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Man Pleads Guilty To Mail Fraud

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(credit: Jupiter Images)

(credit: Jupiter Images)

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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 This material may not be published, broadcast, rewritten or redistributed.)

 

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