Rubashkin gets 27-year sentence in federal bank fraud case | TSLN.com

Rubashkin gets 27-year sentence in federal bank fraud case

Sholom Rubashkin, former executive at Agriprocessors, Inc., was sentenced to 27 years in federal prison, and ordered to pay almost $27 million to several financial institutions, for his conviction last November on 86 counts of financial fraud, according to documents filed in the case.

In a ruling filed Monday, June 21, U.S. District Judge Linda Reade said her ruling will be read in court today, and the sentence will be followed by five years of supervised release. In her Monday ruling, she rejected defense arguments that Rubashkin lacked the authority to stop the criminal conduct at the Postville, Iowa, plant founded by his father. In a 52-page ruling, she called Rubashkin’s control and authority “close to absolute,” adding, “He told his employees when, where and how to commit the various crimes.”

Prosecutors originally sought life in prison, later saying they’d seek a 21-27 year sentence. Defense attorneys had sought no more than 6 years. They said they will appeal the conviction and the sentence.

Agriprocessors went into bankruptcy, and the plant was purchased by Agri Star, Inc.

Sholom Rubashkin, former executive at Agriprocessors, Inc., was sentenced to 27 years in federal prison, and ordered to pay almost $27 million to several financial institutions, for his conviction last November on 86 counts of financial fraud, according to documents filed in the case.

In a ruling filed Monday, June 21, U.S. District Judge Linda Reade said her ruling will be read in court today, and the sentence will be followed by five years of supervised release. In her Monday ruling, she rejected defense arguments that Rubashkin lacked the authority to stop the criminal conduct at the Postville, Iowa, plant founded by his father. In a 52-page ruling, she called Rubashkin’s control and authority “close to absolute,” adding, “He told his employees when, where and how to commit the various crimes.”

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Prosecutors originally sought life in prison, later saying they’d seek a 21-27 year sentence. Defense attorneys had sought no more than 6 years. They said they will appeal the conviction and the sentence.

Agriprocessors went into bankruptcy, and the plant was purchased by Agri Star, Inc.

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