Farmer City
CRIME & SAFETY
Feds get guilty plea in Dewitt County boat fraud case
A 58-year-old Farmer City man has pleaded guilty to swindling boat owners and banks out of about $4.7 million. Federal prosecutors said Jeffrey Gibbs used a DeWitt County boat dealership to take out bank loans on fake boats and false transactions, used forged signatures, sold boats on behalf of owners and then didn’t pay the owners or the taxes and title fees due to the state after collecting them.
Farmer City man pleads in Peoria’s federal court to defrauding boat owners and banks
PEORIA, Ill. (WMBD) — A Farmer City man pleaded guilty this week to scheming to defraud local boat owners and banks that financed his business, according to federal court records. Jeffrey Gibbs, 58 pleaded guilty on Tuesday, May 14, 2024, to wire fraud, mail fraud and aggravated identity theft...
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