Earlville farmer convicted of stealing corn - KWWL - Eastern Iowa Breaking News, Weather, Closings

Earlville farmer convicted of stealing corn

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CEDAR RAPIDS (KWWL) -- An Earlville farmer pleaded guilty Friday to stealing corn mortgaged to the Commodity Credit Corporation.

According to court records, Chris Wessels, 49, got a government loan on his corn crop and then sold the corn without repaying the loan.

Court officials say that in 2007, Wessels got a nine-month farm storage loan for $61,440 from the Commodity Credit Corporation and secured the loan through the mortgage of 32,000 bushels of 2007 corn as collateral.

In October 2008, the CCC demanded delivery of the corn because the loan repayment was overdue. After a spot check on the bin, they found it was gone.

They found Wessels had sold the corn, without permission, to pay other bills. 

Wessels faces up to 5 years in prison, a $250,000 fine and three years of supervised release following prison time.

A sentencing date has not been set.

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