AgWeek reports that a west-central grain elevator is going belly up, alleging that its general manager spent more than $2 million of its funds for hunting safaris, taxidermy and other expenditures.

The Ashby Farmers Cooperative Elevator  Company stopped taking deliveries on September 10 and will officially close for business today, the company said in a September 12 letter to members. The board’s initial investigation revealed that Jerry Hennessey, the co-op’s general manager, signed checks of $375,000 for safari hunting trips, over $500,000 for taxidermy and more than $1 million for personal Cabela’s Club Visa card expenditures.

The unauthorized withdrawals have been reported to the Grant County Sheriff’s Department, and a deputy has been assigned to conduct an investigation.


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