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2 central Illinois men accused of Caterpillar theft

EAST PEORIA, Ill. (AP) - Two central Illinois men are facing charges after authorities say they stole more than $1 million in equipment from Caterpillar Inc.

John R. Peters, 50, of East Peoria, and 35-year-old Eliot J. Wells, of Peoria, are each being held on $500,000 bond in the Tazewell County Jail. Both have ties to the Peoria-based heavy equipment maker. Peters used to work for Caterpillar, while Wells is a current employee.

Court document show the stolen machinery was being sold on eBay.

It wasn't clear if the two men had retained attorneys. Peters' phone rang unanswered Tuesday. Meanwhile, Wells' number wasn't listed.

Caterpillar officials said in a statement that they're working with authorities as part of the investigation into the thefts.

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