Coggon farmer gets eight years in federal prison for fraud
CEDAR RAPIDS (KWWL) -
A Coggon hog farmer will spend eight years in federal prison after being convicted of defrauding an Iowa bank out of nearly $7 million.
David LeClere, 59, pleaded guilty to one count of bank fraud on March 12.
According to court records, LeClere admitted that from March 2007 through May 2009 he inflated the number and weight of his hogs, reported that packing plants owed him more money than they did and redeposited checks received from packing plants.
In all, the bank claimed it lost at least $6.9 million.
LeClere was sentenced to eight years in prison, ordered to make $8,274,887.69 in restitution to the bank and must serve five-years of supervised release after his prison term.