N.C. Farmer Pleads Guilty To Million Dollar Crop Insurance Fraud
Targeted News Service |
Robeson County Farmer Pleads Guilty to Million Dollar Crop Insurance Fraud, Aggravated Identity Theft, Money Laundering, Firearm Offense, and Threat to Law Enforcement
U.S. Attorney Walker stated, "This investigation exemplifies how our nation's law enforcement officers place their lives at risk in the investigations of crimes, even white collar offenses. Such intimidation tactics will not be tolerated in the pursuit of justice for the American people and the protection of public funds."
According to the Indictment returned by a federal grand jury on
Specificially, CANADY worked with a co-conspiring insurance agent, warehousemen, brokers, and adjusters to make false crop insurance claims, and to hide some or all of his crop production by selling it in nominee names or the names of family members, or for cash to co-conspiring warehousemen. CANADY profited under the scheme because he was paid twice for each pound or bushel of his crop: once through the false crop insurance claim, and also through the sale of the "hidden" tobacco or "hidden" grain. CANADY and other co-conspirators misrepresented the truth of farm operations in a variety of documents, including applications, reports of actual production history, acreage reports, and claim forms made and submitted in support of crop insurance coverage and claims that failed to truthfully show who had an insurable interest and who really suffered a loss and the extent of that loss which were submitted to the
For example, law enforcement determined that CANADY, without authorization, used the name of his grandchildren, to hide some of his soybean production. Specifically, on
The investigation further revealed that CANADY took the criminal proceeds obtained through other acts of aggravated identity theft and federal crop insurance fraud, and engaged in various financial transactions with those funds, including causing his daughter to deposit an
In an effort to increase the amount of money he could defraud from the federal crop insurance program, CANADY created and used a new corporation, MC FARMS CO., INC.. CANADY caused another person to submit false documents to the
During the course of the investigation, law enforcement received information that CANADY unlawfully possessed firearms. During the execution of a
CANADY, who was aware of the federal investigation since at least 2008, made several threats against law enforcement. Most recently, on
"IRS-CI is committed to ensuring that fraud in the federal crop insurance program is thoroughly investigated. We will continue to work with the
The criminal investigation of this case was conducted by
TNS JF78JF-121222-4150322 EditorFurigay
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