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News Brief

Feb. 1, 2017ALBANY, Mo. |  By: Coffey

Albany man indicted on fraud charges

A 60-year-old Albany, Missouri farmer has been indicted by a federal grand jury in Kansas City on fraud charges. According to published reports, Ryan A. Ruckman was charged in an eight-count indictment concerning an approximate $800 thousand fraud scheme to receive federal crop insurance payments that he was not entitled to obtain. Ruckman owned a number of farms in Gentry, Davies, Nodaway, Worth and Harrison Counties in Missouri as well as counties in southern Iowa. 

According to the indictment, Ruckman allegedly 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; the Direct and Counter-cyclical Payment program; and the Multiple Peril Crop Insurance program. The indictment also alleges Ruckman used proceeds of the fraud scheme to make payments on approximately $2.9 million in farm operating loans at Midstates Bank in Harlan, Iowa.