PEORIA, Ill. – A Peoria man pleaded guilty Tuesday to charges accusing him of being a part of what federal prosecutors call a “wide-ranging fraud scheme.”
Federal court records indicate Chad Campen, 34, pleaded guilty to three counts of wire fraud, and single counts of bank fraud, money laundering, bankruptcy fraud, and making false statements under oath.
Prosecutors say Campen orchestrated a long-term fraud scheme, lying about business involvement and its success, and making fraudulent documents that were used to deceive victims, ending in early 2022.
“…beginning as early as January 2013, Campen engaged in a scheme to defraud in which he made several false and fraudulent statements to banks and others. Specifically, Campen obtained funds by falsely claiming his success in multiple business ventures; representing to others the amount of land he was farming; claiming that he sold agricultural inputs; that he had substantial amounts of grain stored; representing that he had substantial assets and that he was a financial success,” said a news release from the U.S. Attorney’s Office in Peoria.
That resulted in Campen getting money from banks, and goods, services, and cash from other people and companies throughout the area.
Campen could face decades in prison when he’s sentenced in July.
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