Source: United States Attorneys General
Headline: Nebraska Man Sentenced for Conversion of Mortgaged Property
United States Attorney Ron Parsons announced that a Harrison, Nebraska, man convicted of Conversion of Mortgaged Property was sentenced on February 7, 2018, by Chief Judge Jeffrey L. Viken, U.S. District Court.
Paxton Carrier, age 24, was sentenced to 12 months of imprisonment and ordered to pay a $100 special assessment to the Federal Crime Victims Fund and $275,403.52 in restitution to the Farm Service Agency.
Carrier was charged on April 18, 2017, and pleaded guilty on November 3, 2017. The charge related to Carrier obtaining a loan from the Farm Services Agency (FSA), and then selling a large portion of the collateral mortgaged by the loan. Rather than paying the FSA loan as required after the sale of collateral, Carrier used the proceeds to pay other debts and purchase personal items. Carrier never made a payment on the FSA loan.
This case was investigated by the Office of Inspector General, United States Department of Agriculture. Assistant U.S. Attorney Benjamin Patterson prosecuted the case.