A former southwestern Illinois grain elevator owner has been sentenced to a year and three months in federal prison for committing mail fraud.
Forty-eight-year-old John Kniepmann of Breese also was ordered in U.S. District Court in East St. Louis to repay more than $108,000.
Kniepmann pleaded guilty in December to two counts of mail fraud.
Federal prosecutors say Kniepmann admitted he fraudulently increased an insurance claim by more than $34,000. The claim dealt with a 2006 fire at his Consolidated Exchange business in Clinton County.
He also admitted he defrauded a financial institution by selling $87,000 worth of grain that was collateral for a loan taken out by his businesses, then hiding the sale.
Was this article valuable?
Here are more articles you may enjoy.
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case
US Will Test Infant Formula to See If Botulism Is Wider Risk
One out of 10 Cars Sold in Europe Is Now Made by a Chinese Brand
China Executes 11 People Linked to Cyberscam Centers in Myanmar