ST PAUL, Minn. – A Cottonwood County man has pleaded guilty to wire fraud, in a $19 million fraud scheme, according to the United States Attorney’s Office – District of Minnesota.
According to court documents, between 2013 and 2021, James Clayton Wolf, 65, a certified organic farmer, engaged in a scheme to defraud grain purchasers by selling them non-GMO grains falsely represented as organic. In his guilty plea, Wolf admitted purchasing conventionally farmed grains from a supplier and reselling the grains labelled as organic. The scheme netted profits of more than $19.6 million, which Wolf used to purchase real estate, vehicles and farm equipment, and investments. As part of the agreement, Wolf will forfeit all the proceeds of the fraud.
Wolf pleaded guilty to one count of wire fraud. A sentencing hearing will be scheduled at a later date.
