East Peoria man sentenced for Caterpillar theft - 14 News, WFIE, Evansville, Henderson, Owensboro

East Peoria man sentenced for Caterpillar theft

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PEKIN, Ill. (AP) -

An East Peoria man was sentenced to seven years in prison after he pleaded guilty to stealing pricey 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.

Information from: Pekin Daily Times, http://www.pekintimes.com

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