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Three northeast Iowa family members sentenced in farm loan fraud

Ag/Outdoor, News

May 2nd, 2022 by Ric Hanson

(Radio Iowa) – Three members of a northeast Iowa family who got double federal loans on their farmland and then declared bankruptcy have been sentenced. Fifty-three-year-old Aimee Rosenbaum of Lawler pleaded guilty to the conversion of property pledged to a farm credit agency and bankruptcy fraud. She was sentenced to six-and-a-half years in prison and ordered to pay more than 170-thousand dollars in restitution along with some 12-thousand dollars in fines and attorney fees.

Her 58-year-old husband Donald Rosenbaum of Cresco, was given two years probation and a one-thousand dollar fine for pleading guilty to bankruptcy fraud. Their son 27-year-old Marshal Rosenbaum from Fredericksburg was sentenced to three months in prison and three months of home confinement — and ordered to pay restitution — after pleading guilty to the conversion of property pledged to a farm credit agency.