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Rapid City Businessman Charged In Fake Organic Grain/Seed Scam

RAPID CITY, S.D. (AP) – Federal prosecutors have charged a Rapid City businessman in what they say was a $71 million dollar fraudulent scheme to sell fake organic grain and seed.

The U.S. Attorney’s Office filed an indictment for wire fraud and money laundering against Kent Duane Anderson, alleging he sold non-organic grain and seed products as organic.

Court documents show Anderson made a $25 million dollar profit from the fake organic sales from October 2012 to December 2017, using the money to fuel an extravagant lifestyle that included a yacht, a multimillion dollar home, and luxury cars.