The former manager of the Ashby Farmers Cooperative in Ashby, Minnesota pleaded guilty to one count of mail fraud and one count of income tax evasion. Jerome Hennessey reached a plea agreement this past week in federal court. Over a 15-year period, Hennessey obtained a line of credit for the co-op that topped $7 million. That money was used for both legitimate expenses for the co-op and his own personal use. Hennessey could face 25 years in prison and a maximum fine of $250,000 on each count.
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