Delhi Farmer Sentenced for Lying to Various Business and Government Entities to Steal Nearly $18 Mil

[TexasTowelie]

Delhi Farmer Sentenced for Lying to Various Business and Government Entities to Steal Nearly $18 Million


MONROE, La. – A Delhi, Louisiana, farmer was sentenced today to 10 years in federal prison followed by three years of supervised release, for lying to more than seven financial institutions, insurance providers and government entities in an effort to obtain over $18 million illegally, announced United States Attorney David C. Joseph.

U.S. District Judge Terry A. Doughty also ordered Thomas A. Dickerson to pay $18,048,304.71 in restitution to the victims for the money he stole during the course of the scheme. Dickerson pled guilty on July 15, 2019.

According to court documents and information provided to the court, Dickerson was a Franklin Parish Louisiana farmer who, during the 2015 crop year, used at least 13 farming entities he was either a part of or was the sole owner of to certify farming acreage in Catahoula, Franklin, Tensas, Richland, Madison and Morehouse parishes in Louisiana, as well as Ashley, Chicot and Drew Counties in Arkansas. He applied for crop production and grain storage loans from AG Resource Management, farm operating loans from various FDIC insured banking entities, credit from seed and chemical dealers such as Greenpoint AG, LLC and Jimmy Sanders Seed, advances on contracts with Kennedy Rice Dryers, insurance policies and claims from Producers Agriculture Insurance Company and CGB Insurance Company, and several marketing assistance loans from the Commodity Credit Corporation. Dickerson lied on many of these applications in order to obtain loans and other compensation by overstating or understating the amount of crops produced or claiming crops as collateral when he’d already sold the crops or didn’t possess them.

“The sentence imposed today should serve as a warning to those who engage in fraudulent practices and schemes,” U.S. Attorney Joseph stated. “Mr. Dickerson’s conduct in this case caused significant financial loss to victims throughout northeast Louisiana. This type of behavior will not be tolerated in the Western District of Louisiana.”

Read more: https://www.justice.gov/usao-wdla/pr/delhi-farmer-sentenced-lying-various-business-and-government-entities-steal-nearly-18

[3Hotdogs]

1. So he lied on loan applications. So what? Everybody does it.

Why I just read about a real estate businessman in N.Y.C. who lied on loan applications. Nothin's happened to him.