Owner of Grain Company Sentenced to Six Years

6 years 2 months 2 weeks ago Friday, March 09 2012 Mar 9, 2012 Friday, March 09, 2012 6:44:20 AM CST March 09, 2012 in News
By: Associated Press

KANSAS CITY, Mo. (AP) - The owner of a Gallatin grain company is sentenced to six years in federal prison for a fraud that cost more than 100 northwest Missouri farmers an estimated $3 million.

Sixty-six-year-old Daniel F. Froman also was ordered Thursday to pay more than $2.8 million in restitution.

Prosecutors said Froman admitted that he sold grain from 100 farmers in order to pay his debts. He was charged with wire fraud because he mailed a fraudulent financial statement to the Missouri Department of Agriculture.

His wife, 66-year-old Pauline K. Froman, has pleaded guilty to conspiracy to commit mail fraud and will be sentenced April 17. The two were co-owners of the company.

The state collected $400,000 in assets from the Fromans, which has been distributed to the farmers.

 

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