Former Iowa Deere employee pleads guilty in $250,000 fraud case
ROCK ISLAND, Ill. (AP) — A former Deere and Company employee from Iowa has admitted to defrauding the Illinois-based company out of at least $250,000 over a nine-year period.
Harvey Ulfers, 63, of Cedar Falls, Iowa pleaded guilty Thursday, Nov. 17, to various wire fraud and money laundering charges, the Quad-City Times reports.
Ulfers’ attorney, Donovan Robertson, says his client is likely to receive between 21 and 27 months in prison when he is sentenced in March in U.S. District Court in Rock Island.
Co-defendant Patrick W. Williams, 46, of Cedar Falls, pleaded guilty to a money-laundering conspiracy charge in April.
Authorities say Ulfers used his position as a purchasing supervisor to create and approve fraudulent documents which allowed significantly undervalued scrap metal to leave his Waterloo facility.