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Central Illinois Farmer-Former Grain Manager Sentenced

Two Men Sentenced for Fraud Scheme

A Central Illinois farmer and a former manager of the Towanda Grain Company, accused of being part of a 14 million dollar fraud scheme, were sentenced Wednesday in Peoria federal court. 46 year old farmer, Robert James Printz of Fairbury was sentenced to 10 years in prison and ordered to pay restitution of $7,038,537 after pleading guilty last year to money laundering and wire fraud, according to a release from the U S Attorney's office. Meantime, Timothy Boerma of Lincoln, who pleaded guilty to wire fraud, was sentenced to 6 years in prison and ordered to pay restitution of $6,730,594. Prosecutors accused the men of defrauding the elevator, Printz creditors and others. Under terms of the agreement, Printz agreed to forfeit a 2010 Lincoln Navigator, diamond jewelry, two Rolex watches and a 5th wheel camper.
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