PEORIA, Ill. – A grand jury indicted Chad D. Campen, 32, of the 6100 block of Pfeiffer Road, in Peoria, Illinois on January 19, 2022, with 17 felony counts related to a bank fraud scheme. Campen was arrested on January 24, 2022, and appeared in front of U.S. Magistrate Judge Jonathan E. Hawley at the federal courthouse in Peoria today for an initial appearance.

The indictment, which was unsealed at the hearing, charged Campen with five counts of bank fraud; eight counts of wire fraud; two counts of illegal monetary transaction; one count of bankruptcy fraud; and one count of false statements under oath. The indictment alleges that beginning as early as January 2013, Campen engaged in a scheme to defraud in which he made a number of false and fraudulent statements to banks and others. Specifically, the indictment alleges that he obtained funds by falsely claiming his success in multiple business ventures and falsely representing to others the amount of land he was farming, that he sold agricultural inputs, that he had substantial amounts of grain stored, his assets, and his overall financial status.

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