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East Peoria Man Sentenced For Caterpillar Co Theft

Thu, 15 May 2014 08:44:30 CDT
By: AP

An East Peoria man was sentenced to seven years in prison after he pleaded guilty to stealing pricy equipment from Caterpillar Inc.
50-year-old John Peters pleaded guilty to felony theft charges. Authorities say he and another man stole items valued at about $1 million from the Peoria-based manufacturing company. They made almost $500,000 re-selling the goods on eBay. Investigators say Peters used the money to buy motorcycle equipment and other items. Another man, 35-year-old Eliot J. Wells, was sentenced to five years in prison in March after he agreed to plead guilty. Both men had ties to the Peoria-based heavy equipment maker, working for a contractor.

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