Overcast
32°FOvercastFull Forecast

East Peoria man sentenced for Caterpillar theft

Published: Thursday, May 15, 2014 9:02 a.m. CST

PEKIN – An East Peoria man was sentenced to seven years in prison after he pleaded guilty to stealing pricy equipment from Caterpillar Inc.

The Pekin Daily Times reports (http://bit.ly/1sRl21m ) 50-year-old John Peters pleaded guilty to felony theft charges. Authorities say he and another man stole items valued at about $1 million from the Peoria-based manufacturing company. They made almost $500,000 re-selling the goods on eBay.

Investigators say Peters used the money to buy motorcycle equipment and other items.

Another man, 35-year-old Eliot J. Wells, was sentenced to five years in prison in March after he agreed to plead guilty.

Both men had ties to the Peoria-based heavy equipment maker, working for a contractor.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Daily Chronicle.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Watch Now

Player embeded on all DDC instances for analytics purposes.

Post Game Press Conference: Boca Raton Bowl

More videos »

Reader Poll

Do you feel your local schools are secure?
Yes, upgrades have helped
Yes, they've always been safe
No, not enough measures taken