Former Thurmond, Iowa, Resident Sentenced on Fraud Charges
COUNCIL BLUFFS, IA - On July 30, 2013, 55 year-old Robert W. Duncan, formally a resident of Thurmond, Iowa, was sentenced by United States District Court Judge John Jarvey to four years in prison, followed by five years of supervised release, announced U.S. Attorney Nicholas A. Klinefeldt. Duncan entered a guilty plea on March 12, 2013, to defrauding the Social Security Administration, filing a false income tax return and making a false statement to a financial institution. Duncan, former owner and auctioneer for Bob Duncan and Associates, was also ordered to pay restitution to the Social Security Administration in the amount of $218,755.10, and to the Internal Revenue Service in the amount of $42,254.00.
During the plea proceeding, Duncan admitted that he had defrauded the Social Security Administration by receiving benefits he was not entitled to between 1993 and 2011. Duncan also admitted to the court that he had caused to be filed a false 1040 tax form for tax year 2008 by under reporting his income, and that he had provided false financial documents to Treynor State Bank to obtain a $225,000 loan in 2005.
The investigation was conducted by the Iowa Division of Narcotics Enforcement, Southwest Iowa Narcotics Task Force, Mills County Sheriff’s Office, Internal Revenue Service- Criminal Investigations, Social Security Administration-Office of the Inspector General, Drug Enforcement Administration and the Federal Bureau of Investigation. The case was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.