Nov 12, 2019

Co-op Manager Feels Hanson Deserves "Maximum Penalty" for Grain Fraud

Says Hunter Hanson's time should fit the hit on victims

source: AgWeek

Brian Larson is general manager of the Co-op Elevator of McClusky, ND — ground zero for elevators that took a big hit with the Hunter Hanson grain scam in 2018, reportsAgWeek.

Hanson, 22,was sentenced to 8 years on Tuesdayafter pleading guilty to fraud and wire fraud charges and has agreed to pay $11.1 million in restitution for defrauding farmers in a Ponzi scheme.

Larson's business was hit for $768,370.40, accounting for 126,110 bushels of hard red spring wheat.

"I think he should receive the maximum allowable penalty," Larson toldAgWeek. "You go through the whole range of emotions, the anger. My board of directors believed the way I handled it was proper."

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Marketwatch: Mar, 23

US Corn Price Idx:ZCPAUS.CM

open: 7.2027
high: 7.2141
low: 7.1152
close: 7.2109

US Soybean Price Idx:ZSPAUS.CM

open: 16.4168
high: 16.4378
low: 16.3004
close: 16.4004

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.6414
high: 10.6414
low: 10.2778
close: 10.3835

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 10.5512
high: 10.5662
低:10.0624
close: 10.2759