Wednesday, April 22, 2009
A Topeka-area man faces federal charges for allegedly defrauding a Jefferson County cattle ranch.
Prosecutors say Dennis Stebbins of Overbrook on Tuesday was charged with one count of conspiracy to commit bank fraud and money laundering, four counts of bank fraud, and four counts of money laundering.
Stebbins and Jay Wagner of Oskaloosa are accused of defrauding the owners of J Bar Ranch between 2003 and 2008. Prosecutors say the ranch owners made an agreement with Stebbins to buy cattle and required they be examined by a veterinarian.
Prosecutors said the duo conspired to inflate the weight and cost of the cattle and falsely claimed that the animals had been examined by a veterinarian.
Stebbins is due back in court May 29, and Wagner pleaded guilty to one count.