An Illinois farmer has been sentenced to 42 months in prison and ordered to repay nearly $5 million after securing about $8.4 million in bank loans with false paperwork.
Travis L. Murphy, 55, of Chandlerville must also serve three years of supervised release, reports WAND.
In 2016 Murphy secured an initial $1,762,000 line of credit from UMB Bank by claiming a grain complex cost about $2.65 million to build when the actual cost was about $986,000, and he also submitted false tax returns…