• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Crime / Courts / Former Thurman auctioneer admits to fraud

Former Thurman auctioneer admits to fraud

March 15, 2013 By Dar Danielson

A former southwest Iowa auctioneer has admitted to a fraud scheme that netted him hundred of thousands of dollars from the federal government. Former Thurman resident, Robert Duncan, pled guilty to defrauding the Social Security Administration, filing a false income tax return and making a false statement to a financial institution.

The pleas are connected to Bob Duncan and Associates, the auction business he used to run. Duncan admitted he received between $200,000 and $400,000 in Social Security benefits between 1993 and 2011 that he was not entitled to. He also admitted to underreporting his income on his 2008 tax return, and to providing false documents to the Treynor State Bank for a $225,000 loan in 2005.

Duncan will be sentenced on June 11th in Council Bluffs, with a possible maximum sentence of 30 years in prison and one million dollars in fines.

Share this:

  • Facebook
  • Twitter

Filed Under: Crime / Courts, News Tagged With: Taxes

Featured Stories

Reynolds signs her ‘school choice’ bill into law

Governor Reynolds touts 2024 Iowa Caucuses in Inaugural Address

University of Iowa grad presiding over U.S. House Speaker vote

Iowan who was oldest person in the U.S. dies

Iowa Lottery to start making some payments via debit cards

TwitterFacebook
Tweets by RadioIowa

Iowa State names new receivers coach

No. 2 Iowa visits No. 1 Penn State in wrestling dual Friday night

Iowa’s Clark brings increased exposure to women’s basketball

No. 18 Iowa State women visit TCU

Northern Iowa men host Valparaiso

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC