Former Chillicothe resident, Randy Constant, 61, will be sentenced in Federal Court on Aug. 16, for his part in a $142 million grain scheme, according to a report from MissouriNet.
Federal prosecutors in Iowa say Constant , a former Chillicothe R-II School board member, pleaded guilty in federal court in December to one count of wire fraud. Constant entered his guilty plea, the same day he was charged.
Constant faces a maximum sentence of 20 years in federal prison and a fine of up to $250,000.
Assistant U.S. Attorney Morfitt says Constant admits the grain fraud scheme is more than $142 million. Constant misled customers into thinking they were buying certified organic grain when it was not organic and told them that the grain he was selling was being grown on certified organic fields in Nebraska and Missouri, when in fact Constant knew the fields were being sprayed with unauthorized substances. The crimes date back to 2010.
When Constant plead in December, he agreed to forfeit about $128 million in proceeds from the fraudulent scheme.
The three Overton, Nebraska farmers who also pleaded guilty to the scheme will also be sentenced on August 16 in Cedar Rapids. The three farmers, also pleaded guilty to one count. each of wire fraud.