NC farmer sentenced for illegally selling $7M of crops
ELIZABETH CITY, N.C. — A Pasquotank County farmer has been confined to his home for one year after prosecutors said he illegally sold $7 million worth of corn and soybeans.
The Virginian-Pilot of Norfolk reports that 69-year-old James Howard Winslow was sentenced in federal court Monday to the home confinement and five years of probation.
He was indicted in August on charges of illegally transporting and selling 450,000 bushels of grain to a Virginia dealer that he had contracted to store for a farmer. Winslow pled guilty in October.
He was sentenced to home confinement rather than jail so he could continue working off the $7 million debt. Winslow has repaid $1.3 million so far.
He declared bankruptcy in 2009 when he owned up to $50 million to 200 creditors.
This article was provided by The Associated Press Wire. (Copyright 2012 by The Associated Press. All Rights Reserved.)