Rubashkin released ahead of federal trial - KWWL - Eastern Iowa Breaking News, Weather, Closings

Rubashkin released ahead of federal trial

Rubashkin walking out of a courtroom following his initial arrest. Rubashkin walking out of a courtroom following his initial arrest.

DUBUQUE (KWWL) -- Former Agriprocessors CEO Shalom Rubashkin has been released on $500,000 bond while awaiting federal trial.  A bonding company paid a $50,000 guarantee, or 10% of the total bond amount.

Rubashkin walked out of the Dubuque County Jail, where he was being held, around 3:30 p.m. Wednesday.  His release comes one day after a federal judge overturned a ruling denying him a pre-trial release.

There was no fanfare in Wednesday's release; no friends or family, just attorneys.  Rubashkin had two cardboard boxes of belongings to take home.

After leaving the Dubuque County Jail, Rubashkin and his two lawyers got in a taxi and then flew to Cedar Rapids where Rubashkin was to meet with a U.S. probation officer, per the release agreement.  Rubashkin will also be required to wear an ankle monitoring device.

Rubashkin faces federal on three separate indictments for immigration, money laundering and bank fraud charges.  A judge initially deemed him a flight risk and ordered he remain in jail until his trial.   Rubashkin was released following the first indictment.  Federal prosecutors say agents found Rubashkin with passports and cash in a duffle bag when they served the second indictment.

Online Reporter:  Jamie Grey

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