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Published September 29, 2009, 09:38 AM

Another Agriprocessors executive pleads guilty

CEDAR RAPIDS, Iowa - The former chief financial officer at Agriprocessors Inc. has pleaded guilty to a charge that he conspired to make false statements to a bank.

By: AP wire report, West Central Tribune, The Associated Press

CEDAR RAPIDS, Iowa - The former chief financial officer at Agriprocessors Inc. has pleaded guilty to a charge that he conspired to make false statements to a bank.

The 50-year-old defendant, Mitchel Meltzer of Postville entered plea Monday in U.S. District Court in Cedar Rapids.

According to prosecutors, Meltzer admitted that he conspired with others to make false statements to a bank in connection with requests for advances on a loan.

Meltzer remains free on bond until his sentencing. He faces a maximum five-year prison sentence, a $250,000 fine and three years of probation.

Agriprocessors was the site of a May 2008 immigration raid that led to the arrest of 389 illegal workers and eventual charges against former executive Sholom Rubashkin and several managers.

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