KBHB BIG 81
LISTEN LIVE
-
KBHB ON DEMAND
facebook



Prison sentenced ordered for rancher in lending scam


News Staff - March 5, 2018

OMAHA, NB - A 24-year-old rancher was sent to prison for a year and ordered to pay restitution of $275,400 for scamming the federal Farm Services Agency in South Dakota.

Paxton Carrier, whose address is listed as Harrison, Neb., near the far southwest border with South Dakota, was sentenced last week in federal court by Chief Judge Jeffrey Viken for his conviction called conversion of mortgaged property.

According to court documents, the charge related to Carrier obtaining a loan from the FSA and then selling his cattle and ranch equipment that was collateral on the loan. Rather than paying the FSA loan as required after the sale of the collateral, Carrier used the proceeds to pay other debts and purchase personal items.

Carrier never made a payment on the FSA loan, said the documents.

The case was prosecuted by the South Dakota U.S. Attorney’s office and investigated by the  U.S. Department of Agriculture’s Office of Inspector General.

Carrier was charged last April and entered his guilty plea in November.



kbhbradio.com
Phone number: 605-347-4455
E-mail: [email protected]
Address: 1612 Junction Avenue, Suite #1
Sturgis, SD 57785
  BIG 81 ON FACEBOOK
  WEATHER
  MARKET NEWS