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2 Charged In $1,000,000 Caterpillar Theft

Tue, 17 Sep 2013 16:41:40 CDT
By: AP

Two central Illinois men are facing charges after authorities say they stole more than $1 million in equipment from Caterpillar Inc. Fifty-year-old John Peters of East Peoria and 35-year-old Eliot Wells of Peoria are each being held on $500,000 bond in the Tazewell County Jail. Both have ties to the Peoria-based heavy equipment maker. Peters used to work for Caterpillar, while Wells is a current employee. Court document show the stolen machinery was being sold on eBay. Caterpillar officials said in a statement that they're working with authorities as part of the investigation into the thefts.

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