Amherst Junction Man Sentenced To Probation
Madison, Wis. - John W. Vaudreuil, United States Attorney for the Western District of Wisconsin, announced that Nathan Peplinski, 30, Amherst Junction, Wis., was sentenced today by U.S. District Judge Lynn S. Adelman to three years of probation for knowingly converting property pledged to the Farm Credit Administration and was ordered to pay restitution in the amount of $197,155.76. Peplinski pleaded guilty to this charge on March 19, 2013.
Peplinkski signed a promissory note for $200,000 with the Farm Services Agency (FSA) to purchase cattle for his farm. The cattle Peplinski purchased were pledged as collateral for the FSA loan. As part of the loan agreement with the FSA, Peplinski was required to deposit all sales of collaterized cattle into a supervised bank account that had both his name and the FSA's name on it. Peplinski was verbally told of this obligation and signed a document stating that he would deposit the proceeds of all cattle sales into a supervised bank account.
Peplinski admitted that he sold the FSA cattle and did not deposit the proceeds into a supervised bank account. Instead, Peplinski took the proceeds of the sale of cattle, thus converting the proceeds of the sale of FSA cattle for his own use.
The charge against Peplinski was the result of an investigation conducted by U.S. Department of Agriculture, Office of Inspector General, Investigations Unit. The prosecution of the case has been handled by Assistant U.S. Attorney Munish Sharda.