United Group Insurance

Adams County Resident Sentenced to Five Years of Probation for Conversion of Mortgaged Property

Ag/Outdoor, News

June 16th, 2015 by Ric Hanson

(Corrects info. in Press Release to show Nodaway in Adams Co., not Page County)

A man from Adams County was sentenced last week in connection with conversion of mortgaged property. 34-year old Gary Matthew Johnston, of Nodaway, was sentenced by United States District Court Judge Stephanie M. Rose to five years of probation, and was ordered to pay restitution in the amount of $113,754, for converting the proceeds from the sales of approximately 176 head of cattle that were
mortgaged by the Farm Service Agency of the United States Department of Agriculture.

Johnston pled guilty on March 5th, to the charge of conversion of mortgaged
property, which was the result of an investigation by law enforcement after Johnston was involved in multiple sales of collateral at livestock auctions that were not reported to the Farm Service Agency as required.

The investigation was conducted by the United States Department of Agriculture, Office of the Inspector General, and the case was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.