Iowa farmer gets prison for bank fraud

Pleaded guilty to lying about amount of crops he had in storage.

Posted: Feb 11, 2018 9:42 AM

CEDAR RAPIDS, Iowa (AP) - A Lake City farmer has been sentenced to 18 months in federal prison for committing fraud to get bank loans, crop insurance proceeds and ease a bankruptcy burden.

Federal prosecutors say 36-year-old Clint Devries was sentenced Wednesday after pleading guilty in September to two counts of making false statements and one count of bankruptcy fraud.

Prosecutors say he lied from 2013 through 2015 to a bank about the amount of crops he had in storage and other things to obtain farm operating loans. He later defaulted on more than $400,000 in loans from the bank. Officials say he also lied to the Federal Crop Insurance Corporation to fraudulently obtain crop insurance proceeds, and that in 2015, he lied to a bankruptcy trustee about sales of his crops.

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