East Peoria man sentenced for Caterpillar theft

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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