Man sentenced to prison, pays $3M in restitution
A Monroeville man who worked with farmers in Seneca, Erie, Huron, Lorain and Richland counties was sentenced to prison Thursday and paid more than $3 million in restitution after pleading guilty to charges in July.
Richard J. Schwan, 79, had pleaded guilty to two counts of aggravated theft and one count each of attempted aggravated theft, falsification in a theft offense, insolvent handler and delayed price agreement, according to information from Ohio Attorney General Mike DeWine.
Huron County Common Pleas Court Judge James W. Conway sentenced Schwan to four years in prison Thursday, and the $3.2 million paid in restitution is to reimburse farmers, Ohio Department of Agriculture and Ohio Grain Indemnity Fund, according to information from DeWine.
Schwan had operated Schwan Grain Inc.
His company transported and sold grain on behalf of 35 farmers in the five counties, and an Ohio Department of Agriculture investigation found he sold more than $3 million in grain for the them, but deliberately failed to pay the victims their shares of the profits, a release states.