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Man sentenced in fraud case

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news New Richmond, 54017
New Richmond News
715-246-7117 customer support
New Richmond Wisconsin 127 South Knowles Avenue 54017

Anthony Hood, 33, Prescott was sentenced to 30 months in federal prison Wednesday by U.S. District Judge William M. Conley for interstate transportation of securities obtained by fraud.

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Hood was also ordered to pay restitution to the following:

— $21,364.56 to the Village of Ellsworth

— $257,853 to Frontier Ag and Turf, New Richmond

— $300,000 to Federated Mutual Insurance Company (the insurance company for Frontier Ag and Turf)

According to the U.S. Attorney’s Office for the Western District of Wisconsin: On Nov. 13, 2013, Hood pled guilty to two counts of interstate transportation of stolen securities. During the guilty plea hearing, Hood admitted that while working as a Frontier Ag and Turf manager, he sold numerous John Deere tractors and other equipment to a Nebraska implement dealer. Hood admitted that he diverted part of the purchase price for each implement by convincing the Nebraska dealer to send two checks for each purchase. Hood admitted that he then deposited the diverted checks into his checking account. Hood also admitted that he obtained funds from the Village of Ellsworth to build and develop a NAPA auto parts store. Hood admitted that he used false invoices to obtain money from the Village of Ellsworth.

In imposing the sentence and restitution, Judge Conley described Hood’s crime as a “massive fraud” against victims who should have been able to trust Hood. Judge Conley noted that Hood spent the fraudulently obtained money to sustain a “selfish lifestyle” of spending at restaurants, clothing stores and retailers.

United States Attorney John Vaudreuil commended the efforts of the Pierce County Sheriff’s Department and the Federal Bureau of Investigation in investigating Hood’s fraudulent schemes.

“We are very proud of the excellent teamwork shown by federal and local law enforcement in this case,” Vaudreuil said. “This is another great example of the success we can achieve working together.”

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Jason Schulte
Jason Schulte is a reporter for the New Richmond News since February 2015. Prior to that he spent eight years at the Pierce County Herald in Ellsworth. His duties with the News will include covering news out of Hammond and Roberts along with action from St. Croix County court system. He lives in Roberts. 
(715) 243-7767 x243
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