Man Jailed for Passing off Empty Bin as 54,000 Bushels of Soybeans

A North Carolina man was sentenced to 12 months and one day in prison for lying about how many bushels of soybeans he had. William L. Whaley, Jr., pleaded guilty to making false statements in connection with USDA Commodity Credit Corporation loan. Whaley took out a loan for $272,986.56 and used the bushels of soybeans as collateral. When USDA employees went to Whaley’s farm to verify the quantity, he tried to pass off an empty bin as 54,000 bushels of soybeans. Read more (WNCN).

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