A Clay Center man was sentenced Thursday to two years on supervised release for selling assets he had pledged as collateral on a federal loan. U.S. Attorney Tom Beall for the state of Kansas in Wichita adds Harold Mugler, 64, was ordered to pay $84,594 in restitution.
Mugler pleaded guilty to one count of criminal conversion. In his plea, he admitted that in 2009 in received a $100,000 loan through the U.S. Department of Agriculture’s Farm Service Agency. Over the following years, he sold off various pieces of farm machinery that he had pledged as collateral on the loan. He was behind on his loan payments in 2015 when the government learned of the sales.
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