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Economy

Former Deere Employee Sentenced

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A former employee of John Deere will go to prison for cheating the company. Tuesday in federal court in Rock Island, Harvey Ulfers was sentenced to two years and nine months following his guilty pleas to wire fraud and money laundering.

Federal prosecutors say while working as a purchasing supervisor at the Deere Foundry in Waterloo, Ulfers under-valued scrap metal leaving the plant, then worked with Patrick Williams at Alter Metal Recycling to sell the metal at full price and keep the proceeds.

Williams, from Cedar Falls, was sentenced in April to two years and three months in prison.

In addition to the time in prison, Ulfers was also ordered to pay a fine of 111,000 dollars and restitution totaling 259,000 dollars.