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State, federal sentences handed down for Freemans

September 24, 2009
Total Loss: $5 million
After being sentenced to federal prison on Monday, Mikel Freeman was sentenced on state charges Tuesday relating to the same case. On Monday, Mikel and Dianne Freeman of Milford were sentenced to federal prison and ordered to pay $4,839,858 in restitution to those victimized by a fraud scheme. The Freemans had pleaded guilty in April to "having participated in a money laundering conspiracy involving $11 million that resulted in losses of nearly $5 million by A-Way Grain Inc., and its stockholders, two central Illinois banks, the Illinois Grain Insurance Fund and others," according to a news release from Sharon Paul, public information officer for the Department of Justice, Acting United States Attorney Jeffrey B. Lang, Central District of Illinois.
Source: Times Republic
Posted in: Internal Fraud
Tags: over 1mloan