SIOUX FALLS, S.D. (AP) — Prosecutors say a Minnesota man faces up to 20 years in prison after pleading guilty in a Sioux Falls federal courtroom to mail fraud.

The U.S. Attorney’s office said 44-year-old John E. Pitlick of Shoreview, Minn., portrayed himself as being able to broker loans between farmers. Prosecutors said members of one South Dakota farm family transferred $300,000 to Pitlick’s business but the money was never loaned out and Pitlick kept it.

He’s to be sentenced in August.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments (4)
  1. Charolette says:

    Must be a pig farmer.

  2. Ali says:

    He may get 4 and out in 18 months. Not too bad for $300,000. I sure it was worth it.

  3. hohummmmm says:

    …might’ve used some of that 300k to buy a new last name…

  4. April says:

    The man is a PIG he took 10,000 from me and has yet to pay off 3600.00. He is getting what he deserves…..He has used many many people for his own advantage. I am sure many more will come out of the woodwork. I myself could name quite a few. Karma finally caught up with this scam artist! He told me it was to invest in farmland…the money he took from me was the only money I had left from my mother’s money left to me after she passed away.

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