Dubuque, IA- Three members of a northeast Iowa family who got double federal loans on their farmland and then declared bankruptcy have been sentenced.
Radio Iowa reports that 53 year old imee Rosenbaum of Lawler pleaded guilty to the conversion of property pledged to a farm credit agency and bankruptcy fraud. She was sentenced to six-and-a-half years in prison and ordered to pay more than $170,000 in restitution along with some $12,000 in fines and attorney fees.
Her 58-year-old husband Donald Rosenbaum of Cresco, was given two years’ probation and a one-thousand dollar fine for pleading guilty to bankruptcy fraud.
Their son 27-year-old Marshal Rosenbaum from Fredericksburg was sentenced to three months in prison and three months of home confinement, and ordered to pay restitution, after pleading guilty to the conversion of property pledged to a farm credit agency.
