2,244
 

Rancher sentenced to 11 years in prison for $244 million 'ghost cattle' scheme



ADVERTISEMENT
 
topics gone triple plat - Number 1 spot 3X PLAT




section  x1   |  0 bx goons and 1 bystanders Share this on Twitter       Share this on Facebook

section wild 'ish
  
 2 months ago '22        #1
2409 page views
35 comments


Dick2Gutta  topics gone triple plat - Number 1 spot x7
avatar
Props total: 12545 12 K  Slaps total: 900 900
Rancher sentenced to 11 years in prison for $244 million 'ghost cattle' scheme
 

 
visit this link https://www.msn.com/en-us .. bea7afec3a5c92

A rancher in eastern Washington has been sentenced to 11 years in federal prison after bilking two companies out of $244 million over several years in a "ghost cattle" scheme, according to court documents.

Cody Allen Easterday, of Mesa, Wash., was convicted of defrauding multinational food producer Tyson Foods as well as a second unnamed company, the Justice Department said in a statement Tuesday.

Easterday charged the two companies for the costs of buying and feeding approximately 265,000 cattle that never existed. He entered a guilty plea in March in U.S. District Court of the District of Eastern Washington.


The 51-year-old's lawyers argued in late September for a sentence of three years probation and a year of house arrest.image

Easterday used most of the fraudulent proceeds to cover about $200 million in losses incurred from commodity futures trading on behalf of one of his companies, Easterday Ranches.

"No one is above the law. Mr. Easterday amassed significant personal wealth, yet, he wanted more, so he defrauded his victims of nearly a quarter billion dollars by charging for cattle that never existed," U.S. Attorney Vanessa Waldref said in a statement.

"But for the combined and incredible efforts of our law enforcement team, today's sentence and the $244 million restitution award -- one of the largest in our District's history -- would not have been possible. Fraud has a debilitating impact on society by draining our communities' limited resources. Accordingly, we will continue to prosecute fraudsters to the fullest extent so we can keep our communities safe and strong in Washington State and throughout our great Nation."

After his arrest, Easterday Ranches and another of his companies, Easterday Farms, both filed for bankruptcy. Authorities have recovered about $65 million from liquidating their a*sets, which included large amounts of real property, heavy farm equipment, and aircraft. The money will be returned to the two victim companies.

Easterday's operation was uncovered by a joint investigation conducted by the Federal Deposit Insurance Corporation, Office of Inspector General, and the Postal Inspection Service' Criminal Investigations Group.

Prior to Tuesday's sentencing, Easterday filed a motion seeking amendments to the overall amount of restitution he owed Tyson and the second company. In the court documents filed this past weekend in U.S. District Court, Easterday stated Tyson continues to owe him more than $160 million in offsets.

"Tyson utilized Mr. Easterday's name and likeness for a branded beef product sold in Japan, in turn agreeing to compensate Mr. Easterday," Easterday said in his motion.
image


image
+9   



best
worst
35 comments
 

 2 months ago '11        #2
awww  topics gone triple plat - Number 1 spot x7
Props total: 73125 73 K  Slaps total: 50819 50 K
n*gga gonna probably do 5 years and enjoy the money he stashed away that n*gga ain’t doing that whole 11
+17   

 2 months ago '18        #3
Infamous1 
Props total: 23925 23 K  Slaps total: 5746 5 K
 awww said
n*gga gonna probably do 5 years and enjoy the money he stashed away that n*gga ainít doing that whole 11
overcrowded prisons, he''ll be out in 3

Top 10 most propped recently  2 months ago '22        #4
BreakkerSzn  topics gone triple plat - Number 1 spot x26
Props total: 66811 66 K  Slaps total: 38655 38 K

+2   

 2 months ago '05        #5
Jcrazy 
Props total: 1030 1 K  Slaps total: 292 292
 awww said
n*gga gonna probably do 5 years and enjoy the money he stashed away that n*gga ainít doing that whole 11
negative he will join the rest of them in a nice cozy prison that has golf and tennis
+8   

 2 months ago '07        #6
*-InfiniMatic-* 
Props total: 12768 12 K  Slaps total: 2335 2 K
Got too greedy. Probably was already good with what he had in small amounts. fu*k you need $244 million in the middle of nowhere for? Gotta stay under the radar.
+12   

 2 months ago '22        #7
Dick2Gutta  topics gone triple plat - Number 1 spot x7 OP
Props total: 12545 12 K  Slaps total: 900 900
This guy stole hundreds of millions from corporations fabricating having fake cows yet only getting 11 yrs...meanwhile, people who fabricated having fake business & received puny thousands of dollars in PPP loans are facing 20+ yrs
+24   

 2 months ago '21        #8
SHAMPOOO  topics gone triple plat - Number 1 spot x7
Props total: 11451 11 K  Slaps total: 4798 4 K
 awww said
n*gga gonna probably do 5 years and enjoy the money he stashed away that n*gga ainít doing that whole 11
Fall guy...But he'll be Good when he get out
+4   

 2 months ago '17        #9
TheGreyOne 
Props total: 5497 5 K  Slaps total: 1274 1 K
 SHAMPOOO said
Fall guy...But he'll be Good when he get out
Most definitely. Article as written doesn't even make sense. There is no detail of the scheme and no method by which that many cattle and that much money can go missing without someone being alerted. There is something more complicated going on...
+10   

 2 months ago '15        #10
jharlem0500  topics gone triple plat - Number 1 spot x2
Props total: 21125 21 K  Slaps total: 5048 5 K
 TheGreyOne said
Most definitely. Article as written doesn't even make sense. There is no detail of the scheme and no method by which that many cattle and that much money can go missing without someone being alerted. There is something more complicated going on...
Just look up the case on pacer
+1   

 2 months ago '17        #11
TheGreyOne 
Props total: 5497 5 K  Slaps total: 1274 1 K
 jharlem0500 said
Just look up the case on pacer
I see he was billing somewhere around the sum of a total of $2Bil. But no way he was tracking those figures himself with no checks and balances. And here's the tell:




That simple line re the audit tells me a lot.
+2   

 2 months ago '15        #12
jharlem0500  topics gone triple plat - Number 1 spot x2
Props total: 21125 21 K  Slaps total: 5048 5 K
 TheGreyOne said
I see he was billing somewhere around the sum of a total of $2Bil. But no way he was tracking those figures himself with no checks and balances. And here's the tell:




That simple line re the audit tells me a lot.
White men donít go to jail alone

If there was someone to cooperate against he wouldíve

Why is it so hard for you to believe that this white man committed this crime alone?

Wow
-1   

 2 months ago '16        #13
seatownslayer  topics gone triple plat - Number 1 spot x7
Props total: 8869 8 K  Slaps total: 2701 2 K
 awww said
n*gga gonna probably do 5 years and enjoy the money he stashed away that n*gga ain’t doing that whole 11
Thats fed time.... he gonna do at least 9 of those 11... good time if you even can get any is way less in the feds...




Last edited by seatownslayer; 10-06-2022 at 07:42 AM..
+4   

 2 months ago '17        #14
TheGreyOne 
Props total: 5497 5 K  Slaps total: 1274 1 K
 jharlem0500 said
White men donít go to jail alone

If there was someone to cooperate against he wouldíve

Why is it so hard for you to believe that this white man committed this crime alone?

Wow
Why is it so hard for you to understand that he isn't buying (or NOT buying) 200,000 cattle himself, not feeding these ghost cattle himself, not creating the stock numbers and feed quantities and submitting the invoices himself. And he damn sure ain't auditing himself. If we were talking 12 cows or so in a small operation then maybe. But to successfully hide the non-existence of 200k cows for four years requires the competence (or incompetence) of many people.

And what's that idiocy about white men not going to jail alone? Just was a story on a mother of 10 in jail on multiple charges including child endangerment and neglect. Meanwhile police and DCS had interacted dozens of times with the family over a decade with multiple documented instances of abuse/neglect and yet she kept getting the kids back. NONE of those people going to jail. In the case of the rancher he probably kept quiet to protect some other things he had going but wasn't expecting 11yrs. Might talk now in exchange for a sentence reduction...
+3   

 2 months ago '11        #15
Silencer  topics gone triple plat - Number 1 spot x1
Props total: 48852 48 K  Slaps total: 1938 1 K
Did i make it in before the "If he was black" comments?
-1   

 2 months ago '06        #16
whammy  topics gone triple plat - Number 1 spot x7
Props total: 37220 37 K  Slaps total: 2575 2 K
Ol' buddy must have had r/wallstreetbets doing his commodity trading.
+5   

 2 months ago '05        #17
Double M Set  topics gone triple plat - Number 1 spot x1
Props total: 18480 18 K  Slaps total: 3175 3 K
 d*ck2Gutta said
This guy stole hundreds of millions from corporations fabricating having fake cows yet only getting 11 yrs...meanwhile, people who fabricated having fake business & received puny thousands of dollars in PPP loans are facing 20+ yrs
One Stole Directly From The Government, One Stole From CompaniesÖThats The Difference My Guy
+2   

 2 months ago '16        #18
ghoti 
Props total: 5612 5 K  Slaps total: 418 418
If it's all white it's all right



-1   

 2 months ago '21        #19
Goongonnaate 
Props total: 458 458  Slaps total: 26 26
How the fu*k he lose 200 mill trading futures.

First million would have had me sick
-1   

 2 months ago '19        #20
JohnMellow 
Props total: 6439 6 K  Slaps total: 3421 3 K
Cows b ghosts now ? They trippin


-1   

 2 months ago '10        #21
Nautilus O  topics gone triple plat - Number 1 spot x4
Props total: 125515 125 K  Slaps total: 25556 25 K
Have they checked the ghost kitchens?

+1   

 2 months ago '07        #22
ericsupreme 
Props total: 1829 1 K  Slaps total: 372 372
 *-InfiniMatic-* said
Got too greedy. Probably was already good with what he had in small amounts. fu*k you need $244 million in the middle of nowhere for? Gotta stay under the radar.
dude he was $200 mil in the hole!!
+3   

 2 months ago '20        #23
Xiox  topics gone triple plat - Number 1 spot x1
Props total: 75511 75 K  Slaps total: 13773 13 K
He got off lite af
+1   

 2 months ago '18        #24
BlackjesuS  topics gone triple plat - Number 1 spot x1
Props total: 18343 18 K  Slaps total: 3414 3 K
 whammy said
Ol' buddy must have had r/wallstreetbets doing his commodity trading.
He will still be able to fu*k someone's wife with that 40 mil...if he hasnt already
-1   

 2 months ago '12        #25
daman729 
Props total: 118507 118 K  Slaps total: 4715 4 K
Its a shame when mfs like this who clearly have smarts to pull off some sh*t like this use their abilities to do scammy sh*t.



T
+1   



Sign me up
 
 

yesterday...


most viewed right now
online now  16
Image(s) inside What Books Are Yall Reading Right Now
76 comments
1 day ago
@misc
most viewed right now
+102online now  12
[Workout] The difference between a weightlifter and a bodybuilder
98 comments
1 day ago
@misc
most viewed right now
+299online now  8
Article inside Psychologists say only 30-50% of people have an internal monologue
277 comments
1 day ago
@wild'ish
most viewed right now
online now  7
Article inside The Elder Scrolls 6 Has Bad News for Some Fans
76 comments
2 days ago
@games
back to top
register register Follow BX @ Twitter search BX privacyprivacy