Kentucky farmer pleads guilty in fraud conspiracy, agrees to pay government $1.9 million
A
Wisdom, of
Wisdom admitted that over several crop years, he wrote checks showing he bought tobacco from
Wisdom used the checks to support claims for insurance payments by making it appear he had grown less tobacco than he actually had.
In reality, the warehouse paid him back for those check, though it kept a cut in some cases, according to his plea agreement.
Wisdom also wrote checks to other farmers from 2015 through 2020 to make it appear he had bought tobacco from them, according to the plea.
The court document did not identify the other farmers.
Wisdom also admitted reporting tobacco production on the wrong farms to support claims that his crops were short.
The indictment against Wisdom charged that he sold tobacco on other farmers’ contracts, or in the names of other people, to hide how much tobacco he actually produced.
Wisdom faces up to five years in prison. U.S. District Judge
The restitution Wisdom owes would go to the
Federal authorities have obtained convictions against more than two dozen people in
©2025 Lexington Herald-Leader. Visit kentucky.com. Distributed by Tribune Content Agency, LLC.
CT senator wants to restrict insurance companies from using AI to decide health care
Triple-I: Florida’s P/C Market Stabilizing Due to Legislative Reforms that Curbed Legal System Abuse Practices of Billboard Attorneys
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News