SEVERE WX : Flood Warning View Alerts

Howard County farmer sentenced to federal prison

Failed to repay a federally-guaranteed loan.

Posted: Sep 21, 2018 12:38 PM

CEDAR RAPIDS, Iowa – A Howard County farmer is going to federal prison for cheating the U.S. Department of Agriculture (USDA).

David Pitz, 36 from Elma, pleaded guilty in April to one count of conversion of property pledged to a farm credit agency. Pitz confessed as part of his plea agreement to getting a $125,000 guaranteed line of credit from the USDA to help get a loan from a local bank. Pitz was required to use any farm-related income to repay that loan. Instead, he admits using $117,020.68 in crop sale proceeds for personal expenses.

Federal officials say after interest and other fees, Pitz owed the bank and the USDA over $177,000.

Pitz is sentenced to 10 months behind bars, followed by three years of supervised release, and must pay restitution.

Article Comments

Mason City
Few Clouds
74° wxIcon
Hi: 74° Lo: 56°
Feels Like: 74°
Albert Lea
Clear
70° wxIcon
Hi: 70° Lo: 57°
Feels Like: 70°
Austin
Scattered Clouds
72° wxIcon
Hi: 73° Lo: 57°
Feels Like: 72°
Charles City
Clear
70° wxIcon
Hi: 70° Lo: 55°
Feels Like: 70°
Rochester
Broken Clouds
62° wxIcon
Hi: 65° Lo: 54°
Feels Like: 62°
Showers coming back for the work week.
KIMT Radar
KIMT Eye in the sky

Latest Video

Storm Team 3: After heavy rain this weekend, more is on the way

Image

Ride to Fight Suicide hopes to prevent suicide

Image

Bridgeport Marina Projects looks to make Albert Lea safer

Image

Famous potato raises money for Rochester Flyers

Image

Dog attack in Mason City

Image

Mason City man attacked by dog

Image

SX Weather Cutin June 15

Image

Cutin June 15

Storm Team 3: Severe storms possible this afternoon and evening

Image

Williamson heads to Mariners

Community Events