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Two charged in alleged Towanda grain fraud

Tue, 23 Apr 2013 09:21:47 CDT
By: AP

A McLean County farmer and a former grain company manager will be tried in federal court in June on charges they organized a $14 million fraud scheme. Robert Printz of Fairbury and former Towanda Grain Company manager Timothy Boerma of Lincoln are scheduled to be tried June 17 in federal court in Peoria. Printz is charged with mail and wire fraud and money laundering. Boerma faces wire fraud and other charges. The two are accused of working together to defraud Towanda Grain Company, Printz's creditors and others. Both have pleaded not guilty. The state Department of Agriculture took the grain company over in 2010 after it was notified of financial irregularities. Another company later bought the assets.

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