Reality TV star admits to multi-million dollar crop insurance fraud - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 7, 2024 Newswires
Share
Share
Post
Email

Reality TV star admits to multi-million dollar crop insurance fraud

JC Post

KANSAS CITY— A man whose family farming operation is the setting of a reality TV show pleaded guilty in federal court Tuesday to a multi-million dollar fraud scheme involving federal crop insurance benefits he was not entitled to receive, according to the United State's Attorney.

Steve A. McBee, 52, Gallatin, Missouri, waived his right to a grand jury and pleaded guilty before U.S. District Judge Stephen R. Bough to a federal information that charges him with one count of federal crop insurance fraud. McBee, the owner of McBee Farming Operations, stars in the reality TV series "The McBee Dynasty: Real American Cowboys" streaming on Peacock.

By pleading guilty today, McBee admitted that he engaged in fraudulent activity from 2018 to 2020 that caused an economic loss to the U.S. Department of Agriculture. Under the terms of today's plea agreement, McBee must pay restitution as determined by the court. The total loss claimed by the government is $4,022,123. Additionally, McBee must forfeit to the government $3,158,923.

McBee admitted that he made a false report to Rain and Hail, a company reinsured by the Federal Crop Insurance Corporation. McBee submitted fraudulent documents to Rain and Hail that underreported his total 2018 corn crop by approximately 674,812 bushels and underreported his total 2018 soybean crop by approximately 155,833 bushels. As a result of these false reports, McBee received $2,605,943 in federal crop insurance benefits to which he was not entitled, as well as $552,980 in federal crop insurance premium subsidies to which he was not entitled, for a total of $3,158,923.

McBee admitted that his farming operation sold more than 1.2 million bushels of corn and nearly 416,000 bushels of soybeans to another party in 2018. However, McBee's crop insurance records reported that his farming operations produced only 340,476 bushels of corn and 190,171 bushels of soybeans.

In addition to the specific felony charge to which he pleaded guilty today, McBee admitted he committed additional fraud in 2019 and 2020.

McBee provided false information to Rain and Hail to obtain insurance for the McBee farming operation's 2019 soybean crop by misrepresenting that soybeans were the first crop in certain fields when wheat had already been harvested from those fields. The Rain and Hail crop insurance policy only allowed insurance coverage on the first crop planted on a piece of land during a given crop year. As a result of the double cropping during the 2019 crop year, McBee was paid federal crop insurance benefits to which he was not entitled.

McBee also provided false information when he obtained crop insurance through NAU Country Insurance in 2020. McBee's farming operation planted corn after the last planting date in 2020, which made the crop ineligible for insurance. McBee provided false plant dates on crop insurance documents to NAU Country Insurance. As a result, McBee received federal crop insurance benefits to which he was not entitled.

Under federal statutes, McBee is subject to a sentence of up to 30 years in federal prison without parole. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

Older

Majesco Named a Leader in the 2024 Gartner® Magic Quadrant™ for SaaS P&C Insurance Core Platforms, North America

Newer

NOAA Issues Oregon BiOp Calling For Changes In National Flood Insurance Program To Protect Salmon

Advisor News

  • Retirement moves to make before April 15
  • Millennials are inheriting billions and they want to know what to do with it
  • What Trump Accounts reveal about time and long-term wealth
  • Wellmark still worries over lowered projections of Iowa tax hike
  • Wellmark still worries over lowered projections of Iowa tax hike
More Advisor News

Annuity News

  • New Allianz Life Annuity Offers Added Flexibility in Income Benefits
  • How to elevate annuity discussions during tax season
  • Life Insurance and Annuity Providers Score High Marks from Financial Pros, but Lag on User Friendliness, JD Power Finds
  • An Application for the Trademark “TACTICAL WEIGHTING” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
  • Annexus and Americo Announce Strategic Partnership with Launch of Americo Benchmark Flex Fixed Indexed Annuity Suite
More Annuity News

Health/Employee Benefits News

  • Studies from University of Maryland Describe New Findings in Hypertension (Use and Out-of-Pocket Costs of Antenatal Fetal Surveillance for Patients With Chronic Conditions): Cardiovascular Diseases and Conditions – Hypertension
  • Higher buprenorphine doses help patients stay in opioid use disorder treatment, new study finds
  • Minnesota’s uninsured rate jumped last year — and it could be going higher
  • Walz seeks to shake up Minnesota’s human services system amid fraud concerns
  • Higher buprenorphine doses help patients stay in opioid use disorder treatment, new study finds
More Health/Employee Benefits News

Life Insurance News

  • Thrivent plans to add 600 advisors this year
  • Third Federal Named a top Financial Services Company by USA TODAY
  • New Allianz Life Annuity Offers Added Flexibility in Income Benefits
  • Investors Heritage Promotes Andrew Moore to Executive Vice President; Names Him CEO of Via Management Solutions
  • Kansas City Life: Q4 Earnings Snapshot
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

Your Cap. Your Term. Locked.
Oceanview CapLock™. One locked cap. No annual re-declarations. Clear expectations from day one.

Ready to make your client presentations more engaging?
EnsightTM marketing stories, available with select Allianz Life Insurance Company of North America FIAs.

Press Releases

  • ICMG Golf Event Raises $43,000 for Charity During Annual Industry Gathering
  • RFP #T25521
  • ICMG Announces 2026 Don Kampe Lifetime Achievement Award Recipient
  • RFP #T22521
  • Hexure Launches First Fully Digital NIGO Resubmission Workflow to Accelerate Time to Issue
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet