WICHITA, Kan. (AP) A 50-year-old Texas man has been sentenced in Kansas to 21 months in federal prison for cattle fraud.
The U.S. Attorney’s office says William P. Cadle, of DeKalb, Texas, was sentenced Monday in federal court in Wichita, where he pleaded guilty earlier to one count each of loan fraud and criminal conversion.
Cadle admitted defrauding First National Bank in Independence, Kan., in February 2012 by lying on a loan application about the number of cattle he owned as collateral.
He also claimed to have bought Angus cattle with a Farm Service Agency loan. Those cattle had actually been bought by his son with an FSA loan, but Cadle sold them anyway without making payments to the agency.
