Nelson pleads guilty to $300,000 cattle fraud
United States Attorney, Tammy Dickinson, for the Western District of Missouri, announced that a Braymer man, Garland Joseph “Joey” Nelson, pleaded guilty in federal court to a cattle fraud scheme that the government contends resulted in losses of nearly $300,000 to his victims.
Nelson, 21, of Braymer, waived his right to a grand jury and pleaded guilty before U.S. District Judge Howard F. Sachs to federal information that charges him with fraud using property mortgaged or pledged to farm credit agencies in a three-part fraud scheme that caused a combined loss of at least $293,772. Nelson admitted that he engaged in a scheme to sell at least 114 mortgaged head of cattle that were pledged to the Farm Service Agency (FSA), without notifying FSA of the sales, from April 1, 2013 through June 2014. Nelson admitted he kept the funds for his personal use instead of instructing purchasers to give the checks to FSA as well as to him and did not remit the bulk of the sale proceeds to FSA, as required by the terms of his loans.
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