Former Agriprocessors executive faces more charges
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Saturday, November 15, 2008 8:34 AM CST
By JOSH NELSON, Courier Staff Writer
POSTVILLE — New federal charges against the former head of the Agriprocessors plant accuse him of diverting money destined to pay off more than $32 million in loans into two area businesses and later ordering employees to hide evidence of the scheme.
Sholom Rubashkin, 49, was arrested at his home 8 a.m., Friday morning on federal bank fraud charges related to his time as CEO and vice president of the kosher packing plant, said Bob Teig, a spokesman for the U.S. Attorney’s office.
Rubashkin, the son company owner of Abraham Aaron Rubashkin, was ordered to remain in custody until a hearing next week during a court appearance Friday. Rubashkin appeared in court wearing shackles at the ankles, waist and wrists.
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