A man pleaded guilty Tuesday to a conspiracy charge related to alleged bank fraud in his work as an executive at Agriprocessors Inc., the Postville slaughterhouse.
Yomtov “Toby” Bensasson, 56, was convicted of conspiracy to make false statements to a bank. He admitted that he conspired from September 2007 to October 2008 to lie to a bank to receive advances on a loan.
Bensasson told authorities that he “overstated the value of collateral as part of his employer’s request for an advance on a loan,” the U.S. attorney’s office said in a statement.
Prosecutors declined to confirm that Bensasson worked for Agriprocessors, and made no mention of the plant in court papers. But federal work-visa records for Iowa identify Bensasson as the chief financial officer at the struggling kosher meat plant. It is unknown whether he still holds that job.
Agriprocessors was the site of a May 2008 immigration raid.