TOPEKA, Kan. (WIBW) – A Kansas rancher has been charged with selling hundreds of cattle used as collateral without repaying the full amount of the loan.
The Office of the United States District Attorney for the District of Kansas says a federal grand jury in Topeka has indicted a Kansas rancher on one count of felony conversion, one count of tampering with U.S. bonds or securities, and one count of making a false statement to a bank insured by the federal government.
Court documents say Blaine Schurle, 26, of Barnes, who operates Double S Cattle Company, LLC, was accused of selling approximately 400 head of cattle worth more than $400,000 without Farm Services Agency clearance. FSA guidelines prohibit the sale of securities in which the federal government holds security without first being approved.
Schurle was also accused of attempting to deposit a check for $13,452 into his bank account issued to both him and the FSA although it was not approved by the agency.
The Bureau noted that a grand jury also indicted Schurle for allegedly failing to report his debts to the FSA while obtaining a $45,450 bank loan.
Schurle is due in court for the first time at 1:30 p.m. on Thursday July 21.
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