KANSAS CITY, MO – An Albany, Mo., farmer was indicted by a federal grand jury Tuesday for an alleged $800,000 fraud scheme to receive federal crop insurance payments to which he was reportedly not entitled.
Charged in the indictment, was Ryan A. Ruckman, 60, of Albany, with eight counts of loan application fraud. Ruckman owned and operated farms in the Missouri counties of Gentry, Davies, Nodaway, Worth and Harrison, as well as counties in southern Iowa. The indictment alleges that Ruckman defrauded the government by claiming federal benefits in his son’s name in order to receive additional payments from the U.S. Department of Agriculture under the Supplemental Revenue Assistance Program (SURE), the Direct and Counter-cyclical Payment program, and the Multiple Peril Crop Insurance program. According to the indictment, Ruckman used the proceeds of the fraud scheme to make payments on approximately $2.9 million in farm operating loans at Midstates Bank in Harlan, Iowa.
If found guilty, Ruckman would surrender any property acquired through use of the alleged fraudulently obtained proceeds.