ST. LOUIS (AP) -- Former Martinsburg, Mo., grain dealer Cathy Gieseker has pleaded guilty in what prosecutors have called the largest grain fraud scheme in Missouri's history.
Gieseker pleaded guilty Tuesday in U.S. District Court in St. Louis to one felony count of mail fraud, and admitted to a multimillion-dollar Missouri grain fraud scheme.
Prosecutors said Gieseker defrauded 180 farmers out of at least $27 million in proceeds from grain sales she made on their behalf.
Acting U.S. Attorney Michael Reap said Gieseker agreed to forfeit millions of dollars in cash and property derived from the illegal activity.
That includes five properties in Martinsburg and Rush Hill and 22 vehicles.
Sentencing is set for Feb. 25.
Copyright 2009 The AP.