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Former Auctioneer Sentenced on Fraud Charges

M.A.D. staff | July 30th, 2013

Robert W. Duncan, former owner and auctioneer of Bob Duncan and Associates in Council Bluffs, Iowa, was sentenced on July 30 in federal court to four years in prison, followed by five years of supervised release. Duncan, 55, entered a guilty plea on March 12 to defrauding the Social Security Administration, to filing a false income tax return, and to making a false statement to a financial institution. Duncan was also ordered to pay restitution to the Social Security Administration in the amount of $218,755.10 and to the Internal Revenue Service in the amount of $42,254.

During the plea proceeding, Duncan admitted that he had defrauded the Social Security Administration by receiving benefits he was not entitled to between 1993 and 2011. Duncan also admitted to the court that he had filed a false 1040 tax form for tax year 2008 by underreporting his income and that he had provided false financial documents to Treynor State Bank to obtain a $225,000 loan in 2005.

Originally published in the September 2013 issue of Maine Antique Digest. © 2013 Maine Antique Digest

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