged corn and soybeans as collateral.
Spot checks by the Farm Service Agency found the crops didn't exist, were improperly sold or weren't in the designated storage location. Yotter hadn't gotten approval from the agency to remove or dispose of the crops.