ST. PAUL, Minn. – A Becker man was sentenced to pay $1,403,578.40 in restitution, serve three years’ probation, and 150 hours of community service for converting collateral that secured loans from the U.S. Department of Agriculture.
According to court documents, in 2017 and 2018, Robert Waldon John Anderson, 67, used false and fraudulent statements to obtain five Commodity Credit Corporation (CCC) loans through a federal farm loan program administered by the Farm Service Agency (FSA) of the U.S. Department of Agriculture (USDA). As part of the loan terms, Anderson pledged to maintain bushels of corn as collateral, agreeing not to move or dispose of them without prior approval of the CCC.
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