Ohio grain handler pleads not guilty to stealing $3.5 million from farmers - Entrepreneur Generations

Monroeville (Wikipedia image)

A grain-handling business operator from Monroeville, Ohio, pleaded "not guilty" on Dec. 20 to 41 charges for allegedly keeping about $3.5 million in profits from grain sales, Cary Ashby reports for the Norwalk Reflector in Ohio. Richard Schwan, 78, was indicted Nov. 17 by a Huron County grand jury for the following charges:

• Seven counts of aggravated theft, all first-degree felonies
• Six counts of grand theft, all fourth-degree felonies
• Six counts of theft from the elderly, all third-degree felonies
• Nine counts of falsification in a theft offense, all third-degree felonies
• Three counts of insolvent handler not to accept deposits, all fourth-degree felonies
• One count of delayed price agreement, a fifth-degree felony
and nine counts of falsification, all first-degree misdemeanors.

 Specifically, Schwan, who was doing business as Schwan Grain Inc., is accused of illegally keeping back $3.5 million in grain sales that he made on behalf of 35 grain farmers. He also allegedly filed financial reports and documents with the state Dept. of Agriculture that "falsely reported and concealed his liabilities and the monies which he owed to farmers after he reportedly sold their grain and kept the proceeds," Ashby reports.

Schwan was released on bail and is scheduled for trial on April 24.

from The Rural Blog http://ift.tt/2CWwrqW Ohio grain handler pleads not guilty to stealing $3.5 million from farmers - Entrepreneur Generations

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