Caterpillar Theft Suspect Pleads Guilty

Published 05/12 2014 05:58PM

Updated 05/12 2014 06:00PM

The last of two men, arrested in connection with a million dollar theft from Caterpillar last year, pleads guilty today and is sentenced to seven years in prison.

Fifty-year- old, John Peters of East Peoria changed his plea today.

He and thirty five-year-old, Eliot Wells of Peoria were accused of theft in what police call a three year scheme.

Police, using a search warrant at Peters’ house, say they found $300,000 of Caterpillar property.

The two former contract workers allegedly carried the stolen items out in a lunch bag and used an eBay account to sell them over the internet.

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