Hanson pleads guilty to wire fraud, money laundering

Hunter Hanson told U.S. District Judge Daniel Hovland he "got overwhelmed" in his grain trading business, leading to a situation in which he defrauded at least 60 farmers, grain elevators and grain brokers in North Dakota, Minnesota and Canada for more than $11 million.

Hanson, 22, on Tuesday, July 30, at the William L. Guy Federal Building pleaded guilty to federal charges of wire fraud and money...